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£10 million lottery winner blows fortune, in debt

Topic closed. 39 replies. Last post 9 years ago by naijaman.

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colthmn's avatar - Lottery-028.jpg
Inglewood
United States
Member #41769
June 22, 2006
122 Posts
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Posted: February 14, 2008, 12:14 am - IP Logged

You've got to be kidding, right? If not, I have a real problem for you to solve then! Why in Gods name do each and everyone of you females have 20, 30 and some of you have 40 to 50 pairs of shoes for? I'll be damed if you could ever give a logical explanation for such an over indulgence! NO Man will ever except you even trying to explain such a thing. Because their could never be a satisfactory, (better yet) an rational explanation for such irrational behavior! NONE, ZILCH, NADA!

So, with that said, there could "never" be a woman better at handling any financial matters in a household better than a man! Take note guys! All women lie about how much they spend at the stores! What ever they tell you, you better add another 15 - 20% more to the total they tell you and then you're closer to the real ball park figure they really spent! And guys, that's just on the average! 

AND THAT'S A FACT!!!!!!!!!!!!!!!

In the Lion Kingdom, females will often go out and hunt, bringing back the prey to the lone male. And of course he has his work cut out for him in terms of reproduction. Poor tired fella! Well, when we look at social conditions, economic conditions, trends, and of course alternative lifestyles etc.  we may be gaining a view of reverse harems! It's not so hard to figure what to do! Well.!!!!!!!!!!!!!  Will this change abruptly, if at all? In process of time like everything else. Be like water, go with the flow!!!

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    917 Posts
    Offline
    Posted: February 14, 2008, 2:39 am - IP Logged

    I noticed something.  Most lottery winners who blow through their jackpot winnings are usually are males. Why is that?

    Just yesterday my wife said if we ever win the lottery that she was going to control the money.  After much debate.  We decided to just spend the interest from the jackpot but she will be incontrol of the Jackpot and the interest is fair game. She is a banker.

    Oh and I forgot that the media actually has covered women who blew millions they came into.  I think one of the daytime talk shows had a few of the women who had lost a close family member in the 9/11 attacks and how some of them went on wild spending sprees and blew ALL of the money they had gotten from that Victims Fund (some blew the entire 1.5 million in addition to the proceeds they got from private life insurance, group insurance and their deceased spouse's 401k).  So no gender is infallable when it comes to properly handling money.

    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!

      Omniscient's avatar - Lottery-017.jpg
      Florida
      United States
      Member #46570
      September 14, 2006
      558 Posts
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      Posted: February 14, 2008, 12:33 pm - IP Logged

      Your right omniscient..the last thing in the world is to walk down mainstreet with a big check in my hands and wearing a Burger King hat.

      thanks for that cnn webpage .i've been looking for that for a few weeks now........

      No problem ... I thought it was a good article as well... had to share it. Hope it helps others re-think how they might handle a lottery win should it fall in their hands.

       See full size image                                               

       Don't Play more, Play Smarter!

        Avatar
        Baton Rouge, LA
        United States
        Member #4602
        May 7, 2004
        699 Posts
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        Posted: February 16, 2008, 10:25 am - IP Logged

        The thing that gets me about alot of these big winners is how much money they give away.  I don't understand why people do this.  If I win, I don't plan to do this.  If anyone asks me for money, they aren't getting any, period.  Alot of the people they give money to probably wouldn't give them $5 to buy a fast food lunch if they were broke.

        The way I look at is if would these people want to be around me if I didn't have the money?  That question needs to be asked by alot of people who have anything nice, whether it be a nice car, big house, inground swimming pool, money, etc., would these people who are hanging around now still be around if it's all gone?  I find 95% of the time the answer is "NO."

        Just my opinion.

        Prisoner Six

        "I am not a number, I am a free man!"

          Avatar

          Honduras
          Member #20982
          August 29, 2005
          4715 Posts
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          Posted: February 16, 2008, 7:36 pm - IP Logged

          The 5 year maximum applies to bank CDs. After 5 years, you could roll them over into new 5 year CDs at whatever the rate was at that point. 0.5% = 0.005, which on $20 million yields $100,000 per year.

          If you want fixed interest rates for periods longer than 5 years, then you're looking at corporate bonds or gov't notes & bonds. 

          what do you mean i don't get you..

          i went to the bank and they told me that for 1 million dolllars i will get 41,000 dollars yearly at 4% interest rates...so if i have 20 million i will get 820,000 a year....plus the tax...I don't know where you get the 100,000 a year...

            savagegoose's avatar - ProfilePho
            adelaide sa
            Australia
            Member #37136
            April 11, 2006
            3300 Posts
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            Posted: February 18, 2008, 8:20 am - IP Logged

            i often tell people i wont buy a house, or car ill own a car hjire company and property company. limited loability of course. then when some jhackass thinks " theres that multu mull;ion dollar lotto winner, ill bounce of his car and sue " well go ahead it aint my car.

             

            just some company with limited ibnsurance, same as a bozo clinbing ya fence and getting hurt falling on ya spiked garden ornaments.

             

            too bad pal i dont own the place in just leasing.

             

             but well i do tend to be a bit paranoid

            2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

            keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

              tntea's avatar - Lottery-059.jpg

              United States
              Member #5344
              June 30, 2004
              23641 Posts
              Offline
              Posted: February 18, 2008, 9:51 am - IP Logged

              You've got to be kidding, right? If not, I have a real problem for you to solve then! Why in Gods name do each and everyone of you females have 20, 30 and some of you have 40 to 50 pairs of shoes for? I'll be damed if you could ever give a logical explanation for such an over indulgence! NO Man will ever except you even trying to explain such a thing. Because their could never be a satisfactory, (better yet) an rational explanation for such irrational behavior! NONE, ZILCH, NADA!

              So, with that said, there could "never" be a woman better at handling any financial matters in a household better than a man! Take note guys! All women lie about how much they spend at the stores! What ever they tell you, you better add another 15 - 20% more to the total they tell you and then you're closer to the real ball park figure they really spent! And guys, that's just on the average! 

              AND THAT'S A FACT!!!!!!!!!!!!!!!

              Sorry to burst your bubble.. but all women do not lie about what is spent at the stores.   I don't and I am sure there are others too.  I earn my own money, so it doesn't matter how many pairs of shoes I have.   The shoes are only part of my outfits I wear to work.  Women care about how they look when they leave the house.  It wouldn't bother me if my husband had 20 pairs of shoes, as long as he looked nice.

              My husband and I don't blow money.  You wouldn't see us in the shape this couple is in after a huge win.  We would continue to travel as usual before the win.   We would continue to cook good food here at home.  No fancier clothes than what we already wear.  No new sports cars.

                   OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                JackpotWanna's avatar - squiz

                United States
                Member #4121
                March 23, 2004
                817 Posts
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                Posted: February 18, 2008, 2:58 pm - IP Logged

                ugh oh Jackpot

                You made it too easy for me. LOL.

                 

                We all know that women handle finances much better than men. It's a given fact, proven for centuries.  Okay I know the guys will respond with some killer posts, but its a fact.  Its an unwritten rule in my house, the lottery budget will be handled by me. Tell you wife  Kudos from Lottocalgal.

                You never know until you win.  Money changes people.  I think it is best to get lots of professional advice before making a big buy.  I like the idea of spending the interest only from a large jackpot.(mega cash 100,000,000 x .05 = 5 million.   After taxes 3 millon.   About 250,000 per month ) 

                250,000 

                Get an allowance = $5000 per week - $20000 a month (me) and wife gets $7000 per week $28,000 

                $102,000 for household expenses. 

                Put the remaining 100,000 into another interest saving fund stort term ( 6 month CD ).   

                  Bondi Junction
                  Australia
                  Member #57242
                  December 24, 2007
                  1102 Posts
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                  Posted: February 18, 2008, 11:01 pm - IP Logged

                  The mistake he made was going public with his win. The UK lottery allowed winners to remain anonymous, while they like winners to go public, it is good publicity for the lottery. I think winners are crazy to go public.

                    Avatar
                    PA
                    United States
                    Member #53427
                    July 7, 2007
                    30 Posts
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                    Posted: March 16, 2008, 11:57 pm - IP Logged

                    Sheesh...another moron blows it all. All he had to do was invest in a money market account @ 4.5%, which comes to 450k a year, which is 37.5k a month. Any bozo who can't live off almost 40k a month needs an ass whooping.