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How lottery winners spend their money

Topic closed. 90 replies. Last post 1 year ago by helpmewin.

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Cletu$2's avatar - Lottery-050.jpg
S.E.Iowa
United States
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December 21, 2011
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Posted: December 15, 2012, 9:37 am - IP Logged

Well good for the ones who do something positive with it and sad for the ones who destroy their lives. Everyone who has bought Tickets has always had the thought of what they would do and spend it on. Some i guess get caught up in the excitement and go wild with it. For me, im more logical with what i would do. i had several thoughts on if i won. Many positive and many Negative.

 My husband of course has made some pretty wild ideas that of course i laugh and say NO!  He said we can build a waterslide in the house lmao... Im more down to earth with thinking in the long run of making every penny count. To plan our future and our Daughters Future.. Also had to explain to him, the negative point of winning. Friends would change, family will change. The lotto can be such a burden and a blessing.

So for the Winners , i Hope more make good of it...

Also anyone know? For Mega Million/Powerball has their ever been a Winner in Oregon... See alot of California's and Eastern state Winners...

Yes,there have been Powerball winners in Oregon.I'm not  sure about MegaMillions,though.

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    Posted: December 15, 2012, 9:59 am - IP Logged

    I have seen worse ideas take off and make a ton of money.  Look at Jersey Shore Show, etc. Better to try if you have a creative idea than not at all.

    Yeah.... Who ever thought "Snooki" would be a good idea.........What?

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      Kentucky
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      Posted: December 15, 2012, 10:02 am - IP Logged

      Steven Danish's opinion is just that...an opinion.Everyone seems to have an opinion on how lottery winners should spend their money.Why should Steven Danish be any different?

      "I plan to give 60 percent of all [my] after-tax winnings to charity. "We are proud to count Mr. Kiefer among our players," said Lottery Executive Director Gary Grief in response"

      It depends on what "others" believe should be the winner's priorities because whether they give 60% of their winnings to charity or blow it, they still only have 40% left. Some will even find fault with which charities that winner donated to. There are players that believe because they bought a ticket, they have a vested interest in how the winnings are spent.

      It's still "a dollar for a dream" and there are just as many dreams as there are opinions of how the winnings should be spent.


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        Posted: December 15, 2012, 10:15 am - IP Logged

        I have seen worse ideas take off and make a ton of money.  Look at Jersey Shore Show, etc. Better to try if you have a creative idea than not at all.

        Or who ever thought illiterate white people living in a trailer would be popular.........What?

          bigguy5's avatar - peace
          charlotte.n.c
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          Posted: December 15, 2012, 10:56 am - IP Logged

          This is why I already have my "to-do" list. Winners who blow their money are the ones who did not have a plan before or after they won.

          amen,   you smart.    have  a plan,  so  many  player  don,t.    iamu  with  you

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area/ California
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            Posted: December 15, 2012, 10:59 am - IP Logged

            At the end of the day- its not what you make, it's what you keep.
            Those who end bankrupt after having won the lotto have only themselves to blame.
            If l ever get such a windfall- l am telling no-one, not my friends, the neighbors, the kids & especially extended family.
            I will pick my own charities. I have my plan in place and it has no room for Vultures..


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              Posted: December 15, 2012, 11:01 am - IP Logged

              At the end of the day- its not what you make, it's what you keep.
              Those who end bankrupt after having won the lotto have only themselves to blame.
              If l ever get such a windfall- l am telling no-one, not my friends, the neighbors, the kids & especially extended family.
              I will pick my own charities. I have my plan in place and it has no room for Vultures..

              At "the end of the day" its NOT what you kept........... Its what you enjoyed spending that counts......


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                Posted: December 15, 2012, 11:02 am - IP Logged

                amen,   you smart.    have  a plan,  so  many  player  don,t.    iamu  with  you

                Im going to waste my time, AND blow my money..........

                  noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                  Bay Area/ California
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                  Posted: December 15, 2012, 11:04 am - IP Logged

                  " keep" as in : l will spend this the way l want with no external input from Vultures..

                    Cletu$2's avatar - Lottery-050.jpg
                    S.E.Iowa
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                    Posted: December 15, 2012, 11:06 am - IP Logged

                    Im going to waste my time, AND blow my money..........

                    Why not piss it away?It's not like you spent a lifetime workin' for it,right?

                    When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

                    There ought to be one day - just one - when there is open season on senators. ~Will Rogers


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                      Posted: December 15, 2012, 11:07 am - IP Logged

                      " keep" as in : l will spend this the way l want with no external input from Vultures..

                      Ok, I just don't understand misers who hoard cash in such a way as to die rich while living broke.....

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                        Bay Area/ California
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                        Posted: December 15, 2012, 11:23 am - IP Logged

                        No hoarding for this boy..l cannot help thinking about that lotto winner from Florida who in trying to be generous ends up under a concrete slab.
                        " loose lips sink ships"...going in national tv and telling folk about your sudden fortune is B.S, a recipe for disaster.
                        As someone pointed out here  a few days ago- siblings seem to think that the lotto winnings should be divided equally amongst. family is nonsense.
                        Absolutely no hoarding...period.Let the Dollar circulate.


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                          Posted: December 15, 2012, 11:31 am - IP Logged

                          I think I will avoid anyone who wants to write a book about me, or looks like they need an exorcism...

                            cbr$'s avatar - maren
                            Cordova,Al.
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                            Posted: December 15, 2012, 11:49 am - IP Logged

                            Lottery winners: What separates the ones who live happily ever after from the ones who, five years later, wind up drunk, broke, in jail or hounded by the IRS?

                            Stephen Danish knows. In fact, the Virginia Commonwealth University professor of psychology is such an expert on the subject that the Virginia Lottery has hired him to counsel winners. Asked how many winners he has helped, he puts the number is in the double digits.

                            He once told the Roanoke Times that he can tell how well (or badly) somebody will handle a lottery windfall when he hears them talk about their future: If they talk only about spending, he says, he knows they're in trouble; if, though, they talk about what they want to accomplish with the money, he knows they're going to be okay.

                            Winners who go on to lead successful lives, he says, are those who had well-defined goals, plans and ambitions long before they ever bought a ticket. They view money not as a plaything to be frittered away, but as a tool with which to gain some practical end. The more specific their ambition, the better.

                            Jay Vargas, according to the Tampa Tribune, was just 19 when he won a Powerball jackpot of over $35 million in 2008. At first, Vargas told the paper, he partied hardy. What saved him from a life of dissipation? Ambition. He knew what he liked: hot women and professional wrestling. Eventually he found a way to invest himself and his money in these two.

                            He founded Wrestlicious, a Tampa TV production company whose programming features gorgeous, sweaty women in small costumes grappling with one another. It went into syndication in 2010.

                            Asked by a Wrestlicious interviewer on the eve of his show's debut if he felt his money had been well spent, Vargas said: "I think it has. Time will tell of course. It certainly has been an awesome learning experience. Best case, we have a huge hit. Worst case, I have a tax write-off." The show did a premiere season but has since gone into hiatus.

                            Likewise, William Kiefer of Katy, Texas, knew what he liked: nuns.

                            In 2010, Kiefer, according to the Houston Chronicle, won what was then the largest prize in Texas Lottery history—$144 million. "The greatest gift my parents gave me," he announced in a statement, "was to be raised a Christian. I plan to give 60 percent of all [my] after-tax winnings to charity."

                            "We are proud to count Mr. Kiefer among our players," said Lottery Executive Director Gary Grief in response. "Many winners plan to give to charity, but I don't think we've ever seen generosity quite like this."

                            Among the causes Kiefer has supported is the care of retired Catholic nuns. Sister Deenan Hubbard of the Sisters of Charity of the Incarnate Word, speaking to the Houston Chronicle, described Kiefer as a really good man with a big heart. Kiefer, who has refused to grant interviews to any news organizations except the Texas Catholic Herald, said the other objects of his charity would include abused children and Haitian relief.

                            Professor Danish notes that no matter what kind of person you are—goal-focused or a sybaritic layabout-- winning the lottery can be tough: "You're bombarded by people asking, threatening, trying to do whatever they can to get money from you. To be able to say 'no' is difficult but important, because otherwise you'll find you have no money left."

                            It's not bad to give it all away, he clarifies. "That's fine. But that has to be your plan. You have to know how much you have, how much you want to give away, and how much you need to keep."

                            The holder of the winning ticket is not the only one fate favors when someone wins the lottery: The merchant who sold the ticket also cashes in.

                            In 2011, a supermarket customer on Long Island won $72 million from the New York State Lottery. The winning ticket was sold him at a ShopRite owned by Mannix Family Supermarkets. Kevin Mannix, owner of the company, says that he got $10,000 from lottery officials for having sold the winning ticket.

                            "Yes, I'm sitting in my office looking at an enlargement of the check right now," Mannix tells ABC. He donated part of his winnings, he says, to the Salvation Army, some to the Food Bank of New York, and some to Project Hospitality, which is providing relief for victims of Hurricane Sandy. "That was the appropriate thing to do," he says. After that, he had exactly $1 left over, which he used to play the lottery.

                            He didn't win.

                            Mannix's ShopRite has been lucky once before. Six years ago, a group of 10 bakery employees split a $19 million ticket. Nine of them, says Mannix, decided to keep working and are still on the job. None went wacky or became a drunk or wound up in jail. Some, he says, "bought their dream house." Others salted away the money, to be used later to pay for college for their grandkids. Some paid off mortgages. A few took trips. "They didn't spend foolishly," says their boss. "They're hardworking, blue collar people. It's a great story with a great ending."

                            There are sad stories as well. On Monday, DeeDee Moore, the Tampa woman accused of swindling and then killing lottery winner Abraham Shakespeare, was found guilty of first degree murder and other charges. Shakespeare had won $30 million in the Florida Lottery but gave it away to people who simply asked for it. His luck ran out when he met Moore.

                            "Abraham Shakespeare was your prey and victim. Money was the route of evil you brought to Abraham. You are sentenced to life in prison you shall not be elegible for parole," Judge Emmet Battles told Moore. You can read more about this story here.

                            Thanks to rdgrnr for the tip.

                            US FlagProfessor Stephen Danish counseling winners, is a good idea. 85% of the winner really want the windfall , but they're not prepare for it. They haven't set any goals, about what is next,


                              United States
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                              Posted: December 15, 2012, 11:54 am - IP Logged

                              US FlagProfessor Stephen Danish counseling winners, is a good idea. 85% of the winner really want the windfall , but they're not prepare for it. They haven't set any goals, about what is next,

                              Another destroyed life is part of the fun of how the lottery works. Real nice wake up call for the rest of us.