|Posted: September 12, 2006, 1:28 am - IP Logged|
I got this book from our library, so before I return it let me add a few more things from the lottery chapter (Chapter one):
The jackpot was $363 million, he was one winner of two. He had played $98 worth of quick picks, and was not a regular player. He didn;t even know what a quick pick was, he called it something else. The clerk asked him cash option or annuity and origianlly he said annuity.
The first check he appeared with on TV was for $!50,000, at his request, so people wouldn't know (at first) how much he'd won - but that did happen not long after.
The $363 went to $181.5 as it was split two ways, after taxes the $181.5 million went to $120 million, and then he opted for cash which made it $90 million.
That's the dollars part, here's some other interesting things:
He continually encountered friends ane even slight acquaintences who asked to borrow money and often obliged them. He estimates 99% of them came back for more.
He said the lesson here is loaning or givng money to people simply leaves them wanting more.
For six months after winning, he was buying $100 a week of Big Game tickets and giving them away to family and friends, no one ever won anything.
The chapter ends with him saying that the lottery represents hope (granted against large odds), and while that hope can possibly be misplaced, someone has to get lucky.