North Carolina Lottery winner: "$4 million is not much these days"

Aug 10, 2022, 4:52 pm (60 comments)

Lucky for Life

Lucky for Life top prize winner shrugs off prize, says the money won't go far

By Kate Northrop

GASTONIA, N.C. — A lottery player who won the Lucky for Life top prize of $1,000 a day for life was doubtful that the money would go far in today's economy.

In a time of rising inflation and high gas prices, one North Carolina man was not feeling the shock and awe most winners usually feel when they win a big prize in the lottery.

In fact, Jimmie Shindler of Gastonia does not have any lavish vacations or home projects planned for the near future even after winning $1,000 a day for life.

On Tuesday, the North Carolina Lottery announced that Shindler bought a $2 Lucky for Life ticket through Online Play and won the game's top prize of $1,000 a day for life, which can also be claimed as a lump sum.

He matched all five white balls — 1, 17, 25, 27, and 42 — and the yellow Lucky Ball 10 to win the top prize for last Wednesday's drawing on Aug. 3. The odds of winning the top prize in Lucky for Life are 1 in 30,821,472.

Shindler showed up at Lottery headquarters in Raleigh on Monday to claim his winnings, which can either be received as $365,000 a year each year for the rest of his life or a $5.75 million lump sum. He opted for the lump sum and ended up taking home $4.08 million after taxes.

However, the 60-year-old didn't have much to say about how the money could be put to good use.

"Just going to save the money," Shindler told The Charlotte Observer. "$4 million is not much these days, my friend."

Instead of booking an exotic getaway or going house hunting, he told the journal that he'll continue working in technology services for the City of Gastonia until he retires in two years.

"I'm down to earth," he continued. "I cut my grass. Just simple. Just [going to] relax."

With three adult daughters and three adult sons, he and his wife, Anna Marie, were initially happy about the win, but figured that $4 million would not go far.

Perhaps they'll enjoy a dinner out, they said, but for now, the money is best kept safe in savings.

Lottery Post Staff

Comments

Raven62's avatarRaven62

Party Congrats to the Winner! Party

Be Frugal and see How Far $4,000,000 will Go!

cottoneyedjoe's avatarcottoneyedjoe

It might go farther if he invests it well. I get what he's saying tho, with 6 adult kids who are in their 20s/30s (guessing) it's a small cushion. It might help them all buy homes.

Better than nothing!

Tony Numbers's avatarTony Numbers

Effing delusional hayseed

Bleudog101

Quote: Originally posted by Tony Numbers on Aug 10, 2022

Effing delusional hayseed

I Agree!

 

He has no clue on how to invest this windfall.  Sounds very ungrateful to me; heck let me win $100K post taxes and that money will grow big time.

MsBee18

Either he's already rich or suffers from bouts of depression. Congratulations to him. He beat incredible odds.

zephbe's avatarzephbe

He could give each adult child $16,000 (to let them know he thought about them) and bank the rest until he talks to a financial adviser.  Congrats to him.

QueenCap

He knows his kids are vultures 🤣🤣🤣

PrisonerSix

I'm happy for him. It's smart that he want's to save his money. What I'd probably do is pay off all my debts first then invest it with a good advisor. With what everything costs these days, $4million doesn't go far, but I'll take it.

andl's avatarandl

Probably depressed he didn't hit the billion dollar Mega Millions prize.

noise-gate

* Some lottery players have been at it religiously for decades & never came close to winning anything close to Jimmie's windfall. Same goes for NBA & NFL greats who never got to wear the ring.
*Jimmie sounds like he pulled in a 2ft marlin.

Stack47

Quote: Originally posted by Tony Numbers on Aug 10, 2022

Effing delusional hayseed

        LOL

rdgrnr's avatarrdgrnr

Quote: Originally posted by Tony Numbers on Aug 10, 2022

Effing delusional hayseed

At least he's not so delusional he would live in the Bronx with the rats.

sweetie7398's avatarsweetie7398

CongratsParty

Tony Numbers's avatarTony Numbers

Instead of quietly collecting the 4 million $ prize this media <snip> draws attention to himself saying 4 mil isn't much these days! It's a helluva lot more than he had before he hit it. Every LP member knows to take half the win and invest it in a money market it will double in 7 years. In the meantime it's nice to know you can walk in to a car dealership and buy  a shiny new car no worries. Take this commentary with a grain of salt.

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

partlycloudy07

Well its not the usual feel good story we read about this man should be lucky he won if he doesn't want the money give it away ......I'm assuming he thinks his kids will have their hands out but he should cheer up sounds like he's a penny pincher .....just a fyi your not going to take it with you lol

grwurston's avatargrwurston

He's right in a way. How many times have we read about big jackpot winners ending up broke in 5 years from splurging on expensive items, because they wanted to show off how much money they have?

In his case it sounds like he was happy in life before he won and he's not going to let it change him.  Congrats!!  Cheers

KY Floyd's avatarKY Floyd

"Well its not the usual feel good story we read about"

It's a feel good story even if the guy doesn't know, but maybe he's just really focused on the reality that he's very comfortable but not rich enough to indulge too much.

By staying on the job he'll  be collecting a pension that's probably already fairly comfortable, and when he's ready he can start collecting social security too. After paying the rest of the taxes he'll probably net about $3.3 million, which could give him another 130k or so from a safe and conservative investment. If he spends lavishly he'll die broke if he doesn't die soon, but he's got more than enough to pay reasonable bills that include modest indulgences like 10 or 15k worth of annual vacations.

sully16's avatarsully16

Congrats to Jimmie, he has the right idea, food is up, Gasoline is up, electricity is up, medicine is up, water is up, the stock market is down, inflation is at an all time high and we are in a recession.

For the first time in my life, war with China is a reality, we have no real leadership .

So, look for good deals, spend with care and save some dollars for a rainy day.

The dollar store is now the $1.25  store, good grief !Thud

jackpotismine's avatarjackpotismine

If I invest 1-10 dollars and get a return like this person did, I would be so happy. Most people play their whole life

and never win over 500.00.

reddog's avatarreddog

Quote: Originally posted by QueenCap on Aug 10, 2022

He knows his kids are vultures 🤣🤣🤣

Those adult kids are going to be expecting Santa Claus to be good to them this coming Christmas, Jimmy ain't no fool.

annah12

exactly

Ranett's avatarRanett

Congrats. Nothing wrong with being pragmatic.

TheGameGrl's avatarTheGameGrl

Sad that he is taking that attitude. 

Attitude of graditude would be much more effective. 

Here's wishing him well. 

Might send him some Kleenex, cuz that 750$ per day is nothing to sneeze at.

hearsetrax's avatarhearsetrax

 

from the sounds of it, he had a already full plate b4 he won

this was the extra fattening desert he did and not want .....

 

I wish him well and hope he finds some decent investments

rcbbuckeye's avatarrcbbuckeye

At my age that money would be fine, I would be happy to have it.

Loosechange45

Sully, I am so old I remember the 5&10 store. of course things were not that cheap. I agree with you 100%!

hearsetrax's avatarhearsetrax

Quote: Originally posted by rcbbuckeye on Aug 11, 2022

At my age that money would be fine, I would be happy to have it.

thats the spirit ya old fossil 

any money is better then none

Tenaj's avatarTenaj

Congratulations to him😛

wander73's avatarwander73

I could find things to do with that win.  invest in certain stocks  then watch that money go further.

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by hearsetrax on Aug 11, 2022

thats the spirit ya old fossil 

any money is better then none

HEY YOU YOUNG WHIPPERSNAPPER!!!!

RESPECT YOUR ELDERS!!!!

I'm tired. Time for my afternoon nap.

MADDOG10's avatarMADDOG10

You give me the opportunity to receive 4 Million, and I'll show you how far it can go,

even in today's economy.

Think's avatarThink

He could just be trolling.

He might have said "it was the first ticket I ever bought and all I got was $4 million".  That would have been a better troll I suppose.

If he really meant it then what was he doing playing a game where he could "only win $4 million".  You have to wonder about some peoples logic.

Think's avatarThink

Quote: Originally posted by sully16 on Aug 11, 2022

Congrats to Jimmie, he has the right idea, food is up, Gasoline is up, electricity is up, medicine is up, water is up, the stock market is down, inflation is at an all time high and we are in a recession.

For the first time in my life, war with China is a reality, we have no real leadership .

So, look for good deals, spend with care and save some dollars for a rainy day.

The dollar store is now the $1.25  store, good grief !Thud

Funny, Sullenburger16, I was just at the dollar store to buy laundry products and not only were they $1.25 but there was less in each container too.  So instead of being $1.25 they were the equivalent of $1.333 per container vs the old $1 size!

I guess us greasy deplorables aren't suppose to notice those things...

I play certain games for certain prizes vs the odds.  Maybe he meant that $3.3 or $4 million wasn't a good payout for beating  30 million to 1 odds?

hearsetrax's avatarhearsetrax

Quote: Originally posted by MADDOG10 on Aug 11, 2022

You give me the opportunity to receive 4 Million, and I'll show you how far it can go,

even in today's economy.

keeps bike trailer and bail money handy

billybucks

It is obviously a ruse to prevent people from hounding him for money. Including his own family I would surmise. No one will dare approach him now or get their head bit off by him. If he said I am going to help family and friends by giving them all the minimum tax free amount of 15k so no one says they got short changed. Same amount for everyone. He would be hounded for months if he said that. It is the old just say you are going to lock it all with investments and no one will bother to attempt to coerce him out of any of it. Smart move actually. That is not a good lottery game to play for a 60 year old anyway. The prize is abysmal unless you are under 30 then take the 365k a year for life. I'd rather play a ten million dollar state lotto game over this. The payout is better and the odds are lower.

cottoneyedjoe's avatarcottoneyedjoe

Quote: Originally posted by billybucks on Aug 11, 2022

It is obviously a ruse to prevent people from hounding him for money. Including his own family I would surmise. No one will dare approach him now or get their head bit off by him. If he said I am going to help family and friends by giving them all the minimum tax free amount of 15k so no one says they got short changed. Same amount for everyone. He would be hounded for months if he said that. It is the old just say you are going to lock it all with investments and no one will bother to attempt to coerce him out of any of it. Smart move actually. That is not a good lottery game to play for a 60 year old anyway. The prize is abysmal unless you are under 30 then take the 365k a year for life. I'd rather play a ten million dollar state lotto game over this. The payout is better and the odds are lower.

You might be right.

Unfortunately, he'll inviting lots of cold calls from financial advisers after making public statements about doing nothing with $4M but saving it.

winterhug

Quote: Originally posted by Think on Aug 11, 2022

He could just be trolling.

He might have said "it was the first ticket I ever bought and all I got was $4 million".  That would have been a better troll I suppose.

If he really meant it then what was he doing playing a game where he could "only win $4 million".  You have to wonder about some peoples logic.

Exactly,what I as thinking. He knew the jackpot for that game was only $4M to begin with, why buy the ticket. He definitely seems ungrateful for the win. Someone else said he sounds depressed.

mypiemaster's avatarmypiemaster

Probably wished the prize was $1.33 billion and was just yapping the old gum.Agree with stupid

MzDuffleBaglady's avatarMzDuffleBaglady

Killjoya person who deliberately spoils the enjoyment of others through resentful or overly sober behavior!

dannyct

He is absolutely right, if the money isn't managed well, he could end up back a square one. Many lottery winner don't understand this and squander their long-term financial security.

sully16's avatarsully16

Quote: Originally posted by Loosechange45 on Aug 11, 2022

Sully, I am so old I remember the 5&10 store. of course things were not that cheap. I agree with you 100%!

Oh yeah, was so much fun to go there. 

sully16's avatarsully16

Quote: Originally posted by Think on Aug 11, 2022

Funny, Sullenburger16, I was just at the dollar store to buy laundry products and not only were they $1.25 but there was less in each container too.  So instead of being $1.25 they were the equivalent of $1.333 per container vs the old $1 size!

I guess us greasy deplorables aren't suppose to notice those things...

I play certain games for certain prizes vs the odds.  Maybe he meant that $3.3 or $4 million wasn't a good payout for beating  30 million to 1 odds?

Hamburger $7.99 a pound Thud

Bleudog101

For me, will be elated when a new article comes on LP.   Sick of this one.

GiveFive's avatarGiveFive

Quote: Originally posted by cottoneyedjoe on Aug 11, 2022

You might be right.

Unfortunately, he'll inviting lots of cold calls from financial advisers after making public statements about doing nothing with $4M but saving it.

The money pro's know something he doesn't.  They know that he's now classified as what financial institutions call a "high net-worth individual". 

Money pro's understand the significance of that and the doors it can open, but I'm willing to bet $100 he doesn't. Financial advisers know how foolish he sounds when he says he's going to put that much money in a savings account.  They know what alternative investment vehicles are now available to him that otherwise would not be. That's the reason for their cold calls. (Not to mention the cold calls from scam artists too.)

Of course the money pros want to make a nice fat fee off managing his money too.... G5 

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