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Lottery winner doesn’t live like a millionaire
Huntsville AL United States Member #16820 June 1, 2005 61 Posts Offline |
| Posted: January 3, 2006, 5:15 pm - IP Logged |
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"I've had to. I never had a whole lot of money. My dad worked hard for everything he had, my mom worked, and I've worked since I was 6 years old," she said. When her mom worked in a Canton restaurant, young Fossum would tag along and act as a waitress for customers who got a kick out of their young server. She helped her mother as a waitress
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mid-Ohio United States Member #9 March 24, 2001 10968 Posts Offline |
| Posted: January 3, 2006, 5:39 pm - IP Logged |
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I grew up thinking every body worked even if they weren't born on a farm. I remember at the age of 6 and living in Alabama, I accompanied my mother into the cotton fields and picked cotton. I was too small for the regular bags used by the grown-ups so I used a pillow case. * today's foresight *
was
* yesterday's hindsight *
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Indiana United States Member #29567 December 29, 2005 280 Posts Offline |
| Posted: January 3, 2006, 9:55 pm - IP Logged |
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I think it would be really funny if someone wrote a letter to the editor of the Sioux Falls Argus Leader and took the time to explain to them...politely...that Ms Fossum may have won a million dollars but due to 35% Federal income tax she, in point of fact IS NOT a millionaire so it isn't surprising that she doesn't live like on. By the way...how do millionaires live? Oh Jeeves, peel another grape for me would you please. Jim
Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy. - Groucho Marx
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PA United States Member #23322 October 6, 2005 1839 Posts Offline |
| Posted: January 3, 2006, 10:04 pm - IP Logged |
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She is not living like a millionaire because she is not one, especially after taxes and paying off the mortgage. But millionaires stay millionaires by staying frugal, and taking care of their money. Not lavishly spending it all. Perhaps they read "The Millionaire Next Door? I suppose the media wants you to spend spend spend, and go broke, plus have a ton of other problems along with it. Then they have another story next month...They love Jack.
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Memphis,Tennessee United States Member #8005 October 15, 2004 11302 Posts Offline |
| Posted: January 4, 2006, 7:23 am - IP Logged |
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did it say her name was.......FAT POSSUM?
oops,pat fossum.....
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Bethesda, Maryland United States Member #17193 June 6, 2005 432 Posts Offline |
| Posted: January 5, 2006, 3:14 pm - IP Logged |
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This typifies lottery coverage in the press. There would be no way to retire on 650k in the US. This person was never a millionare through the lottery due to tax and even one million is not enough to even think of retirement unless you already have a large retirement fund and own your house free and clear. If you don't even own a house and have a very small 401k then you had better win a much bigger prize unless by some magical means you are never going to get sick, need nursing care or leave anything to anyone else.
If you don't have a supllemental income and haven't met the medicare age, you will be walking on dangerous ground. Maybe in the mountains of Kentucky, or a remote area of New Mexico or Texas, never in NJ/NY area. Taxes, electricity, fuel and gas prices would put you in the bankruptcy courts. HAPPY THURSDAY "CHEWIE" LOLOLOL.....YOU must be referring to the high cost of living.& housing........ In that case don't leave out MARYLAND, VIRGINIA, &WASHINGTON(DC)......LOLOLOLOL And that's even if you are on Medicare & SS......
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United States
Member #380
June 5, 2002
11297 Posts
Offline
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| Posted: January 6, 2006, 4:12 pm - IP Logged |
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PowerPlay is not that new, despite the wording in the article. It began nearly five years ago.
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