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$2.7 million lottery winner down to his last $10

Topic closed. 61 replies. Last post 8 years ago by Ronnie316.

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maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
Massachusetts
United States
Member #37432
April 14, 2006
2747 Posts
Offline

They should not regret, it will just get them depressed. They had a great time living large. Most of us will never get that opportunity. Just go get jobs and live normal lives like everyone else.

That money's gone fo ever

    dallascowboyfan's avatar - chi
    Oklahoma
    United States
    Member #82389
    November 12, 2009
    6371 Posts
    Offline

    *gasp* there may be an episode of LCML I haven't seen!!!!

    It was an older one the young lady was in California & her father told her to call his friend who happens to be a Financial Adviser she made the right choice.

    I Love Pink & Green 1908

      HaveABall's avatar - rocket

      United States
      Member #72446
      March 18, 2009
      1391 Posts
      Offline

      Perhaps he can go ask for his old job back?

      Probably not, Ronnie316, since for the past 6 years his country has also had high unemployment rates.  It is difficult for people who have been COMPLETELY OUT of the job market to obtain part-time and full-time jobs (in any field, at any pay rate).  That is why he was forced to create his own business (hire himself), yet it doesn't pay much more than cost of living low (he said it isn't enough to pay off his family's current debt load after paying utilities, mobile phone, and Internet). 

      It would have been very interesting if the article had indicated if he or his wife, or both, requested their government to officially mark them bankrupt; thereby dismissing any credit card, and etc. debts.  The article also didn't indicate if he 100% purchased all real estate, or if he obtained partial mortgages.  If several mortgages, it would be interesting to hear how many properties have already completed the multi-months foreclosure process.  Of course, when one's credit is low, potential employers notice when they run background and credit checks and instead offer position to one of the other three equally skilled job applicants.  Low credit scores, bankruptcies, and foreclosures on background checks can swiftly bury a job applicant and prevent them from promotions too (when the background checks and credit score reports are re-ordered).  Usually a bummer, that self-employment is the ONLY remaining source of income!

      I certainly feel sorry for this family of four!  The money should have been looked at as being apx. $400L in EACH of their four retirement accounts.  Then it would have been obvious that there wasn't excess money available to any of them to purchase expensive: home, home furnishings, cars, vacations, jewelry, shopping sprees, real estate investments, education, and parties.  Both of the children would have remained in public school, and both of their parents would have remained in full-time employment to keep everyone fully distracted during their weekdays.

      Lastly, if his business income remains small, it may make sense for him to move in with his parents for several years (share paying their utilities and internet bills with them; since he isn't able to pay them back loans from these past six years).

      Sad

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

      Disney

        jeffrey's avatar - moon
        Hamilton, OH
        United States
        Member #4162
        March 27, 2004
        277 Posts
        Offline

        not me. i want my chance for money freedom. at least he is pull daisys rather than pushing them, get a job.

          DC81's avatar - batman39
          MI
          United States
          Member #54828
          August 31, 2007
          985 Posts
          Offline

          Another fine example that just because you're "educated" doesn't mean you're smart but at least now, way too late, he admits it.

          You can't predict random.

            dallascowboyfan's avatar - chi
            Oklahoma
            United States
            Member #82389
            November 12, 2009
            6371 Posts
            Offline

            Probably not, Ronnie316, since for the past 6 years his country has also had high unemployment rates.  It is difficult for people who have been COMPLETELY OUT of the job market to obtain part-time and full-time jobs (in any field, at any pay rate).  That is why he was forced to create his own business (hire himself), yet it doesn't pay much more than cost of living low (he said it isn't enough to pay off his family's current debt load after paying utilities, mobile phone, and Internet). 

            It would have been very interesting if the article had indicated if he or his wife, or both, requested their government to officially mark them bankrupt; thereby dismissing any credit card, and etc. debts.  The article also didn't indicate if he 100% purchased all real estate, or if he obtained partial mortgages.  If several mortgages, it would be interesting to hear how many properties have already completed the multi-months foreclosure process.  Of course, when one's credit is low, potential employers notice when they run background and credit checks and instead offer position to one of the other three equally skilled job applicants.  Low credit scores, bankruptcies, and foreclosures on background checks can swiftly bury a job applicant and prevent them from promotions too (when the background checks and credit score reports are re-ordered).  Usually a bummer, that self-employment is the ONLY remaining source of income!

            I certainly feel sorry for this family of four!  The money should have been looked at as being apx. $400L in EACH of their four retirement accounts.  Then it would have been obvious that there wasn't excess money available to any of them to purchase expensive: home, home furnishings, cars, vacations, jewelry, shopping sprees, real estate investments, education, and parties.  Both of the children would have remained in public school, and both of their parents would have remained in full-time employment to keep everyone fully distracted during their weekdays.

            Lastly, if his business income remains small, it may make sense for him to move in with his parents for several years (share paying their utilities and internet bills with them; since he isn't able to pay them back loans from these past six years).

            Sad

            I don't feel sorry for them it's one thing if they were taken advantage off by a shady lawyer or financial adviser but their downfall is of their own doing "Roger also splurged on a fleet of fancy cars and luxuries like tailor-made suits and Cartier diamond jewellery"

            "Roger and Lara flew to Dubai, Florida and Majorca in the months after his win."

            "They bought champagne by the case and partied with celebs like Take That as they enjoyed the millionaire lifestyle."

            Now it is sad that they divorced especially how it affects the children.

            I Love Pink & Green 1908

              rdgrnr's avatar - walt
              100
              Way back up in them dadgum hills, son!
              United States
              Member #73902
              April 28, 2009
              14903 Posts
              Offline

              porsche's.  yeah by time i noticed the spelling i couldn't  edit my post, i was hoping  it slipt past with no one noticing

              We all knew whatcha meant buddy, but you know me, sometimes I just can't resist. Wink

                sully16's avatar - sharan
                25
                Dr.President Elect
                Michigan
                United States
                Member #81738
                October 28, 2009
                89792 Posts
                Offline

                I got two porches. A front porch and a back porch.

                Built 'em both myself.  Big Grin

                hehehehe

                 US Flag

                  Avatar

                  United States
                  Member #131116
                  August 2, 2012
                  57 Posts
                  Offline

                  He did not lose his money spending that amount on a house. He lost his money buying a bunch of cars, booze, crazy expensive vacations (you can take a vacation or more then 1 with out spending CRAZY amount of money. Jewelry, and expensive suits or w.e else.

                  If I won you won't see me buying 10 cars, expensive clothes, jewelry, ect.........It is not the houses that get people in trouble it's the other crap, and the stuff NOT needed.

                    Avatar
                    London
                    United Kingdom
                    Member #140678
                    March 24, 2013
                    589 Posts
                    Offline

                    He did not lose his money spending that amount on a house. He lost his money buying a bunch of cars, booze, crazy expensive vacations (you can take a vacation or more then 1 with out spending CRAZY amount of money. Jewelry, and expensive suits or w.e else.

                    If I won you won't see me buying 10 cars, expensive clothes, jewelry, ect.........It is not the houses that get people in trouble it's the other crap, and the stuff NOT needed.

                    I'd rather go broke buying houses because they hold their value, buying 4-5 vacations is what will make you broke and cars and clothes.

                    £2.50 and a dream!

                      Avatar
                      wisconsin
                      United States
                      Member #130748
                      July 23, 2012
                      221 Posts
                      Offline

                      The guy did a youtube video explaining what became of the money, quite interesting.

                        savagegoose's avatar - ProfilePho
                        adelaide sa
                        Australia
                        Member #37135
                        April 11, 2006
                        3341 Posts
                        Offline

                        The guy did a youtube video explaining what became of the money, quite interesting.

                        could you post a link?

                        " Still swinging, still missing "
                        2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

                        keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

                        :

                          rdgrnr's avatar - walt
                          100
                          Way back up in them dadgum hills, son!
                          United States
                          Member #73902
                          April 28, 2009
                          14903 Posts
                          Offline

                          could you post a link?

                          Here ya go: http://www.youtube.com/channel/UCCBcTHkamK2JyqgMoeK3wog

                          I hope that is what he was referring to.

                            Avatar
                            London
                            United Kingdom
                            Member #140678
                            March 24, 2013
                            589 Posts
                            Offline

                            Here ya go: http://www.youtube.com/channel/UCCBcTHkamK2JyqgMoeK3wog

                            I hope that is what he was referring to.

                            Thanks.

                            £2.50 and a dream!

                              savagegoose's avatar - ProfilePho
                              adelaide sa
                              Australia
                              Member #37135
                              April 11, 2006
                              3341 Posts
                              Offline

                              thanks,  its good to see real people. we can call him all sorts of names but  bottom  line is, we learn from his mistake.  good luck Roger, next time you win , you'll know better.

                              " Still swinging, still missing "
                              2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

                              keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

                              :