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$338M NJ Powerball winner pledges to pay rent for his entire block

Topic closed. 294 replies. Last post 4 years ago by helpmewin.

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brees2012's avatar - animal whale.jpg

United States
Member #125177
March 26, 2012
180 Posts
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Posted: April 1, 2013, 8:45 am - IP Logged

I agree with you said . I know people who's Rich and one of the person who helps the community in my old town all the time .  He's donating thousands of dollars yearly to the school district , fire dept , and much more . That's the way people should donate to those in your town . 

   If I won that huge amount of money , I would donate to my town , school district , fire department , park , whatever the town needs , plus I would donate to vets who were in the military , there's a site where they recieve money and there's no CEO who makes Millions , the money goes directly to those who needs it .

    Oh I will have lawyers and others helping with this , I would never do this alone . I have family to help , so other words my money will help many people , but in a different way . Trust funds , College funds , and much more .

     My old town it's all being taken care like I said above , the doctor in that town he's provided so much to that town for years , he's not selfish that's for sure . 

  I know what I would do to help others.....

    brees2012's avatar - animal whale.jpg

    United States
    Member #125177
    March 26, 2012
    180 Posts
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    Posted: April 1, 2013, 8:51 am - IP Logged

    Agree 100%.............

    Education expensive , he can afford to help his own children and nieces , nephew etc...

    Called 529 if he wants to go that route ....College isn't cheap that's for sure especially

    when you're from out of state .. I know many 20's something in college and daily , I hear

    how hard the classes are and the cost of college ( books etcccc ) .

      Lucky4Life's avatar - batman14

      United States
      Member #85037
      January 7, 2010
      252 Posts
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      Posted: April 1, 2013, 9:55 am - IP Logged

      From what I've read, it takes about two weeks before you get your check.

      But, I highly doubt you'd have any problem getting a bank to front you a little money.

      This is also something people don't know:  When we recieved life insurance checks our bank would only release to us $200 the next day, then $5000 a few days later, then the full amount in 2 weeks.  and that is from checks drawn on Alfa and Liberty Mutual so it's not like it was some fly by night company. 

      Hopefully the lottery will do a wire transfer, that is your best route

        HaveABall's avatar - rocket

        United States
        Member #72448
        March 18, 2009
        1228 Posts
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        Posted: April 1, 2013, 11:12 am - IP Logged

        Society seems to be tougher on men. Its not a cry me a river episode. Its just what it is.

        Oh, good thing most of the employers aren't tough. Conehead

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

        Disney

          HaveABall's avatar - rocket

          United States
          Member #72448
          March 18, 2009
          1228 Posts
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          Posted: April 1, 2013, 11:29 am - IP Logged

          Perhaps Pedro's lawyer's plan will work, and this afternoon, the Judge of Pedro's '4 years back child support payments' case hearing will not jail, fine, or do anything against Pedro [after learning that in about 2 months, Pedro will be paying 1 month of his block's neighbor's rent AND the back child support will also be paid within 6 weeks to 2 months time].

          Idea

          If Pedro actually does end up paying 1 month of rent for all of the tenants, in the four or so nearby buildings on his residence's block, that will be a thrilling experience (I do hope that each of those tenants is smart enough to take their saved rent monies for the month and add to or create their own emergency fund). 

          I found it amusing that Pedro's landlord (or a different landlord on his block) likened his building's monthly mortgage payment to being a "rent payment."  Rather, each landlord on Pedro's block should be ecstatic if Pedro pays for the rent of every unit in their building (including the vacant ones)!

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

          Disney


            United States
            Member #116268
            September 7, 2011
            20244 Posts
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            Posted: April 1, 2013, 11:32 am - IP Logged

            Perhaps Pedro's lawyer's plan will work, and this afternoon, the Judge of Pedro's '4 years back child support payments' case hearing will not jail, fine, or do anything against Pedro [after learning that in about 2 months, Pedro will be paying 1 month of his block's neighbor's rent AND the back child support will also be paid within 6 weeks to 2 months time].

            Idea

            If Pedro actually does end up paying 1 month of rent for all of the tenants, in the four or so nearby buildings on his residence's block, that will be a thrilling experience (I do hope that each of those tenants is smart enough to take their saved rent monies for the month and add to or create their own emergency fund). 

            I found it amusing that Pedro's landlord (or a different landlord on his block) likened his building's monthly mortgage payment to being a "rent payment."  Rather, each landlord on Pedro's block should be ecstatic if Pedro pays for the rent of every unit in their building (including the vacant ones)!

            I'm guessing "their saved rent monies" will be used to buy lottery tickets. 

              Gleno's avatar - Lottery-001.jpg
              New Jersey
              United States
              Member #80354
              September 25, 2009
              705 Posts
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              Posted: April 1, 2013, 11:34 am - IP Logged

              Powerball winner Pedro Quezada is hosting a rent party — for his entire block.

              A close friend of the newly minted megamillionaire said Quezada promised to temporarily cover the housing costs for residents in the Passaic, N.J., neighborhood that housed his bodega.

              "He said he's going to pay the rent for everybody here on this block for at least a month or two months," the friend said Saturday outside Quezada's Apple Deli Grocery. "He's such a good guy."

              Word of Quezada's magnanimous gesture left several of his neighbors stunned.

              "God bless him, and thank you," crowed Richard Delgado, 45, after learning of the pledge.

              John Koblarz's eyes lit up when he heard Quezada had offered to cover his neighbors' rents.

              But then the 78-year-old landlord came to his senses.

              "Oh, he can't afford to pay mine," Koblarz said. "Mine is $20,000. I own the building!"

              Quezada, whose generosity is now the stuff of legend, was nowhere to be found Saturday, five days after he claimed the $338 million Powerball jackpot. But the Dominican immigrant was still the talk of the neighborhood.

              Residents said the hardworking Quezada, 45, is considered a local hero.

              "He's somebody who needs it, not like the people who had millions already and won it," said Delgado. Cheech Rivera, 57, said he hardly ever saw Quezada or his wife because they were always too busy working to attend summer block parties.

              "They struggled. They are always constantly working," said Rivera. "They don't really have time to get together with us."

              Piles of mail were stacked outside Quezada's home, including a letter from a Morgan Stanley adviser with a handwritten note on the envelope.

              "I want to help you," it read.

              Quezada put his bodega up for sale just two days after scoring the fourth-largest Powerball payout in history. The freshly retired Quezada opted for a lump-sum payout that will provide a $152 million payday.

              And he's already taken care of the $29,000 he owed in child support, according to his friend.

              Officials in Passaic County said Saturday that a child-support warrant was stayed until 1:30 p.m. on Monday, when Quezada is due to appear in court.

              Thanks to Original Bey for the tip.

              The common knowledge is that most big lottery winners lose their fortunes in five years. He will probably be no different. Hope he sets up an education trust fund for all his children.

                fwlawrence's avatar - Yavill
                Austin
                United States
                Member #9378
                December 6, 2004
                210 Posts
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                Posted: April 1, 2013, 11:39 am - IP Logged

                he should seriosly work out how much he will have as income before  declaring expenditure. thers also a big fat tax bill coming his way.  what is interes rates in usa %2 ? thats 20k per mill. maybe 2 million a year if he banks 100! and with FDIC only insures $250k per account, i dont think theres enough banks in america.

                2%?  I wish!  More like 0.1%! As for FDIC insurance, you can purchase more if you want to. With a deposit that large, the bank might even purchase it for you.

                  fwlawrence's avatar - Yavill
                  Austin
                  United States
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                  December 6, 2004
                  210 Posts
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                  Posted: April 1, 2013, 11:44 am - IP Logged

                  Have you ever wondered how Bill Gates handles endless request of money from people with sob stories?

                  He probably wrote some type of computer program to go through those requests!


                    United States
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                    Posted: April 1, 2013, 11:45 am - IP Logged

                    The common knowledge is that most big lottery winners lose their fortunes in five years. He will probably be no different. Hope he sets up an education trust fund for all his children.

                    Say it ain't so.

                      golfer1960's avatar - Lottery-003.jpg
                      Eatontown, NJ
                      United States
                      Member #119670
                      November 29, 2011
                      740 Posts
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                      Posted: April 1, 2013, 12:15 pm - IP Logged

                      To help LP readers better understand where Pedro and his actions are coming from, I would encourage members to read this article from the BBC about “A South American footballer playing in the English Premiership is spending his high salary not on fast cars and big houses, but on rebuilding an entire community where he grew up.

                      ”Ecuadorean footballer rebuilds village
                      http://news.bbc.co.uk/2/hi/americas/6302665.stm

                      Pedro lives, works, belongs to, and claims belonging with pride to a Latin community much like the one he left behind on the island. These communities often function like one giant extended family to the extents that after 2-1/2 decades of living in predominantly English Speaking USA, Pedro still uses Spanish as his primary language of communication to the extents that he answered the questions that were posed to him, in English and Spanish, at the press conference, all in Spanish.

                      The victories and failings of the community or village's sons and daughters, fathers and mothers, and children collectively, are seen as that of the community or village. A child's good report card is appreciated by those who are outside of its immediate family equally and alike, but are at large members of the community in which the child lives.

                      Pedro's win has placed his hometown of Passaic, N.J , front and center and zoomed in on, on the map of the USA and map of the world for anyone else out there, that may be paying attention to US lotteries.
                       
                      Pedro's victorious win is without question a victory for the community where Pedro lives . This is not to say that the win belongs to the community members equally. If Pedro had done something terribly bad, it will be perceived as demoting of the Community image.
                      Much like the Ecuadorian footballer that plays in the English league, there is a shared link that Pedro has in common, which is to share with his people, the people that he belongs to, and calls his neighbours with some of his winnings.

                      It is common in many traditions that when a good thing like improved wealth befalls a person, that,  he or she grants gifts of money to immediate neighbours, children and most especially to the less privileged, and generally helps out with finances to address and resolve neighbourhood needs that had been outstanding from lack of money.
                      I know this with certainty, because that is the way it is in the culture where I was born and grew up in.

                      This tradition is such that the day that Pedro takes his last breath, it is his community that will claim him and bury him, like they would do for one another. He came here 26 years ago, and chose to live with his own, and serve them, and related to them just like he was raised to do back home on the Islands

                      Pedro's win is a resolution and settlement that was done in his favor by both faith and fate, and perhaps Pedro knows it, and understands the meaning of the superior event that created the win for him, and the cleasing need to atone for wealth created from fundamentally dashed hopes, and regardless, share with others, by beginning at home, in line with the old human saying that 'Charity begins at home"

                      So let us all support Pedro in the spirit that he may extend his win as best as he can,  to  those around him that could use a helping hand to resolve problems that may have weighted them down for too long in thier lives.

                      Good job Factorem. I agree with you.

                        golfer1960's avatar - Lottery-003.jpg
                        Eatontown, NJ
                        United States
                        Member #119670
                        November 29, 2011
                        740 Posts
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                        Posted: April 1, 2013, 12:27 pm - IP Logged

                        You go Pedro! I ain't hatin. 

                        Pedro Quezada

                          Lucky4Life's avatar - batman14

                          United States
                          Member #85037
                          January 7, 2010
                          252 Posts
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                          Posted: April 1, 2013, 12:46 pm - IP Logged

                          To help LP readers better understand where Pedro and his actions are coming from, I would encourage members to read this article from the BBC about “A South American footballer playing in the English Premiership is spending his high salary not on fast cars and big houses, but on rebuilding an entire community where he grew up.

                          ”Ecuadorean footballer rebuilds village
                          http://news.bbc.co.uk/2/hi/americas/6302665.stm

                          Pedro lives, works, belongs to, and claims belonging with pride to a Latin community much like the one he left behind on the island. These communities often function like one giant extended family to the extents that after 2-1/2 decades of living in predominantly English Speaking USA, Pedro still uses Spanish as his primary language of communication to the extents that he answered the questions that were posed to him, in English and Spanish, at the press conference, all in Spanish.

                          The victories and failings of the community or village's sons and daughters, fathers and mothers, and children collectively, are seen as that of the community or village. A child's good report card is appreciated by those who are outside of its immediate family equally and alike, but are at large members of the community in which the child lives.

                          Pedro's win has placed his hometown of Passaic, N.J , front and center and zoomed in on, on the map of the USA and map of the world for anyone else out there, that may be paying attention to US lotteries.
                           
                          Pedro's victorious win is without question a victory for the community where Pedro lives . This is not to say that the win belongs to the community members equally. If Pedro had done something terribly bad, it will be perceived as demoting of the Community image.
                          Much like the Ecuadorian footballer that plays in the English league, there is a shared link that Pedro has in common, which is to share with his people, the people that he belongs to, and calls his neighbours with some of his winnings.

                          It is common in many traditions that when a good thing like improved wealth befalls a person, that,  he or she grants gifts of money to immediate neighbours, children and most especially to the less privileged, and generally helps out with finances to address and resolve neighbourhood needs that had been outstanding from lack of money.
                          I know this with certainty, because that is the way it is in the culture where I was born and grew up in.

                          This tradition is such that the day that Pedro takes his last breath, it is his community that will claim him and bury him, like they would do for one another. He came here 26 years ago, and chose to live with his own, and serve them, and related to them just like he was raised to do back home on the Islands

                          Pedro's win is a resolution and settlement that was done in his favor by both faith and fate, and perhaps Pedro knows it, and understands the meaning of the superior event that created the win for him, and the cleasing need to atone for wealth created from fundamentally dashed hopes, and regardless, share with others, by beginning at home, in line with the old human saying that 'Charity begins at home"

                          So let us all support Pedro in the spirit that he may extend his win as best as he can,  to  those around him that could use a helping hand to resolve problems that may have weighted them down for too long in thier lives.

                          while that's a heart warming read, it doesn't matter where he is coming from emotionally or physically, he won the money in the USA.  Unless he educates himself on US tax laws or hires someone to advise him this is going to spiral out of control very quickly.  It's a very slippery slope. I mean look at Arethra Franklin she just got hit with a huge tax lein and she's been handling her fame and fortune for, what, close to 40 years now?

                            ShowMeTheMoney$'s avatar - Lottery-050.jpg

                            United States
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                            March 21, 2013
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                            Posted: April 1, 2013, 1:03 pm - IP Logged

                            I have found in my conversations with people who play the lottery that most of them are not as educated in the  correct ways to behave when they win the lottery. 

                            They don't read the articles or comments on LP or USA Mega and most don't have a plan of how or what to do if they win. They just play without any real expectations of winning. None of the people I have spoken to in my travels know anything about this site or believe they will actually win. 

                            I, on the other hand, foolishly think I might win someday and henceforth have learned from this forum what to do and what not to do in case I win. 

                            All you need to be filthy rich is a $1.00 and a dream and if you're not prepared, it can turn into a nightmare.

                            If a person loses it all then I hope they had a good time spending it. God Bless them and watch over them.

                            If they invested it wisely and didn't let people take advantage of them then they were of that mind from the get go and God Bless them too.

                            I am also a fool like you.  I believe I will win someday too.  I think we are just optimists.  I just hope the big win is sooner rather than later.  I want to be able to enjoy the win, and I have definite plans on the money.   Every jackpot winner needs to have a plan, or it's a recipe for disaster. 

                            I'm not going to blow the money away.  I will live below my means.  And, I know how to say"NO."  Or to some people, "HELL NO!"   LOL

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                              Seattle, Washington
                              United States
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                              January 3, 2012
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                              Posted: April 1, 2013, 2:19 pm - IP Logged

                              I hate to say it, but he's already making mistakes that winners who lost their entire fortunes have made.  Apparently, he hasn't gotten a financial planner yet & is already shelling out big money to pay the bills of those around him.  I hope I'm wrong & he's able to hold onto his money, but we've seen this time & time again; the name Jack Whittaker comes to mind...

                                 
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