Welcome Guest
Log In | Register )
You last visited December 4, 2016, 5:20 pm
All times shown are
Eastern Time (GMT-5:00)

Record lottery winner's wealth cost him dearly

Topic closed. 25 replies. Last post 12 years ago by DoubleDown.

Page 2 of 2
PrintE-mailLink
Avatar
Columbia City, Indiana
United States
Member #2978
December 9, 2003
381 Posts
Offline
Posted: February 1, 2005, 5:40 pm - IP Logged

That article was nearly as long as some of my posts!

Come, Pinky; we must prepare for tomorrow night...

Jim

    MillionsWanted's avatar - 24Qa6LT

    Norway
    Member #9517
    December 10, 2004
    1272 Posts
    Online
    Posted: February 1, 2005, 7:28 pm - IP Logged

    In Norway we had a person who in many ways remind me about Jack Whittaker.



    He won several million norwegian kroner(NOK) on the national lottery (7/34).

    After having appeared in all the boulevard newspapers and gossip magazines there is in Norway and wasting his money on partying and drinking, he was found dead.

    It was of course the alcohol that killed him.

    I think he still would have been around if it wasn't for the lottery money.

      Fwup's avatar - babylaugh 086.gif

      United States
      Member #3654
      February 9, 2004
      70 Posts
      Offline
      Posted: February 1, 2005, 9:16 pm - IP Logged

      I think it would be a good idea for lottery winners to assemble an "emotional team" as well as a "financial team". Maybe a psychologist, a therapist, and a preist or rabbi. Winning the lottery is a traumatic dvent.

        DoctorEw220's avatar - alien helmet.jpg
        Yinzer Country, PA
        United States
        Member #4067
        March 18, 2004
        2741 Posts
        Offline
        Posted: February 2, 2005, 1:30 am - IP Logged

        don't forget about the british lottery winner who got into a load of trouble after his win, and the gang member who won the lottery and was killed not long after.



        money does things to people.

        I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

          DoctorEw220's avatar - alien helmet.jpg
          Yinzer Country, PA
          United States
          Member #4067
          March 18, 2004
          2741 Posts
          Offline
          Posted: February 2, 2005, 1:34 am - IP Logged

          and even celebrities.



          jerry lee lewis married his 13 year-old cousin during the height of his career, shot (and killed) his bassist on acciednt, became a recluse, spent rapidly, etc. look at him now.



          MC Hammer spent his money on a mansion, 7 cars, racehorses, and he employeed quite an entourage, and within a year he was broke.



          just think about what money can do to a person.

          I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

            Avatar

            United States
            Member #10438
            January 13, 2005
            431 Posts
            Offline
            Posted: February 2, 2005, 7:13 am - IP Logged

            best case senerio for winning big $$ is hide for a bit  than dump half into dividend stocks(ya know the ge/chevrons  of the world  this way atleast you will still get payed without losing your capitol  you can make 100k  pay you 1000 every quater without spending a dime of the 100k----real estate bonds o and of course a good ol passbook savings account  plus a few g for the casino  just for some respect n fun

              whodeani's avatar - lightening

              United States
              Member #2484
              October 9, 2003
              212 Posts
              Offline
              Posted: February 2, 2005, 2:36 pm - IP Logged

              My comment is along the same line as fja. If there was a class taught called: Winning the Lottery, Do's and Don'ts 101, this article would be required reading. I too agree that it could have been written better but the moral of the story is well taken.  It is just such a shame to read about what should have been a great once in a lifetime dvent for someone turn into a living hell for so many people and how many relationships (and lives) were ruined because one person totally was incapable and reckless in how he dealt with that once in a lifetime dvent. Such a waste that could have been used for good.

                LottoPools's avatar - bee
                Houston, TX
                United States
                Member #4496
                April 29, 2004
                71 Posts
                Offline
                Posted: February 2, 2005, 4:52 pm - IP Logged

                And the saddest part is that Jack still doesn't seem to get that he needs to take a look at his life and where it's going.  Look at his last statement in the article.  You would think that the death of your granddaughter would make you wake up and smell the coffee instead of trying to find a scapegoat to place the blame on.

                This is a good cautionary tale for lottery winners.  You can bet that WHEN I win, the prize will be claimed under a company name AFTER I've seen an advisor and gotten my ducks in a row.  Just to be on the safe side, I've started my planning before the big win.

                ________________________

                Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.

                  Avatar
                  Milwaukee, WI
                  United States
                  Member #3131
                  December 27, 2003
                  665 Posts
                  Offline
                  Posted: February 3, 2005, 6:56 am - IP Logged

                  If the MONEY caused ALL of his problems, I would love to help relieve him of the cause of all of his problems...



                  I guarranty, that I won't have 1/2 of those problems...



                  What about that cleaning woman that won $297 Million in Mega-Millions...

                  She is not in the news at all...



                  MarkP

                    kbcherokee's avatar - buffalo2
                    Virginia
                    United States
                    Member #1712
                    June 20, 2003
                    1549 Posts
                    Offline
                    Posted: February 3, 2005, 1:47 pm - IP Logged

                    If one get's "Cow Dung" on his Boots. One would have had to be in a Barnyard or  Pasture somewhere, right?

                    Go figure...

                    Chief

                    May the warm winds of heaven blow softly upon your house. May  the Great Spirit bless all who enter there. May your mocassins make happy tracks in many snows. And may the rainbow always touch your shoulder.

                      Avatar
                      Coastal Georgia
                      United States
                      Member #2653
                      October 30, 2003
                      1866 Posts
                      Offline
                      Posted: February 3, 2005, 8:41 pm - IP Logged

                      My thoughts exactly, Chief........

                      One more to ponder- "Lie with dogs and you will get fleas".

                      Good ol Jack has been lying with a lot of dogs since Christmas 2002. No wonder he has fleas....

                       

                      DD