Successful lottery winners don't change too much
Eleven years after hitting a $1 million jackpot in the New York Lottery's 7-11-21 game, Agnes Jackman got some free advice on how to handle her winnings.
In a 1991 Money magazine cover story titled Midway Through a Million, financial planner Gary Schatsky suggested investing in money market funds, certificates of deposit and U.S. government bonds. He also told Jackman to stop spending money on lottery tickets.
She rejected his guidance.
And now, seven years after cashing her last inst ...
Jan 31, 2007, 4:39 am - Lottery News forum
Jack Whittaker: un-luckiest lottery winner ever
A man infamous for his numerous problems ever since winning a record Powerball lottery jackpot says he can't pay a settlement to a casino worker because thieves cleaned out his bank accounts.
Powerball winner Jack Whittaker gave that explanation in a note last fall to a lawyer for Kitti French, who accused him of assaulting her at the Tri-State Racetrack and Gaming Center, a slots-only casino near Charleston, according to a motion French's lawyer filed this week demanding payment of the confi ...
Jan 12, 2007, 5:57 pm - Lottery News forum
$1 million Powerball lottery winner speaks about picking numbers
Oklahoma lottery winners discuss their methods
What's in a number?
Just ask Charles and Laura Fay of Foss in western Oklahoma.
The couple won $1 million playing Powerball on March 17 with numbers that Charles derived while driving his tractor-trailer rig.
He (Charles) would just be driving, hauling fuel, and he had a long route. Charles had some numbers floating around in his head, and we used those, Laura Fay said.
We happened to be pretty lucky. We use the same numbers a ...
Dec 26, 2006, 12:27 pm - Lottery News forum
Couple won U.K. Lotto, then gave most of it away
A couple from Sheffield who won 7.6 million (US$15 million) playing the lottery in 2000 have given away 6 million (US$11.8 million) of their fortune.
Ray and Barbara Wragg have made countless donations to charity and spent money on family and friends since winning the jackpot six years ago.
Weston Park Hospital in Sheffield, which specializes in cancer treatment, and Sheffield Children's Hospital have been the main beneficiaries.
We decided that 7.6 million was too much for two pe ...
Dec 14, 2006, 2:21 pm - Lottery News forum
Secrets of lottery millionaires
As the 2,000th UK Lottery millionaire pops the champagne, 16 former jackpot winners shared how their money has been spent and how their lives have changed.
I'VE BOUGHT AN ACRE OF THE MOON, VENUS AND MARS
David Copeland, 31, is single and lives in Hereford in a modest two-bedroom Sixties house.
Occupation: Former lab technician.
Won: 1,000,000 on January 4, 2000.
First purchase: On the day I won, I went to the supermarket and bought half a dozen bottles of champagne to s ...
Dec 11, 2006, 11:48 am - Lottery News forum
The hidden Lotto millionaires
They have wealth beyond their wildest dreams but nobody knows. In the Irish province of Ulster some of the millionaires have made their identities known to the world, but most have not.
They are the next door neighbors who hide the secret that they are millionaires.
Some are scared their wealth will end lifelong friendships. And some worry that new found friends would be attracted by their money and nothing else.
They are the National Lottery millionaires who go to amazing lengths to ...
Dec 11, 2006, 8:30 am - Lottery News forum
E! Television to air 'Curse of the Lottery' Sunday
It's what dreams are made of: buy anything you want and more. But for some, winning the lottery is not all champagne, limousines and mansions, and brings only misery and regret.
The sudden influx of cash can lead down a dark road to drugs, bankruptcy and even death. Why does blissful prosperity rarely ensue? Are those who win big truly destined for doom?
Uncovering the stories behind 10 real-life lucky ticket holders, E! sits with lottery winners, their friends and family, as well as fi ...
Sep 20, 2006, 3:54 pm - Lottery News forum
Lottery winners: beware the phone
For lottery winners flush with newfound wealth, the Powerball windfall can be a devil in angel's clothing.
It will mean a new sense of financial security for the 100 production and shipping employees at Sargento Foods in Plymouth claiming the $208.6 million Jackpot Saturday. But it can also mean the onset of worries, as the phones begin ringing off the hook from those looking for donations or handouts.
Many of these callers will be known by the winners or will be legitimate organizations, ...
Aug 9, 2006, 12:42 pm - Lottery News forum
Lottery winners advised to be wise with wealth
What begins as a fountain of fortune can quickly become a puddle of pennies.
Lottery winners, like the Plymouth Sargento Cheese plant workers who claim to have won the $208.6 million Powerball prize, must be careful to avoid losing their luck, say local financial advisers.
Winners first should find a good attorney and financial consultant, said Larry Goebel, owner and president of the Goebel Planning Group. Advisers and attorneys can help people determine whether to take the money in incre ...
Aug 9, 2006, 11:57 am - Lottery News forum
Arizona Lottery winner shows what not to do with $6.7M
Winner: Shefik Tallmadge.
Jackpot: $6.7 million, $335,000 each year for 20 years.
When Tallmadge was 29, he became the biggest winner in the Pick lottery at the time.
He bought a $60,000 nougat-brown Porsche 911 Carrera convertible the day he got his check, quit his $10.75 per hour job at Yuma Proving Ground and took his mother and his sister on a luxurious world tour to Honolulu; Bangkok, Thailand; and Sierra Leone.
Tallmadge transferred from community college to ...
Jul 18, 2006, 12:30 pm - Lottery News forum