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Killer of lottery winner convicted

Topic locked. Last post 10 months ago by emilyg. 15 comments.

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Coin Toss's avatar - shape barbed
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Posted: February 19, 2008, 5:57 pm - IP Logged Bottom

Jack Whitaker and David Edwards aren't women.

There are cetainly women that handle $$$$$ better than they did.  

It's Lotto, not horseshoes or artillery!
close doesn't count!

I sell everything at a loss but make up for it in volume
- Milo Minderbinder, Catch-22

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Posted: February 19, 2008, 7:26 pm - IP Logged Bottom Top

Its possible this tragic story could be made into a movie for the Lifetime network.

ThatScaryChick's avatar - myselfsimis1
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Posted: February 19, 2008, 7:53 pm - IP Logged Bottom Top

Its possible this tragic story could be made into a movie for the Lifetime network.

I could see that happening.

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Posted: February 20, 2008, 1:09 pm - IP Logged Bottom Top

Old SchoolPa---Maybe I am misunderstanding you here, but the statement you made about women is incorrect.   I hope you aren't using TV programs as your only source.  Most reliable financial publications will tell you that, as a rule, woman handle money more prudently than men. When asked, most men & women will talk about Mom and how she kept a warchful eye on the family budget.  The stereotype you bring up is why many people don't believe a woman can run the country and fix the economy. 

Okay...next you mention "high profile women."  You mean like Oprah? (yeah, she's really bad with money. LOL)   How about J.K. Rowling? (another self-made billionaire)  Ever eat one of those Mrs. Fields chocolate chip cookies? There's a woman behind every delicious bite!  I think we've all heard of eBay, right?  But do you know who the CEO & President is?  A woman named Meg Whitman, also a self-made billionaire.  (and the list goes on and on....)

Another example you give (Shaq's wife) is one of those Entertainment Tonight and TMZ stories.  He has a 5 yr $100 million contract.  That doesn't include the millions he gets for endorsements.  The home they shared (with their six children, 4 that they had together) has an estimated value of $32 million.  After 5 years of marriage and giving birth to his 4 children, he ordered an investigation of all the money & property she had accumulated during the marriage and filed for divorce.  Now he's out partying in Miami.  (poor baby!) To me he doesn't look too broken up about the whole thing.  By the way, let's say she did secretly hide his money. This certainly doesn't mean she mismanaged it..quite the opposite in fact.  The reason he wanted her investigated is that she socked away a lot in securities, bearer bonds and offshore accounts.  Smart lady! 

Yes! Mission accomplished!  I knew I would get someone wound up in a tizzy with my comments!  Anyway, I never said there weren't any wealthy women or women who couldn't manage money well.  I am just so glad you didn't mention Suzy Orman...she preaches one thing to the masses but she lives differently from her advice. 

Anyway, I would point out that there are more billionaire men than there are billionaire women.  But I am not trying to make this a tick for tack post.  I do give props to women for holding it down in single households...I was raised by my single mother.  But I also realize that if I were a single father, I would make some different decisions about money than what my mother made in raising me.  Namely I would pluck a single dollar down in any whole life insurance policy for my kid, but I would instead invest a lump sum in a trust and specify that my child could not access it until age 40.  That lump sum investment would be my intent to set up my child's retirement so that my child would be free to pursue whatever profession he/she wanted to without having to worry about what they are going to do when the time comes that he/she cannot work or don't want to work (which is the reason for the age 40 specification).  Oh and I wouldn't exactly call anybody a self made millionaire or billionaire...everyone had help along the way!

Forget the formulas...you only win when you're lucky!Bed

justxploring's avatar - villiarna
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Posted: February 21, 2008, 4:09 am - IP Logged Bottom Top

I would point out that there are more billionaire men than there are billionaire women. 

Duh?  Of course. There is a very good reason for this.  I really didn't plan to get into a debate on this, and I'm not is a "tizzy" about it.  I just said your statement wasn't accurate and that some of your examples were poor.  Example:  Shaq awarded primary custody of his 4 children to his wife (it was his suggestion) while he gets liberal visitations, so he can't possibly think she's irresponsible. 

if I were a single father

Well, you obviously are not!   A single parent is a Mom/Dad, a housekeeper, a nurse, a teacher, a cook... you get the picture.  So now you know what I meant by "there is a very good reason for this."  I suggest you rent the movie Kramer vs Kramer.

I wouldn't exactly call anybody a self made millionaire or billionaire

I disagree. Sure we all get help.  But I gave those above examples because they started out with nothing.  Rowlings was a single mother on welfare.  Oprah was very poor.  I could have listed many more wealthy women who inherited their fortunes.  I can't stand Paris Hilton, but she actually didn't blow any of her inheritance. She knew what the public wanted and gave it to them and turned herself into a commodity.   

I would instead invest a lump sum in a trust and specify that my child could not access it until age 40.

Nah, I won't answer this one! Too silly. However, after you have children and you pay for all the diapers & formula, the orthodontic work, the school supplies, the college tuition, the weddings...then maybe we'll meet back here and continue this conversation. 

emilyg's avatar - cat anm
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Posted: February 22, 2008, 2:44 am - IP Logged Bottom Top

Yes this is indeed sad.  But it also proves the point that not all women are good at managing money.  Some men manage money well as does a smaller percentage of women.  Some women blow though money as does a smaller percentage of men.  Whether you agree or disagree with that is irrevelevant, but it is true.  I have noticed there are more and more high profiled cases of women mismanaging money lately, whether it is featured on those investigative shows on A&E or the breakup of celebrities such as Shaquille O'Neal and his soon to be money siphoning ex-wife.  But I do agree that it is a shame that either men or women would mismanage money.

What a sexist post.    Bash

love to nibble those micey feet.