Welcome Guest
Log In | Register )
You last visited December 6, 2016, 3:06 am
All times shown are
Eastern Time (GMT-5:00)

Missouri Powerball winners live modestly, give back to hometown

Topic closed. 48 replies. Last post 4 years ago by jamella724.

Page 2 of 4
54
PrintE-mailLink
sully16's avatar - sharan
Ringleader
Michigan
United States
Member #81740
October 28, 2009
40402 Posts
Offline
Posted: February 25, 2013, 6:19 pm - IP Logged

They sound like real nice people, I wish them the best.

Did you exchange a walk on part in the war ?

For a lead role in a cage?

 

                                            From Pink Floyd's " Wish you were here"


    United States
    Member #108380
    March 25, 2011
    505 Posts
    Offline
    Posted: February 25, 2013, 6:24 pm - IP Logged

    Good for the winners. Passing up the Camaro for a pick up shows he's using his head. Both might have cost the same, or the pick up may have been more, but it will prove way more versatile.

    _______________________________________

    This, from the OP:

    Winning can be a burden

    History is replete with lottery winners whose lives have gone sour after becoming rich.

    The National Endowment for Financial Education cites research estimating that 70 percent of people who suddenly receive a large sum of money will lose it within a few years.

    Makes me wonder. Let's say you won enough that you got $100M after taxes, and just for the sake of discussion you decided to give six people $1M each.

    70% of 6 is 4.2 so we'll call that 4 people. Statistically, according to this anyway, 4 of the 6 you gave $1M to will lose it. Guess what theyr're going to do when they lose it. They're going to come back yto you and ask for more.

    "Man you still have tens of millions, slap another mil on me, be a buddy."

    how about buying both the truck and the camaro. it would help the car dealership(s). i'm just saying stashing the money with some investment firm only helps the investment firm who will probably befuddle them on their profits. what they should do is build a tornado sound warning signal tower since they live right smack in the middle of tornado alley. it seems they are trying to help out the town in dribs and drabs so they aren't bad people. the paltry amount to resurrect some storefronts would have the impact of sticking a common pin into a pumpkin on their bankroll. if they did it right and got the right people to run the right type of businesses they would probably even make some money out of it if they used their heads like you think they are doing. instead they probably have 95% of it invested with some capital investment firm.

      Artist77's avatar - batman14

      United States
      Member #121745
      January 16, 2012
      4788 Posts
      Offline
      Posted: February 25, 2013, 6:47 pm - IP Logged

      how about buying both the truck and the camaro. it would help the car dealership(s). i'm just saying stashing the money with some investment firm only helps the investment firm who will probably befuddle them on their profits. what they should do is build a tornado sound warning signal tower since they live right smack in the middle of tornado alley. it seems they are trying to help out the town in dribs and drabs so they aren't bad people. the paltry amount to resurrect some storefronts would have the impact of sticking a common pin into a pumpkin on their bankroll. if they did it right and got the right people to run the right type of businesses they would probably even make some money out of it if they used their heads like you think they are doing. instead they probably have 95% of it invested with some capital investment firm.

      You cannot reestablish small businesses (that closed) in small towns when everyone shops at walmart and can get a better deal..  It sounds like you want them to establish a company town run by them....that would not benefit anyone. It is not the free market.

      J'aime La France.


        United States
        Member #108380
        March 25, 2011
        505 Posts
        Offline
        Posted: February 25, 2013, 7:58 pm - IP Logged

        You cannot reestablish small businesses (that closed) in small towns when everyone shops at walmart and can get a better deal..  It sounds like you want them to establish a company town run by them....that would not benefit anyone. It is not the free market.

         i don't want them to do anything but spend some money on something rather than have it hoarded in some foreign investment fund. a coffee shop or town offices or a pool hall comes to mind. anything to refurbish the downtown would give residents some pride rather than looking at boarded up old decaying storefronts. you seem to want them to make investments to make them richer or to save their money for a rainy day. i don't know where you get the company town idea from. no one expects them to open up a mine and force people to shop in their downtown stores, and live in row houses that they would build. what they could do is finance a condo complex to get more people into the town to help it thrive. not that far from kansas city for commuting is it. they have too much money to sit on. they are in no danger of becoming the next jack whittaker.

          Avatar
          Seattle, Washington
          United States
          Member #121153
          January 3, 2012
          120 Posts
          Offline
          Posted: February 25, 2013, 9:35 pm - IP Logged

          I'm always happy to see lottery winners who are unaffected by their sudden wealth.  Good for them!

            golfer1960's avatar - Lottery-003.jpg
            Eatontown, NJ
            United States
            Member #119670
            November 29, 2011
            740 Posts
            Offline
            Posted: February 26, 2013, 12:08 am - IP Logged

            The Hills have given money for good projects around town like a fire station, ball field and land for a new sewage treatment plant. I wonder if they will have a problem saying "NO" to people. Quietly, this could be a couple that might have money troubles later on.

              noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
              Bay Area - California
              United States
              Member #136477
              December 12, 2012
              4106 Posts
              Offline
              Posted: February 26, 2013, 1:34 am - IP Logged

              If memory serves me correct- Cindy was the one that said something to the effect" crazy people had better not come out of the woodwork looking for a handout from them"..Glad  to see the Hills grounded.
              All the best and enjoy your winnings.Party

                IPlayWeekly's avatar - avatarmoney
                Columbus, Ohio
                United States
                Member #128906
                June 5, 2012
                591 Posts
                Offline
                Posted: February 26, 2013, 7:41 am - IP Logged

                Great story, however, trying to keep things normal won't remain realistic.  When you've got 150 million (not regular multi millions) how can you relate to issues related to the common man.  Over the next few months things will change, watch


                  United States
                  Member #116268
                  September 7, 2011
                  20244 Posts
                  Offline
                  Posted: February 26, 2013, 11:01 am - IP Logged

                  They sound like real nice people, I wish them the best.

                  I Agree! Best wishes.

                    Piaceri's avatar - sarsony1
                    Republic of Texas
                    United States
                    Member #57557
                    January 9, 2008
                    1095 Posts
                    Offline
                    Posted: February 26, 2013, 1:14 pm - IP Logged

                     i don't want them to do anything but spend some money on something rather than have it hoarded in some foreign investment fund. a coffee shop or town offices or a pool hall comes to mind. anything to refurbish the downtown would give residents some pride rather than looking at boarded up old decaying storefronts. you seem to want them to make investments to make them richer or to save their money for a rainy day. i don't know where you get the company town idea from. no one expects them to open up a mine and force people to shop in their downtown stores, and live in row houses that they would build. what they could do is finance a condo complex to get more people into the town to help it thrive. not that far from kansas city for commuting is it. they have too much money to sit on. they are in no danger of becoming the next jack whittaker.

                    It would be pretty dumb to invest in something where there are no customers. The storefronts closed for some reason, most likely lack of customers. Would you consider it a wise investment to open a business without the marketing research needed to determine if there are even any customers? Or do you want these people, blessed as they are with this win, to employ people to sit around and do nothing? That is what labor unions are for.

                    And good God, give these people some time to figure out where the best place is to 'invest' in their community. It's only been 3 months. They have a lifetime of 'investing' in their community. Just because they don't empty their bank accounts the day after the win does not mean they are being "overly conservative". This is not a community win. This couple won the jackpot, and it is their's to do as they wish. You have no say, and neither does anyone else. They put up the $2 for that number, you did not. What other purpose is there for playing the lottery than to win for yourself?

                    And please, really, your ignorance about investments is showing. Without investments, businesses do not get injections of cash they can use to expand. When you invest, not only do you and your investment firm benefit, the economy as a whole benefits. 

                     

                    You sound resentful of their win. Why is that? It was not yours to win this time. When your time comes, I sure hope some ignorant dumbass doesn't second guess your financial plans.

                     

                    It sounds to me these two are being very smart with their win. Congrats to them, and best wishes for the future.

                    face

                    singlewinnersinglewinnersinglewinner   


                      United States
                      Member #108380
                      March 25, 2011
                      505 Posts
                      Offline
                      Posted: February 26, 2013, 1:42 pm - IP Logged

                      It would be pretty dumb to invest in something where there are no customers. The storefronts closed for some reason, most likely lack of customers. Would you consider it a wise investment to open a business without the marketing research needed to determine if there are even any customers? Or do you want these people, blessed as they are with this win, to employ people to sit around and do nothing? That is what labor unions are for.

                      And good God, give these people some time to figure out where the best place is to 'invest' in their community. It's only been 3 months. They have a lifetime of 'investing' in their community. Just because they don't empty their bank accounts the day after the win does not mean they are being "overly conservative". This is not a community win. This couple won the jackpot, and it is their's to do as they wish. You have no say, and neither does anyone else. They put up the $2 for that number, you did not. What other purpose is there for playing the lottery than to win for yourself?

                      And please, really, your ignorance about investments is showing. Without investments, businesses do not get injections of cash they can use to expand. When you invest, not only do you and your investment firm benefit, the economy as a whole benefits. 

                       

                      You sound resentful of their win. Why is that? It was not yours to win this time. When your time comes, I sure hope some ignorant dumbass doesn't second guess your financial plans.

                       

                      It sounds to me these two are being very smart with their win. Congrats to them, and best wishes for the future.

                      i just like to stir things up for entertainment purposes. my only question is where is the money sitting at after 3 months. no one expects them to "empty"their bank accounts to reconstruct the town, although they seem to have made a committment to do something since they plan to stay there???. i'm sure they will become pariahs and be resented by many for not helping enough. no, they don't have to, but have opened up a can or worms and are pretty much in a no win situation. either shell out major cash to the community or leave it altogether. if they choose to lock down and stay resentment will fester. people will comment that they're making the investment bankers a ton of money and they could do more to help us since they erroneously decided to stay there. this is why most jackpot winners flee their hometown to avoid these situations. they could tear down the storefront and build recreation areas for the kids since no one thinks that a profit can be made from business operations since no one lives there apparently.

                        HaveABall's avatar - rocket

                        United States
                        Member #72448
                        March 18, 2009
                        1228 Posts
                        Offline
                        Posted: February 26, 2013, 1:48 pm - IP Logged

                        Interesting, stimulating, comments to read thus far. Snowman

                        Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                        Disney

                          Piaceri's avatar - sarsony1
                          Republic of Texas
                          United States
                          Member #57557
                          January 9, 2008
                          1095 Posts
                          Offline
                          Posted: February 26, 2013, 1:50 pm - IP Logged

                          i just like to stir things up for entertainment purposes. my only question is where is the money sitting at after 3 months. no one expects them to "empty"their bank accounts to reconstruct the town, although they seem to have made a committment to do something since they plan to stay there???. i'm sure they will become pariahs and be resented by many for not helping enough. no, they don't have to, but have opened up a can or worms and are pretty much in a no win situation. either shell out major cash to the community or leave it altogether. if they choose to lock down and stay resentment will fester. people will comment that they're making the investment bankers a ton of money and they could do more to help us since they erroneously decided to stay there. this is why most jackpot winners flee their hometown to avoid these situations. they could tear down the storefront and build recreation areas for the kids since no one thinks that a profit can be made from business operations since no one lives there apparently.

                          You are really good at stirring the pot. Do you have any friends? LOL.

                           

                          I will agree with you that there will be resentment from some. I think in a smaller down, that sort of thing will be less because the real 'demand' would be less. Most people in small towns like to be self sufficient, and when these people step up where there is actual need... like $ to build the new fire station that is closer to the highways, or the cost of land for a new sewage treatment plant that may have already been budgeted for except for the cost of the land.

                          To be effective, you need to identify the real needs vs wants. They are doing a good job so far. I'm sure this is something they plan on continuing for many years.

                          face

                          singlewinnersinglewinnersinglewinner   

                            destiny1's avatar - Lottery-008.jpg
                            New Member

                            United States
                            Member #126373
                            April 8, 2012
                            2 Posts
                            Offline
                            Posted: February 26, 2013, 2:06 pm - IP Logged

                            it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

                             

                            You sound like one of those who would lose it in a few years. Those "belt tightening conservative midwesteners" have only had the money for 3 months. Let them go slow and make the "right" choices for everyone concerned. It serves no one if they fritter it away in foolishness.


                              United States
                              Member #108380
                              March 25, 2011
                              505 Posts
                              Offline
                              Posted: February 26, 2013, 2:37 pm - IP Logged

                              it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

                               

                              You sound like one of those who would lose it in a few years. Those "belt tightening conservative midwesteners" have only had the money for 3 months. Let them go slow and make the "right" choices for everyone concerned. It serves no one if they fritter it away in foolishness.

                              even I, as bad as i am with money couldn't rip through that much ever. yes, their pace is slow and they are being wise, but they are in their 50's. it's like they driving 15 miles an hour in a 30 mph zone. most would agree they shouldn't have stayed there. for what to go down to the convenience store for coffee every morning bring the kansas city newspaper back and sit down and watch the amanda show. i sincerely believe that powerball jackpots should only carryover once. if no one hits it after the 2nd drawing it should be split amongst what is now the million dollar winners (eliminate that power play option) no one needs this much money. it is more of a burden than people realize. spreading it around would benefit the econmy more than one or two giant winners allowing some investment firm to prosper. that benefits no one but the rich.