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Missouri Powerball winners live modestly, give back to hometown

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

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rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
United States
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April 28, 2009
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Posted: February 26, 2013, 3:24 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.

"It serves no one if they fritter it away in foolishness."

I don't think I'd ever fritter my money away if I won.

Never really cared much for fritters anyway.

Well... maybe an apple fritter on occasion.

But I can't stand corn fritters.

Truth be told - I don't like hush puppies neither.

And I don't care who knows it.


                                             
                     
                                         

 

 

 

 

                                                                                                   

"The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                            --Edmund Burke

 

 

    jeffrey's avatar - moon
    Hamilton, OH
    United States
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    Posted: February 26, 2013, 3:25 pm - IP Logged

    they better learn to say no.


      United States
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      September 7, 2011
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      Posted: February 26, 2013, 3:27 pm - IP Logged

      "It serves no one if they fritter it away in foolishness."

      I don't think I'd ever fritter my money away if I won.

      Never really cared much for fritters anyway.

      Well... maybe an apple fritter on occasion.

      But I can't stand corn fritters.

      Truth be told - I don't like hush puppies neither.

      And I don't care who knows it.

      I Agree! The last thing a winner needs to worry about is fritters.Green laugh


        United States
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        March 25, 2011
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        Posted: February 26, 2013, 3:57 pm - IP Logged

        I Agree! The last thing a winner needs to worry about is fritters.Green laugh

        actually, if they fritter it away (which they won't) it would benefit more people than if they stash it with investment bankers, who will use it to build casinos in macau or somewhere else to make the best profit for (them) and the missouriites. i still maintain that all that cash in the hands of those shyster bankers is doing less good (for the populace in general) than it would if say for example they hired home builders to construct affordable housing in that community and sold them for cost for lure people there so they would stimulate the local economy (while still holding their jobs in kansas city) by patronizing the rebuilt downtown stores which the current locals could operate. i mean ok 50k for land for the sewage treatment plant which probably could have been obtained by the town by emminent domain for less probably will benefit these winners sewage situation also. i really couldn't care less if they converted it all to cash and stored it in a back shed which eventually would catch fire and burn. that would make a better story than someone winning and forming a trust and never hear or know what happened to it ever. these people as congenial as they may sound or are will eventually have to leave that place to find somewhere more condusive to their situation. they stick out like a sore thumb there currently.

          Piaceri's avatar - sarsony1
          Republic of Texas
          United States
          Member #57557
          January 9, 2008
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          Posted: February 26, 2013, 7:33 pm - IP Logged

          "It serves no one if they fritter it away in foolishness."

          I don't think I'd ever fritter my money away if I won.

          Never really cared much for fritters anyway.

          Well... maybe an apple fritter on occasion.

          But I can't stand corn fritters.

          Truth be told - I don't like hush puppies neither.

          And I don't care who knows it.

          Scared What self respectin Southerner doesn't like hush puppies?!?!?!? Thud

           

          As winners of a jackpot, PB or whatever, it is their right to fritter it away if they want to. Maybe they can open a store in one of those boarded up storefronts and specialize in fritters. 

          White Bounce

           

          This is for you faber98 Chair Your spread the wealth and 'nobody needs that much money' attitudes just don't jive with winning jackpot lotteries.

          face

          singlewinnersinglewinnersinglewinner   

            Artist77's avatar - batman14

            United States
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            Posted: February 26, 2013, 7:44 pm - IP Logged

            Scared What self respectin Southerner doesn't like hush puppies?!?!?!? Thud

             

            As winners of a jackpot, PB or whatever, it is their right to fritter it away if they want to. Maybe they can open a store in one of those boarded up storefronts and specialize in fritters. 

            White Bounce

             

            This is for you faber98 Chair Your spread the wealth and 'nobody needs that much money' attitudes just don't jive with winning jackpot lotteries.

            I Agree!

            J'aime La France.

              Avatar
              New York, NY
              United States
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              December 24, 2011
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              Posted: February 26, 2013, 9:30 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.

              I've noticed u always stir the pot whenever people win lots of money. Remember is not their responsibility to fix their town. Its their local government's. They give back to their community because they choose to. Im sure if and when townspeople begin to harass them for more money, they'll get up and move.


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                Posted: February 27, 2013, 12:39 pm - IP Logged

                I've noticed u always stir the pot whenever people win lots of money. Remember is not their responsibility to fix their town. Its their local government's. They give back to their community because they choose to. Im sure if and when townspeople begin to harass them for more money, they'll get up and move.

                i just firmly believe lottery jackpots should be capped. lots of money to me would be 10 million. the greed factor of people on this site astounds me. many won't spend 2.00 unless the jackpots are 100 million+. anyone or everyone has the right to do what they want in this regard. i don't know why people root for these large jackpot winners to be frugal and hang on to every dollar as if it were their last. spread some of it around cindy, you can't take it with you. i never advocated that they should give back to their 1 horse town. no one who wins this amount knows what to do with it, so they let investment bankers play with it, which helps virtually no one. i would rather see 100 people win 1 million, than 1 person win 100 million.


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                  Posted: February 27, 2013, 5:09 pm - IP Logged

                  they better learn to say no.

                  I wonder if this would work?

                  Agree to a press conference with a written guarantee from the news agency that a particular 1 minute segment of your comments make it to the news.  In this minute, clearly inform everyone that you are telling them in advance that IF THEY ASK YOU FOR ANYTHING THEY WILL GET NOTHING, and that you will choose who will get a share, and how much.  Then, when someone asks, all you'll have to do is give them a copy of the news release or a video of your conference. Smile

                    Avatar
                    New Member
                    Midwest
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                    Posted: February 27, 2013, 5:21 pm - IP Logged

                    i just firmly believe lottery jackpots should be capped. lots of money to me would be 10 million. the greed factor of people on this site astounds me. many won't spend 2.00 unless the jackpots are 100 million+. anyone or everyone has the right to do what they want in this regard. i don't know why people root for these large jackpot winners to be frugal and hang on to every dollar as if it were their last. spread some of it around cindy, you can't take it with you. i never advocated that they should give back to their 1 horse town. no one who wins this amount knows what to do with it, so they let investment bankers play with it, which helps virtually no one. i would rather see 100 people win 1 million, than 1 person win 100 million.

                    Maybe you are too young to understand how money works, or possibly you are simply ignorant becuase of lack of experience.  In more than one of your posts, you made it known that you don't like people investing money.  You act like there is some evil cabal of investment professionals that do nothing but sit back and "take" money.

                    It's called the free market, and if left to work it will. I have started a portfolio with a firm, and both the firm itself and any stock or bond I purchase make a commission.  However, like an old teacher taught me, "80% of something is ALWAYS more than 100% of ZERO".  You might not know that all those business that expand need those investments to do so.

                    Also, where do think all the money comes from to pay all the police, fire, teachers, etc who get a pension?  That comes from investments. Who are you to say what is too much?  Just because you say 10 million is too much, that might not suit the next person?  Do you think 10 million is too much of a yearly salary for a CEO? Do you think the government should decide how much people can or can't make?

                    I wish you well in your life.


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                      Posted: February 27, 2013, 5:49 pm - IP Logged

                      Maybe you are too young to understand how money works, or possibly you are simply ignorant becuase of lack of experience.  In more than one of your posts, you made it known that you don't like people investing money.  You act like there is some evil cabal of investment professionals that do nothing but sit back and "take" money.

                      It's called the free market, and if left to work it will. I have started a portfolio with a firm, and both the firm itself and any stock or bond I purchase make a commission.  However, like an old teacher taught me, "80% of something is ALWAYS more than 100% of ZERO".  You might not know that all those business that expand need those investments to do so.

                      Also, where do think all the money comes from to pay all the police, fire, teachers, etc who get a pension?  That comes from investments. Who are you to say what is too much?  Just because you say 10 million is too much, that might not suit the next person?  Do you think 10 million is too much of a yearly salary for a CEO? Do you think the government should decide how much people can or can't make?

                      I wish you well in your life.

                      i'm all for people investing their hard earned money with a reputable investment firm or program in order to increast their net worth. i do believe there is an assortment of evil investment professionals who are out to get all they can from anyone who invests with them. not all but some. check out some on the web who are currently awaiting trial or have been convicted. i just don't see how these winners investing 130 million or so is going to be used to pay teachers, fire, and police etc. maybe in some indirect taxation form it will go to them. they have no choice but to invest it since they have too much to hide in their missouri hillside shanty. yes, 10 million dollars a year is too much of a salary for a CEO. what do they do to earn it really. no the govt. shouldn't decide how much someone can make. this is about winning a lottery and not really knowing what to do with it. no one would. throwing a couple of bones to their hometown coffers to paint themselves as being good generous people is merely a facade. they will earn all that back in interest on their investments (if someone doesn't bilk them) in a month. i just fail to understand why they didn't spend the winter in hawaii instead of enduring 2 blizzards and a tornado while heading down to get coffee at the convenience store. i'm calling cindy a grade I cheapskate and would to her face. she just appears to me as someone who doesn't want to spend any of it unless it is necessary. her right of course but really don't you think they could afford 2 new vehicles instead of hemming and hawing over whether to buy the truck or camaro? tightwad cindy needs to get a clue.

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                        Bay Area - California
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                        Posted: February 27, 2013, 7:00 pm - IP Logged

                        i'm all for people investing their hard earned money with a reputable investment firm or program in order to increast their net worth. i do believe there is an assortment of evil investment professionals who are out to get all they can from anyone who invests with them. not all but some. check out some on the web who are currently awaiting trial or have been convicted. i just don't see how these winners investing 130 million or so is going to be used to pay teachers, fire, and police etc. maybe in some indirect taxation form it will go to them. they have no choice but to invest it since they have too much to hide in their missouri hillside shanty. yes, 10 million dollars a year is too much of a salary for a CEO. what do they do to earn it really. no the govt. shouldn't decide how much someone can make. this is about winning a lottery and not really knowing what to do with it. no one would. throwing a couple of bones to their hometown coffers to paint themselves as being good generous people is merely a facade. they will earn all that back in interest on their investments (if someone doesn't bilk them) in a month. i just fail to understand why they didn't spend the winter in hawaii instead of enduring 2 blizzards and a tornado while heading down to get coffee at the convenience store. i'm calling cindy a grade I cheapskate and would to her face. she just appears to me as someone who doesn't want to spend any of it unless it is necessary. her right of course but really don't you think they could afford 2 new vehicles instead of hemming and hawing over whether to buy the truck or camaro? tightwad cindy needs to get a clue.

                        I can understand your position on this topic, my earlier port on the wife reflects her thinking to some degree. At the news conference or to seperate reporters she mentioned how grand it was to win half the prize BUT threw in the line about th e re better not be "crazy people"  coming out and asking for a handout..just who would " these people be" if not local townsfolk? Perhaps she may have regretted using that kind of language or the husband told her to back off those statements by usinh some of the winnings as a gesture to cout goodwill,,  but you right why not  pay for the entire water/sewage unit- even if it cost $10 mil..so what? There's plenty more where that came from.


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                          Posted: February 27, 2013, 7:03 pm - IP Logged

                          Live modestly? Give back to hometown? 

                          Are you kidding me? What a waste of a jackpot win of this magnitude. This is a life changing amount of money beyond comprehension for most people. Seriously, what a total complete lack of imagination and waste of using their new wealth. 

                          Yes, giving back to your hometown is great and all but hell, live a little! You won over $100 million not $100 thousand. LOL

                          And still living in Missouri...Roll Eyes Nothing wrong with the state, but if you're worth $100 million+ there are far better places to live with that much loot in your pocket.   It's just the total lack of imagination that gets me. I'm not saying to go out and blow the money on 20+ cars and yachts. I'm just saying couldn't they have bought the redneck truck AND the new sports car?  I mean, $130 million is still enough for this sort of wild spending, yes? LOL

                          Again, I'm sure they're great people and all (how the heck would I know) but live a little people!! You're only going around this merry-go-round once! Smash

                          As far as 70% of new money folks going broke, pfft. If you're an imbecile like David Edwards who spends every last nickel yes. If you're smart and know how to indulge without being a redneck idiot, you will be fine.


                            United States
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                            Posted: February 27, 2013, 7:53 pm - IP Logged

                            Live modestly? Give back to hometown? 

                            Are you kidding me? What a waste of a jackpot win of this magnitude. This is a life changing amount of money beyond comprehension for most people. Seriously, what a total complete lack of imagination and waste of using their new wealth. 

                            Yes, giving back to your hometown is great and all but hell, live a little! You won over $100 million not $100 thousand. LOL

                            And still living in Missouri...Roll Eyes Nothing wrong with the state, but if you're worth $100 million+ there are far better places to live with that much loot in your pocket.   It's just the total lack of imagination that gets me. I'm not saying to go out and blow the money on 20+ cars and yachts. I'm just saying couldn't they have bought the redneck truck AND the new sports car?  I mean, $130 million is still enough for this sort of wild spending, yes? LOL

                            Again, I'm sure they're great people and all (how the heck would I know) but live a little people!! You're only going around this merry-go-round once! Smash

                            As far as 70% of new money folks going broke, pfft. If you're an imbecile like David Edwards who spends every last nickel yes. If you're smart and know how to indulge without being a redneck idiot, you will be fine.

                            amazing! finally 2 people (noise-gate) and (hotslot3) who actually get it. good solid posts! they were not obligated to do anything for anybody or anytown. but by choosing to remain there they had to something to save face in that community. i've ball park calculated the interest daily on 130,000,000 and at a modest 5% it comes to around 18,000.00 a day! i'm willing to bet cindy's husband wanted both vehicles and probably a new house with a 3 car garage. but cindy nixed that as their current home is probably liveable and she made him choose between the camaro or the more practical truck. another day and half of interest earnings would cover the camaro but tightwad cindy put her probably overweight foot down. the land purchase, ballfield, and fire station might cost them less than 2 weeks interest income. yet, people continue to laud these people as saints and root for them to increase their net worth which if cindy has her way (we know who wears the pants in that family) will increase to 190,000,000.00 in 10 years. good for them. it appears they will never spend any of the original 130,000,000.00. i for one hope they get bilked.

                              Piaceri's avatar - sarsony1
                              Republic of Texas
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                              January 9, 2008
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                              Posted: February 27, 2013, 9:21 pm - IP Logged

                              faber98, you are just jealous and bitter. Get over it. LOL.

                               

                              Y'all have to remember that most advisors are going suggest to any winners not to make any large financial purchases or decisions for the 1st 6 months. There is a lot to think about and a lot to learn about money of this magnatude. What these people do 3 months after the win will not be the same a year later. The first 6 months after a jackpot win is a time to plan what they want to do with the money, and to plan well enough that they still have money in 20, 50, or however many years - money to leave for their children or grandchildren. Or money to leave a legacy behind.

                              face

                              singlewinnersinglewinnersinglewinner