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Getbig Main Boards => Gossip & Opinions => Topic started by: Devon97 on May 20, 2013, 02:43:15 PM

Title: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 02:43:15 PM
(http://static4.businessinsider.com/image/5198feee6bb3f79313000000-525-512-400-/screen%20shot%202013-05-19%20at%2012.33.19%20pm.png)


http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5 (http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5)


Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Childish///AMG on May 20, 2013, 02:49:40 PM
Hope she had "Fun" before she lost it
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Marty Champions on May 20, 2013, 02:57:54 PM
she god dem speakuz ad least dough  :o
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: bradistani on May 20, 2013, 03:06:09 PM
most big lottery winners blow it all
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: BDsauce on May 20, 2013, 03:11:57 PM
Guess the race
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Psychopath on May 20, 2013, 03:14:30 PM
Low IQ degenerates make my blood boil.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Costanza on May 20, 2013, 03:16:32 PM
Donk.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Parker on May 20, 2013, 03:16:53 PM
(http://static4.businessinsider.com/image/5198feee6bb3f79313000000-525-512-400-/screen%20shot%202013-05-19%20at%2012.33.19%20pm.png)


http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5 (http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5)



dumb, a great investment that Escalade is. It's funny how it's the people who tend NOT to be good with money who win---and then go broke.
With 10 mil, you could pay off your bills, have a nice house, have investments, have a nice car or two, have money for your kids college fund, and still live very comfortable.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 03:22:17 PM
dumb, a great investment that Escalade is. It's funny how it's the people who tend NOT to be good with money who win---and then go broke.
With 10 mil, you could pay off your bills, have a nice house, have investments, have a nice car or two, have money for your kids college fund, and still live very comfortable.
True on the first point as people who are wise with money know the odds are against to win but would rather ear it on their own.

False on the second point though. pay off debt, nice house, ( what type of investments do you think a lotto winner is savvy enough to make??lol)
cars, college fund but it would never end there....
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Schnauzer on May 20, 2013, 03:26:47 PM
I'm sure she will find some way to blame it on whitey
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Parker on May 20, 2013, 03:47:57 PM
True on the first point as people who are wise with money know the odds are against to win but would rather ear it on their own.

False on the second point though. pay off debt, nice house, ( what type of investments do you think a lotto winner is savvy enough to make??lol)
cars, college fund but it would never end there....
I know that the people I usually see who get lottery tickets on the regular are poor folks, who want to make it out of the hole, and the elderly---who have the money to spend on lottery tickets.
Now, a person who is not used to having money, and when they win, will go hog wild, like a starving man at a Buffet. Not so much for the elderly people who have lived their lives and know about investments.

I'm sure that there are some lottery winners who had played every now and then, and have investments, and they do it for fun. They probably have sat down with an accountant, and had a spending budget drawn up.
And you might have those rare people who are miserly to a fault.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: viking1 on May 20, 2013, 03:50:04 PM
2,1
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Kwon_2 on May 20, 2013, 04:02:00 PM
Guess the race

Economy Majors of Peace

Investors of Peace

Financial Advisors of Peace
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: anabolichalo on May 20, 2013, 04:25:05 PM
typical "i rather enjoy my money now than look to the future" mentality


Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: NelsonMuntz on May 20, 2013, 04:28:05 PM
I read about this chick several weeks ago, her and her husband are ignorant fucks according to her former neighbors with the blasting of music and tons of other shit.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: tommywishbone on May 20, 2013, 04:37:32 PM
No? Really? She looks so smart & savvy in this photo.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: JediTerminator on May 20, 2013, 04:40:38 PM
No? Really? She looks so smart & savvy in this photo.

that getup looks straight out of Boyz n the Hood
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: 240 is Back on May 20, 2013, 04:41:49 PM
people who earn $10 mil usually know how to keep it.

people who hit the lottery - with a ticket, with a sporting career, with a record deal - often are so full of themselves that they think it'll never end.  They get high on the feeling.  

I'm sure we all see some local "rock stars" who were signed to record deals a decade ago, flew to LA for recording... and ten years later, they're in the bars playing "Last Dance with Mary Jane" for 15 people and driving a 97 Dodge Caravan that keeps overheating.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Roger Bacon on May 20, 2013, 04:42:41 PM
I was watching that 'How the Lotto Changed my Life' show on TLC...  Father and son winners, they went to a Pawn Shop and spent like 5 to 10 grand (can't remember).  They purchased swords and all kinds of dumb shit.

I recently saw on the news that the son or dad is in jail and their both completely broke.  :-X


The lottery is for hillbillies, the odds of winning are too far out and if you do win it's probably not satisfying considering you didn't actually earn the money.  :P
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Nomad on May 20, 2013, 04:45:39 PM
Winning the lottery is almost like a god damn curse.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: BIG DUB on May 20, 2013, 04:52:02 PM
I was watching that 'How the Lotto Changed my Life' show on TLC...  Father and son winners, they went to a Pawn Shop and spent like 5 to 10 grand (can't remember).  They purchased swords and all kinds of dumb shit.

I recently saw on the news that the son or dad is in jail and their both completely broke.  :-X


The lottery is for hillbillies, the odds of winning are too far out and if you do win it's probably not satisfying considering you didn't actually earn the money.  :P

biggest bunch of bullshit i've ever read..
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: anabolichalo on May 20, 2013, 04:53:15 PM
biggest bunch of bullshit i've ever read..
poor people have to tell themselves stories to cope with reality
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: TommyBoy on May 20, 2013, 04:54:07 PM
Jesus. I did the math, and I wouldn't need even that much to not have to work for the rest of my life. That's covering my house, cars, and my kid's college too. House/cars/college paid for? At that point I don't even really need money. My monthly expenses would barely be anything, relatively.  I could work part time waiting tables and still travel on that money alone.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 04:54:42 PM
I know that the people I usually see who get lottery tickets on the regular are poor folks, who want to make it out of the hole, and the elderly---who have the money to spend on lottery tickets.
Now, a person who is not used to having money, and when they win, will go hog wild, like a starving man at a Buffet. Not so much for the elderly people who have lived their lives and know about investments.

I'm sure that there are some lottery winners who had played every now and then, and have investments, and they do it for fun. They probably have sat down with an accountant, and had a spending budget drawn up.
And you might have those rare people who are miserly to a fault.

Yes there are plenty of elderly in this line to play the numbers  ::) ::)
(http://static4.businessinsider.com/image/4f7eeb3f6bb3f74b6100004b-400-300/average-people-have-a-lottery-mentality-rich-people-have-an-action-mentality.jpg)
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: JediTerminator on May 20, 2013, 04:55:37 PM
I was watching that 'How the Lotto Changed my Life' show on TLC...  Father and son winners, they went to a Pawn Shop and spent like 5 to 10 grand (can't remember).  They purchased swords and all kinds of dumb shit.

I recently saw on the news that the son or dad is in jail and their both completely broke.  :-X


The lottery is for hillbillies, the odds of winning are too far out and if you do win it's probably not satisfying considering you didn't actually earn the money.  :P

buy a $2 ticket twice a week. I don't expect to win, but somebody has to eventually, and you can't win if you don't have a ticket. I agree people can go really overboard with it.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Tedim on May 20, 2013, 04:57:40 PM
"Now don't go out and blow it all on some fancy stereo"...oooooops ROTF
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Vince G, CSN MFT on May 20, 2013, 04:58:24 PM
No? Really? She looks so smart & savvy in this photo.

Out of all these people, the lady with the speakers turned out the best.  She was at least smart enough to set aside money for her 6 children in a trust fund when they turn 26.  

Of course, winning the lottery doesn't mean you'll be rich forever.  There's a long line of millionaires that have hit the poor house.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 05:01:21 PM
Jesus. I did the math, and I wouldn't need even that much to not have to work for the rest of my life. That's covering my house, cars, and my kid's college too. House/cars/college paid for? At that point I don't even really need money. My monthly expenses would barely be anything, relatively.  I could work part time waiting tables and still travel on that money alone.

Me thinks tommyBoy isn't too good with numbers.

With all zero debt & all assets paid for you'll still pay:

1) Home insurance
2) Property taxes
3) possible HOA monthly
4) home repairs & maintenance
5) Monthly Auto insurance
6) Annual  tag ad valorem
7) auto repair & maintenance

And that's ONLY auto & home (that you already own) expenses
Doesn't include, phone, healthy insurance, water, power, cable, internet, food, gas etc etc etc.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 05:03:04 PM
buy a $2 ticket twice a week. I don't expect to win, but somebody has to eventually, and you can't win if you don't have a ticket. I agree people can go really overboard with it.

haha sucker.
"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.

"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."

Read more: http://www.businessinsider.com/how-rich-people-think-differently-from-the-poor-2012-8?op=1#ixzz2TsfYKJ12
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Emmortal on May 20, 2013, 05:09:19 PM
Simply put, the lotto is just a tax on the poor and uneducated.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: NelsonMuntz on May 20, 2013, 05:56:24 PM
Even worse in Canada lottery winnings are tax free
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Parker on May 20, 2013, 06:02:49 PM
haha sucker.
"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.

"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."

Read more: http://www.businessinsider.com/how-rich-people-think-differently-from-the-poor-2012-8?op=1#ixzz2TsfYKJ12

I am actually picking this book up...
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Irongrip400 on May 20, 2013, 06:34:03 PM
dumb, a great investment that Escalade is. It's funny how it's the people who tend NOT to be good with money who win---and then go broke.
With 10 mil, you could pay off your bills, have a nice house, have investments, have a nice car or two, have money for your kids college fund, and still live very comfortable.

Because its only poor people who play the lottery. 
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: doison on May 20, 2013, 06:36:25 PM
Out of all these people, the lady with the speakers turned out the best.  She was at least smart enough to set aside money for her 6 children in a trust fund when they turn 26.  

Of course, winning the lottery doesn't mean you'll be rich forever.  There's a long line of millionaires that have hit the poor house.

Well, winning the lotto and not being a funking retard means you'll be rich forever...so I guess there is the "retard" caveat.

Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: G_Thang on May 20, 2013, 06:37:09 PM
I know that the people I usually see who get lottery tickets on the regular are poor folks, who want to make it out of the hole, and the elderly---who have the money to spend on lottery tickets.
Now, a person who is not used to having money, and when they win, will go hog wild, like a starving man at a Buffet. Not so much for the elderly people who have lived their lives and know about investments.

I'm sure that there are some lottery winners who had played every now and then, and have investments, and they do it for fun. They probably have sat down with an accountant, and had a spending budget drawn up.
And you might have those rare people who are miserly to a fault.


You're single.  I can see a person with a family blowing 5 mil or so in a couple of years.  btw, i think that was the pre-tax value of her winnings.  as usual whites are killing her since she is black.

Here's your yahoo, Parker, and this guy was worth $17M before he won:

1. Jack Whittaker won a record $314.9m Powerball jackpot in 2002.
But life since then has been a long list of arrests, lawsuits, broken relationships and even death. In 2007, his then wife, Jewell admitted she wished she had ‘torn up the ticket’.

There are another dozen or so who lost it all but they won between 2-20M pre-tax in the 90s and 2000s.  that money can run over 15-20 years.

There's also a compared CPA, who jacked off about $17M.


 
haha sucker.
"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.

"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."

Read more: http://www.businessinsider.com/how-rich-people-think-differently-from-the-poor-2012-8?op=1#ixzz2TsfYKJ12


three lotto winners were confirmed millionaires before they won, so some aspects of the lotto are no different than a REALLY cheap weekend in Vegas.
 
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Devon97 on May 20, 2013, 06:48:44 PM
I am actually picking this book up...

Good for you. I"m reading the Emyth now and just finished reading The Rishest Man in babylon
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Roger Bacon on May 20, 2013, 06:51:12 PM
buy a $2 ticket twice a week. I don't expect to win, but somebody has to eventually, and you can't win if you don't have a ticket. I agree people can go really overboard with it.

Sorry brah, you're definitely an exception to my hillbilly comment.  :)
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Cold on May 20, 2013, 06:52:01 PM
Everytime I hear some sad news, it's always a negro. Why is that?
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Roger Bacon on May 20, 2013, 06:52:48 PM
biggest bunch of bullshit i've ever read..

I just kind of see it like when we use to use cheat codes on a video game or something.  It made the game fun as hell for like 15 minutes but than you're like "well fuck this".  If you just play the video game without cheating you get hours of steady enjoyment.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Ronnie Rep on May 20, 2013, 07:33:51 PM
Winning the lottery is almost like a god damn curse.
I would like to be cursed like that! There are plenty of stories that have happy endings, they just make boring reading!
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: leadhead on May 20, 2013, 07:59:06 PM
I use to live next to a guy that his brother won 15 mil. The brother was retired and kept a few mil and split the rest between his brother and sister. My neighbor (his brother) retired then also and remodeled his house and bought him and his wife new vehicles. They lived off the interest of the rest of the money along with his pension. So not all of the winners go broke, just the bad money managers.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: jude2 on May 20, 2013, 08:03:55 PM
I could easily live off of the 1 million dollars of dividens each year if invested correctly and never work another day in my like.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: Skeletor on May 20, 2013, 09:10:30 PM
I use to live next to a guy that his brother won 15 mil. The brother was retired and kept a few mil and split the rest between his brother and sister. My neighbor (his brother) retired then also and remodeled his house and bought him and his wife new vehicles. They lived off the interest of the rest of the money along with his pension. So not all of the winners go broke, just the bad money managers.

That is a sensible way to do it. Or 10-25 annual installments which would somewhat regulate available cash and also cost less in taxes compared to the whole amount upfront.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: MikMaq on May 20, 2013, 09:30:35 PM
Because its only poor people who play the lottery. 
Nah there are sensible people that buy lottery however there less than 1 percent of the actual tickets sold. Stupid people love there lotto.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: TommyBoy on May 20, 2013, 09:42:54 PM
Me thinks tommyBoy isn't too good with numbers.

With all zero debt & all assets paid for you'll still pay:

1) Home insurance
2) Property taxes
3) possible HOA monthly
4) home repairs & maintenance
5) Monthly Auto insurance
6) Annual  tag ad valorem
7) auto repair & maintenance

And that's ONLY auto & home (that you already own) expenses
Doesn't include, phone, healthy insurance, water, power, cable, internet, food, gas etc etc etc.

You think I would just have the money sitting there doing nothing? Not collecting on smart investing? Or I only have one home, I don't have others I'd have paid off also collecting rent? Yeah, I'd be set for life. There is absolutely zero ZERO reason I would ever have to work for a living ever again.
Title: Re: $10,000,000 Lotto winner now rides bus to work
Post by: 99 Bananas on May 20, 2013, 10:06:40 PM
I really don't understand why people would drive such an ugly piece of shit. Can't buy class.