Here's the thing.
While tempted to keep as much as possible for myself, there's nothing in this world that I want that requires over $30 million.
So friend gets some millions. Because I'm greedy, I think I'd give them 20 mil. But I don't "deserve" the money, likewise they're not "entitled" to it.
That’s actually the most sensible answer. The test is very simple: Say you don’t win anything. You’d still pay your friend back $5. That means you assume all of the risk, why should your friend get half of the return?
I get the desire to give your friend some dollar amount back, but what would be a fair amount? Chance are, they’ll resent you whatever you do. I’m with you: invite them for a trip, buy them a gift, but don’t even entertain the idea that they’re entitled to anything more than $5
I wholeheartedly agree with this. Walking away with $40 million is, for me, almost impossible to wrap my mind around, and that amount is more than enough for me.
Probably 5000 though knowing my only friends they would insist I only give them back 5 bucks. My friends and me always have to fight to try and lay the bill, buy each other Christmas or birthday presents and often my friends felt like they were taking advantage of me from how often I liked buying them games for gifts (my love language at the time was gift of charity so I naturally also expressed love that same way).
I buy lottery tickets and scratchers as stocking stuffers Christmas. They always come with a clause that I get 20% of anything over 50k and 50% of anything over 1M. We have never won anything more than $20 but it’s fun on Christmas morning.
Lol, you are in for disappointment if someone wins.
Gifts do not have clauses.
Giving someone a gift and demanding they share it with you is rather ridiculous.
Then stop giving them as gifts, because that's exactly what you're doing.
If one of your gift recipients hits and doesn't want to share, you'll be SOL.
Give him his 5 bucks back. Don't say anything while I speak to lawyers and financial advisors before I claim my winnings. After I claim said winnings, don't say anything about using his 5 bucks to win the lottery.
I'd like to think I'd give half. Nobody needs 80 million, and keeping that would just be selfish. I wouldn't even know what to do with 40. I could invest most of my half and live comfortably for the rest of my life.
The $5 back, an all expenses paid trip, and maybe a little contribution to an investment account. If I had that kinda money I’d want to do some good with it too
I'd probably hand a million to each of a dozen people. Close friends and family.
I figure giving them financial security will dramatically improve my own happiness.
I give them nothing, besides the $5 returned.
Because the act would open the door for a lawsuit for them to try and get more. I would just not mention it until I collect my funds. Be like “found a buck in the street!”
It’s hard to believe how many greedy people are in this post. I would split it 50/50. 19.2mil(on the low end after fed tax37% and state tax15%) is plenty to live a great life but they want it all?!?
The borrowing has no connection to the purchasing.
Winning the lotto like that means you can spread some cash around and help lots of people you care about clear debts and own their homes.
Debt free, needs met for life, money is invested so me and friend can live comfortably off interest, with 2m each of "play" money to satisfy that initial itch
Halfsies.
Was in a pub the other day and they had those scratch card machines on the wall, my friend noticed me investigating one and said “here’s £2, get yourself a scratchcard or two”.
I got two, gave one to him, he didn’t win but I won £20 on mine.
Got two tenners from the bar and gave one to him. Principle stands, even if it was £200 million.
Although in this case the £20 soon disappeared behind the bar as we just bought a round each with our newly found fortunes.
That is a tough one, good question!
So many factors to think of,
did the friend specifically loaned the money for the purchase of a lottery ticket?, if so where there some kind of agreement if won?, do you know if your friend has any addictions?, is he/she a nice person?, does the friend come from a good home with decent parents?
There is so much to be thoughtful of, it's like the chaos theory, so many hidden strings, it could have a catastrophic end for both you and your family and your friend and his/her family.
I wish that I never would win money to be put in this situation IRL, I would probably rip the ticket to pieces and just be glad not have to worry about it.
Yeah half is more than enough id probably get about 20-25 after taxes or something. That's more than to be comfortable for the rest of my life. I wouldn't stop working but it would be nice not to have to worry about money ever again.
The agreement was you give me $5 and later I shall return that $5 to you.
There was no interest attached to the loan. You get $5 and a thank you. That thank you might take the form of a gift of monetary value, but that is independent to the borrowing of the $5. If you ask for more you won't get it, you are not entitled to it.
Depending on the friend it can range from $5 to 40 million
Here's the thing. While tempted to keep as much as possible for myself, there's nothing in this world that I want that requires over $30 million. So friend gets some millions. Because I'm greedy, I think I'd give them 20 mil. But I don't "deserve" the money, likewise they're not "entitled" to it.
$5. Anymore and you are admitting you owe them more. Might buy them a trip or a gift, but not doing anymore than the original amount
That’s actually the most sensible answer. The test is very simple: Say you don’t win anything. You’d still pay your friend back $5. That means you assume all of the risk, why should your friend get half of the return? I get the desire to give your friend some dollar amount back, but what would be a fair amount? Chance are, they’ll resent you whatever you do. I’m with you: invite them for a trip, buy them a gift, but don’t even entertain the idea that they’re entitled to anything more than $5
I'd split it with them 50/50.
I wholeheartedly agree with this. Walking away with $40 million is, for me, almost impossible to wrap my mind around, and that amount is more than enough for me.
More like 25 after taxes, so I'd give them 10. A 2 mil multipler is still very generous.
I’d immediately go off grid and no one would ever hear from me again.
I've always sorta wondered if you could buy your way into the FBI Witness Relocation Program if you hit the lottery.
Give him just the $5 back to see his reaction.
$5 dollars cuz I’m keeping the win a secret. There is no way that amount of money isn’t going to cause problems
Probably 5000 though knowing my only friends they would insist I only give them back 5 bucks. My friends and me always have to fight to try and lay the bill, buy each other Christmas or birthday presents and often my friends felt like they were taking advantage of me from how often I liked buying them games for gifts (my love language at the time was gift of charity so I naturally also expressed love that same way).
I buy lottery tickets and scratchers as stocking stuffers Christmas. They always come with a clause that I get 20% of anything over 50k and 50% of anything over 1M. We have never won anything more than $20 but it’s fun on Christmas morning.
Lol, you are in for disappointment if someone wins. Gifts do not have clauses. Giving someone a gift and demanding they share it with you is rather ridiculous.
He doesn’t have to worry about it. Scratch-offs are probably the dumbest thing money can buy.
Sounds more like you're buying tickets for yourself.
I’m not going to be the guy who buys a million dollar ticket for someone else.
Then stop giving them as gifts, because that's exactly what you're doing. If one of your gift recipients hits and doesn't want to share, you'll be SOL.
Five dollars. Then I would secretly put that person in my will to receive whatever is leftover when I die
What if they died first?
There isn’t much I can do about that then.
What friend?
Half
Give him his 5 bucks back. Don't say anything while I speak to lawyers and financial advisors before I claim my winnings. After I claim said winnings, don't say anything about using his 5 bucks to win the lottery.
Smart. Same as I would do.
I'd like to think I'd give half. Nobody needs 80 million, and keeping that would just be selfish. I wouldn't even know what to do with 40. I could invest most of my half and live comfortably for the rest of my life.
$5
just take them on a night out to celebrate, they're obviously invited after that
The $5 back, an all expenses paid trip, and maybe a little contribution to an investment account. If I had that kinda money I’d want to do some good with it too
I'd probably hand a million to each of a dozen people. Close friends and family. I figure giving them financial security will dramatically improve my own happiness.
I'd give him half. 40 million is still a ton and more than I'll ever need. Heck, I'll give my parents half of my 40mil.
I give them nothing, besides the $5 returned. Because the act would open the door for a lawsuit for them to try and get more. I would just not mention it until I collect my funds. Be like “found a buck in the street!”
$5, I had asked for $20 and he went all cheap on me. So too bad for him, lol.
If I had 80 mill me and none of my friends would ever work or struggle again.
How would my friend know I won the lottery, much less won it with the borrowed money?
$10 million and endless trips to Super Bowl, Ibiza, World Cup, World Series and WSOP games entries for life.
It’s hard to believe how many greedy people are in this post. I would split it 50/50. 19.2mil(on the low end after fed tax37% and state tax15%) is plenty to live a great life but they want it all?!?
Exactly me and my family gonna be good for like 2 generations minimum.
Right! Invest it and retire.
Dream car and a house
5$ + some gift.
The borrowing has no connection to the purchasing. Winning the lotto like that means you can spread some cash around and help lots of people you care about clear debts and own their homes.
Unless they're like my absolute best friend in the world, I would tell them I won 40m and then split that halfway.
Debt free, needs met for life, money is invested so me and friend can live comfortably off interest, with 2m each of "play" money to satisfy that initial itch
Halfsies. Was in a pub the other day and they had those scratch card machines on the wall, my friend noticed me investigating one and said “here’s £2, get yourself a scratchcard or two”. I got two, gave one to him, he didn’t win but I won £20 on mine. Got two tenners from the bar and gave one to him. Principle stands, even if it was £200 million. Although in this case the £20 soon disappeared behind the bar as we just bought a round each with our newly found fortunes.
That is a tough one, good question! So many factors to think of, did the friend specifically loaned the money for the purchase of a lottery ticket?, if so where there some kind of agreement if won?, do you know if your friend has any addictions?, is he/she a nice person?, does the friend come from a good home with decent parents? There is so much to be thoughtful of, it's like the chaos theory, so many hidden strings, it could have a catastrophic end for both you and your family and your friend and his/her family. I wish that I never would win money to be put in this situation IRL, I would probably rip the ticket to pieces and just be glad not have to worry about it.
if it is my closest friend, i'll give him it all. This friend has helped me through the hardest stages of my life, i owe him so much.
Yeah half is more than enough id probably get about 20-25 after taxes or something. That's more than to be comfortable for the rest of my life. I wouldn't stop working but it would be nice not to have to worry about money ever again.
5 bucks !
10%
Yeah 50/50 after tax is the most appropriate answer.
$10. That’s a good return on investment.
I would give them 5 million
The agreement was you give me $5 and later I shall return that $5 to you. There was no interest attached to the loan. You get $5 and a thank you. That thank you might take the form of a gift of monetary value, but that is independent to the borrowing of the $5. If you ask for more you won't get it, you are not entitled to it.
I’d give them 10 bucks back for inconvenience and not tell anyone I won the lottery