Feb. 19, 2014 – Tonight’s Powerball jackpot is worth a whopping $400 million, with a cash value of about $230 million. That’s a lot of cash even after taxes, and that kind of money doesn’t just burn a hole in your pocket, it burns your pants right off (that’s ok, you can afford new ones).
Each time the Powerball or Mega Millions jackpots reach staggering, record-busting values, financial advice columnists everywhere suggest a cautious, careful approach to handling that kind of money – they even say to hand it off to a team of financial advisers.
No, thanks. I’ve been dreaming of hitting the jackpot forever, and I intend to live out all those dreams (ok, maybe I’ll put $10 or $20 million aside).
How would you spend your jackpot? Everyone says they’d buy a new car or a new house, but let’s think big. Like, for example, my own dream of never having to endure winter again – a true Endless Summer.
Flights to Australia cost between $1,500 and $2,000 right now, which means I could leave the U.S. at the first sign of cooling temperatures and never even think of snow.
With about $100 million in the bank, it would be 50,000 years before I ran out of flight money, so an oceanside home would be in order too – make the most of winter.
A part of everyone’s jackpot dreams is spending money on ridiculous things that no sane person would consider buying. Like, perhaps, this 85-inch 4k television that costs about $40,000
Or you could set yourself apart by getting your hands on something nobody else has, like one of the 39 Ferrari 250 GTOs made in 1963
Yes, there were 39 made – but each one is a little different because they were hand-built, meaning each of the 39 cars is unique. And, if that’s not special enough to convince you, buying one will also give you bragging rights for owning the world’s most expensive car – one of the cars sold last year for $52 million.
Winning tonight’s Powerball jackpot would free up a lot of time in your life, assuming that you’re not insane and you quit working like you should.
Polo, to many of us, simply means “rich people on horses playing croquet”. If you win, it could be your new hobby, though! Buying a horse will only run you a few thousand dollars, learning to ride will take some time, and before long you’ll be carting your Polo Pony (that’s actually what horses used for polo are called) to all the hottest hangouts.
Life in the lap of luxury is slow. No need to hurry when you’ve got more money than a team of credit-card wielding teenagers could spend in a month (maybe). No work, no money worries – sounds like vacation all the time.
Personally, I think the journey is half the vacation. The only way I would like planes is if they had glass bottoms (which may or may not be in the works) so, should I win tonight’s jackpot, the global railroad industry will also hit the jackpot.
There are nearly 1 million miles of railroad tracks in the world, and for a few thousand dollars per trip you can enjoy the scenic route all the way across the globe.
Of course, not everyone dreams of spending money on ridiculous things. Some people just want to win the jackpot and keep working, letting those finance gurus handle their cash for them.
That’s fine, I guess. Be boring. But, if I win $400 million tonight, expect some great headlines, I’ll be spending in spectacular fashion.