Welcome Guest
Log In | Register )
You last visited December 3, 2016, 8:36 am
All times shown are
Eastern Time (GMT-5:00)

Lottery winner who spent $20M on boyfriend's bail money to appear on 'Fix My Life' series

Topic closed. 62 replies. Last post 3 months ago by Unluckyone.

Page 4 of 5
4.25
PrintE-mailLink

United States
Member #108380
March 25, 2011
505 Posts
Offline
Posted: August 26, 2016, 7:11 am - IP Logged

The help she needs is more than just money management.  Roll Eyes

On tv to get help?  C'mon   !    I agree with the above comment...find sound advice privately by a trusted professional.

no such thing as a "trusted" financial planner. they are all out for the same thing. to separate you from your money so they can get at it. some more than others, yes ,but they are not regulated by anyone which is why they get into this racket. they only steal portions of it but there is no way you can keep track of where and how much is invested or what the actual returns are. they know you would get tired of trying to keep track of it all and just let them do it. they get together in their office and cackle about charging an extra 0.25% on a particular investment "they made" and probably don't even inform you. all lawyers are liars or they wouldn't be lawyers.

    music*'s avatar - nw bookeep.jpg
    Happy California
    United States
    Member #157856
    August 2, 2014
    1506 Posts
    Offline
    Posted: August 26, 2016, 1:42 pm - IP Logged

    faber98, These are good reasons to use www.cdars.com  and ICS.  ICS can be found at the bottom of the webpage of www.cdars.com  ICS will cover demand deposit accounts and/or money market deposit accounts.

     CDARS will insure $50,000,000.00 through CDs covered by FDIC. 

     You will be dealing with banks and not stock brokers or lawyers.

     This way will help me control my greed. Safety instead of risk.

    Dance

     I've been rich and I've been poor. Believe me, rich is better. 

     Attributed to Joe E. Lewis and others

      Artist77's avatar - batman14

      United States
      Member #121745
      January 16, 2012
      4783 Posts
      Offline
      Posted: August 26, 2016, 4:30 pm - IP Logged

      faber98, These are good reasons to use www.cdars.com  and ICS.  ICS can be found at the bottom of the webpage of www.cdars.com  ICS will cover demand deposit accounts and/or money market deposit accounts.

       CDARS will insure $50,000,000.00 through CDs covered by FDIC. 

       You will be dealing with banks and not stock brokers or lawyers.

       This way will help me control my greed. Safety instead of risk.

      Dance

      I plan on doing that as well.

      J'aime La France.

        lejardin's avatar - Lottery-014.jpg

        United States
        Member #118609
        November 4, 2011
        931 Posts
        Offline
        Posted: August 26, 2016, 5:05 pm - IP Logged

        faber98, These are good reasons to use www.cdars.com  and ICS.  ICS can be found at the bottom of the webpage of www.cdars.com  ICS will cover demand deposit accounts and/or money market deposit accounts.

         CDARS will insure $50,000,000.00 through CDs covered by FDIC. 

         You will be dealing with banks and not stock brokers or lawyers.

         This way will help me control my greed. Safety instead of risk.

        Dance

        The $50,000,000 insurance coverage is very important.  Regular banks only cover $250,000. per account.  What in the world would anyone do with the winnings if you leave it in the banks, et al.  Good info.

          LiveInGreenBay's avatar - driver
          Green Bay
          United States
          Member #169391
          October 15, 2015
          1238 Posts
          Offline
          Posted: August 26, 2016, 5:40 pm - IP Logged

          The $50,000,000 insurance coverage is very important.  Regular banks only cover $250,000. per account.  What in the world would anyone do with the winnings if you leave it in the banks, et al.  Good info.

          LOL!  Insurance is only a feel good thing.  Case in point... Several years ago a major hail storm hit my area.  Everyone around me had their roofs replaced due to damage.  Guess I waited too long to claim.  They sent the "deny guy" to my house.  Said I had no damage.  LOL!  Same thing with FDIC.  When the s hi t hits the fan, you're out of luck.  Don't count on them to cover your losses.  And don't buy 50 mil worth of coverage.  When the bubble bursts, try to collect.

          Never give up.  Banana

            lejardin's avatar - Lottery-014.jpg

            United States
            Member #118609
            November 4, 2011
            931 Posts
            Offline
            Posted: August 26, 2016, 5:54 pm - IP Logged

            Well ok,  point taken.  Cannot disagree.  FDIC is what I meant about the banks covering only $250,000 per account.  Now that I think about it, had home insurance for 7 years without a claim then had a washer hose leak and flooded other rooms.  I recall they paid a lousy $600 and increased the premiums.

            My original plan of all cash will still stand.  That will be hard enough to do.

              music*'s avatar - nw bookeep.jpg
              Happy California
              United States
              Member #157856
              August 2, 2014
              1506 Posts
              Offline
              Posted: August 26, 2016, 5:55 pm - IP Logged

              LiveInGreenBay, There is www.treasurydirect.gov  Many different ways to protect your winnings.

              Dance

               I've been rich and I've been poor. Believe me, rich is better. 

               Attributed to Joe E. Lewis and others

                Avatar
                New Member
                northern fl
                United States
                Member #161495
                December 1, 2014
                11 Posts
                Offline
                Posted: August 26, 2016, 5:58 pm - IP Logged

                UNDER CONSTRUCTION wow//Bash no history

                  music*'s avatar - nw bookeep.jpg
                  Happy California
                  United States
                  Member #157856
                  August 2, 2014
                  1506 Posts
                  Offline
                  Posted: August 26, 2016, 6:09 pm - IP Logged

                  Try www.treasurydirect.gov  sorry about the .com  I tried it and .gov works.

                   I've been rich and I've been poor. Believe me, rich is better. 

                   Attributed to Joe E. Lewis and others

                    music*'s avatar - nw bookeep.jpg
                    Happy California
                    United States
                    Member #157856
                    August 2, 2014
                    1506 Posts
                    Offline
                    Posted: August 26, 2016, 6:15 pm - IP Logged

                    Well ok,  point taken.  Cannot disagree.  FDIC is what I meant about the banks covering only $250,000 per account.  Now that I think about it, had home insurance for 7 years without a claim then had a washer hose leak and flooded other rooms.  I recall they paid a lousy $600 and increased the premiums.

                    My original plan of all cash will still stand.  That will be hard enough to do.

                     lejardin, Just imagine how much you will be able to self insure after winning big. Car insurance, Home insurance, Health insurance, etc..

                     I would still be covered by Umbrella coverage just in case someone slips on my property.

                     I've been rich and I've been poor. Believe me, rich is better. 

                     Attributed to Joe E. Lewis and others


                      United States
                      Member #108380
                      March 25, 2011
                      505 Posts
                      Offline
                      Posted: August 27, 2016, 10:01 am - IP Logged

                      LOL!  Insurance is only a feel good thing.  Case in point... Several years ago a major hail storm hit my area.  Everyone around me had their roofs replaced due to damage.  Guess I waited too long to claim.  They sent the "deny guy" to my house.  Said I had no damage.  LOL!  Same thing with FDIC.  When the s hi t hits the fan, you're out of luck.  Don't count on them to cover your losses.  And don't buy 50 mil worth of coverage.  When the bubble bursts, try to collect.

                      he's right. any insurance, stock market investments, municipal bonds will turn into a scam when everyone tries to collect at the same time. it's a pyramid scheme. sure they can pay out to people as long as there aren't a multitude of claims. if california falls into the sea via an earthquake, no one will collect a nickel. if yellowstone erupts forget about filing a claim when your house is covered in 10' of soot along with hundreds of thousands of others. insurance companies spend the money you give them and have to rely on future premiums from people to keep it going. all these life insurance policies are also a high risk investment. you die and they say oh you missed one payment just before he died so we cancelled your policy. or you were late with a payment twice so that violated a fine print agreement that you probably didn't even know about but too bad. financial planners who are not regulated by anyone have volumes of excuses ready to foist on you if you try to cash out everything. it would take forever and you'd be lucky to get some in dribs and drabs from these vultures. just one of many reasons why you should play lotteries with prizes under 1m. besides having a better chance to hit one there isn't a human being or a business anywhere that you can trust to guard your money. even health insurance is a scam. about 40 years ago they wised up and starting charging deductibles that now are unaffordable while still paying premiums that are totally too high. they know not that many people even use this insurance. look at the office buildings they build with your money and all the people they hire who laugh their way out the door every payday. they get together in meetings and guffaw about how people just send us money and we don't even have a product and our premium inflow far outperforms our claim outflow. they have charts and graphs to keep track of this and never lose money. but you will. so the idiots who won't play the lottery until the prizes are 300m or more will find out along with never hitting it that there is no way you can protect that much money. you should just give most of it away to people you know or else someone will find a way to steal it.

                        Drenick1's avatar - villiarna
                        USA
                        United States
                        Member #152799
                        February 25, 2014
                        1090 Posts
                        Offline
                        Posted: September 1, 2016, 10:55 am - IP Logged

                        faber98, These are good reasons to use www.cdars.com  and ICS.  ICS can be found at the bottom of the webpage of www.cdars.com  ICS will cover demand deposit accounts and/or money market deposit accounts.

                         CDARS will insure $50,000,000.00 through CDs covered by FDIC. 

                         You will be dealing with banks and not stock brokers or lawyers.

                         This way will help me control my greed. Safety instead of risk.

                        Dance

                        With the majority of CD's yielding 1-1.75% depending on the time frame selected it only makes sense if you have an ungodly amount of money sitting around and have no desire to grow your wealth. No doubt it's a safe option but not a good choice for a few million dollars.

                          brees2012's avatar - animal whale.jpg

                          United States
                          Member #125177
                          March 26, 2012
                          176 Posts
                          Offline
                          Posted: September 1, 2016, 3:06 pm - IP Logged

                          A North Carolina woman who spent part of her $188 million lottery jackpot bailing her boyfriend out of jail is due to appear on a Fix My Life reality series.

                          Marie Holmes, who won a $188 Powerball jackpot in 2015, made headlines when she spent more than $20 million of her newfound fortune bailing her boyfriend, Lamar "Hot Sauce" McDow, out of jail on multiple occasions.

                          The Oprah Winfrey Network announced Holmes is slated to appear on Iyanla: Fix My Life in September. The network said Holmes recorded her interview with self-help guru Iyanla Vanzant just 48 hours before McDow was slated to report for a 10 year prison sentence after pleading guilty to drug charges.

                          OWN said the interview will see Vanzant attempt "to help Marie cope with her new fortune before she loses it all."

                          Holmes' lotto winnings have also been put to good use in the form of buying school supplies for 300 children and making a $680,000 donation to the Pleasant Hill Missionary Baptist Church in Brunswick County.

                          Thanks to MaximumMillions for the tip.

                          Finally she's doing something good with that $$$$$$$$ .

                            brees2012's avatar - animal whale.jpg

                            United States
                            Member #125177
                            March 26, 2012
                            176 Posts
                            Offline
                            Posted: September 1, 2016, 3:07 pm - IP Logged

                            I Agree!

                              Erzulieredeyes's avatar - spider miss.png
                              Painesville, Ohio
                              United States
                              Member #117718
                              October 12, 2011
                              215 Posts
                              Offline
                              Posted: September 2, 2016, 9:05 pm - IP Logged

                              I think its pretty sad when a lottery winner has to appear on a program called "Fix my life".

                              Why is it sad? It tells me she knows she needs the help and seeks the help from a professional that can guide her on the right path to ''FIX'' and turn her life around before it's too late. 

                               

                              Nothing sad about wanting to ''FIX' your life.

                              It would be sad if she didn't want to fix her life and continued on like David Edwards and Jack Whittikar and other lottery losers. I'm happy for her that she wants professional help.

                               

                              And Iyanla Vanzant will give it to her straight and not sugarcoat one word of advice. There's nobody that can give you better advice then someone that has already been through something someone else has been through and Iyanla has been through pretty much everything Marie is going through.