Best jackpot advice yet

Reply #32

CARBOB — Thu, 03 Jan 2008 13:05:56 GMT

I'd ask you for some help with that reality check, but in the week that you've been here it's been pretty obvious that your keyboard is spewing checks that your intellect is incapable of cashing.

Ky Floyd, You have hit the nail on the head!!!! it's quite obvious, he/she isn't educated beyond their intelligence.

Reply #31

justxploring — Thu, 03 Jan 2008 10:57:52 GMT

That's why I posted earlier in response to the comment made by tntea, Stack. I believe she was referring to those families who qualify for the Earned Income Credit which can be thousands. Eligibility is not based on how much tax you paid from wages. Although it's not necessary to have children, most people who get these checks from the IRS do have children. I don't like cheaters and lazy bums any more than the rest of the taxpayers, but many of these good people put in 50 hours a week and st... [ More ]

Reply #30

Stack47 — Thu, 03 Jan 2008 01:37:34 GMT

Some refunds are huge for those who didn't pay enough taxes or any taxes..

I always thought a tax refund means we paid too much. If somebody paid nothing in taxes, how could they get a refund

Reply #29

fastball 9 — Wed, 02 Jan 2008 20:39:48 GMT

At last report Edwards is still laying low in his native Kentucky. Rumors abound regarding his health, some saying he was one his deathbed, others focusing on his recovering from surgery and complications with friends in rural Ashland.

One thing Edwards did was run through the mass of his $27,000,000 lottery win.

He also has crashed back to earth, and, without the money, will have to resume his life as normal, wage earning American.

What that must feel like, most of us will never (ho... [ More ]

Reply #28

justxploring — Tue, 01 Jan 2008 10:28:17 GMT

There you go again, girl! these lower income folks

You make it sound as if they're in a different class than you are. (Actually, from your attitude, I'm guessing they are.) I've had a lot of formal education and made a nice income for a long time, but the past couple of years have been very tough. Maybe it's the economy, maybe I'm in failing health (too personal) but regardless of the circumstances that led me to this state, I guess you could call me one of those low income folks th... [ More ]

Reply #27

KY Floyd — Tue, 01 Jan 2008 08:41:12 GMT

Your reading comprehension is obviously deficient, so I'll try to keep it simple. Perhaps you'll have some small chance of following along that way.

The only person that was really criticized in this thread is David Edwards, and you chose to suggest that he's probably just like you If you're just like David Edwards then your life is obviously just as sad as his. If you're not like him, then you're obviously clueless about him or you wouldn't have said he's just like you. That means the two ch... [ More ]

Reply #26

sirbrad — Tue, 01 Jan 2008 05:26:34 GMT

Whatever someone does with their money is their business, but David Edwards was a moron, plain and simple. I would like to know how the West family spent their record win. As far as being good with money goes, I used to work at a bank, have no credit card debt after paying off thousands years ago, and have no car payments etc.

I also made my big 4 win of $2600 last for about 2 years. So I am sure I will be well equipped for millions, especially considering I have been planning my life strateg... [ More ]

Reply #25

tntea — Tue, 01 Jan 2008 03:00:29 GMT

And her mother got Worse Parent of the year award..

Reply #24

tntea — Tue, 01 Jan 2008 02:57:13 GMT

I agree...

Some refunds are huge for those who didn't pay enough taxes or any taxes..

Usually these lower income folks do the rapid refund, because they cannot wait to get their hands on the money. They actually pay to do this rapid refund. It always amazes me.

I don't have to worry about refunds anymore.. Government keeps finding ways to tax my ass more and more..

Reply #23

GASMETERGUY — Tue, 01 Jan 2008 02:25:28 GMT

I totally agree with you, sfilippo.

This guy has done nothing but degrade the posts of others and claim superior knowledge of the lottery. Now I see he is clairvoyant for he knows what each of us would do with a big win.

I wonder how his cure for cancer is coming

Reply #22

lottocalgal — Mon, 31 Dec 2007 23:50:02 GMT

I'm sorry, I had to get in on this one. For whatever reason I found myself watching all of the lottery shows recently and I made a 5 hour dvd. It includes both of the TLC's Million Dollar Christmas shows, The Lottery Changed My life, the THS investigates The Curse Of the Lottery and one that I noticed that is never mentioned is TLC's Overnight Millionares. David Edwards is also featured on this show,but it was taped before he went broke. He actually purchased over 900 daggers, 1... [ More ]

Reply #21

Jack Pot — Mon, 31 Dec 2007 18:22:44 GMT

NumbaTuff, every internet board is like a home, it has an owner. In this home, you and I are guests. Steve and the others like him are more than just guests, they are the reasons while this board exist. The person with the Darth Vader avatar is the owner of this board. He decides who he wants to welcome here.

Reply #20

NumbaTuff — Sun, 30 Dec 2007 19:24:38 GMT

That's ironic. If I'm viewed as an outcast, Darth Vader would be on my side.

May Force Be With You

Reply #19

rundown99 — Sun, 30 Dec 2007 19:01:48 GMT

1. Win the jackpot in a state where you can remain anonymous.

2. Have an attorney form a blind trust.

3. Don't tell anyone other than that attorney.

Any questions

Reply #18

sfilippo — Sun, 30 Dec 2007 18:36:02 GMT

NumbaTuff,

Your internet etiquette is really bad.

You are creating friction right and left with each post you write.

Either be at peace with us, or we will bring Darth Vader upon your hiney

Reply #17

NumbaTuff — Sun, 30 Dec 2007 18:14:00 GMT

Now, the latter half of your comments, I agree with it. To say I must be very sad and clueless, obviously you're the clueless person. You sit there running your mouth as if you're prepare to handle an instant 'pot of gold.' Sudden wealth to someone that's been living pay-check to pay-check and or no checks at all, are more likely to blow that money. Most of us here come from the days where school didn't teach basic Money Management 101 or whatever you want to call it. Schools are now starti... [ More ]

Reply #16

KY Floyd — Sun, 30 Dec 2007 07:26:44 GMT

(Of course, if Uncle Jack had terminal cancer, that's a MUCH different story).

Have you ever considered that by blowing most of it now you're not planning for many of the possible futures coming your way? What if it's you that ends up with cancer, but it's not necessarily terminal? Giving 100k to the American Cancer Society now would be very nice, but it means that you won't have it later if you'd like to use it for a specific case of cancer. Someday down the road that money could mean the... [ More ]

Reply #15

KY Floyd — Sun, 30 Dec 2007 07:14:28 GMT

I'm sure those very people you guys are criticizing are people like you and I.

Your life must be very sad, or you must be pretty clueless about some of the people being discussed. If some lottery winner had made the mistake of putting all of their money into Enron and Worldcom stock I'm sure people would say they should have diversified more, but they wouldn't get nearly the criticism that a few of the more infamous winners get. Losing it because of some bad investments and some bad luck i... [ More ]

Reply #14

guesser — Sun, 30 Dec 2007 06:59:24 GMT

Luckily, there are SOME folks here that tell it like it is: as I said, I'd save a little, and blow all the rest.

If I won, say, 50 mill, why on earth would I even WANT to try and grow it to more ? We ALL work our butts off, and for what: to make it to 'retirement'. OK, so now I won 50 mill, I'm retired. Sure, I could set up family so they are better off, but I keep asking myself, would they do the same for me if they won ? The heart says yes, reality says NO.

Yep - you 'know f... [ More ]

Reply #13

NumbaTuff — Sun, 30 Dec 2007 04:46:05 GMT

Of course it's easy for most of you to sit here and say you wouldn't blow that much money but until you put in that situation, you don't know what you would do. I can sit here and say, I would never steal anything from the store. And being that I'm better off than most and always have food on my table and a steady check coming in every week - it's easy for me to make that statement.

Put me in a situation where I lost my job, the economy took a nose dive and the prices for neccessities shot... [ More ]

Reply #12

TheGameGrl — Sun, 30 Dec 2007 03:00:52 GMT

Guesser, I love the line You cant take it with you! .

I used to be sooo miserly with my funds, careful and non risky with my budget or how I contributed.

After that quote hit me, I realized what am I saving for? For someone else to figure out what to do with the funds? Its there to enjoy or use in a meaningful way. I dont beleive in going hog wild and such but I have learned that if ya cant take it with you, at least enjoy it while you can!.

Its troublesome and almost incomprehensible... [ More ]

Reply #11

guesser — Sat, 29 Dec 2007 07:06:55 GMT

As has been discussed ad nauseum: If I won a jackpot, I'd put 5 mill in investment-grade annuities, and I'd blow/endow/donate all the rest.

Because I'd still have enough to live on, and, 'you can't take it with you'. Life is short, live now.

Reply #10

sirbrad — Fri, 28 Dec 2007 22:54:43 GMT

I have always been very good managing money, and look forward to the opportunity to have A LOT more to manage. My goal is too simply live off of the interest, and to me the principal does not even exist. I can live great on anything from $25,000 and up, preferably $50,000 at least. I also have a few other advantages as well, only about on true family member and I live in a very dead area.

Which is why I also would not mind winning the $15 million dollar jackpot, no one would even know nor car... [ More ]

Reply #9

TexasDreams — Fri, 28 Dec 2007 15:26:26 GMT

I liked some of the examples given on people who are poor money managers. The majority of the people who win the lottery are average middle class or working poor (I include myself it this group) who have very little money management experience, meaning how to save, invest etc. We all know how to live payday to payday but when that sudden win fall of several million dollars come, its Lets Party for most, seeing the means of every desire could be full filled, with no thought of what to do when

Reply #8

Stack47 — Thu, 27 Dec 2007 06:53:50 GMT

A tax refund is not manna from heaven. A refund means that the government took more money out of a person s paycheck than needed. People should be saving that money for a rainy day instead of blowing it on a trip to Las Vegas.

Nobody will dispute that David Edwards blew his windfall but doesn't mean it's a bad idea for people use their tax refund for a vacation.

If people can t handle a tax refund, imagine what they would do with $27 million.

I sure hope sure hope I can handle my $3... [ More ]

Reply #7

Coin Toss — Thu, 27 Dec 2007 05:11:48 GMT

Oh yeah, we all want to be the one to prove otherwise, Give me the chance, let me try it

Reply #6

justxploring — Wed, 26 Dec 2007 23:59:40 GMT

Well, if this is really accurate then (as judgmental as I sound) most people who win must be fools. I mean, I've made a few major boo-boos in my life, but I can't imagine blowing millions after winning a jackpot. I hope I get the chance to prove them wrong - or even right! Just the chance is all I ask

Reply #5

Coin Toss — Wed, 26 Dec 2007 23:49:55 GMT

I'm not so sure anymore about Edwards being that much of an extreme example.

On those lottery programs on TLC it was pointed out at least three times that the states are that half or over half of jackpot winners are worse off than they were before they hit the jackpot, withing five years.

So if you hit a jackpot, right off the bat it's a coin toss whether you will be one of those statistics or not.

That's not any 1 in 175,000,000 odds, that's 1 out of 2.

Reply #4

LuckyLilly — Wed, 26 Dec 2007 23:18:47 GMT

I just read where Britney Spears makes AND SPENDS almost $800,000 PER MONTH! I dunno how accurate the article is, but it says she does not save nor invest a penny of that income. If I were her, I'd start getting a little worried tho, because it's questionable just how long her income will continue if the rumors are true that her career is on the skids.

Reply #3

tnlotto1 — Wed, 26 Dec 2007 23:09:44 GMT

what you said is true justx because the difference between a david edwards lottery winner and britney spears is that britney releases an album or sells more perfume and she can replace the money she blew on a new car or house but a lottery winner who doesnt invest their money doesnt have an income stream to replace what they spend so eventually like edwards they have spent all of the money or they owe the IRS more money.

Reply #2

justxploring — Wed, 26 Dec 2007 23:00:04 GMT

I think that the most important thing when a person wins a jackpot, is he must realize that this is probably going to be a once in a lifetime opportunity and that he got very, very, very, very lucky. The reason someone in Hollywood can usually (but not always) afford to be flashy and we read about the celebrities who blow millions, is because they are capable of earning that money back. Most of us aren't in that type of profession where we can turn around a loss that quickly. Ex: Will Smith w... [ More ]

Reply #1

sirbrad — Wed, 26 Dec 2007 21:48:15 GMT

As I stated before though this is ONE extreme example. You have to be very very stupid to ever have it as bad as David did, then as great as he did, then back to worse than he started. Medoa loves this story however, as all the other thousands of successful lottery winners induce boredom.

Best jackpot advice yet

Coin Toss — Wed, 26 Dec 2007 14:24:58 GMT

We were watching TLC last night when they showed the lottery programs.

When David Edwards came on my wife said he sounded likedecent guy. I told her people on LP said he was just like Jack Whitaker. She asked why so I looked on the net (couldn't remember exactly what he had done) and found this.

Considering all our threads here about What would you do if you won $ _ _ _ million , this is well worth reading (my bolding, article on blue background):

David Edwards, another lottery loser... [ More ]