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$590M Powerball winner still shops at Walmart

Topic closed. 170 replies. Last post 3 years ago by jamella724.

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United States
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September 7, 2011
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Posted: June 20, 2013, 4:30 pm - IP Logged

As I remember the story, she split the prize with one of her sons.

http://www.lotterypost.com/news/262064 

"Prior to the Lottery drawing, she and her son Scott had an agreement to split any proceeds with each other.


    United States
    Member #116268
    September 7, 2011
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    Posted: June 20, 2013, 4:36 pm - IP Logged

    No...I see the need for her to have attorneys and planners. She has kids, grandkids and great grandkids she probably wants to leave a lot of money for and would probably want them to not get stiffed by too many unnecessary taxes. That makes sense to me.

    So they each had an attorney and thats why they needed TWO?

      Teddi's avatar - Lottery-008.jpg

      United States
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      May 13, 2013
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      Posted: June 20, 2013, 5:07 pm - IP Logged

      Welcome, Frostednostrals, LOL cool name,

      regarding your last paragraph,

      could'nt agree more about the spending spree idea, seems to me that's the start of a bad habit.

       

      I mean, how in the world would exercising something in your system, get it out of your system ?

      exercising something will just make it stronger.

      There is a huge difference between exercising and exorcising. 

      When you're given a certain amount of money to spend on things, it (apparently) curbs the need to overspend later on. It doesn't remove that need, but it helps to control it. 

      Allowing adults to spend crazily didn't make much sense to me when I first heard this.

      I don't think adults with a windfall are any better at impulse control than a kid in a toy store. But it's all about psychology

      Tell a kid they have $100 but it's all going in a bank and they'll resent they have money they can't use on what they want. Eventually they get access to that $100 & overspend; they're buying all the things they wanted but could never have. 

      Give a kid $20 of that money, tell him to spend it on anything that $20 can buy, he'll find something he loves and "has to have", and, for at least a while, isn't focused on the other 80 bucks he isn't to use. He will eventually, but in the interim, while he's busy with the absurd toy, that $80 is making interest he can spend when the urge to spend strikes again thus keeping the 80 safe. 

      Ask yourself why so many JP winners who start off with good intentions of no frivolous spending end up going broke just like the others who had no budget?  Because 100% abstinance doesn't work. A live bomb always blows. If you can control the explosion, you can limit the damage.

        brees2012's avatar - animal whale.jpg

        United States
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        March 26, 2012
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        Posted: June 20, 2013, 5:29 pm - IP Logged

        Teddi,

        This is why, I rather live on a monthly budget.  Live within my
                    means.

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          Kentucky
          United States
          Member #32652
          February 14, 2006
          7295 Posts
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          Posted: June 24, 2013, 10:10 am - IP Logged

          There is a huge difference between exercising and exorcising. 

          When you're given a certain amount of money to spend on things, it (apparently) curbs the need to overspend later on. It doesn't remove that need, but it helps to control it. 

          Allowing adults to spend crazily didn't make much sense to me when I first heard this.

          I don't think adults with a windfall are any better at impulse control than a kid in a toy store. But it's all about psychology

          Tell a kid they have $100 but it's all going in a bank and they'll resent they have money they can't use on what they want. Eventually they get access to that $100 & overspend; they're buying all the things they wanted but could never have. 

          Give a kid $20 of that money, tell him to spend it on anything that $20 can buy, he'll find something he loves and "has to have", and, for at least a while, isn't focused on the other 80 bucks he isn't to use. He will eventually, but in the interim, while he's busy with the absurd toy, that $80 is making interest he can spend when the urge to spend strikes again thus keeping the 80 safe. 

          Ask yourself why so many JP winners who start off with good intentions of no frivolous spending end up going broke just like the others who had no budget?  Because 100% abstinance doesn't work. A live bomb always blows. If you can control the explosion, you can limit the damage.

          "Allowing adults to spend crazily didn't make much sense to me when I first heard this."

          At least the adult jackpot winners are only spending their winnings. Who are the fools allowing the Federal and State governments to spend our money crazily?

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            Texas
            United States
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            September 4, 2012
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            Posted: July 11, 2013, 6:46 am - IP Logged

            I think that is the good thing about lottery winners that they keep their feet on the ground. However I think their safety is being compromised. I hope no bad guys will take advantage of them. Indeed the winners have a lot to take in for winning huge amount of prize.

               
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