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April 23, 2024, 7:39 am
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"Winning Plays A Game With Your Head"Prev TopicNext Topic
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The problem with most winners who go broke is that they feel millions and millions means endless goobs of money. That is so far from the truth. they start spend immediately from their principal and before you know it, they can barely make ends meet.
On the issue of family and money....you have got to drawn a hard line. If what you are able to give them on a regular basis is not sufficient for them...then too bad. They do have the choice to disown you. If they threaten to do so, then tell them to go ahead...it simply means you will be able to keep the money you had been giving them...and better yet you may be able to help some stranger who will truly appreciate it.
The ideal thing would be for them not to know you are a muliti-millionair and so when you give them something they won't be like...."Ughh is this all you can give me?" Friends and family who are not genuine will try the guilt trip approach on you. When you see it....see it for what it is....don't fall for it. It they throw a temper tantrum...TOO BAD!...the sun will shine tomorrow.
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It's the "Rush" you feel from suddenly being so wealthy that you can virtually do anything your wildest imagination can conceive.
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I've been "getting by" for so long I'd probably be afraid to spend the money for fear of returning to my old "getting by" status!!!!
Let's Get PAID in $ GA $ !!
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I've been "getting by" for so long I'd probably be afraid to spend the money for fear of returning to my old "getting by" status!!!!
I feel the same way. Once I got myself situated, i.e. paid for house, car, etc., I'd probably live modestly for the most part. I wouldn't buy a super elaborate house or a fancy car, but would buy something I like. If I buy something nice, I wouldn't show it off to others. Alot of people have that need, but I don't.
A nice entertainment center in my home, nice hobby room for the ham radio and computers, and a bathroom with a jacuzzi tub would be very nice additions indeed, but most people probably wouldn't know I had them, since they aren't out in the open and can only be seen by someone who comes into the house.
I've talked about this before and I'll mention it again; I'd probably move to an area with a lower cost of living and a better tax system so I could keep more of it, and I'd be somewhere nobody knows me so there won't be people trying to get money from me.
There are alot of stories of people who blow all the money and end up worse of than they were before while at the same time, there are many stories of people who have won and actually improved their lives and are happy. The latter are the ones I would use as examples of what to do after winning.
PrisonerSix -
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I've been "getting by" for so long I'd probably be afraid to spend the money for fear of returning to my old "getting by" status!!!!
I'd be very careful and buy a modest home and a sensible car. Like Prisoner6, I would probably move away from this area which is very overpriced. One reason is as you stated above. I'd never want to go back to waiting for my paycheck and carefully budgeting. The other is because I've blown money in the past. It was partly because I like going on trips, but mostly from being stupid and investing in the wrong choices. Also, you can get very depressed and fall into a slump that eats up your savings. I don't think there's anything wrong with having fun, taking some nice vacations every year and going out to dinner and a show once in a while. In fact, I'd like to go to New York for a week to see a few Broadway shows. I did a lot of traveling years ago and I enjoyed the old fashioned Bed & Breakfasts more than the fancy hotels anyway, but money gives you choices. I know I always dream about using the money to buy a farm and start a no-kill shelter or adopt a few older children, but I'm not a strong person, so I might just live a simple life and continue to work for health benefits and to contribute to social security, at least until I'm 65 or 66. I'd do something I enjoy that doesn't create a lot of stress. Maybe I'd start my own small business, like a small gift shop. I guess it would depend on the size of the jackpot, but nothing in life is guaranteed and it would just be one more step in securing my future. I could always donate my extra income to charity. -
Absorb the good, ignore the bad, weigh the ugly.
It's about number behavior.
Egos don't count.
Dedicated to the memory of Big Loooser
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Steve -
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I've been "getting by" for so long I'd probably be afraid to spend the money for fear of returning to my old "getting by" status!!!!
I'd be very careful and buy a modest home and a sensible car. Like Prisoner6, I would probably move away from this area which is very overpriced. One reason is as you stated above. I'd never want to go back to waiting for my paycheck and carefully budgeting. The other is because I've blown money in the past. It was partly because I like going on trips, but mostly from being stupid and investing in the wrong choices. Also, you can get very depressed and fall into a slump that eats up your savings. I don't think there's anything wrong with having fun, taking some nice vacations every year and going out to dinner and a show once in a while. In fact, I'd like to go to New York for a week to see a few Broadway shows. I did a lot of traveling years ago and I enjoyed the old fashioned Bed & Breakfasts more than the fancy hotels anyway, but money gives you choices. I know I always dream about using the money to buy a farm and start a no-kill shelter or adopt a few older children, but I'm not a strong person, so I might just live a simple life and continue to work for health benefits and to contribute to social security, at least until I'm 65 or 66. I'd do something I enjoy that doesn't create a lot of stress. Maybe I'd start my own small business, like a small gift shop. I guess it would depend on the size of the jackpot, but nothing in life is guaranteed and it would just be one more step in securing my future. I could always donate my extra income to charity.My area isn't really overpriced, but housing prices have gone up and available housing has shrunk since Hurricane Katrina brought many New Orleans residents who lost their homes into the area. My main reason for moving away is to get away from people who know me, so they won't ask for money. To be honest, I don't know if I'll give anyone money but one thing for certain is if any individual or organization asks me for money, they can forget about getting any, EVER.
I've often talked about my plan for if I do win a big enough jackpot to be able to quit my job and live independently. I plan to use an anonymous method of claiming the prize, such as a trust or corporation, and have my attorney do it for me. Another part is to plan with investments, paying out bills, etc. I also plan to not quit my job for several months until after the excitement of a locally sold ticket winning dies down, to avert suspicion. It'll also give me time to decide where I want to move to, to get away and start fresh.
Other things to do include not having a listed phone number, not getting any mail at my house, using a P.O. Box or maildrop to get mail, possibly even going as far as not having my property or utilities in my own name, to reduce the chance of being tracked down. Sometimes you just can't be too careful.
PrisonerSix -
