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$10M lottery winner squanders fortune

Topic locked. Last post 5 months ago by DC81. 29 comments.

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Australia
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April 11, 2006
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Posted: April 16, 2008, 12:09 pm - IP Logged Bottom

man u could rent a normal hous ein a normal suberb, get it furnished and just sit and watch the interest roll in. 1 year living modest and you earn't enuff to buy the house u been renting!

 

 spose its a matter of finding some where to place the money safely generating interest, natiional saving in UK pays like 4.5% interest tax free, thats pretty safe and backed by the crown so basically country has to go bankrupt b4 you lose your money.

450k a year tax free!

well half that for pounds but u get the idea, some people notkeen on 4% the want %10, can u imagine earning 1 mill a year in interest?  thats a pretty intoxicating thought. or go safe with 450k a year? i can see the temptation, what if theres convincing slaesmen saying we can get %20 using our stock  , auto trade programs? thers 2 mill ayear!

once the greed kicks in then you are on a slippery slope.

 

gotta keep ya eye on the prize, and the prize is, making sure the capital to run your life in comfort tiill oyu are dead, isnt blown and you gotta go back to being a joe schmoe.

personally id sit out a year, just smiling a lot, and maybe eating at resturants a lot to.

i look at all lotteries as a  50-50  chance,

either i win or i don't

jackpotismine's avatar - Lottery 057
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Kunming
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January 23, 2008
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Posted: April 16, 2008, 12:10 pm - IP Logged Bottom Top

I don't feel sorry for the man. He had his chance. A big chance. Next!

"WE WANT NOTHING LESS THAN A JACKPOT"

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December 19, 2007
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Posted: April 16, 2008, 1:32 pm - IP Logged Bottom Top

Some people are too stupid and no matter how many oppertunitys they get they'll always end up with nothing.

fwlawrence's avatar - Yavill
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Austin
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December 6, 2004
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Posted: April 16, 2008, 2:57 pm - IP Logged Bottom Top

What's even more surprising than wasting all that money is actually OWING people money!

ToadSchmode's avatar - bloodorange album
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Posted: April 16, 2008, 5:42 pm - IP Logged Bottom Top

PartyOh, but what a wild 3 years it was...Party

One time - A thing occured to me - What's real - And what's for sale! Idea


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March 8, 2008
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Posted: April 17, 2008, 7:32 pm - IP Logged Bottom Top

I would be out there knockin on those leeches doors for payback of money lent. If not paid back I would be knockin on their face.

Do the words: lawsuit, assualt and battery, felony mean anything to you?  If you want to win the lottery, I would suggest you start to get a serious grip on your temper.  You walk around beating on people, and your money will provide special meals inside the cell you will be living in.  The more you have, the less you can afford to be lead around by a macho attitude.  Just pushing your face into some one else's face can result in immediate bankruptcy. Your brain started out larger then your biceps for a reason!

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Bondi Junction
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December 24, 2007
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Posted: April 17, 2008, 10:46 pm - IP Logged Bottom Top

I bet he wishes he remained anonymous. One of the problem of shouting your mouth off is, people come out of the woodwork worth "investment proposals". Discretion is the better part of valor.

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Posted: April 20, 2008, 5:09 am - IP Logged Bottom Top

There is a popular saying about the waste of going to the grave with a goodlooking corpse, how you should go skidding in sideways saying it was a great ride. I think there was even a book written a few years ago titled, "Die Broke" or some such thing. Seemed to be about enjoying your money rather than passing half to your heirs and half to the tax man. I'm going to guess this guy enjoyed his $10M

Prince of Insufficient Light ~ Ruler of Heck
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April 21, 2008
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Posted: April 22, 2008, 9:45 pm - IP Logged Bottom Top

I bet he wishes he remained anonymous. One of the problem of shouting your mouth off is, people come out of the woodwork worth "investment proposals". Discretion is the better part of valor.

which I don't understand why people fall for that crap. I would invest my $$ in US Savings bonds or a bank CD.  Not much of a return, I know, but why would i need to make more money when I already had 10 million?  Greediness breeds disaster!

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Posted: April 23, 2008, 4:18 am - IP Logged Bottom Top

I'd move the money away from the US Dollar as much as I could and then if someone ask for a hand out I could just say "sorry, all my money is tied up in investments".

With odds like 1 in 175,711,536 how can I lose?!

You can't predict random.