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Colorado homeless man wins $500,000 in lottery

Topic closed. 36 replies. Last post 11 months ago by myturn.

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Jacksonville
United States
Member #153806
March 26, 2014
345 Posts
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Posted: December 8, 2015, 6:43 pm - IP Logged

It looks like he was a well deserving winner.  Although, I kind of question the wisdom of buying lotto tickets if you are poor and homeless.  Other homeless people should not see this as an example of how to spend their limited funds.

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    United States
    Member #164725
    March 12, 2015
    339 Posts
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    Posted: December 8, 2015, 7:16 pm - IP Logged

    Hope he gets and/or stays sober and his daughter takes him in because after taxes, the 500k is not that much to live on for the rest of your life.

      plumsage's avatar - rinard

      United States
      Member #132459
      September 4, 2012
      287 Posts
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      Posted: December 8, 2015, 7:25 pm - IP Logged

      What a feel good story.  Hopefully things will get even better for him here on out.

      Happy healthy wealthy and wise.

        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
        Bay Area - California
        United States
        Member #136477
        December 12, 2012
        4102 Posts
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        Posted: December 8, 2015, 10:47 pm - IP Logged

        I wish nothing but the very best for this Gentleman.

        Somewhere over the Rainbow......White Bounce

        People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

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          Westfield, MA
          United States
          Member #132920
          September 15, 2012
          51 Posts
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          Posted: December 9, 2015, 12:08 am - IP Logged

          Good, inspiring story.

          Hi Sully16,

          Although I don't comment much, I do read most stories and the comments left by members.

          Anyway, I was driving around today running errands and "Wish You Were Here" came on my radio and I immediately thought of your reference to it in your sig.

          I think the following is almost right before the line you have in your sig and for some reason I remembered it:

           

          "Did they get you to trade ... your heroes for ghosts?"

           

          It just stayed stuck in my head all day.

           

          Thought I'd mention this just for the heck of it.

          Happy Holidays!

          JoeCanWin

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            Westfield, MA
            United States
            Member #132920
            September 15, 2012
            51 Posts
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            Posted: December 9, 2015, 12:29 am - IP Logged

            Will his daughter take him in? Maybe, but getting to know each other after 20 years seems more important.

            He could just rent a nice place close to her. IMHO he should not buy a house! After taxes on the win and a house he will be broke. We don't want that.

            I just wish him the best and hopefully his daughter will give him a second chance.

            At least now he has the opportunity to take that chance.

            He has the ball now...

              Tialuvslotto's avatar - Jailin
              Texas
              United States
              Member #150797
              December 31, 2013
              814 Posts
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              Posted: December 9, 2015, 8:31 am - IP Logged

              Looks like his luck is beginning to change for the better! Hat  Best Wishes to him. 

              "There is no such thing as luck; only adequate or inadequate preparation to cope with a statistical universe."

              ~Robert A. Heinlein

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                United States
                Member #34931
                March 9, 2006
                98 Posts
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                Posted: December 9, 2015, 10:19 am - IP Logged

                "after taxes, the 500k is not that much to live on"

                $350,000 invested in VWEAX would provide around $1,600 before-tax monthly dividends.

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                  CA
                  United States
                  Member #167942
                  August 7, 2015
                  34 Posts
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                  Posted: December 9, 2015, 10:39 am - IP Logged

                  Great story .I love to here stories like this especially around Christmas .It gives us all  hope that miracles do happen when u think positive,have faith and believe.Congrats Michael Engfors and I hope he goes buy himself a home  and transportation.

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                    NY
                    United States
                    Member #23835
                    October 16, 2005
                    3474 Posts
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                    Posted: December 9, 2015, 12:49 pm - IP Logged

                    "$350,000 invested in VWEAX would provide around $1,600 before-tax monthly dividends."

                    $1600 a month isn't a much to live on even if it's after taxes.

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                      United States
                      Member #34931
                      March 9, 2006
                      98 Posts
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                      Posted: December 9, 2015, 1:59 pm - IP Logged

                      "$1600 a month isn't a much to live on"

                      Correct . . but a lot of folks making $10 an hour have adapted.

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                        Franklin-n.c
                        United States
                        Member #37194
                        April 12, 2006
                        35 Posts
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                        Posted: December 9, 2015, 3:10 pm - IP Logged

                        Good thing he is not homeless in NC he would still be scratching

                          travelintrucker's avatar - morph
                          Greenville, SC
                          United States
                          Member #169870
                          November 4, 2015
                          374 Posts
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                          Posted: December 9, 2015, 7:30 pm - IP Logged

                          A bout with alcoholism? It's going to be hard to fight the bottle. I wonder how many bottles of Jack you can buy with $500,000.

                          May the balls bounce in your favor!

                            HaveABall's avatar - rocket

                            United States
                            Member #72448
                            March 18, 2009
                            1227 Posts
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                            Posted: December 10, 2015, 12:22 am - IP Logged

                            "after taxes, the 500k is not that much to live on"

                            $350,000 invested in VWEAX would provide around $1,600 before-tax monthly dividends.

                            Yes, gy65, it's lovely amount.  It is enough in case he is unable to work a job.  So, perhaps this transient, modest lottery winner could rent a room for $500/month (utilities included) in some homeowner's  2000 sq. ft. home.  Anywhere he chooses.  This way, if one town doesn't provide much joy, after 6 months or so, he could search for the same type of arrangement in a different state that his recent research at a local library shows is desirable to him. 

                            Anyhow, I hope he doesn't have to wait 45 days to receive post income taxed monies.

                            Banana

                            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
                              1227 Posts
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                              Posted: December 10, 2015, 12:24 am - IP Logged

                              A bout with alcoholism? It's going to be hard to fight the bottle. I wonder how many bottles of Jack you can buy with $500,000.

                              A moot point, since this lottery winner won't receive anything close to $500K for spending/investing/saving.

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

                              Disney