Thread: A Bit of Lotto Fun

I found out recently that a guy I used to know is very heavily in debt. It really surprised me that it would happen to him as he was always very switched on when it came to money. After a bit of discussion it seems he is doing it deliberately and hopes to take a bank with him when he dies. Every time the debt gets close to breaking point he gets his house revalued and borrows against it - from the same bank each time. In the mean time he happily renovates the place and, from what I am told, is doing a fantastic job.

(He has no wife or family)

I would buy a big electrified cone of silence that fitted over the top of the shed and kept women and kids out (dogs OK)

Originally Posted by Samson13

To be brutally honest - NOTHING. I'd be spending the next few years travelling. Come on, how many of you really would make buying tools, equipment , sheds, etc a priority if you had $50 million? Think about it really really hard. $50 MILLION!!!!

Then again, maybe I'd buy an ocean going yacht.

and then some

One thing I don't understand is why are more people buying tickets because it is 50m.

Does it mean 20 millions every other week wasn't enough?

I think I will wait until it is $100m.

Originally Posted by Samson13

To be brutally honest - NOTHING. I'd be spending the next few years travelling. Come on, how many of you really would make buying tools, equipment , sheds, etc a priority if you had $50 million? Think about it really really hard. $50 MILLION!!!!

Then again, maybe I'd buy an ocean going yacht.

While buying tools and sheds might not be right at the top of my list of things to do They would certainly come before travel or going on a cruise!
I would buy the property next door (63 acres) and set it up to further the family interest in horses and would also purchase a remote rural block I currently hunt on as I know it is for sale.
But yes I would spend plenty of time and money on woodwork and equip myself to further my newfound interest in making Guitars.
I would probably spend far more money on hand tools than machines but I would splash out on a wide 1200mm triple belt sander .

Ross

Originally Posted by manoftalent

money is the root of all evil....whoever said that, was right on the mark...sure it would buy lots of fancy equipment, tools and do daa's, but it could not replace the care of a hand worked piece ....a hundred years ago, fine furniture craftsmen had no fancy gear, and today we look in awe at their work...so for me a pile of cash has no thrill, I would rather be dirt poor and up to my eyeballs in debt ( who isnt), and be happy with the piece I put together with my own two hands .....after all ....thats what its all about isnt it?..

I think you overstate your point.
I for one dont look in awe of pieces made 100 plus years ago for a number of reasons and what it is all about is the satisfaction of doing the best job you can and learning to do it better next time. Not wether you do it my hand or machine. I dont see any meaningful satisfaction in hand planing half a m3 of backwood.

Rgds

Ross

Here's a fun little statistic for you. (I ripped this off from Dr Karl...)

Powerball has odds of roughly 1 in 55 million of winning.

There are about .81 deaths per hundred million vehicle kilometres travelled on Aus roads. Driving 2.25km roughly equates to 1 chance in 55 million of dying in a traffic accident.

You'd better hope you don't have to travel more than 1.125km each way to buy your powerball ticket...

Cheers,
Dave

http://www.news.com.au/dailytelegrap...001021,00.html
Person from Reservoir wins $58 million Powerball jackpot


Article from:
June 06, 2008 12:00am

THE newsagent who sold the winning $58million Powerball jackpot ticket - the biggest prize ever in Australia - has revealed first details of how the winner bought their ticket.
The hunt for the winner of Australia's biggest-ever lottery prize of more than $58 million intensified today after the winning ticket was traced to a Victorian newsagent.
The Lakeside Newsagency in Reservoir, a northern Melbourne working-class suburb, sold the luckiest ticket in Australian history to one person yesterday before last night's draw.
The person scooped the entire $58 million Powerball jackpot - almost enough to place them on the Australian rich list.
Conservative financial estimates today say the winner could easily earn $5million a year before tax on interest and investments from the jackpot without taking any great risks. They will be paid by cheque in two weeks.
The winning numbers, in drawn order, were: 5, 21, 11, 38 and 2, with the Powerball 33, with the total prize of $58,737,207.41.
Are you the winner or do you know the winner. Phone us at 02 92883413 or email us at [email protected]
But Tattersall's spokesman Gerry Devine said winner or winenrs with single Powerball draw ticket were not yet known.
"We don't know who owns it, whether it's one person or more," Mr Devine told radio today.
"They don't know unless they've checked the numbers.
"At this stage, if they had checked the numbers or watched the draw or checked the numbers in the paper this morning they would have been on to us well by now." But revealing first details of how Powerball was won, newsagency owner Dean Schultz said the person had won the loot off a 50-game quick-pick, purchased yesterday afternoon.
"It is such a thrill for us," Mr Schultz told 3AW.
"Just to know the difference that this will make to someone's life and the people around them, it's just fantastic."
Would you change your life? Join our blogger who says he'd still turn up to work just to annoy everyone.
But Mr Schultz said he couldn't accept any gift from the winner.
"We are not supposed to accept gratuity, so if they offered us something we wouldn't be able to take it."
Carol Schultz, whose son Dean owns the Lakeside Newsagency and who works in the shop, said it was a huge thrill just to be associated with the jackpot win. She said the winning ticket was sold sometime yesterday, adding the newsagency was only a small business whose customers were mostly local residents.
"We are very excited," Mrs Schultz told AAP.
"It's a very nice return for $32.70. We have no idea who it could be, but a lot of people bought more than one ticket, some even bought half a dozen - we're hoping it's one of our regulars."
Mrs Schultz said Dean was in a daze that his business was linked to Australia's biggest-ever lottery win, adding their new-found fame would do wonders for the shop.
"You just feel like it's you who has won. We're so very happy that we sold the winning ticket - it will do wonders for the shop.
"We've already had a lot of people coming in saying this is now the lucky shop. It's a great morale boost.
"We certainly hope it brings whoever has won lots of happiness and I hope they know how to handle such a lot of money properly."
This morning, media teams, photographers and TV crews had laid siege to the store in the hope of chancing on the lucky winning ticket holder, Mrs Schultz said.
Tattersall's spokesman Gerry Devine said the notion that the winning ticket could be sitting lying around in the winner's home or on a car seat was "a dreadful thought".
But he said there was no deadline to claim the tax-free winning loot.
"The good thing about Tatts lotteries, unlike the lotteries overseas and that ... (is the collection deadline is) forever," he said.
"Their great-grandchildren, if they found it at the bottom of the drawer one day, could take it into Tatts and get the money."
Eighty five people won a second division prize of $76,212 and more than 500 won $5579 on third division in the record smashing Powerball draw.
For six consecutive weeks, lottery players around the nation have been unable to match Powerball's Division One winning numbers, resulting in the record $50 million jackpot.
Newsagents around the country were swamped yesterday as wannabe winners queued with hopes of taking home the big one.
There were 1.3 million winners across the seven Powerball divisions in the draw, with a record total prize pool of $88.8 million.
"It's records all round," the spokesman said.
"Record sales, record prize return and record jackpot."
In the game of Powerball, five balls are drawn from one machine and then a single ball, the Powerball, is drawn from a second machine.
To win the first division prize, players must select all six numbers.
The $58.7 million Powerball win comes just weeks after the current record of $47.98 million was won in OZ Lotto.
The full results of the Powerball draw No.629 are:
Winning Numbers (drawn order): 5, 21, 11, 38 and 2 The Powerball number was: 33
Dividend Total Winners Total Prizes Payable Division 1 $58,737,207.41 1 $58,737,207.41
Division 2 $76,212.60 85 $6,478,071.00
Division 3 $5,579.75 531 $2,962,847.25
Division 4 $106.20 21,750 $2,309,850.00
Division 5 $50.95 25,620 $1,305,339.00
Division 6 $21.70 270,477 $5,869,350.90
Division 7 $11.20 997,732 $11,174,598.40
1,316,196 $88,837,263.96
1 Victorian winner from Reservoir
SOURCE: Tattersall's Sweeps

The whole Bl-----store!