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megamillions
Started by likemike23
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Yep...I'd pay off my undergrad debt. Drive a new car to school instead of a junker, and live in a nice apartment. The jackpot can just be the parachute if I totally suck it up as a doctor. lol
Ive actually thought about this before, and it's how I know I'm making the correct career decision, when I thought about winning the lottery my first thought was "med school would be so much easier to pay for!!"
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Most definitely. Have you ever had a period of time where you had nothing to do and nothing to worry about? Not fun after the first two or three days.
It would be nice to have a medical career without having to worry about paying back loans or living in a refrigerator box during residency.
It would be nice to have a medical career without having to worry about paying back loans or living in a refrigerator box during residency.
I know a psych patient who, because of winning the lottery, became a paranoid schizophrenic since he was constantly bombarded with lawsuits and, in general, people who were after him because of all that money he won. He now has his entire house covered with security cameras and his family are on constant lockdown because of his paranoia.
So yeah if i ever won the lottery I would probably donate most of it (very publicly ofcourse). And therefore still proabably still be a doctor.
just my $0.02
So yeah if i ever won the lottery I would probably donate most of it (very publicly ofcourse). And therefore still proabably still be a doctor.
just my $0.02
+1. I always think about money in terms of how much of my med school it would pay for.
So assuming we're taking the lump sum of ~half minus taxes leaving us with around $90 million?
Start a charity with like 30 mil, put 40 mil in secure investments, 10 mil in high risk/reward investments, 5 mil set aside to pay for med school/living expenses during school/residency, use the remaining 5 mil to buy parents whatever they want, get myself a new wardrobe/car, new gear for my band, whatever else I could possibly need, and keep the remainder (probably ~4 mil still to be honest, my parents and I are conservative and frugal) in the bank for quick access in emergencies.
Definitely still go into medicine. I feel like I'll actually get satisfaction out of life with this. The real comfort in winning the lottery is not needing to care what happens with my personal reimbursement as a physician.
Start a charity with like 30 mil, put 40 mil in secure investments, 10 mil in high risk/reward investments, 5 mil set aside to pay for med school/living expenses during school/residency, use the remaining 5 mil to buy parents whatever they want, get myself a new wardrobe/car, new gear for my band, whatever else I could possibly need, and keep the remainder (probably ~4 mil still to be honest, my parents and I are conservative and frugal) in the bank for quick access in emergencies.
Definitely still go into medicine. I feel like I'll actually get satisfaction out of life with this. The real comfort in winning the lottery is not needing to care what happens with my personal reimbursement as a physician.
ehh
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I buy lotto tickets all the time. I switch back and forth between powerball and mega millions if one of their jackpots are really high but mostly buy my state lotto as I'll lose anyways and the money will support local schools.
That $2 a month or so is me showing off mah hot invezting skillz.
I think about this every time I buy a ticket and yes I would definitely still go into medicine. Pay would totally drop off the radar as a criteria for specialty selection instead of the small one it is now.
The other thing that always goes through my head as I'm buying a ticket is the quote that "lotteries are a tax on those who are bad at math"
Oh and I'd buy a Buick Regal. Sensible American luxury 😍
That $2 a month or so is me showing off mah hot invezting skillz.
I think about this every time I buy a ticket and yes I would definitely still go into medicine. Pay would totally drop off the radar as a criteria for specialty selection instead of the small one it is now.
The other thing that always goes through my head as I'm buying a ticket is the quote that "lotteries are a tax on those who are bad at math"
Oh and I'd buy a Buick Regal. Sensible American luxury 😍
woof. That is all.
Oh well, somebody won the jackpot yesterday, god darn it! There's always the Powerball today though😀 I would still be going to med school if I won the jackpot. Like somebody has mentioned above, I would be giving much of it away so I don't live with guilt and paranoia for the rest of my life. I'd give half of it to my siblings. With my half, I'd start a scholarship fund for aspiring med students at my local school in my parents' name, set aside enough money for them to travel the world, for me to pay off all school debt and enough left to grow in my retirement account.
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a few cute nurses? please.... if I win 312 mil, im running off with Marissa Miller and Brooklyn Decker
One person won the whole thing...
Give some to the fam and maybe a few organizations.
Most - fund a free clinic in an under served area.
Most - fund a free clinic in an under served area.
My thoughts exactly! I would also pay for my sibling's school, buy my parents some nice stuff, donate, etc.
I think I'd continue with school..I'd drive a Ferrari to school, go shopping anytime im not studying and chill out who cares bout step1 or anything.. the only thing thatd prob change is id prob not care to be a reg internist no more surgery for me.
Take lump sum --> Invest most of it.
Put exactly $10 million aside --> go to bank and ask for the money in gold and silver dollars --> put in (really big) treasure chest --> bury it in the middle of north dakota --> put treasure map in my will (they're gonna have to earn it)
Put exactly $10 million aside --> go to bank and ask for the money in gold and silver dollars --> put in (really big) treasure chest --> bury it in the middle of north dakota --> put treasure map in my will (they're gonna have to earn it)
Absolutely not. I would give mom and pops ~10 mil each, as well as my brother to do with as they please. I'd probably donate a little too, maybe up to ~5 mil. The rest would be mine to do whatever the hell I want with. I'd probably stay in college for a while for funsies and hopefully I would never have to work another day in my life (assuming I invest well).
I thought of it too. Same conclusion.
Hell no, I'd take the 10-20 million dollar a year annuity. I'd open a trust for my family with a couple million dollars so they don't bitch and save the rest.
I would still go to medical school but I would be the flyest dude that school had ever seen. Make a large donation to my school and get a building named after myself. Get dropped off at school in a new Rolls Royce wearin an Armani suit and gators thats whats up. Have the crunkest med school parties ever. Then I would open a series of non-profit clinics.
I thought the same thing thats how i know i'm not making the wrong decision.
If you won the lottery I really doubt you even could be a doctor. People would be coming to your practice just so they could claim a bad outcome and sue you. Lottery winners are huge targets for litigation, extorsion, robery, and even kidnapping. Their stories thend to end badly.
Either give it all away in a lump sum or get used to living like a Kennedy with compunds and private security.
Either give it all away in a lump sum or get used to living like a Kennedy with compunds and private security.
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Exactly....its very rare peoples lives are improved by winning the lottery, if ever. A study was done a few years ago, above $50,000 per year in income your happiness in life doesnt change.
But if I won Id just pay a lawyer to a 5% cut to cash the ticket in, set up a trust and nobody ever know I won it.
I don't know... I'm quite certain that I would be more qualified to be happy while making 300k per year in opposition to 50k.
That 250k difference allows for plenty:
1) Nicer home/neighborhood.
2) Less worries of financial matters (i.e. kid college fund, retirement, "gee, I hope I don't have any car trouble this month", etc)
3) Instead of going to myrtle beach for the annual summer vacation, heading off to the Caribbean/Europe would be no biggie.
4) Support recreational hobbies that can get a little expensive on only 50k/year (i.e. sailing, flying).
etc. etc. etc.
However, if you piss away the entire 300k salary and are in debt, you're no better off than the 50k guy.
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D
deleted357625
hell no....
Edit: Somebody beat me to this. I didn't read the whole thread. >.<
You can hire a lawyer to accept the money for you. The lottery commission would never know who it was eventually going to. Setup a trust, either administered by yourself or by a trusted accountant, and you are good to go. Nobody would ever know you had any money what so ever unless you wanted them too (except the government).
You can hire a lawyer to accept the money for you. The lottery commission would never know who it was eventually going to. Setup a trust, either administered by yourself or by a trusted accountant, and you are good to go. Nobody would ever know you had any money what so ever unless you wanted them too (except the government).
D
deleted357625
id still wanna work regardless, id get bored.
NO. I would spend that time with my son.
Definitely would not be a doctor.
Probably would get a different degree and start a health advocacy group / massive homeless foundation.
Probably would get a different degree and start a health advocacy group / massive homeless foundation.
If I'd won the cash before starting med school there is no chance in hell I would've gone through with it. I probably would've quit during M1 if I'd won it then. Now, I'd finish up med school - why not when you have the easiest and most fun year to go? - but I'm not certain I'd do residency.
I'm graduating med school and I definitely would still go into my profession if I won the money. Nothing would change, except I'd pimp my stethoscope
Anyone saying they'd get bored, especially premeds, with $100+ million has probably never lived life or currently lives a boring life right now and doesn't know what it feels like to actually have fun.
Now I know what they mean when they say "starry-eyed premeds," lolwat...
Now I know what they mean when they say "starry-eyed premeds," lolwat...
I never thought about it like that... That kind of sucks, honestly. But I guess one could find a way to live a fulfilling life with millions and millions of dollars at their disposal 🙄
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I like this idea, but north dakota? I'd put it on some wooden ship then sink it off the coast of a remote island. Then they'd REALLY have to work for it
It was a household income of 75k, but thats a good idea use the lawyer. If i won that money i would create a pill to unlock the full powers of my brain like "limitless",learn everything about everything and take over the world muhahahah
I'm a 3rd year so I would probably finish school and get my MD but I wouldn't do residency.
Not sure what type of career I would look for but it would still involve medicine, it just wouldn't be one where I had to work as hard as physicians do. Medicine is very interesting but I'm not working 50+ hours a week in the conventional fashion if I don't have to.
A similar question came up recently with a group of residents: How much would it take for you to give up medicine on the spot?
The answers, from people ranging from interns to seniors on their way out, included figures as low as, "just enough to pay off my loans," to several in the $2-5 million range, and all from well-adjusted, generally happy residents who enjoy the program and the field. Some had higher thresholds, but there was no one without a semi-reasonable number.
Funny how perspective shifts after a few years.
The answers, from people ranging from interns to seniors on their way out, included figures as low as, "just enough to pay off my loans," to several in the $2-5 million range, and all from well-adjusted, generally happy residents who enjoy the program and the field. Some had higher thresholds, but there was no one without a semi-reasonable number.
Funny how perspective shifts after a few years.
I am the same way, probably because I am almost always busy and I am broke so even when I have time to do stuff I don't have the coin to do it.
I like your plan.
I like the scholarship idea too.
I am more of a Lily Cole man myself.
Very smart.
Why not may NASA some coin to send it to Mars next time they send a probe there? How is that for work?
