How lottery winners spend their money

Comment #90

helpmewin — Sat, 13 Apr 2013 20:15:36 GMT

Comment #89

jamella724 — Tue, 09 Apr 2013 08:38:57 GMT

Once I win the jackpot prize I use the money on investment. I will hire a financial advisor who will guide me on entering different kind of investments. All of these will come true soon

Comment #88

helpmewin — Wed, 27 Mar 2013 07:02:58 GMT

what if it was a car

Comment #87

helpmewin — Thu, 21 Mar 2013 19:56:11 GMT

Hawaii i like that idea

Comment #86

psykomo — Thu, 21 Mar 2013 04:47:20 GMT

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Comment #85

dognabit — Thu, 14 Mar 2013 03:40:47 GMT

Some will get the joke.

Comment #84

helpmewin — Sat, 09 Mar 2013 11:33:18 GMT

Comment #83

helpmewin — Sat, 09 Mar 2013 11:32:36 GMT

Comment #82

jamella724 — Fri, 15 Feb 2013 03:38:42 GMT

If I will win a lottery I will spend the money wisely its a what time bigtime

Comment #81

jamella724 — Tue, 12 Feb 2013 06:01:23 GMT

If God will give me a chance to win a lottery why not my God..my fist off is Hawaii...then explore the world! thats just a wild dream..

Comment #80

helpmewin — Fri, 08 Feb 2013 02:51:47 GMT

what good is Money if you can't spend it

Comment #79

kapla — Wed, 06 Feb 2013 13:15:26 GMT

Agree 100% - keep it simple and you will always be a winner

Comment #78

billionaire2bee — Wed, 06 Feb 2013 12:27:07 GMT

LOL Ronnie you know it!!!...Sadly I cant upload them...they're on my DVR...When ever they show them I erase the old and just rerecord...I think you can watch some on the TLC website if you do a search for it....but yeah it's my favorite show i hope to be on it someday....I'll keep you all posted it if find out when any new episodes come out...but don't hold your breath waiting they haven't had any new ones in two years

Comment #77

PlayToWin47 — Wed, 06 Feb 2013 04:59:34 GMT

I seriously would not change too much from the day-to-day way I live now.

Keeping in mind that I play Hot Lotto (as opposed to MM or PB), and would like to win only 2 - 5 million, the biggest change would be that I would quit my job, and then spend my days doing things for me and my family, instead of making money for the people I work for.

The second biggest change would be that I would bump-up the schedule for building my house ... which would be the same modest design that I have on pap... [ More ]

Comment #76

helpmewin — Tue, 05 Feb 2013 12:56:57 GMT

Comment #75

Ronnie316 — Tue, 29 Jan 2013 19:49:16 GMT

I think b2b has every episode recorded and cataloged by name and date. Lets hope he can upload them.

Comment #74

tuzahu — Tue, 29 Jan 2013 11:03:31 GMT

there are some episodes of LOTTERY CHANGED MY LIFE on Youtube, anyone have them recorded that can upload the rest of the series? I no longer get those channels and do miss that show, it's so motivating.

Comment #73

LetMeWinIt2 — Sat, 29 Dec 2012 19:47:18 GMT

There is a small number of folks who go broke compared to number of people who actually win and stay wealthy. I myself like to win before the end of year before this non-sense with fiscal cliff. No telling how much taxes will be taken out of our winnings starting 2013. Ive cashed in a ticket for an auntie earlier this year. It was a $5.00 Scratch-OFF Bingo Game and she won $200,000.00. With Illinois being the greedy state with high taxes the final prize amount was $140,000.00 . Its good they tak... [ More ]

Comment #72

helpmewin — Sat, 22 Dec 2012 02:25:58 GMT

that show is so funny, i never get tired of it...

Comment #71

haymaker — Sat, 22 Dec 2012 02:24:39 GMT

LMAO, don't know how you do it,

but keep on keepin on, LOL

Comment #70

rdgrnr — Sat, 22 Dec 2012 02:04:53 GMT

I hope Cousin Eddie doesn't drain his RV in front of your house.

Comment #69

helpmewin — Sat, 22 Dec 2012 01:45:49 GMT

my neighbors house looks like The Griswold family's Christmas Vacation

Comment #68

Brcebrce — Sat, 22 Dec 2012 01:19:36 GMT

If he wants some reading material for his clients, he should get an article on David Edwards or Jack Wittaker for a list of stuff of stuff to not do. No plan spending with no budget Yeah all the stuff you shouldn't do.

Comment #67

jamella724 — Thu, 20 Dec 2012 13:59:54 GMT

Wow...what a great and noble deed for William Kiefer of Texas...Most winners will enjoy their winnings to the fullest by spending it on purchasig new houses, cars, travels, gadgets, vacations etc...but for Mr Kiefer, helping and sharing what he won with others is the greatest thing I read on lottery winnings...

Comment #66

dpoly1 — Tue, 18 Dec 2012 21:31:36 GMT

Well, I think about plans for anything that may happen!

You must be prepared in life

Comment #65

HoLeeKau — Tue, 18 Dec 2012 16:15:26 GMT

I think some areas tax certain homes that have very high values with a luxury tax.

Just looked it up on wiki and they agree. This article also says high value cars can have a luxury tax.

Comment #64

Ronnie316 — Tue, 18 Dec 2012 16:10:37 GMT

I do not think a house is considered a luxury item ............... YET.................

Comment #63

HoLeeKau — Tue, 18 Dec 2012 16:07:19 GMT

I always wonder what the tax and insurance bill is. I think some areas have a luxury tax on certain homes, so if the rest of us are paying 1% property tax, they're paying 2 or 3% which can add up to a whole lotta dough on a 50 million dollar house.

As for electricity, my provider just implemented a step system where if you use more than X KWH per month, you're billed at a higher rate. Even with my little house I sometimes go over the minimum, so I imagine the huge houses are always billed at... [ More ]

Comment #62

Ronnie316 — Tue, 18 Dec 2012 14:33:14 GMT

Its the same as your house, the more lights they use the higher the bill............

Comment #61

Nikkicute — Tue, 18 Dec 2012 09:08:52 GMT

I'm used to hearing the rich purchasing $40mil $50mil or even $100mil homes but I've

always wondered about the upkeep and I think that's where people get into trouble,

they don't think about what the bills are going to be every month.

Everytime I see a big home, I always wonder what the light bill is lol .

Comment #60

dallascowboyfan — Mon, 17 Dec 2012 20:53:39 GMT

Glad to see you back, your new nickname is goodies(the goody lady)....

Comment #59

ImDaBakerLady — Mon, 17 Dec 2012 17:15:42 GMT

LOL... been a very busy lady making goody boxes... Sales have been wonderful

Comment #58

ImDaBakerLady — Mon, 17 Dec 2012 17:11:59 GMT

HaHa , Dirt bike tracks are fun. When i was a kid we would take our bikes and RC cars out and run wild with them......For me, was more with RC cars, i wasnt so great on the bikes. Hurt myself alot and once i knocked the wind out of me, i didnt want to try that again lol

Dont get me wrong , I do let them enjoy their fun and it would be fun..

Comment #57

surimaribo24 — Mon, 17 Dec 2012 16:58:55 GMT

Comment #56

helpmewin — Mon, 17 Dec 2012 16:01:41 GMT

Comment #55

dallascowboyfan — Mon, 17 Dec 2012 02:54:02 GMT

#1....

Comment #54

dallascowboyfan — Mon, 17 Dec 2012 02:53:07 GMT

And she hasn't posted since.....

Comment #53

nanaimo — Sun, 16 Dec 2012 22:24:25 GMT

Comment #52

sully16 — Sun, 16 Dec 2012 19:00:10 GMT

My favorite is number 1, Say no to those seeking handouts.

Comment #51

Ronnie316 — Sun, 16 Dec 2012 14:58:35 GMT

Its always nice to have kind neighbors.... And the pump action sounds good too......

Comment #50

Piaceri — Sun, 16 Dec 2012 14:49:37 GMT

That would be fine. I have very nice neighbors. One strung his Christmas lights across my garage (I live in a townhouse duplex). Another's little 5 year old baked cookies, put them in boxes with a Bible quote about the birth of Jesus, and gave them to her neighbors including me!

They are all good people. But my glock is sufficient, backed up with a .12 pump.

Comment #49

Ronnie316 — Sun, 16 Dec 2012 14:44:18 GMT

If you have a husband who is willing to spend time with the kids turning the house into an amusement park I say....... Let them go for it. lol. lol. I once turned the back yard into a mini bike dirt track........

Comment #48

Ronnie316 — Sun, 16 Dec 2012 14:38:41 GMT

I thought a pool slide in the house was a VERY good idea..........

Comment #47

Ronnie316 — Sun, 16 Dec 2012 14:37:18 GMT

Your neighbors will protect you for a small protection fee.....

Comment #46

Artist77 — Sun, 16 Dec 2012 14:33:57 GMT

lol

Comment #45

Piaceri — Sun, 16 Dec 2012 14:27:27 GMT

This.

Expanding on #3: Remain as anonymous as your state will allow. As a single woman living alone, I would need that protection. (Well, that and my glock.) A series of trusts nested within each other may provide some, but get professional advice. Talk to a good tax lawyer and a financial planner first. Tell them you want to preserve the wealth for future generations and give cash to certain family members, but you want certain things for yourself. And ask if you can afford those certai... [ More ]

Comment #44

rdgrnr — Sun, 16 Dec 2012 13:19:57 GMT

I used to work for a bakery as a pilot.

I'd take the dough from here and pile it over there.

Nyuk, nyuk, nyuk, nyuk, nyuk...

Comment #43

savagegoose — Sun, 16 Dec 2012 05:29:48 GMT

i have a plan for when i win, start making plans.

Comment #42

DC81 — Sun, 16 Dec 2012 02:27:07 GMT

Wasn't really creative though... It's an idea that's been done and failed repeatedly over the last 25 or so years even in times when that business was at its peak. Don't recall it being his idea but that of the guy who contacted him and is responsible for that bad idea multiple times in the past and I think is the one who is going to be trying it again.

Comment #41

TheGameGrl — Sun, 16 Dec 2012 01:39:24 GMT

Interesting points-

1: learn to say NO to folks (strangers in particular) seeking hand outs.

2: Say Yes to causes that have been endearing to your principles in life whatever that maybe. Unless its a cause to harm others.....

3: Its absolutely IMPOSSIBLE to say you wont tell a soul. The lottery will find out, Uncle sam will find out, so get real and deal with the wealth maturely . Even if you have a fictious trust papers have to filed by a lawyer, so you'll need to be telling someone.... [ More ]

Comment #40

greeneye — Sat, 15 Dec 2012 23:49:07 GMT

If I was to win in the 50 to 100s of millions range ,the 1st material object to be bought would be 50 Lbs of GOLD

Wealth Preservation is THE KEY**

Silver . 5000 ounces of Bullion****Platinum Palladium would be next..

Comment #39

nanaimo — Sat, 15 Dec 2012 22:44:12 GMT

seattlejohn- a very good planning and i agree with you

Comment #38

Seattlejohn — Sat, 15 Dec 2012 21:28:32 GMT

I have simple plans. When I win the lottery, I'll immediately avoid publicity like the plague; apparently, publicity seeking lottery winners have a higher rate of failure than non-publicity seekers. Then, I'll pay my taxes up front, for the full 35% (paying at 25% (which the lottery defaults to) without considering how much your full tax bill will end up being is how most winners get in trouble with the IRS). After paying taxes, I'm officially retired. I'll gift my immediate family close friends... [ More ]

Comment #37

ImDaBakerLady — Sat, 15 Dec 2012 21:15:52 GMT

Lmao... to cute.. my husband says your reply was the funniest, I agree

Comment #36

HoLeeKau — Sat, 15 Dec 2012 21:10:35 GMT

Well, I eat goodies. Maybe we should get together.

Comment #35

dallascowboyfan — Sat, 15 Dec 2012 20:26:43 GMT

Welcome to the LP

Comment #34

ImDaBakerLady — Sat, 15 Dec 2012 20:17:27 GMT

HaHa, not exactly,more near the coast side of oregon. I Bake goodies, the name says it lol

Comment #33

HoLeeKau — Sat, 15 Dec 2012 19:33:38 GMT

Haha. She's from Oregon, so thought she probably lived in Baker Oregon.

Comment #32

ImDaBakerLady — Sat, 15 Dec 2012 19:27:45 GMT

Thank you all for the warm welcomes :)

I have been reading these post for a long time now.. several post i wanted to comment on but was'nt sure about the member thing...

To those about the Water slide, yes would be fun but not in the house lol....

Im what you call the Typical buzz kill on my husband and childs parade...

Hate being the bad guy sometimes, but someone has to keep their feet on the ground or the whole house be a amusement park HaHa...

Comment #31

Ronnie316 — Sat, 15 Dec 2012 17:22:52 GMT

You have a pool in your house that has NO water slide????/ What a piker...... Get a slide.........

Comment #30

rdgrnr — Sat, 15 Dec 2012 17:14:50 GMT

I find it very intriguing that ImDaBakerLady joined LP just to respond to an article about Professor Steven Danish.

Comment #29

Ronnie316 — Sat, 15 Dec 2012 16:54:04 GMT

Another destroyed life is part of the fun of how the lottery works. Real nice wake up call for the rest of us.

Comment #28

cbr$ — Sat, 15 Dec 2012 16:49:37 GMT

Professor Stephen Danish counseling winners, is a good idea. 85% of the winner really want the windfall , but they're not prepare for it. They haven't set any goals, about what is next,

Comment #27

Ronnie316 — Sat, 15 Dec 2012 16:31:03 GMT

I think I will avoid anyone who wants to write a book about me, or looks like they need an exorcism...

Comment #26

noise-gate — Sat, 15 Dec 2012 16:23:02 GMT

No hoarding for this boy..l cannot help thinking about that lotto winner from Florida who in trying to be generous ends up under a concrete slab.

loose lips sink ships ...going in national tv and telling folk about your sudden fortune is B.S, a recipe for disaster.

As someone pointed out here a few days ago- siblings seem to think that the lotto winnings should be divided equally amongst. family is nonsense.

Absolutely no hoarding...period.Let the Dollar circulate.

Comment #25

Ronnie316 — Sat, 15 Dec 2012 16:07:28 GMT

Ok, I just don't understand misers who hoard cash in such a way as to die rich while living broke.....

Comment #24

Cletu$2 — Sat, 15 Dec 2012 16:06:17 GMT

Why not piss it away?It's not like you spent a lifetime workin' for it,right

Comment #23

noise-gate — Sat, 15 Dec 2012 16:04:04 GMT

keep as in : l will spend this the way l want with no external input from Vultures..

Comment #22

Ronnie316 — Sat, 15 Dec 2012 16:02:05 GMT

Im going to waste my time, AND blow my money..........

Comment #21

Ronnie316 — Sat, 15 Dec 2012 16:01:16 GMT

At the end of the day its NOT what you kept........... Its what you enjoyed spending that counts......

Comment #20

noise-gate — Sat, 15 Dec 2012 15:59:06 GMT

At the end of the day- its not what you make, it's what you keep.

Those who end bankrupt after having won the lotto have only themselves to blame.

If l ever get such a windfall- l am telling no-one, not my friends, the neighbors, the kids especially extended family.

I will pick my own charities. I have my plan in place and it has no room for Vultures..

Comment #19

bigguy5 — Sat, 15 Dec 2012 15:56:17 GMT

amen, you smart. have a plan, so many player don,t. iamu with you

Comment #18

Ronnie316 — Sat, 15 Dec 2012 15:15:30 GMT

Or who ever thought illiterate white people living in a trailer would be popular.........

Comment #17

Stack47 — Sat, 15 Dec 2012 15:02:21 GMT

I plan to give 60 percent of all [my] after-tax winnings to charity. We are proud to count Mr. Kiefer among our players, said Lottery Executive Director Gary Grief in response

It depends on what others believe should be the winner's priorities because whether they give 60% of their winnings to charity or blow it, they still only have 40% left. Some will even find fault with which charities that winner donated to. There are players that believe because they bought a ticket, they have a vested... [ More ]

Comment #16

Ronnie316 — Sat, 15 Dec 2012 14:59:56 GMT

Yeah.... Who ever thought Snooki would be a good idea.........

Comment #15

Cletu$2 — Sat, 15 Dec 2012 14:37:05 GMT

Yes,there have been Powerball winners in Oregon.I'm not sure about MegaMillions,though.

Welcome to Lottery Post

Comment #14

Artist77 — Sat, 15 Dec 2012 14:26:26 GMT

I have seen worse ideas take off and make a ton of money. Look at Jersey Shore Show, etc. Better to try if you have a creative idea than not at all.

Comment #13

Ronnie316 — Sat, 15 Dec 2012 14:02:16 GMT

Comment #12

Jaxxx — Sat, 15 Dec 2012 13:12:14 GMT

....They say timing is everthing.....well you definitely got great timing

Comment #11

Cletu$2 — Sat, 15 Dec 2012 13:10:17 GMT

Steven Danish's opinion is just that...an opinion.Everyone seems to have an opinion on how lottery winners should spend their money.Why should Steven Danish be any different

Comment #10

dallascowboyfan — Sat, 15 Dec 2012 12:36:22 GMT

Comment #9

dallascowboyfan — Sat, 15 Dec 2012 12:35:41 GMT

He was on Lottery Changed My Life, he has since moved back in with his parents seems like he has learned from the Wrestlicious debacle. Anyway he seems like a bright kid.

Comment #8

rdgrnr — Sat, 15 Dec 2012 10:55:45 GMT

...the ones who, five years later, wind up drunk, broke, in jail or hounded by the IRS?

Well, at least I don't have to worry about that.

I'm already a drunk

Comment #7

savagegoose — Sat, 15 Dec 2012 10:43:12 GMT

say you had $10 mill in investment income and owed $1 mill a year in taxes.

year 1, $1 mill loss on investment 1

year 2 $1 mill loss on in investment 2

year 3 $1 mill loss on investment 3

and they where all hobbies you had a dream of operating? you still had 9 mll of income, and just happened to blow the taxes on failed investments?/ hobbies?

Still the thing about having definite plans stands. people with plans do better than people with no plans. cuz if you dont plan

Comment #6

s5thomps — Sat, 15 Dec 2012 10:00:13 GMT

If I am ever fortunate enough to win the lottery I would follow the 2 rules of investing by Warren Buffet.

Rule# 1 Never lose money

Rule# 2 Never forget Rule #1

Comment #5

DC81 — Sat, 15 Dec 2012 09:51:26 GMT

Tax write off. I doubt he lost much (maybe even did profit) on it unless his partners ripped him off, that sort of thing doesn't require much in way of a budget. That said, it may be on hiatus but this is one of those cases where hiatus means dead.

Wasn't a good investment but he kind of did what he wanted though I'm sure the other guys had his ear the whole way but in the end it wasn't something that ate a significant chunk of his winnings..

Comment #4

helpmewin — Sat, 15 Dec 2012 09:40:28 GMT

waterslide sounds like Fun

Comment #3

ImDaBakerLady — Sat, 15 Dec 2012 08:55:17 GMT

Well good for the ones who do something positive with it and sad for the ones who destroy their lives. Everyone who has bought Tickets has always had the thought of what they would do and spend it on. Some i guess get caught up in the excitement and go wild with it. For me, im more logical with what i would do. i had several thoughts on if i won. Many positive and many Negative.

My husband of course has made some pretty wild ideas that of course i laugh and say NO! He said we can build a wat... [ More ]

Comment #2

Toronto — Sat, 15 Dec 2012 08:19:55 GMT

How is Wrestlicious an example of ambitions (rather than spending) leading decision-making after a winfall being more successful? 1) The outcome isn't even certain yet, 2) That's the dumbest idea and probably why the thing is on hiatus

Comment #1

Win$500Quick — Sat, 15 Dec 2012 08:11:40 GMT

This is why I already have my to-do list. Winners who blow their money are the ones who did not have a plan before or after they won.

How lottery winners spend their money

Lottery Post — Sat, 15 Dec 2012 05:41:46 GMT

Lottery winners: What separates the ones who live happily ever after from the ones who, five years later, wind up drunk, broke, in jail or hounded by the IRS?

Stephen Danish knows. In fact, the Virginia Commonwealth University professor of psychology is such an expert on the subject that the Virginia Lottery has hired him to counsel winners. Asked how many winners he has helped, he puts the number is in the double digits.

He once told the Roanoke Times that he can tell how well (or badly