£10 million lottery winner blows fortune, in debt

In the Lion Kingdom, females will often go out and hunt, bringing back the prey to the lone male. And of course he has his work cut out for him in terms of reproduction. Poor tired fella! Well, when we look at social conditions, economic conditions, trends, and of course alternative lifestyles etc.  we may be gaining a view of reverse harems! It's not so hard to figure what to do! Well.!!!!!!!!!!!!!  Will this change abruptly, if at all? In process of time like everything else. Be like water, go with the flow!!!

Oh and I forgot that the media actually has covered women who blew millions they came into.  I think one of the daytime talk shows had a few of the women who had lost a close family member in the 9/11 attacks and how some of them went on wild spending sprees and blew ALL of the money they had gotten from that Victims Fund (some blew the entire 1.5 million in addition to the proceeds they got from private life insurance, group insurance and their deceased spouse's 401k).  So no gender is infallable when it comes to properly handling money.

No problem ... I thought it was a good article as well... had to share it. Hope it helps others re-think how they might handle a lottery win should it fall in their hands.

The thing that gets me about alot of these big winners is how much money they give away.  I don't understand why people do this.  If I win, I don't plan to do this.  If anyone asks me for money, they aren't getting any, period.  Alot of the people they give money to probably wouldn't give them $5 to buy a fast food lunch if they were broke.

The way I look at is if would these people want to be around me if I didn't have the money?  That question needs to be asked by alot of people who have anything nice, whether it be a nice car, big house, inground swimming pool, money, etc., would these people who are hanging around now still be around if it's all gone?  I find 95% of the time the answer is "NO."

Just my opinion.

what do you mean i don't get you..

i went to the bank and they told me that for 1 million dolllars i will get 41,000 dollars yearly at 4% interest rates...so if i have 20 million i will get 820,000 a year....plus the tax...I don't know where you get the 100,000 a year...

i often tell people i wont buy a house, or car ill own a car hjire company and property company. limited loability of course. then when some jhackass thinks " theres that multu mull;ion dollar lotto winner, ill bounce of his car and sue " well go ahead it aint my car.

just some company with limited ibnsurance, same as a bozo clinbing ya fence and getting hurt falling on ya spiked garden ornaments.

too bad pal i dont own the place in just leasing.

 but well i do tend to be a bit paranoid

Sorry to burst your bubble.. but all women do not lie about what is spent at the stores.   I don't and I am sure there are others too.  I earn my own money, so it doesn't matter how many pairs of shoes I have.   The shoes are only part of my outfits I wear to work.  Women care about how they look when they leave the house.  It wouldn't bother me if my husband had 20 pairs of shoes, as long as he looked nice.

My husband and I don't blow money.  You wouldn't see us in the shape this couple is in after a huge win.  We would continue to travel as usual before the win.   We would continue to cook good food here at home.  No fancier clothes than what we already wear.  No new sports cars.

You never know until you win.  Money changes people.  I think it is best to get lots of professional advice before making a big buy.  I like the idea of spending the interest only from a large jackpot.(mega cash 100,000,000 x .05 = 5 million.   After taxes 3 millon.   About 250,000 per month ) 

250,000 

Get an allowance = $5000 per week - $20000 a month (me) and wife gets $7000 per week $28,000 

$102,000 for household expenses. 

Put the remaining 100,000 into another interest saving fund stort term ( 6 month CD ).   

The mistake he made was going public with his win. The UK lottery allowed winners to remain anonymous, while they like winners to go public, it is good publicity for the lottery. I think winners are crazy to go public.

Sheesh...another moron blows it all. All he had to do was invest in a money market account @ 4.5%, which comes to 450k a year, which is 37.5k a month. Any bozo who can't live off almost 40k a month needs an ass whooping.