It's a big difference, one is a gift and the other isn't.
How good a friend are? You borrowed 50 bucks from a friend and played the lottery and won 80 million...how much will you give your friend??
- Thread starter geechiedan
- Start date
Why is a 50/50 split a bad idea??
Why should that matter tho...the question is how good a friend are you...in this scenario a the best outcome is to split the winnings 50/50 which means you still walk away with 40 million...nothing to sneeze at.
Would that be palatable to you? If not Why not??
Because a gift is different than a loan, & that's what we're talking about. Not the variable of how good a friend someone is, because everyone has different ideas about friendship.
That's why it's worded loan and not gift or gave.... it's looking at how good a friend one is.
I'm trying to examine when and where greed kicks in and why the idea of equally splitting a ridiculous amount of money with someone you presumably care about is not a good idea?
I'm finding most people are greedy but are uncomfortable admitting it and that's why they add details or try to change the circumstances to allow them to be OK with literally hoarding more money than they've ever seen in one lump sum before.
Would YOU do that?
I agree with this.
Again, your viable is the word "friend," not everyone views friends the same way; some view them as family and some view them as people at the margins of their lives. I think that where your reasoning goes wrong. & I was only addressing the loan vs a gift while you're making assumptions that everyone has the same ideas about what a friend is.
The issue isn't how you view friends it's how good a friend are you. Understand you can do whatever you want keep the whole 80 million and give them nothing if you want its an option in the poll.
I just wanna know why splitting equally is a bad idea?? ...no one has answered this question.
You're not obligated to do anything but why is splitting equally not an option?
It's not money you earned in fact it's 80 million you essentially got for free since you spent the money you friend loaned you. 40 million is still generational wealth building and it would do the same for you friend.
Would that be palatable to you? If not why not?
Homie, this is all predicated how you view the idea of friendship; again, everyone views friends as something different. A good friend to me may not be a good friend to someone else. You're making a blanket assumption about that everyone has the same ideas about friendship.
I'm not assuming anything..the scenario is you borrowed 50 bucks from a friend...with that money you buy a lottery ticket and hit the jackpot taking home 80 million after taxes (I say after taxes to avoid all the wrangling about that). You have 80 million to yourself. You can pay back your friend and one option is to split it equally 50/50 which still leaves you very rich.
My question is why do YOU FEEL like an equal split of 80 million dollars NOT a good idea?
I brought the ticket and we didn't have an agreement about how I was going to use the money. Nonetheless, I will have to give my brother a lick because he gave me the money. Shit, I might even give him a million or more. But half, nawh bruh, not going to happen.
I really think you forgot what you said, this is all based on friendship and what your idea of what a friend is. & again, everyone doesn't have those same ideas.
I underlined what you said:
Ok...but why not?
Because I wouldn't be obligated to do so. Even my brother would understand that. The right thing to do is to give him something for helping me. The $50 don't equate to 40 million dollars. The blessing was given to me, now it is my responsibility to share the blessings.
Ok reverse it...you're friend wins and wants to split equally with you...do you think he's foolish for doing that?
I have been experimenting with AI software and this is the full computer generated response to your question @geechiedan as interpreted by a machine
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There are still several reasons why it might not be a good idea to give a friend money if you won the lottery, even if they lent you the money to buy the ticket. Firstly, giving a large sum of money to a friend could put a strain on your relationship. Your friend may feel obligated to you or may feel like they can no longer be themselves around you.
Additionally, giving a friend money may not be fair to other friends or family members who may not have received anything. It could also lead to resentment or jealousy among your social group. Furthermore, giving a friend money may not actually solve their problems or improve their situation in the long run.
It may be better to offer them support and guidance rather than a financial handout. Even though your friend lent you the money to buy the ticket, it's important to remember that the lottery is a game of chance and you may not have won if it weren't for their help. In this case, it may be more appropriate to pay your friend back the amount they lent you, rather than giving them additional money.
Finally, it's important to consider your own financial situation and make sure that you are taking care of yourself before giving away any of your winnings.
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There are still several reasons why it might not be a good idea to give a friend money if you won the lottery, even if they lent you the money to buy the ticket. Firstly, giving a large sum of money to a friend could put a strain on your relationship. Your friend may feel obligated to you or may feel like they can no longer be themselves around you.
Additionally, giving a friend money may not be fair to other friends or family members who may not have received anything. It could also lead to resentment or jealousy among your social group. Furthermore, giving a friend money may not actually solve their problems or improve their situation in the long run.
It may be better to offer them support and guidance rather than a financial handout. Even though your friend lent you the money to buy the ticket, it's important to remember that the lottery is a game of chance and you may not have won if it weren't for their help. In this case, it may be more appropriate to pay your friend back the amount they lent you, rather than giving them additional money.
Finally, it's important to consider your own financial situation and make sure that you are taking care of yourself before giving away any of your winnings.
Lottery winners don't go broke my buying houses and boats. They go broke because they don't pay their debts. In fact, many of them acquire even more than they did before they won!
Because of that I'm giving my friend his $50 back. I'm also paying back every other person that institutional I owe money to.
I might give him more later, but first I got to get all my red ink off the books..
Because of that I'm giving my friend his $50 back. I'm also paying back every other person that institutional I owe money to.
I might give him more later, but first I got to get all my red ink off the books..
"Better to offer support and guidance?"
Are you kidding me!
Of course you're going to offer support. Whether you have $80 million or $8 to your name. That's friendship 101.
Guidance? How does winning money give you the ability to guide anyone on anything?
If being rich was all you needed to offer guidance Steph Curry wouldn't have made those FTX commercials.
Hey man, you saw my disclaimer. It was written by A.I.
But you most definitely could offer advice though. "Don't depend on me nigga!" and support? Sure. "Man, I remember when I was broke like you. Keep your head up fam and keep it positive"
But the idea of splitting equally is a no go?...if so why?
Let me put it this way. If I borrowed that $50 from Money Mart should I give them $40 million?
Suppose the money comes off of my paycheck. Should I give my boss $40 million?
Principles aside, if I give my friend the $40 million he "deserves" how many of my other friends are going to come out of the woodwork because one of the numbers I used was their age? Or maybe one of them prayed for me at church last Sunday? Maybe my 1st grade teacher sticks her hand out for teaching me how to count.
Finally, if this friend comes around talking about how I owe him, or even worse, takes me to court I know to cut him off immediately!
I would still help him out of course, but I would do it my way. Take the money, smash my phone, take a flight to a small isolated Caribbean island. I'm not returning into the United States until somebody else wins a jackpot.
In the meantime, I would be in constant contact with an attorney and financial planner. Together we would work out a strategy on how to do the most good for selected friends and family members. They would then receive a letter from my attorney letting them know I'm alive and well and will be reaching out to them shortly.
And exactly what do you think the debt is accumulated from buying?
Doesn't matter. It's poor money habits that get them.
I find the responses fascinating. I would still help him out of course, but I would do it my way.
Whats your way??? doling out the money in small increments? Just enough to make your conscience feel good?
A person can do whatever they want.. I'm trying to look at and examine greed and why giving half of a substantial amount of money to a friend is a bad idea. You have 80 million and give a friend half and so far MOST people responding find that a bad thing!
so far all the opposing answers are
its entitlement
no legal compelling reason
opens one up to some level of danger
no moral obligation
mind you we're talking about giving a friend AS MUCH AS YOU HAVE..no more...half of 80 MILLION.. money youve never had before. This just between you and your friend NO ONE ELSE...no family no notoriety no outside pressure.
Youre FRIEND loaned you money to help you and in doing so enabled you to become a multimillionaire with generational wealth. And you have an opportunity to in turn give youre FRIEND half the winnings enabling HIM/HER to have exactly the SAME THING you have....generational wealth. Youre STILL very rich. Literally NOTHING in your life going forward as rich person has been altered by doing this.
YET...the overwhelming response to this option is NO! I WILL NOT ENABLE MY FRIEND TO BECOME WEATHLY AT THE SAME LEVEL I'M AT.
why not???? why does splitting 80 MILLION with a FRIEND 50/50 FEEL wrong to you??
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Just admit what you said doesn't make sense and move on.
Buying shit, shit includes "Multiple houses, boats, cars, jewelry" all is the debt that makes lottery winners go broke.
You said that they don't go broke on that, they go broke on not paying their debts.
Exactly what debts don't they pay?
You never said that your friend lent you that money specifically to play the lottery though.
It could be where they lent you $50 to pay a cell phone bill. It turned out to only cost $45 so you spent the other $5 on tickets.
In that case they're not even going to know it was their $50. So why not just treat them the same as every other friend?
However...
If you specifically borrowed $50 to play the lottery then yes, you should absolutely share the money.
After all, if you're dumb enough to borrow money to buy lottery tickets you're not going to keep it for very long. Might as well give It all away.
Plenty of lottery winners buy houses, cars, boats, and jewelry and still have money left over.
Some have multiple houses that they use as real estate investments.
For cars you might have a Corolla you drive around because it's easy to fix. Meanwhile, you have a Lamborghini for special occasions.
Some of them might buy classic rolexes as an investment that can appreciate up to 10% a year.
Even if you blow half the money you can still invest the other half and come out the other side okay with all your possessions intact.
The real issue is that winners often give away far more than they should. The end up with a bunch of new "friends" who all have their hands out. They also become targets of scams, extortion, and kidnappings.
The other problem is that a lot of these toys cost a lot of money to maintain. Since a lot of winners don't have a monthly income they take out loans and use the toys as collateral. The loans go unpaid and get snatched up.
At the end of the day it all comes down to financial habits.
Actually I said in the 11th post..
but why does or should that even matter...you are a rich person because of the money loaned to you by a FRIEND...not a business or your job. Why does how you spent the money matter? whether you paid a bill and bought a ticket with the change or you spent the whole 50 on a bunch of powerball tix at the end of the day the ONLY way you became rich is thru the generosity of your friend. Who didnt have to loan you money at all.
Also you didn't answer the question..I find everyone is avoiding answering it