how to improve yourself in trucking ?

Discussion in 'Questions From New Drivers' started by Omega7777, Oct 20, 2018.

  1. Omega7777

    Omega7777 Medium Load Member

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    not sure but if the prize is this big, it is better to do a lump sum if you know how to manage and grow it ;)
     
    gokiddogo Thanks this.
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  3. SteveScott

    SteveScott Road Train Member

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    If a single ticket won and they took the 29 year annuity payments, it would be over 55 million a year before taxes. That's more than enough to figure out money management and build a nest egg for your descendants for a few generations to come. After taxes you would still get 30+ million a year, and if you can't live on that, something is wrong.
     
  4. McUzi

    McUzi Road Train Member

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    But, you'd be banking on the funds being there from the state run lottery in the future. With Federal/State/Local spending habits of the last few years, I wouldn't trust it. Lump sum for me no matter what the total take home is, claimed via a LLC and entrusted with a fiduciary wealth manager.
     
  5. gokiddogo

    gokiddogo Road Train Member

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    Even if the lump sum is only 50% if you figure the average return at ~7% you will double it every ~10 years. So in 30 years you'd have a lot more than the slow pay option.

    And daddy needs his castle now. Not next year or the year after that.
     
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