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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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rdgrnr's avatar - walt
-Ridge Runner- Oracle of the Appalachians
Way back up in them dadgum hills, son!
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April 28, 2009
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Posted: December 15, 2012, 12:14 pm - IP Logged

I find it very intriguing that ImDaBakerLady joined LP just to respond to an article about Professor Steven Danish.   Blue Thinking


    United States
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    September 7, 2011
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    Posted: December 15, 2012, 12:22 pm - 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...

    You have a pool in your house that has NO water slide????/ What a piker...... Get a slide.........

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      New Member
      oregon
      United States
      Member #136623
      December 15, 2012
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      Posted: December 15, 2012, 2:27 pm - IP Logged

      Thank you all for the warm welcomes :)

       I have been reading these post for a long time now.. several post i wanted to comment on but was'nt sure about the member thing...

      To those about the Water slide, yes would be fun but not in the house lol....

      Im what you call the Typical buzz kill on my husband and childs parade...

      Hate being the bad guy sometimes, but someone has to keep their feet on the ground or the whole house be a amusement park HaHa...

        HoLeeKau's avatar - YheaShea
        Boise, ID
        United States
        Member #94285
        July 17, 2010
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        Posted: December 15, 2012, 2:33 pm - IP Logged

        I find it very intriguing that ImDaBakerLady joined LP just to respond to an article about Professor Steven Danish.   Blue Thinking

        Haha.  She's from Oregon, so thought she probably lived in Baker Oregon.

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          New Member
          oregon
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          December 15, 2012
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          Posted: December 15, 2012, 3:17 pm - IP Logged

          Haha.  She's from Oregon, so thought she probably lived in Baker Oregon.

           HaHa, not exactly,more near the coast side of oregon. I Bake goodies,  the name says it lol :)

            dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
            Oklahoma
            United States
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            November 12, 2009
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            Posted: December 15, 2012, 3:26 pm - 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...

            Welcome to the LP Thumbs Up

            I Love Pink & Green 1908

              HoLeeKau's avatar - YheaShea
              Boise, ID
              United States
              Member #94285
              July 17, 2010
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              Posted: December 15, 2012, 4:10 pm - IP Logged

               HaHa, not exactly,more near the coast side of oregon. I Bake goodies,  the name says it lol :)

              Well, I eat goodies.  Maybe we should get together.  Wink

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                oregon
                United States
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                December 15, 2012
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                Posted: December 15, 2012, 4:15 pm - IP Logged

                Well, I eat goodies.  Maybe we should get together.  Wink

                Lmao... to cute.. my husband says your reply was the funniest, I agree! :)

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                  Seattle, Washington
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                  January 3, 2012
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                  Posted: December 15, 2012, 4:28 pm - IP Logged

                  I have simple plans.  When I win the lottery, I'll immediately avoid publicity like the plague; apparently, publicity seeking lottery winners have a higher rate of failure than non-publicity seekers.  Then, I'll pay my taxes up front, for the full 35% (paying at 25% (which the lottery defaults to) without considering how much your full tax bill will end up being is how most winners get in trouble with the IRS).  After paying taxes, I'm officially retired.  I'll gift my immediate family & close friends I already have (who have stuck with me through thick & thin).  Then, I'll buy my dream house & car.  After that, I'll put aside a set amount for frivilous spending (which is what financial planners advise winners to do, to get the crazy spending out of your system; in my case, it'll be an all expense paid (by me) trip to vegas with my buddies).  Then, I'll invest the rest into long term, safe, fire & forget investments (that I don't have to check the market on a daily basis for) and live off the interest within a written monthly budget; the excess income above my monthly budgeted needs goes to charities I've already designated.  Lastly, I'll volunteer my time at local charities; gotta stay busy or there's too much of a temptation to spend money to alleviate the boredom.

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                    nanaimo,bc
                    Canada
                    Member #93112
                    June 21, 2010
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                    Posted: December 15, 2012, 5:44 pm - IP Logged

                    seattlejohn- a very good planning and i agree with youBanana

                      greeneye's avatar - Lottery-060.jpg
                      New Member
                      North Carolina
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                      Posted: December 15, 2012, 6:49 pm - IP Logged

                      If I was to win in the 50 to 100s of millions range  ,the 1st material object to be bought would be 50 Lbs of GOLD


                      Wealth Preservation is THE KEY**


                      Silver . 5000 ounces of Bullion****Platinum & Palladium would be next..

                        TheGameGrl's avatar - p42a
                        Pennsylvania
                        United States
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                        June 10, 2005
                        3110 Posts
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                        Posted: December 15, 2012, 8:39 pm - IP Logged

                        Interesting points-

                        1: learn to say "NO" to folks (strangers in particular) seeking hand outs.

                        2: Say Yes to causes that have been endearing to your principles in life whatever that maybe. Unless its a cause to harm others.....

                        3: Its absolutely IMPOSSIBLE to say you wont tell a soul. The lottery will find out, Uncle sam will find out, so get real and deal with the wealth maturely . Even if you have a "fictious trust" papers have to filed by a lawyer, so you'll need to be "telling" someone.

                        4: Enjoy it, it can make you or break you, that is your choice to make.

                        ________________________________

                        Signature quote-If I'd agree with you , we'd both be wrong.

                          DC81's avatar - batman39
                          MI
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                          August 31, 2007
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                          Posted: December 15, 2012, 9:27 pm - 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.

                          Wasn't really creative though... It's an idea that's been done and failed repeatedly over the last 25 or so years even in times when that business was at its peak. Don't recall it being his idea but that of the guy who contacted him and is responsible for that bad idea multiple times in the past and I think is the one who is going to be trying it again.

                          You can't predict random.

                            savagegoose's avatar - ProfilePho
                            adelaide sa
                            Australia
                            Member #37136
                            April 11, 2006
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                            Posted: December 16, 2012, 12:29 am - IP Logged

                            i have a plan for when i win,  start making plans.

                            2014 winnings

                            JAN -$48.50;  FEB  -$77.5; MAR -$18.05;  APR -$96.05 MAY -$61.10; JUN $-85;

                              rdgrnr's avatar - walt
                              -Ridge Runner- Oracle of the Appalachians
                              Way back up in them dadgum hills, son!
                              United States
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                              April 28, 2009
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                              Posted: December 16, 2012, 8:19 am - IP Logged

                              Haha.  She's from Oregon, so thought she probably lived in Baker Oregon.

                              I used to work for a bakery as a pilot.

                              I'd take the dough from here and pile it over there.

                              Nyuk, nyuk, nyuk, nyuk, nyuk...