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Lottery winner doesn’t live like a millionaire

Topic closed. 21 replies. Last post 11 years ago by CASH Only.

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Huntsville AL
United States
Member #16531
June 1, 2005
65 Posts
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Posted: January 3, 2006, 5:15 pm - IP Logged

"I've had to. I never had a whole lot of money. My dad worked hard for everything he had, my mom worked, and I've worked since I was 6 years old," she said.

When her mom worked in a Canton restaurant, young Fossum would tag along and act as a waitress for customers who got a kick out of their young server.

 

She helped her mother as a waitress 

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
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    Posted: January 3, 2006, 5:39 pm - IP Logged

    I grew up thinking every body worked even if they weren't born on a farm.  I remember at the age of 6 and living in Alabama, I accompanied my mother into the cotton fields and picked cotton.  I was too small for the regular bags used by the grown-ups so I used a pillow case.

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

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      Indiana
      United States
      Member #29196
      December 29, 2005
      280 Posts
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      Posted: January 3, 2006, 9:55 pm - IP Logged

      I think it would be really funny if someone wrote a letter to the editor of the Sioux Falls Argus Leader and took the time to explain to them...politely...that Ms Fossum may have won a million dollars but due to 35% Federal income tax she, in point of fact IS NOT a millionaire so it isn't surprising that she doesn't live like on.

      By the way...how do millionaires live?

      Oh Jeeves, peel another grape for me would you please.

      Jim 

       



      Money frees you from doing things you dislike.  Since I dislike doing nearly everything, money is handy.  - Groucho Marx

        sirbrad's avatar - Lottery-062.jpg
        PA
        United States
        Member #22983
        October 6, 2005
        2226 Posts
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        Posted: January 3, 2006, 10:04 pm - IP Logged

        She is not living like a millionaire because she is not one, especially after taxes and paying off the mortgage. But millionaires stay millionaires by staying frugal, and taking care of their money. Not lavishly spending it all. Perhaps they read "The Millionaire Next Door? I suppose the media wants you to spend spend spend, and go broke, plus have a ton of other problems along with it. Then they have another story next month...They love Jack.

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
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          October 15, 2004
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          Posted: January 4, 2006, 7:23 am - IP Logged

          did it say her name was.......FAT POSSUM?
          oops,pat fossum.....

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            Bethesda, Maryland
            United States
            Member #16901
            June 6, 2005
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            Posted: January 5, 2006, 3:14 pm - IP Logged

            This typifies lottery coverage in the press. There would be no way to retire on 650k in the US. This person was never a millionare through the lottery due to tax and even one million is not enough to even think of retirement unless you already have a large retirement fund and own your house free and clear. If you don't even own a house and have a very small 401k then you had better win a much bigger prize unless by some magical means you are never going to get sick, need nursing care or leave anything to anyone else.

            If you don't have a supllemental income and haven't met the medicare age, you will be walking on dangerous ground.  Maybe in the mountains of Kentucky, or a remote area of New Mexico or Texas, never in NJ/NY area.  Taxes, electricity,  fuel and gas prices would put you in the bankruptcy courts.

            HAPPY THURSDAY "CHEWIE"

            LOLOLOL.....YOU must be referring to the high cost of living.& housing........

            In that case don't leave out MARYLAND, VIRGINIA, &WASHINGTON(DC)......LOLOLOLOL

            And that's even if you are on Medicare & SS......Type


              United States
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              June 5, 2002
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              Posted: January 6, 2006, 4:12 pm - IP Logged

              PowerPlay is not that new, despite the wording in the article. It began nearly five years ago.