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Grandma's lottery ticket detour pays off

Topic closed. 21 replies. Last post 10 years ago by justxploring.

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Delaware
United States
Member #30273
January 14, 2006
494 Posts
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Posted: March 30, 2007, 5:18 pm - IP Logged

Yes, "Win for Life" does cost $1 per play, Granny bought the maximum amount on each ticket which is $5.00.  I was just on my way to get some 'Lose for Life' tickets, but changed my mind!

Todd,

We need a vaccination for LP members. Whatever Cash has, it seems to be spreading!

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    Any town, USA
    United States
    Member #46729
    September 25, 2006
    112 Posts
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    Posted: March 30, 2007, 8:31 pm - IP Logged

    $100 a week is a lot. 


    I thought I was spending too much on the Lottery by playing $10 a week.
      Todd's avatar - Cylon 2.gif
      Chief Bottle Washer
      New Jersey
      United States
      Member #1
      May 31, 2000
      23273 Posts
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      Posted: March 30, 2007, 8:53 pm - IP Logged

      Todd,

      We need a vaccination for LP members. Whatever Cash has, it seems to be spreading!

      LOL Yes Nod I Agree!

      It's OK in small doses however.  CO's problem was that it was a non-stop cavalcade of negative, sarcastic posts that drove most of us nuts. 

       

      Check the State Lottery Report Card
      What grade did your lottery earn?

       

      Sign the Petition for True Lottery Drawings
      Help eliminate computerized drawings!

        OldSchoolPa's avatar - Lottery-057.jpg
        Gurnee, Illinois
        United States
        Member #49731
        February 12, 2007
        917 Posts
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        Posted: March 31, 2007, 12:20 pm - IP Logged

        I've got to make a detour down into Indiana...here's hoping my detour pays off!

        Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

        The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

          OldSchoolPa's avatar - Lottery-057.jpg
          Gurnee, Illinois
          United States
          Member #49731
          February 12, 2007
          917 Posts
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          Posted: March 31, 2007, 12:33 pm - IP Logged

          Given her advance age,

           

          The closer I get to 60, the more I notice these things. LOL  The woman is only 73!!  I realize that nationally the average life expectancy in the United States is around 78, but I know plenty of active 80+ year olds.  Anyway, you can always bequeath your annuity payment.  It doesn't appear as if she has financial troubles, so taking annual payments could prove to be a responsible way of collecting her money.

          My observation was merely a natural one...although none of us know the number of years we each individually will ultimately live, the chances that someone in there 30s or 40s will live 20+ years is perhaps a bit greater than someone in their 70s and 80s.  I know that there are people who live to be in the hundreds, but if you look at the population in general, there are more people aged 50 - 70 than there are people in the age range of 90 - 110.  Just a simple observation.  Of course, she could end up living to be 115.  Who knows?  Only God knows!

          As for my statement on the spending...even if I were a multi-millionaire TODAY, I would only consider spending $200 tops on lottery tickets IN A SINGLE MONTH.  She spends $400 per month, so that is why I said what I said...not being judgemental...just saying what I would do.

          Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

          The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

            OldSchoolPa's avatar - Lottery-057.jpg
            Gurnee, Illinois
            United States
            Member #49731
            February 12, 2007
            917 Posts
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            Posted: March 31, 2007, 12:34 pm - IP Logged

            and I meant their instead of there...yes, I did perform quite well in English and grammar.

            Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

            The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

              justxploring's avatar - villiarna
              Wandering Aimlessly
              United States
              Member #25360
              November 5, 2005
              4461 Posts
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              Posted: March 31, 2007, 2:43 pm - IP Logged

              and I meant their instead of there...yes, I did perform quite well in English and grammar.

              Don't apologize for spelling errors, Old School, although you and I have those concerns in common!  Many members here who are intelligent often write "your" instead of "you're' or much worse (like to instead of too or then instead of than.)  Those are some of the most common mistakes.  I notice it all the time, but I wouldn't want someone to go through my posts and point out all of my errors, because I'm sure there are more than I realize.  The word "it's" (it is)  instead of its is my biggest pet peeves when I read the paper, since professional journalists should be more careful. However, it would take much too long to post comments if everyone had to watch every word he/she writes. Forums are supposed to be fun and a form of entertainment, right?

              (By the way,since you brought it up....judgment only has one e, although many people will disgree with me, especially those who use the word irregardless.  LOL ) 

              I understand what you were saying about the woman's age.  I was just joking, since I turned 56 last week, so now I'm closer to 60 than 50.  I still think someone who is older might consider turning over any "For Life" ticket to a younger family member. Maybe that's my practical side speaking, but I'd always want to get the most out of the State Lottery!  Let's say I win one of the FL instant games that pays $50,000/yr for life.  I then give the ticket to my married daughter & her spouse who claim the prize and pay the taxes on it. They each send me $12,000 a year (which to me would be tax free income) so I now have an extra $2,000 a month to spend.  Being a gift, the $2,000 a month doesn't have any effect on my other income (such as social security, pensions, wages earned, etc.)  Depending on their tax bracket, they'd only end up with about $13,500 ($37K - $24K) but they will receive that money for the rest of their lives and, after I die, they'll be able to enjoy the entire annual payment and they can choose to send gifts to their children.  This is what makes sense to me, even giving the ticket to a grandchild if he/she is of age, but we all have different ways of looking at money.