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I won the lottery, again!

LJ needs a better search function, because I remember posting how I won $3 from the lotto texas, by getting 3 out of 6 numbers right.
Well, today I found out I got 4 out of 6 numbers right, which gives me $52.

So actually I'm ahead in the lottery game :) I occasionally buy a ticket when I fill up on gas, though not always. And some other times too.
5 out of 6 pays out in the thousands, and 6 out of 6 in the millions. When I do win millions of dollars, I'll probably keep it private ;-) If I suddenly have a nice expensive car and buy a house in Hyde Park, you may start suspecting.

Super logical Andy makes fun of me for buying lottery tickets, but for a dollar I can dream about what I could do if I had the money. A housing co-op in Hyde Park that has weekly housecleaning, a new car, my whimsy foundation -- one that exists to give people money to do whimsical things... like make-a-wish but not necessarily for people who are dying.

And so far I'm ahead, and someone's gotta win, and I've been winning ;-) and I'll win!

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( 14 comments — Leave a comment )
angelinger
May. 28th, 2009 03:47 pm (UTC)
oh my god, the whimsy foundation! i would totally start one of those if i secretly won the lottery.
ripresa
May. 28th, 2009 03:56 pm (UTC)
i've been toying with the idea of just starting one anyways. even if we start with seed money of just $1000, that's.. at 5% interest, $50 a year we can give to someone..
We'll start with small whimsical wishes.. like buying champagne, or fancy chocolate.

And then when we have more money.. flight tickets, air gliding, art projects.

And then when we really have a money, fulfill crazy wishes like being in orbit, or building a house made of gingerbread, and things like that.

Yay for someone else excited about it!!
angelinger
May. 28th, 2009 04:08 pm (UTC)
it's an incredible idea. like micro-loans to enhance the awesome in the world, with returns going to fund even more awesome. i love it.

some other immediate thoughts:

what if the foundation didn't ask for interest w/ repayment in return but rather a pay it forward system? get a grant from the whimsy foundation - build amazing art, do something you've always wanted to, etc and pay it forward by sharing that joy with another person? or sharing a skill?

could this be a legit 501(c)3 that could accept outsider donations?

ripresa
May. 28th, 2009 04:58 pm (UTC)
Actually, it would be free, no strings attach cash awards. Maybe an essay or pics afterwards to put in the webpage.

What I meant for interest is that for the foundation to be self-sustaining, we can only give money made from the interest. Let's say we raise $10,000 and put it in an investment, if it returns 5% a year, that means the foundation has $500 a year to give away, forever. I think that's how foundations work, so they last in perpetuity. If we raise $100,000 then we would have $5000 a year to give away. I know it sounds like a lot of money to raise, but I think it's actually possible to do over a span of a few years.

But yeah, definitely a non-profit. We would have to have fund-raisers and stuff.
angelinger
May. 28th, 2009 05:03 pm (UTC)
ah, yes, i like that idea even better! we should talk about this some more when my brain has had time to recover from flipside. :)
dnivie
May. 29th, 2009 06:33 am (UTC)
Foundation
Right.

To make a foundation "eternal" you need to spend no more than the interest accrued, minus inflation.

For a foundation whose money just sit passively in one (or a few geographically diverse if it's large) index-fonds, this tends to mean they can give out 4-5% of their capital every year, forever.

Your whimsical foundation sounds like fun, if you decide to do it, give us a hint, may want to toss in a little.

preservationgal
May. 28th, 2009 03:47 pm (UTC)
W makes fun of me for buying lotto tickets too. I only do it occasionally, and I love how much fun it is to dream about what I'd do with the money.
peteyfrogboy
May. 28th, 2009 04:00 pm (UTC)
I always justify my lotto tickets by remembering that the lotto helped put me through college. Pay it forward, right?
preservationgal
May. 28th, 2009 04:48 pm (UTC)
I justify it by thinking of all the things I don't do anymore with small money, like go out to bars.
medryn
May. 28th, 2009 07:08 pm (UTC)
Unfortunately your continued participation in the lotto will decrease your probability of remaining ahead, due to the law of large numbers.
ripresa
May. 28th, 2009 07:28 pm (UTC)
Tsk tsk. But I don't believe in a black and white, purely logical world. That's where I differ from Andy and you.
wenchalicious
May. 28th, 2009 11:46 pm (UTC)
Heh. I thought your whimsy foundation was somehow related to your house.
preservationgal
May. 30th, 2009 03:23 am (UTC)
Do you pick your numbers or do you get random lotto tickets?
ripresa
May. 31st, 2009 03:39 am (UTC)
usually just random. sometimes i choose numbers
( 14 comments — Leave a comment )

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