Why GA-KY-VA Lose for Life will flopPrev TopicNext Topic

• rdc137

  

  Delaware
  United States
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  January 14, 2006
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  Mar 7, 2006, 8:31 am

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  Quote: Originally posted by sirbrad on March 6, 2006

  I could live easily off of $27,000 a year and not work. Why? Because I am frugal, and make less than that now by choice. Would I live like a millionaire? Probably not, but in my area $27,000 is considered pretty well off. Especially if you do not blow money mindlessly. In fact the average salary in my area is about $15-$20,000 a year.

  Let me take a wild guess. Scranton?
• LOTTOMIKE

  

  Tennessee
  United States
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  October 15, 2004
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  Mar 7, 2006, 8:47 am

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  i'm thinking about spending a hundred bucks on win for life......cash only

  
• lchoro

  United States
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  July 11, 2004
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  Mar 7, 2006, 8:55 am

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  There's a lot of rural towns where the median income is below 30K and homes can be had for $ 75K.  You should be able to live off $ 52K a year.  If you're set on a jackpot prize, I think you're better off collecting the regular payments and using a portion ($ 2-5K) to play the large jackpot games.  At least, you're essentially playing with house money at that point and will never run out as long as you control expenses and protect yourself against catastrophic loss.
  
• DoubleDown

  

  Coastal Georgia
  United States
  Member #2,653
  October 30, 2003
  1,866 Posts
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  Mar 7, 2006, 8:57 am

  ▲▼
  Quote: Originally posted by LOTTOMIKE on March 7, 2006

  i'm thinking about spending a hundred bucks on win for life......cash only

  Mike, I hope you do well, but myself- I will stick with the Fantasy 5

  WFL does not pay well at all for less than 5 of 6

  Good luck....

   

                                 

                

   

   
• sirbrad

  

  PA
  United States
  Member #22,982
  October 6, 2005
  2,229 Posts
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  Mar 7, 2006, 9:10 am

  ▲▼
  Quote: Originally posted by rdc137 on March 7, 2006

  Quote: Originally posted by sirbrad on March 6, 2006

  I could live easily off of $27,000 a year and not work. Why? Because I am frugal, and make less than that now by choice. Would I live like a millionaire? Probably not, but in my area $27,000 is considered pretty well off. Especially if you do not blow money mindlessly. In fact the average salary in my area is about $15-$20,000 a year.

  Let me take a wild guess. Scranton?

  Close! In that general area. Also I am still trying to figure out how a lifetime of checks is "unlucky." You will never again be completely broke, unless you are stupid. Even with inflation you will still have a lot more than those out there who have zero dollars.

  Even if you blow it all, you will get an annual check every year for the rest of your life, or your family will get it up to something like 28-30 years. What a great cushion, and even better if you choose to still work part-time for yourself. The only ones unlucky are those who do not play, as they do not have this chance at a lifetime of checks.
• rdc137

  

  Delaware
  United States
  Member #30,272
  January 14, 2006
  494 Posts
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  Mar 7, 2006, 5:47 pm

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  I figured it had to be the northeastern or central part of the state. I have relatives in that area, and know it quite well.

  I told my grandmother, an avid lottery player like most PA seniors (they pay for that 'free' bus ride one way or the other) that she'd be better off buying 2 Cash 5 tickets instead of 1 Lucky for Life largely because of her age. However, she likes to buy her numbers for whatever the jackpot game of the day is, and says if she wins L4L, it'll be me claiming the prize for her. Who can complain about that? (3 guesses )

  I'm considering buying her numbers for a 26 draw ticket in VA's W4L game.
• CASH Only

  United States
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  June 5, 2002
  11,296 Posts
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  Mar 8, 2006, 9:45 am

  ▲▼
  Quote: Originally posted by rdc137 on March 7, 2006

  I figured it had to be the northeastern or central part of the state. I have relatives in that area, and know it quite well.

  I told my grandmother, an avid lottery player like most PA seniors (they pay for that 'free' bus ride one way or the other) that she'd be better off buying 2 Cash 5 tickets instead of 1 Lucky for Life largely because of her age. However, she likes to buy her numbers for whatever the jackpot game of the day is, and says if she wins L4L, it'll be me claiming the prize for her. Who can complain about that? (3 guesses )

  I'm considering buying her numbers for a 26 draw ticket in VA's W4L game.

  It's ironic that the PA lottery benefits senior citizens, when they have an online game they have no business playing because there's no cash option. At least Lose for Life winners in Virginia have a cash option, even if it's much lower than it should be.
• rdc137

  

  Delaware
  United States
  Member #30,272
  January 14, 2006
  494 Posts
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  Mar 8, 2006, 1:15 pm

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  You guessed correctly...
• sirbrad

  

  PA
  United States
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  October 6, 2005
  2,229 Posts
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  Mar 8, 2006, 2:16 pm

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  Yes only one could complain.