Lottery winner gets help on plan to turn good fortune into lifelong prosperity

Comment #23

mylollipop — Sun, 18 Oct 2009 05:01:02 GMT

Comment #22

madeforlife — Tue, 13 Oct 2009 08:48:46 GMT

I hope he can keep his head and have long-term financial security. It would be much easier if all lottery were allowed to keep their anonymity.

Comment #21

CAL-LottoPlayer — Sun, 11 Oct 2009 03:01:53 GMT

Chances are very good a reporter discovered his/her identity and contacted the winner. Word probably leaked out somehow.

Comment #20

psykomo — Sun, 11 Oct 2009 02:25:31 GMT

BUTTTTTTTTTTTTTTTTT PLEASE TRY @ this POINT 2 live on $3500.00

aHHHHHHHHHHHHHH week$$$$$$$$$$$after !!!!!!!

YOU don't HAVE @ this POINT KISS the DOOR cause it don't HIT UR emphanage on UR way!!!

out D DOOR CONGRAT'ssssssssssssssssssssssss

psykomo

Comment #19

rollsroyceron — Sat, 10 Oct 2009 14:59:54 GMT

Double sigh. Seems like the old adage applies: more money, more problems. Must have been lots of smart lottery winning investorsj that lost a ton of money, especially those who took that lump sum payment. Between the federal, state (if you are so blessed to live in a taxing state) and the taxes you spend on the mansion and fleet of new cars, you can be down to relative peanuts in no time. Add in the global recession/depression on all investments that even Warren Buffett took a buffeting , and yo... [ More ]

Comment #18

bambini — Sat, 10 Oct 2009 14:15:00 GMT

A recent MM jackpot winner from Queens. Claimed is jackpot annoymously, then he went public.

Comment #17

DC81 — Fri, 09 Oct 2009 07:01:10 GMT

I agree, but there were were periods, as well as commas in there.

Comment #16

dpoly1 — Thu, 08 Oct 2009 20:44:01 GMT

If you invest wisely - you don't need one those leach financial advisors.

I have formulated my own plan over the years and I pay attention when I see financial news on the news stations.

Just waiting for the jackpot

Comment #15

CAL-LottoPlayer — Thu, 08 Oct 2009 09:51:20 GMT

and I'm quite sure New York doesn't allow for any sort of anonymity.

I hope this isn't true, for the New York players' sakes. If anyone knows the answer to this, please post here.

BTW, it would be a good thing if you broke your sentences into different parts using periods . . It's hard to track your writing when your sentences are so long. Periods, . , are a good thing.

Comment #14

DC81 — Thu, 08 Oct 2009 08:55:07 GMT

It's a minimum of 5M, there's no cash option and I'm quite sure New York doesn't allow for any sort of anonymity. Yes we made predictions about this guy being a future lottery loser but maybe he's finally got at least a little sense, his head on straight now and will be fine though granted continuing to put himself out there might not be the best idea, even if his winnings over all were small people out there don't care, they see someone has money they didn't earn they'll be out there wanting a... [ More ]

Comment #13

maringoman — Wed, 07 Oct 2009 22:26:19 GMT

If I was him I'd try to get a job, or atleast his old job back. $5,000,000 after taxes is not a lot of money to a man his age, especially in high flying NY NY.

The last thing he should attempt is to go into business, businesses fail miserably and only after burning lots of money do people begin to earn profits. He could invest in high interest CD's or treasury bonds, which earn a small interest but are guaranteed by the banks or cities.

Comment #12

lovinwinning — Wed, 07 Oct 2009 21:01:01 GMT

I just like he's trying to be sensible . It's refreshing

Comment #11

foragoodcause — Wed, 07 Oct 2009 19:46:23 GMT

He looks like he's in his 60's,i guess it's the drugs he used in the past.He like to go to Atlantic city and likes attentions,my guess he will be broke in a few years.

Comment #10

savagegoose — Wed, 07 Oct 2009 17:35:51 GMT

hey he made the 1st call about winning an annuity, that it isnt a lot of money. once the time is up he has to have something to live on after. good luck to the guy. there is 1 real estate deal he should buy and thats a place to live.

Comment #9

CAL-LottoPlayer — Wed, 07 Oct 2009 16:36:42 GMT

In my opinion, Richie Randazzo has already made 1 BIG mistake: he didn't keep his newfound fortune to himself. He didn't go to a lawyer and create a blind trust to collect the money. It is a HUGE mistake to tell others you have won the lotto. It's an even BIGGER mistake to allow yourself to be interviewed by ANY media outlet and be photographed by them. Now he wants to be on a TV show! That is ridiculous! He's going to have people coming at him from every direction asking him for money. And reme... [ More ]

Comment #8

joshuakim — Wed, 07 Oct 2009 06:21:06 GMT

all this talk about real estate... sigh.

if you really wanted to get in, you should have got in 7 months ago when there was blood on the street...

just look at the housing inventory these days... most worthy foreclosure prop. have been all gobbled up and the price has actually increased 6-7% in fl from the lows.

and during the height of the credit panic, you could have picked up great properties for less than 0.50 on the dollar.

now it's too late.

and never by... [ More ]

Comment #7

psykomo — Wed, 07 Oct 2009 02:41:56 GMT

GUY UR REALLY GREAT!!!!!

PSYKOMO

Comment #6

TheGameGrl — Wed, 07 Oct 2009 00:51:18 GMT

True Jeffrey that now is the time to invest in real estate, but as the the story stated, its stil a risk. The safest risk I would take is with IRA or savings since its a low amount of 100k per year. No way would I soak the winnings into a shaky stock market . Been there done that and lost my shirt from that maneuver. Even local municpal bonds have a safe return over time. Sorry but I do not trust the market of stocks at this time.

The guy did have his reckless behavior when he first won, they... [ More ]

Comment #5

jeffrey — Tue, 06 Oct 2009 22:51:35 GMT

Wow, I don't know where you get your crystal ball. Sounds like he is trying to be sensible. Just don't spend the cash, build wealth. Sounds like a decent plan. I know many people who have done well with rentals. Now is the time to get in; prices are very low. He may have a happy life. Best of luck and congratulations.

Comment #4

barbos — Tue, 06 Oct 2009 22:09:02 GMT

Sounds like the guy is trying to be smart just has too many plans for only $5M. less tax deduction. If I win that much in California and don't move somewhere to Dakota or Wisconsin I probably will have to keep my job - after taxes and if I share a little to someone close and charities there would be only peanuts left over.

Comment #3

rdgrnr — Tue, 06 Oct 2009 21:58:23 GMT

I think this guy will be alright. He hasn't seemed to go nuts with big ticket items with his winnings so far outside of the Lexus for his parents.

I think his biggest risk of certain failure will be if he ever goes back to booze and drugs.

Comment #2

Littleoldlady — Tue, 06 Oct 2009 21:28:49 GMT

I wouldn't invest my money in florida condos that for sure.If he wants to invest in real estate, he needs to do his REAL Homework. He should buy him a house that he can generate income from such as a three story house in a nice neighborhood. Rent out the 2 floors that he doesn't live in. the Florida real esate market is rich with scams and scam artists just waiting like fat sharks for a free meal.

Comment #1

JONNIE — Tue, 06 Oct 2009 19:17:43 GMT

I can pretty much guarentee that in 15 years this guy will be broke, probably less. But good for him..

Lottery winner gets help on plan to turn good fortune into lifelong prosperity

Lottery Post — Tue, 06 Oct 2009 18:45:51 GMT

Richie Randazzo became New York's luckiest and most famous doorman last year when he scored a $5 million lottery prize.

The wisecracking 45-year-old from Gravesend, Brooklyn, became an overnight sensation, hitting the media circuit to tell his rags-to-riches story and enjoying a sitdown on Howard Stern's radio show.

But even after hitting the jackpot, Randazzo could not escape his troubled past.

For nearly two decades the one-time Park Ave. doorman had been a drug addict and, at one poi... [ More ]