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Eastern Time (GMT-5:00) | How lottery winners spend their moneyOklahoma United States Member #82920 November 12, 2009 3447 Posts Online | | Posted: December 17, 2012, 3:53 pm - IP Logged | |
LOL... been a very busy lady making goody boxes... Sales have been wonderful  Glad to see you back, your new nickname is goodies(the goody lady).... Win BIG everyone..... I Love Pink & Green....1908 | | |
RIGHT HERE!! United States Member #123302 February 17, 2012 995 Posts Online | | Posted: December 18, 2012, 4:08 am - IP Logged | |
 This.
Expanding on #3: Remain as anonymous as your state will allow. As a single woman living alone, I would need that protection. (Well, that and my glock.) A series of trusts nested within each other may provide some, but get professional advice. Talk to a good tax lawyer and a financial planner first. Tell them you want to preserve the wealth for future generations and give cash to certain family members, but you want certain things for yourself. And ask if you can afford those certain things and can afford to support them year after year. It's fine and dandy to purchase that dream home, but will you be able to maintain the costs of that dream home year after year without depleting your winnings? Maintenance can be expensive. You have to set ground rules with yourself and with your family if you are going to share (I cannot imagine not sharing with my family). A lottery win is not a money tree that grows infinitely. I'd like to get back into a very expensive hobby I've enjoyed in the past, but I'd have to have good financial advice to keep from draining funds. Money goes out of your accounts a lot faster than they go in. Planning and budgeting, with professional advice and guidence are the key to successful living with a lottery. I'm hoping that someday I can test these ideas! I'm used to hearing the rich purchasing $40mil $50mil or even $100mil homes but I've always wondered about the upkeep and I think that's where people get into trouble, they don't think about what the bills are going to be every month. Everytime I see a big home, I always wonder what the light bill is lol . | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14586 Posts Online | | Posted: December 18, 2012, 9:33 am - IP Logged | |
I'm used to hearing the rich purchasing $40mil $50mil or even $100mil homes but I've always wondered about the upkeep and I think that's where people get into trouble, they don't think about what the bills are going to be every month. Everytime I see a big home, I always wonder what the light bill is lol . Its the same as your house, the more lights they use the higher the bill............ | | |
Boise, ID United States Member #94311 July 17, 2010 1048 Posts Offline | | Posted: December 18, 2012, 11:07 am - IP Logged | |
I always wonder what the tax and insurance bill is. I think some areas have a luxury tax on certain homes, so if the rest of us are paying 1% property tax, they're paying 2 or 3% which can add up to a whole lotta dough on a 50 million dollar house. As for electricity, my provider just implemented a step system where if you use more than X KWH per month, you're billed at a higher rate. Even with my little house I sometimes go over the minimum, so I imagine the huge houses are always billed at the higher rate. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14586 Posts Online | | Posted: December 18, 2012, 11:10 am - IP Logged | |
I always wonder what the tax and insurance bill is. I think some areas have a luxury tax on certain homes, so if the rest of us are paying 1% property tax, they're paying 2 or 3% which can add up to a whole lotta dough on a 50 million dollar house. As for electricity, my provider just implemented a step system where if you use more than X KWH per month, you're billed at a higher rate. Even with my little house I sometimes go over the minimum, so I imagine the huge houses are always billed at the higher rate. I do not think a house is considered a "luxury item"............... YET................. | | |
Boise, ID United States Member #94311 July 17, 2010 1048 Posts Offline | | Posted: December 18, 2012, 11:15 am - IP Logged | |
I think some areas tax certain homes that have very high values with a luxury tax. Just looked it up on wiki and they agree. This article also says high value cars can have a luxury tax. | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: December 18, 2012, 4:31 pm - IP Logged | |
Well, I think about plans for anything that may happen! You must be prepared in life! dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! - Eschew Poverty ........... Vote Conservative! | | |
Texas United States Member #132464 September 4, 2012 271 Posts Offline | | Posted: December 20, 2012, 8:59 am - IP Logged | |
Wow...what a great and noble deed for William Kiefer of Texas...Most winners will enjoy their winnings to the fullest by spending it on purchasig new houses, cars, travels, gadgets, vacations etc...but for Mr Kiefer, helping and sharing what he won with others is the greatest thing I read on lottery winnings... | | |
Ga United States Member #120470 December 20, 2011 113 Posts Offline | | Posted: December 21, 2012, 8:19 pm - IP Logged | |
If he wants some reading material for his clients, he should get an article on David Edwards or Jack Wittaker for a list of stuff of stuff to not do. No plan spending with no budget Yeah all the stuff you shouldn't do. | | |
U$A United States Member #106693 February 22, 2011 7517 Posts Online | | Posted: December 21, 2012, 8:45 pm - IP Logged | |
That would be fine. I have very nice neighbors. One strung his Christmas lights across my garage (I live in a townhouse duplex). Another's little 5 year old baked cookies, put them in boxes with a Bible quote about the birth of Jesus, and gave them to her neighbors including me! They are all good people. But my glock is sufficient, backed up with a .12 pump.  my neighbors house looks like The Griswold family's Christmas Vacation  ♥ ♥ | | |
Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12405 Posts Online | | Posted: December 21, 2012, 9:04 pm - IP Logged | |
my neighbors house looks like The Griswold family's Christmas Vacation I hope Cousin Eddie doesn't drain his RV in front of your house. | | |
egg harbor twp.south jersey shore United States Member #112990 June 29, 2011 2488 Posts Offline | | Posted: December 21, 2012, 9:24 pm - IP Logged | |
I hope Cousin Eddie doesn't drain his RV in front of your house. LMAO, don't know how you do it, but keep on keepin on, LOL Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D. | | |
U$A United States Member #106693 February 22, 2011 7517 Posts Online | | Posted: December 21, 2012, 9:25 pm - IP Logged | |
I hope Cousin Eddie doesn't drain his RV in front of your house. that show is so funny, i never get tired of it... ♥♥ | | |
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chicago, il United States Member #24275 October 18, 2005 3 Posts Offline | | Posted: December 29, 2012, 2:47 pm - IP Logged | |
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Phoenix, Az United States Member #138507 January 29, 2013 9 Posts Offline | | Posted: January 29, 2013, 6:03 am - IP Logged | |
there are some episodes of LOTTERY CHANGED MY LIFE on Youtube, anyone have them recorded that can upload the rest of the series? I no longer get those channels and do miss that show, it's so motivating. | | |
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