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Lottery Winner's Plans? Paying the Bills

Topic closed. 51 replies. Last post 7 years ago by dk1421.

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cypher's avatar - shapes swish.jpg

United States
Member #80204
September 18, 2009
35 Posts
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Posted: April 25, 2010, 7:40 pm - IP Logged

Right on Chris Shaw...awesome win!  Just do what you gotta do and walk slow!Party

"Quite often, more is less!"

    savagegoose's avatar - ProfilePho
    adelaide sa
    Australia
    Member #37136
    April 11, 2006
    3301 Posts
    Offline
    Posted: April 25, 2010, 7:56 pm - IP Logged

    he considers the kids his, well the law will soon consider them his as well.

    the gov has a habbit of changing tax laws and all i see is taxes going up for USA., by taking a lump sum he will miss out on the possible %90 top tax for millioaires.  in any of the next 29 years.

     

    i have some advice for him, and he can do it anonymously. come check out lottery post, he can stay anonymous and read some of the tale sof woe, and andvice for sudden wealth , theres is many good points.

     

    he can now pay himself $7 an hour and work his way thru a university course on financial planning and not take anymore until he graduates.

    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

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      United States
      Member #85338
      January 13, 2010
      143 Posts
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      Posted: April 26, 2010, 9:33 am - IP Logged

      With family being in a tough situation right now, I was hoping that I would be the winner.  This guy is in a toughe situation and I am glad that he won. 

       

      With that said, I hope that he has the wisdom to realize good advice and ignore the bad so that he and his family will benefit from this for a long time.

        Avatar

        United States
        Member #85338
        January 13, 2010
        143 Posts
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        Posted: April 26, 2010, 10:03 am - IP Logged

        Michimac.

        It was quick pick.  I saw the ticket on the youtube video....all 5 lines he bought were QP.

          bashley572's avatar - starwars14
          West Side of Sunny Florida
          United States
          Member #55048
          September 8, 2007
          3371 Posts
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          Posted: May 3, 2010, 6:00 am - IP Logged

          The next question is - Will the WINNER of the $266 million Mega Millions have missing teeth??

          Wonder if it would help my chances to get a couple knocked out?

          Money won is twice as good as money earned!

            dk1421's avatar - Lottery-024.jpg
            North Carolina
            United States
            Member #64582
            September 1, 2008
            347 Posts
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            Posted: May 3, 2010, 9:12 pm - IP Logged

            I still think that people that aren't used to money should go the annuity way. It's just better for so many reasons - unless they "sell" what they are still due to get some money immediately. That's plain stupid.

            My husband and I discussed this in great detail at one time. We agreed to do annuity.....back then. However, we are older now and would probably go the cash route. BUT....we would get financial planners first, to discuss the pros and cons.

            "Don't be a schmuck, always take the cash." -Coin Toss

              dk1421's avatar - Lottery-024.jpg
              North Carolina
              United States
              Member #64582
              September 1, 2008
              347 Posts
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              Posted: May 3, 2010, 9:13 pm - IP Logged

              Of course, by reading my "signature" you'd realize I would probably go the cash route. :-D

              Anonymously, of course!

              "Don't be a schmuck, always take the cash." -Coin Toss