With more money, more problems? Managing a windfall
December 6, 2004
|Posted: January 12, 2011, 1:03 pm - IP Logged|
Congratulations to the winners. I hope the winner in Postfalls, Idaho steps forward before it expires.
You forgot to also say "takes the cash option and doesnot have problems later in life".
Miami Garden Fl
January 7, 2011
|Posted: January 18, 2011, 10:53 am - IP Logged|
I'm am going ot be happy because i'll be the nex lottery winner soon and very soon and my
favorite word will be Thanks You Lord!!!
For mY Blessings.
San Diego, CA
February 12, 2008
|Posted: January 19, 2011, 7:58 pm - IP Logged|
I will be very happy to except the windfall, hire a couple bodyguards and my favorite word will become NO!!!
Albuquerque, New Mexico
June 18, 2004
|Posted: January 20, 2011, 4:46 pm - IP Logged|
For me, the stock market would be out of the question, Bernie, anyone? Unless, those investments are pretty conservative with little nor no loses. Although CDs, most money markets, mutual funds, and bank interests are not yielding high returns, at least they are conservative investments.
As far as financial planners are concerned, I might consult a couple -- but it does not mean I would take their advice. Most banks will be glad to give you that advice free or can refer you to someone, especially if you are a large depositer, aka, lottery winner. If the financial planners are so good at what they do, why are they not wealthy? What are they doing with their money? Why should I retain them, possibly spending $100,000 to give me advice. I enjoy keeping my money, not giving it away.
Finally, some of the sad stories you hear are from family members who had the audacity to think they are entitled to someone's winnings. So, to avoid that...just give them a $1.00 and tell them to dream!
-- Bye, bye! When you win, may you glow as brightly as the
April 11, 2006
|Posted: January 21, 2011, 10:47 am - IP Logged|
i made a suggestion here about having a pocket full of $1 tickets if i wona jackpot, then when peopple came a begging id give em a $1 ticket and wish em luck. a lot of people here thought i was being too generous.
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
September 1, 2008
|Posted: January 23, 2011, 9:44 pm - IP Logged|
There is such thing as Kidnap & Ransom insurance, probably a real good idea for jackpot winners.
I've joked about this before, but it really is time for some lawyers and financial gurus to get together and form a Jackpot Winners Protection Program (a take off on the Witness Protection Program).
They woluld represent the winners at the press conference, handle correspondence, etc...all tghe while "insualting" the winners from the inevitalbe hassles, please for money and such.
If such a thing existed it would certainly be worth it.
That sounds great! You and Todd should start one up!
In fact, if I do win an obscene amount of money, I like the idea of hiring Todd to go do my press conference. :-) Then he can do free promo's for his sites.
"Don't be a schmuck, always take the cash." -Coin Toss