Missouri Powerball winners live modestly, give back to hometown

Feb 25, 2013, 7:33 am (48 comments)

After the Big Win

CAMDEN POINT, Missouri — Three months after winning half of the biggest Powerball lottery jackpot in U.S. history, Mark Hill still meets friends for morning coffee at a local convenience store.

And that Camaro sports car Hill considered buying with his winnings? He got a pick-up truck instead.

While some lottery winners fritter away their fortunes or meet tragic ends, not much has outwardly changed for Mark and Cindy Hill since they won half of a $587 million Powerball jackpot in November. They netted $136.5 million in a lump-sum payment after taxes.

"They are very conservative people," said Walt Stubbs, a friend and former high school classmate of the Hills. "They are doing some really nice things for the community and they've taken care of their family."

The Hills are giving money to civic projects in Mark Hill's hometown of Camden Point, Missouri, and still live in nearby Dearborn, Missouri, as they did before winning the jackpot.

The Hills will pay for a new Camden Point fire station and ball field and gave the town more than $50,000 to buy land for a new sewage treatment plant that will eventually allow residents to give up individual septic tanks, Mayor Kevin Boydston said.

"I've said all along that these lottery winnings could not have gone to a better couple," Boydston said. "They are giving back to the community, just like they said they would."

Camden Point has fewer than 500 residents and is wedged into hills in a rural area about 30 miles north of Kansas City. Its downtown has a series of mostly empty brick buildings.

Stubbs, chief of the area's volunteer fire department, said the new station is planned to connect directly to main roads, a major improvement on the current fire hall, which does not have quick access to highways.

"It's a situation where if we had to do it ourselves, it would take 25 years," Stubbs said.

The winning couple graduated from North Platte High School in Dearborn and have donated to a scholarship fund at that school.

The Hills, in their early 50s, told reporters at a news conference after winning the lottery they would stay in the area and give a lot of the money away. Mark Hill quit his job as a mechanic. Cindy Hill was out of work at the time.

"I'm real proud of them," said Shirley Hill, Mark Hill's mother. "They have stayed grounded. That's their nature."

Winning can be a burden

History is replete with lottery winners whose lives have gone sour after becoming rich.

The National Endowment for Financial Education cites research estimating that 70 percent of people who suddenly receive a large sum of money will lose it within a few years.

In 2002, Jack Whittaker — already a millionaire — won $315 million in a lottery in West Virginia. Just four years later he claimed to be broke. Whittaker gave away millions of dollars, but people also stole hundreds of thousands of dollars from him and he lost a granddaughter to a drug overdose.

Last year, Urooj Khan died just two months after winning $1 million in the Illinois lottery, from what initially appeared to be natural causes. Toxicology tests run at a relative's request found cyanide poisoning. Police are now investigating his death as a homicide.

Maintaining a stable life such as the Hills are attempting is difficult, said Don McNay, author of "Life Lessons from the Lottery" who has studied winners of big money for 30 years.

"They are beyond exception," McNay said.

Most ordinary people who come into large sums of money become victims of their own lack of financial savvy or discipline, McNay said. People also come under great pressure from friends, relatives and a host of others wanting money.

Missouri Lottery spokeswoman Susan Goedde said the vast majority of lottery winners from the state were "doing great" and if they were good money managers before, they would be after.

"Circumstances may change, they may not work anymore and they have the freedom to travel," Goedde said. "But if they clipped coupons before winning the lottery, they will do it after winning."

News story photo(Click to display full-size in gallery)

Thanks to rdgrnr for the tip.

Reuters

Comments

dallascowboyfan's avatardallascowboyfan

Such a lovely couple, may GOD protect them & watch over them. Blue Angel

HaveABall's avatarHaveABall

I'm glad that the massive half-split Powerball jackpot winners, the Hills, are doing well 1.5 months after receival into their checking account of all lottery monies.  They have certainly been dispersing very large millions of dollars during this time. 

Possibly, the Hills are now at the point of being done with those local charity works spendings, and now have less demanding focuses of a:  clothes shopping spree with family and friends, quarterly time share luxury housing in San Diego, bigger local home construction, upgraded home furnishings, and larger family vehicle to dispense monies towards the rest of this year. Come next year, they'll probably, happily, be able to create the conservative consistent monthly/annual budget (and maintain that with a 3% increase each year over the next 50 years) that they'll soon be craving!

I seek to become financially independent, like them, this year.

Party

HoLeeKau's avatarHoLeeKau

This is the first time I've seen an estimate of how many suddenly wealthy people go broke.  Seventy percent sounds high to me.  That's kinda shocking.

RedStang's avatarRedStang

I would'nt need the fancy stuff. Never having to work for someone else is my favoriate perk. The only thing i would give my town is a See Ya!.

faber98

there have been some that have frittered it away and these people are overly conservative at the other spectrum. 50k for land for a sewage treatment plant? why not spring for the sewage treatment plant itself if they are so eager to help the community. the ball field will cost peanuts (for them). the fire station would seem to be a bigger donation but what is the point of playing the lottery if you don't at least indulge in blowing 3-5% of it (especially at their age) on some foolishness, considering the large amount of dough that they have. you don't have to be a jack whittaker or allow yourself to be poisoned if you win but there must be a middle road somewhere that allow you to pour some of it back into the economy. i'm sure whoever inherits their fortune will help spread the cash around a little better than these belt tightening conservative midwesterners. it would seem that the interest alone on this 136 million would allow for some extravagent spending. it is their right of course, but sitting in their yard staring at their mine stripped countryside every day seems to be a waste. why not invest in those closed storefronts in that backwoods town and give people jobs to boost the economy to take the blight out of that community since they are hell bent on continuing to still live there. i guarantee that there is some resentment in that community about them not sharing the wealth at the very least to a small degree. some financial planner is probaby making more off them and spending more than they and the entire town is.

maximumfun's avatarmaximumfun

Quote: Originally posted by faber98 on Feb 25, 2013

there have been some that have frittered it away and these people are overly conservative at the other spectrum. 50k for land for a sewage treatment plant? why not spring for the sewage treatment plant itself if they are so eager to help the community. the ball field will cost peanuts (for them). the fire station would seem to be a bigger donation but what is the point of playing the lottery if you don't at least indulge in blowing 3-5% of it (especially at their age) on some foolishness, considering the large amount of dough that they have. you don't have to be a jack whittaker or allow yourself to be poisoned if you win but there must be a middle road somewhere that allow you to pour some of it back into the economy. i'm sure whoever inherits their fortune will help spread the cash around a little better than these belt tightening conservative midwesterners. it would seem that the interest alone on this 136 million would allow for some extravagent spending. it is their right of course, but sitting in their yard staring at their mine stripped countryside every day seems to be a waste. why not invest in those closed storefronts in that backwoods town and give people jobs to boost the economy to take the blight out of that community since they are hell bent on continuing to still live there. i guarantee that there is some resentment in that community about them not sharing the wealth at the very least to a small degree. some financial planner is probaby making more off them and spending more than they and the entire town is.

what are you talking about... they ARE spreading it around and ARE being generous... to whom are you comparing them to that you are saying that they are NOT being generous?  and the list that was printed... it never said it was the definitive list of what they did/were doing with their money, the couple may very well be planning other activities - also altruistic in nature.

helpmewin's avatarhelpmewin

Good for them Lovies GIVE wisely

OldSchoolPa's avatarOldSchoolPa

Quote: Originally posted by faber98 on Feb 25, 2013

there have been some that have frittered it away and these people are overly conservative at the other spectrum. 50k for land for a sewage treatment plant? why not spring for the sewage treatment plant itself if they are so eager to help the community. the ball field will cost peanuts (for them). the fire station would seem to be a bigger donation but what is the point of playing the lottery if you don't at least indulge in blowing 3-5% of it (especially at their age) on some foolishness, considering the large amount of dough that they have. you don't have to be a jack whittaker or allow yourself to be poisoned if you win but there must be a middle road somewhere that allow you to pour some of it back into the economy. i'm sure whoever inherits their fortune will help spread the cash around a little better than these belt tightening conservative midwesterners. it would seem that the interest alone on this 136 million would allow for some extravagent spending. it is their right of course, but sitting in their yard staring at their mine stripped countryside every day seems to be a waste. why not invest in those closed storefronts in that backwoods town and give people jobs to boost the economy to take the blight out of that community since they are hell bent on continuing to still live there. i guarantee that there is some resentment in that community about them not sharing the wealth at the very least to a small degree. some financial planner is probaby making more off them and spending more than they and the entire town is.

That line about investing in those empty storefronts only make sense if they have done due diligence to identify a viable business plan. To do otherwise and pour good money into those empty shells would be the socialist approach Obama is taking in throwing our tax dollars to those failing green energy companies. Not smart at all. I would not criticize them since at least it seems they are being responsible and even keeled...much more than can be said of our president.

rdgrnr's avatarrdgrnr

There are still a lotta good people in this country.

God bless these nice people.

mightwin's avatarmightwin

Hopefully they can continue with the normal day to day and have their privacy.

Artist77's avatarArtist77

Quote: Originally posted by faber98 on Feb 25, 2013

there have been some that have frittered it away and these people are overly conservative at the other spectrum. 50k for land for a sewage treatment plant? why not spring for the sewage treatment plant itself if they are so eager to help the community. the ball field will cost peanuts (for them). the fire station would seem to be a bigger donation but what is the point of playing the lottery if you don't at least indulge in blowing 3-5% of it (especially at their age) on some foolishness, considering the large amount of dough that they have. you don't have to be a jack whittaker or allow yourself to be poisoned if you win but there must be a middle road somewhere that allow you to pour some of it back into the economy. i'm sure whoever inherits their fortune will help spread the cash around a little better than these belt tightening conservative midwesterners. it would seem that the interest alone on this 136 million would allow for some extravagent spending. it is their right of course, but sitting in their yard staring at their mine stripped countryside every day seems to be a waste. why not invest in those closed storefronts in that backwoods town and give people jobs to boost the economy to take the blight out of that community since they are hell bent on continuing to still live there. i guarantee that there is some resentment in that community about them not sharing the wealth at the very least to a small degree. some financial planner is probaby making more off them and spending more than they and the entire town is.

OH come on now.  This is not a 3rd world country and I am sure the city will get tax breaks for building a plant and I give the winners credit for getting this whole thing going. Giving to charity is not always about just writing the biggest checks but using the money wisely so it will have a followup effect ("seed" money). I think they seem to be making deliberate and wise choices. Would you prefer they throw millions at starting their own movie studio and attempt to "brand" themselves like Cynthia Stafford?  A jackpot win allows you the freedom to make your own choices. I would approach it in the exact same way the are doing.

Artist77's avatarArtist77

Quote: Originally posted by OldSchoolPa on Feb 25, 2013

That line about investing in those empty storefronts only make sense if they have done due diligence to identify a viable business plan. To do otherwise and pour good money into those empty shells would be the socialist approach Obama is taking in throwing our tax dollars to those failing green energy companies. Not smart at all. I would not criticize them since at least it seems they are being responsible and even keeled...much more than can be said of our president.

Amen.

faber98

Quote: Originally posted by Artist77 on Feb 25, 2013

Amen.

it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

Coin Toss's avatarCoin Toss

Good for the winners. Passing up the Camaro for a pick up shows he's using his head. Both might have cost the same, or the pick up may have been more, but it will prove way more versatile.

_______________________________________

This, from the OP:

Winning can be a burden

History is replete with lottery winners whose lives have gone sour after becoming rich.

The National Endowment for Financial Education cites research estimating that 70 percent of people who suddenly receive a large sum of money will lose it within a few years.

Makes me wonder. Let's say you won enough that you got $100M after taxes, and just for the sake of discussion you decided to give six people $1M each.

70% of 6 is 4.2 so we'll call that 4 people. Statistically, according to this anyway, 4 of the 6 you gave $1M to will lose it. Guess what theyr're going to do when they lose it. They're going to come back yto you and ask for more.

"Man you still have tens of millions, slap another mil on me, be a buddy."

sully16's avatarsully16

They sound like real nice people, I wish them the best.

faber98

Quote: Originally posted by Coin Toss on Feb 25, 2013

Good for the winners. Passing up the Camaro for a pick up shows he's using his head. Both might have cost the same, or the pick up may have been more, but it will prove way more versatile.

_______________________________________

This, from the OP:

Winning can be a burden

History is replete with lottery winners whose lives have gone sour after becoming rich.

The National Endowment for Financial Education cites research estimating that 70 percent of people who suddenly receive a large sum of money will lose it within a few years.

Makes me wonder. Let's say you won enough that you got $100M after taxes, and just for the sake of discussion you decided to give six people $1M each.

70% of 6 is 4.2 so we'll call that 4 people. Statistically, according to this anyway, 4 of the 6 you gave $1M to will lose it. Guess what theyr're going to do when they lose it. They're going to come back yto you and ask for more.

"Man you still have tens of millions, slap another mil on me, be a buddy."

how about buying both the truck and the camaro. it would help the car dealership(s). i'm just saying stashing the money with some investment firm only helps the investment firm who will probably befuddle them on their profits. what they should do is build a tornado sound warning signal tower since they live right smack in the middle of tornado alley. it seems they are trying to help out the town in dribs and drabs so they aren't bad people. the paltry amount to resurrect some storefronts would have the impact of sticking a common pin into a pumpkin on their bankroll. if they did it right and got the right people to run the right type of businesses they would probably even make some money out of it if they used their heads like you think they are doing. instead they probably have 95% of it invested with some capital investment firm.

Artist77's avatarArtist77

Quote: Originally posted by faber98 on Feb 25, 2013

how about buying both the truck and the camaro. it would help the car dealership(s). i'm just saying stashing the money with some investment firm only helps the investment firm who will probably befuddle them on their profits. what they should do is build a tornado sound warning signal tower since they live right smack in the middle of tornado alley. it seems they are trying to help out the town in dribs and drabs so they aren't bad people. the paltry amount to resurrect some storefronts would have the impact of sticking a common pin into a pumpkin on their bankroll. if they did it right and got the right people to run the right type of businesses they would probably even make some money out of it if they used their heads like you think they are doing. instead they probably have 95% of it invested with some capital investment firm.

You cannot reestablish small businesses (that closed) in small towns when everyone shops at walmart and can get a better deal..  It sounds like you want them to establish a company town run by them....that would not benefit anyone. It is not the free market.

faber98

Quote: Originally posted by Artist77 on Feb 25, 2013

You cannot reestablish small businesses (that closed) in small towns when everyone shops at walmart and can get a better deal..  It sounds like you want them to establish a company town run by them....that would not benefit anyone. It is not the free market.

 i don't want them to do anything but spend some money on something rather than have it hoarded in some foreign investment fund. a coffee shop or town offices or a pool hall comes to mind. anything to refurbish the downtown would give residents some pride rather than looking at boarded up old decaying storefronts. you seem to want them to make investments to make them richer or to save their money for a rainy day. i don't know where you get the company town idea from. no one expects them to open up a mine and force people to shop in their downtown stores, and live in row houses that they would build. what they could do is finance a condo complex to get more people into the town to help it thrive. not that far from kansas city for commuting is it. they have too much money to sit on. they are in no danger of becoming the next jack whittaker.

Seattlejohn

I'm always happy to see lottery winners who are unaffected by their sudden wealth.  Good for them!

golfer1960's avatargolfer1960

The Hills have given money for good projects around town like a fire station, ball field and land for a new sewage treatment plant. I wonder if they will have a problem saying "NO" to people. Quietly, this could be a couple that might have money troubles later on.

noise-gate

If memory serves me correct- Cindy was the one that said something to the effect" crazy people had better not come out of the woodwork looking for a handout from them"..Glad  to see the Hills grounded.
All the best and enjoy your winnings.Party

IPlayWeekly's avatarIPlayWeekly

Great story, however, trying to keep things normal won't remain realistic.  When you've got 150 million (not regular multi millions) how can you relate to issues related to the common man.  Over the next few months things will change, watch

Ronnie316

Quote: Originally posted by sully16 on Feb 25, 2013

They sound like real nice people, I wish them the best.

I Agree! Best wishes.

Piaceri

Quote: Originally posted by faber98 on Feb 25, 2013

 i don't want them to do anything but spend some money on something rather than have it hoarded in some foreign investment fund. a coffee shop or town offices or a pool hall comes to mind. anything to refurbish the downtown would give residents some pride rather than looking at boarded up old decaying storefronts. you seem to want them to make investments to make them richer or to save their money for a rainy day. i don't know where you get the company town idea from. no one expects them to open up a mine and force people to shop in their downtown stores, and live in row houses that they would build. what they could do is finance a condo complex to get more people into the town to help it thrive. not that far from kansas city for commuting is it. they have too much money to sit on. they are in no danger of becoming the next jack whittaker.

It would be pretty dumb to invest in something where there are no customers. The storefronts closed for some reason, most likely lack of customers. Would you consider it a wise investment to open a business without the marketing research needed to determine if there are even any customers? Or do you want these people, blessed as they are with this win, to employ people to sit around and do nothing? That is what labor unions are for.

And good God, give these people some time to figure out where the best place is to 'invest' in their community. It's only been 3 months. They have a lifetime of 'investing' in their community. Just because they don't empty their bank accounts the day after the win does not mean they are being "overly conservative". This is not a community win. This couple won the jackpot, and it is their's to do as they wish. You have no say, and neither does anyone else. They put up the $2 for that number, you did not. What other purpose is there for playing the lottery than to win for yourself?

And please, really, your ignorance about investments is showing. Without investments, businesses do not get injections of cash they can use to expand. When you invest, not only do you and your investment firm benefit, the economy as a whole benefits. 

 

You sound resentful of their win. Why is that? It was not yours to win this time. When your time comes, I sure hope some ignorant dumbass doesn't second guess your financial plans.

 

It sounds to me these two are being very smart with their win. Congrats to them, and best wishes for the future.

faber98

Quote: Originally posted by Piaceri on Feb 26, 2013

It would be pretty dumb to invest in something where there are no customers. The storefronts closed for some reason, most likely lack of customers. Would you consider it a wise investment to open a business without the marketing research needed to determine if there are even any customers? Or do you want these people, blessed as they are with this win, to employ people to sit around and do nothing? That is what labor unions are for.

And good God, give these people some time to figure out where the best place is to 'invest' in their community. It's only been 3 months. They have a lifetime of 'investing' in their community. Just because they don't empty their bank accounts the day after the win does not mean they are being "overly conservative". This is not a community win. This couple won the jackpot, and it is their's to do as they wish. You have no say, and neither does anyone else. They put up the $2 for that number, you did not. What other purpose is there for playing the lottery than to win for yourself?

And please, really, your ignorance about investments is showing. Without investments, businesses do not get injections of cash they can use to expand. When you invest, not only do you and your investment firm benefit, the economy as a whole benefits. 

 

You sound resentful of their win. Why is that? It was not yours to win this time. When your time comes, I sure hope some ignorant dumbass doesn't second guess your financial plans.

 

It sounds to me these two are being very smart with their win. Congrats to them, and best wishes for the future.

i just like to stir things up for entertainment purposes. my only question is where is the money sitting at after 3 months. no one expects them to "empty"their bank accounts to reconstruct the town, although they seem to have made a committment to do something since they plan to stay there???. i'm sure they will become pariahs and be resented by many for not helping enough. no, they don't have to, but have opened up a can or worms and are pretty much in a no win situation. either shell out major cash to the community or leave it altogether. if they choose to lock down and stay resentment will fester. people will comment that they're making the investment bankers a ton of money and they could do more to help us since they erroneously decided to stay there. this is why most jackpot winners flee their hometown to avoid these situations. they could tear down the storefront and build recreation areas for the kids since no one thinks that a profit can be made from business operations since no one lives there apparently.

HaveABall's avatarHaveABall

Interesting, stimulating, comments to read thus far. Snowman

Piaceri

Quote: Originally posted by faber98 on Feb 26, 2013

i just like to stir things up for entertainment purposes. my only question is where is the money sitting at after 3 months. no one expects them to "empty"their bank accounts to reconstruct the town, although they seem to have made a committment to do something since they plan to stay there???. i'm sure they will become pariahs and be resented by many for not helping enough. no, they don't have to, but have opened up a can or worms and are pretty much in a no win situation. either shell out major cash to the community or leave it altogether. if they choose to lock down and stay resentment will fester. people will comment that they're making the investment bankers a ton of money and they could do more to help us since they erroneously decided to stay there. this is why most jackpot winners flee their hometown to avoid these situations. they could tear down the storefront and build recreation areas for the kids since no one thinks that a profit can be made from business operations since no one lives there apparently.

You are really good at stirring the pot. Do you have any friends? LOL.

 

I will agree with you that there will be resentment from some. I think in a smaller down, that sort of thing will be less because the real 'demand' would be less. Most people in small towns like to be self sufficient, and when these people step up where there is actual need... like $ to build the new fire station that is closer to the highways, or the cost of land for a new sewage treatment plant that may have already been budgeted for except for the cost of the land.

To be effective, you need to identify the real needs vs wants. They are doing a good job so far. I'm sure this is something they plan on continuing for many years.

destiny1's avatardestiny1

it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

 

You sound like one of those who would lose it in a few years. Those "belt tightening conservative midwesteners" have only had the money for 3 months. Let them go slow and make the "right" choices for everyone concerned. It serves no one if they fritter it away in foolishness.

faber98

Quote: Originally posted by destiny1 on Feb 26, 2013

it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

 

You sound like one of those who would lose it in a few years. Those "belt tightening conservative midwesteners" have only had the money for 3 months. Let them go slow and make the "right" choices for everyone concerned. It serves no one if they fritter it away in foolishness.

even I, as bad as i am with money couldn't rip through that much ever. yes, their pace is slow and they are being wise, but they are in their 50's. it's like they driving 15 miles an hour in a 30 mph zone. most would agree they shouldn't have stayed there. for what to go down to the convenience store for coffee every morning bring the kansas city newspaper back and sit down and watch the amanda show. i sincerely believe that powerball jackpots should only carryover once. if no one hits it after the 2nd drawing it should be split amongst what is now the million dollar winners (eliminate that power play option) no one needs this much money. it is more of a burden than people realize. spreading it around would benefit the econmy more than one or two giant winners allowing some investment firm to prosper. that benefits no one but the rich.

rdgrnr's avatarrdgrnr

Quote: Originally posted by destiny1 on Feb 26, 2013

it's not like they only have 10 million to throw around. they have 130 million. they could rebuild that entire town if they so desired. get a tax credit in a town of 400 people. i don't think it matters one iota. they need to loosen up the grip on this money somehow somewhere. i know they don't have to if they don't want to but they should release the valve that holds the cash.

 

You sound like one of those who would lose it in a few years. Those "belt tightening conservative midwesteners" have only had the money for 3 months. Let them go slow and make the "right" choices for everyone concerned. It serves no one if they fritter it away in foolishness.

"It serves no one if they fritter it away in foolishness."

I don't think I'd ever fritter my money away if I won.

Never really cared much for fritters anyway.

Well... maybe an apple fritter on occasion.

But I can't stand corn fritters.

Truth be told - I don't like hush puppies neither.

And I don't care who knows it.

jeffrey's avatarjeffrey

they better learn to say no.

Ronnie316

Quote: Originally posted by rdgrnr on Feb 26, 2013

"It serves no one if they fritter it away in foolishness."

I don't think I'd ever fritter my money away if I won.

Never really cared much for fritters anyway.

Well... maybe an apple fritter on occasion.

But I can't stand corn fritters.

Truth be told - I don't like hush puppies neither.

And I don't care who knows it.

I Agree! The last thing a winner needs to worry about is fritters.Green laugh

faber98

Quote: Originally posted by Ronnie316 on Feb 26, 2013

I Agree! The last thing a winner needs to worry about is fritters.Green laugh

actually, if they fritter it away (which they won't) it would benefit more people than if they stash it with investment bankers, who will use it to build casinos in macau or somewhere else to make the best profit for (them) and the missouriites. i still maintain that all that cash in the hands of those shyster bankers is doing less good (for the populace in general) than it would if say for example they hired home builders to construct affordable housing in that community and sold them for cost for lure people there so they would stimulate the local economy (while still holding their jobs in kansas city) by patronizing the rebuilt downtown stores which the current locals could operate. i mean ok 50k for land for the sewage treatment plant which probably could have been obtained by the town by emminent domain for less probably will benefit these winners sewage situation also. i really couldn't care less if they converted it all to cash and stored it in a back shed which eventually would catch fire and burn. that would make a better story than someone winning and forming a trust and never hear or know what happened to it ever. these people as congenial as they may sound or are will eventually have to leave that place to find somewhere more condusive to their situation. they stick out like a sore thumb there currently.

Piaceri

Quote: Originally posted by rdgrnr on Feb 26, 2013

"It serves no one if they fritter it away in foolishness."

I don't think I'd ever fritter my money away if I won.

Never really cared much for fritters anyway.

Well... maybe an apple fritter on occasion.

But I can't stand corn fritters.

Truth be told - I don't like hush puppies neither.

And I don't care who knows it.

Scared What self respectin Southerner doesn't like hush puppies?!?!?!? Thud

 

As winners of a jackpot, PB or whatever, it is their right to fritter it away if they want to. Maybe they can open a store in one of those boarded up storefronts and specialize in fritters. 

White Bounce

 

This is for you faber98 Chair Your spread the wealth and 'nobody needs that much money' attitudes just don't jive with winning jackpot lotteries.

Artist77's avatarArtist77

Quote: Originally posted by Piaceri on Feb 26, 2013

Scared What self respectin Southerner doesn't like hush puppies?!?!?!? Thud

 

As winners of a jackpot, PB or whatever, it is their right to fritter it away if they want to. Maybe they can open a store in one of those boarded up storefronts and specialize in fritters. 

White Bounce

 

This is for you faber98 Chair Your spread the wealth and 'nobody needs that much money' attitudes just don't jive with winning jackpot lotteries.

I Agree!

peppy007

Quote: Originally posted by faber98 on Feb 26, 2013

i just like to stir things up for entertainment purposes. my only question is where is the money sitting at after 3 months. no one expects them to "empty"their bank accounts to reconstruct the town, although they seem to have made a committment to do something since they plan to stay there???. i'm sure they will become pariahs and be resented by many for not helping enough. no, they don't have to, but have opened up a can or worms and are pretty much in a no win situation. either shell out major cash to the community or leave it altogether. if they choose to lock down and stay resentment will fester. people will comment that they're making the investment bankers a ton of money and they could do more to help us since they erroneously decided to stay there. this is why most jackpot winners flee their hometown to avoid these situations. they could tear down the storefront and build recreation areas for the kids since no one thinks that a profit can be made from business operations since no one lives there apparently.

I've noticed u always stir the pot whenever people win lots of money. Remember is not their responsibility to fix their town. Its their local government's. They give back to their community because they choose to. Im sure if and when townspeople begin to harass them for more money, they'll get up and move.

faber98

Quote: Originally posted by peppy007 on Feb 26, 2013

I've noticed u always stir the pot whenever people win lots of money. Remember is not their responsibility to fix their town. Its their local government's. They give back to their community because they choose to. Im sure if and when townspeople begin to harass them for more money, they'll get up and move.

i just firmly believe lottery jackpots should be capped. lots of money to me would be 10 million. the greed factor of people on this site astounds me. many won't spend 2.00 unless the jackpots are 100 million+. anyone or everyone has the right to do what they want in this regard. i don't know why people root for these large jackpot winners to be frugal and hang on to every dollar as if it were their last. spread some of it around cindy, you can't take it with you. i never advocated that they should give back to their 1 horse town. no one who wins this amount knows what to do with it, so they let investment bankers play with it, which helps virtually no one. i would rather see 100 people win 1 million, than 1 person win 100 million.

jimmy4164

Quote: Originally posted by jeffrey on Feb 26, 2013

they better learn to say no.

I wonder if this would work?

Agree to a press conference with a written guarantee from the news agency that a particular 1 minute segment of your comments make it to the news.  In this minute, clearly inform everyone that you are telling them in advance that IF THEY ASK YOU FOR ANYTHING THEY WILL GET NOTHING, and that you will choose who will get a share, and how much.  Then, when someone asks, all you'll have to do is give them a copy of the news release or a video of your conference. Smile

iwillwin

Quote: Originally posted by faber98 on Feb 27, 2013

i just firmly believe lottery jackpots should be capped. lots of money to me would be 10 million. the greed factor of people on this site astounds me. many won't spend 2.00 unless the jackpots are 100 million+. anyone or everyone has the right to do what they want in this regard. i don't know why people root for these large jackpot winners to be frugal and hang on to every dollar as if it were their last. spread some of it around cindy, you can't take it with you. i never advocated that they should give back to their 1 horse town. no one who wins this amount knows what to do with it, so they let investment bankers play with it, which helps virtually no one. i would rather see 100 people win 1 million, than 1 person win 100 million.

Maybe you are too young to understand how money works, or possibly you are simply ignorant becuase of lack of experience.  In more than one of your posts, you made it known that you don't like people investing money.  You act like there is some evil cabal of investment professionals that do nothing but sit back and "take" money.

It's called the free market, and if left to work it will. I have started a portfolio with a firm, and both the firm itself and any stock or bond I purchase make a commission.  However, like an old teacher taught me, "80% of something is ALWAYS more than 100% of ZERO".  You might not know that all those business that expand need those investments to do so.

Also, where do think all the money comes from to pay all the police, fire, teachers, etc who get a pension?  That comes from investments. Who are you to say what is too much?  Just because you say 10 million is too much, that might not suit the next person?  Do you think 10 million is too much of a yearly salary for a CEO? Do you think the government should decide how much people can or can't make?

I wish you well in your life.

faber98

Quote: Originally posted by iwillwin on Feb 27, 2013

Maybe you are too young to understand how money works, or possibly you are simply ignorant becuase of lack of experience.  In more than one of your posts, you made it known that you don't like people investing money.  You act like there is some evil cabal of investment professionals that do nothing but sit back and "take" money.

It's called the free market, and if left to work it will. I have started a portfolio with a firm, and both the firm itself and any stock or bond I purchase make a commission.  However, like an old teacher taught me, "80% of something is ALWAYS more than 100% of ZERO".  You might not know that all those business that expand need those investments to do so.

Also, where do think all the money comes from to pay all the police, fire, teachers, etc who get a pension?  That comes from investments. Who are you to say what is too much?  Just because you say 10 million is too much, that might not suit the next person?  Do you think 10 million is too much of a yearly salary for a CEO? Do you think the government should decide how much people can or can't make?

I wish you well in your life.

i'm all for people investing their hard earned money with a reputable investment firm or program in order to increast their net worth. i do believe there is an assortment of evil investment professionals who are out to get all they can from anyone who invests with them. not all but some. check out some on the web who are currently awaiting trial or have been convicted. i just don't see how these winners investing 130 million or so is going to be used to pay teachers, fire, and police etc. maybe in some indirect taxation form it will go to them. they have no choice but to invest it since they have too much to hide in their missouri hillside shanty. yes, 10 million dollars a year is too much of a salary for a CEO. what do they do to earn it really. no the govt. shouldn't decide how much someone can make. this is about winning a lottery and not really knowing what to do with it. no one would. throwing a couple of bones to their hometown coffers to paint themselves as being good generous people is merely a facade. they will earn all that back in interest on their investments (if someone doesn't bilk them) in a month. i just fail to understand why they didn't spend the winter in hawaii instead of enduring 2 blizzards and a tornado while heading down to get coffee at the convenience store. i'm calling cindy a grade I cheapskate and would to her face. she just appears to me as someone who doesn't want to spend any of it unless it is necessary. her right of course but really don't you think they could afford 2 new vehicles instead of hemming and hawing over whether to buy the truck or camaro? tightwad cindy needs to get a clue.

noise-gate

Quote: Originally posted by faber98 on Feb 27, 2013

i'm all for people investing their hard earned money with a reputable investment firm or program in order to increast their net worth. i do believe there is an assortment of evil investment professionals who are out to get all they can from anyone who invests with them. not all but some. check out some on the web who are currently awaiting trial or have been convicted. i just don't see how these winners investing 130 million or so is going to be used to pay teachers, fire, and police etc. maybe in some indirect taxation form it will go to them. they have no choice but to invest it since they have too much to hide in their missouri hillside shanty. yes, 10 million dollars a year is too much of a salary for a CEO. what do they do to earn it really. no the govt. shouldn't decide how much someone can make. this is about winning a lottery and not really knowing what to do with it. no one would. throwing a couple of bones to their hometown coffers to paint themselves as being good generous people is merely a facade. they will earn all that back in interest on their investments (if someone doesn't bilk them) in a month. i just fail to understand why they didn't spend the winter in hawaii instead of enduring 2 blizzards and a tornado while heading down to get coffee at the convenience store. i'm calling cindy a grade I cheapskate and would to her face. she just appears to me as someone who doesn't want to spend any of it unless it is necessary. her right of course but really don't you think they could afford 2 new vehicles instead of hemming and hawing over whether to buy the truck or camaro? tightwad cindy needs to get a clue.

I can understand your position on this topic, my earlier port on the wife reflects her thinking to some degree. At the news conference or to seperate reporters she mentioned how grand it was to win half the prize BUT threw in the line about th e re better not be "crazy people"  coming out and asking for a handout..just who would " these people be" if not local townsfolk? Perhaps she may have regretted using that kind of language or the husband told her to back off those statements by usinh some of the winnings as a gesture to cout goodwill,,  but you right why not  pay for the entire water/sewage unit- even if it cost $10 mil..so what? There's plenty more where that came from.

hotslot3

Live modestly? Give back to hometown? 

Are you kidding me? What a waste of a jackpot win of this magnitude. This is a life changing amount of money beyond comprehension for most people. Seriously, what a total complete lack of imagination and waste of using their new wealth. 

Yes, giving back to your hometown is great and all but hell, live a little! You won over $100 million not $100 thousand. LOL

And still living in Missouri...Roll Eyes Nothing wrong with the state, but if you're worth $100 million+ there are far better places to live with that much loot in your pocket.   It's just the total lack of imagination that gets me. I'm not saying to go out and blow the money on 20+ cars and yachts. I'm just saying couldn't they have bought the redneck truck AND the new sports car?  I mean, $130 million is still enough for this sort of wild spending, yes? LOL

Again, I'm sure they're great people and all (how the heck would I know) but live a little people!! You're only going around this merry-go-round once! Smash

As far as 70% of new money folks going broke, pfft. If you're an imbecile like David Edwards who spends every last nickel yes. If you're smart and know how to indulge without being a redneck idiot, you will be fine.

faber98

Quote: Originally posted by hotslot3 on Feb 27, 2013

Live modestly? Give back to hometown? 

Are you kidding me? What a waste of a jackpot win of this magnitude. This is a life changing amount of money beyond comprehension for most people. Seriously, what a total complete lack of imagination and waste of using their new wealth. 

Yes, giving back to your hometown is great and all but hell, live a little! You won over $100 million not $100 thousand. LOL

And still living in Missouri...Roll Eyes Nothing wrong with the state, but if you're worth $100 million+ there are far better places to live with that much loot in your pocket.   It's just the total lack of imagination that gets me. I'm not saying to go out and blow the money on 20+ cars and yachts. I'm just saying couldn't they have bought the redneck truck AND the new sports car?  I mean, $130 million is still enough for this sort of wild spending, yes? LOL

Again, I'm sure they're great people and all (how the heck would I know) but live a little people!! You're only going around this merry-go-round once! Smash

As far as 70% of new money folks going broke, pfft. If you're an imbecile like David Edwards who spends every last nickel yes. If you're smart and know how to indulge without being a redneck idiot, you will be fine.

amazing! finally 2 people (noise-gate) and (hotslot3) who actually get it. good solid posts! they were not obligated to do anything for anybody or anytown. but by choosing to remain there they had to something to save face in that community. i've ball park calculated the interest daily on 130,000,000 and at a modest 5% it comes to around 18,000.00 a day! i'm willing to bet cindy's husband wanted both vehicles and probably a new house with a 3 car garage. but cindy nixed that as their current home is probably liveable and she made him choose between the camaro or the more practical truck. another day and half of interest earnings would cover the camaro but tightwad cindy put her probably overweight foot down. the land purchase, ballfield, and fire station might cost them less than 2 weeks interest income. yet, people continue to laud these people as saints and root for them to increase their net worth which if cindy has her way (we know who wears the pants in that family) will increase to 190,000,000.00 in 10 years. good for them. it appears they will never spend any of the original 130,000,000.00. i for one hope they get bilked.

Piaceri

faber98, you are just jealous and bitter. Get over it. LOL.

 

Y'all have to remember that most advisors are going suggest to any winners not to make any large financial purchases or decisions for the 1st 6 months. There is a lot to think about and a lot to learn about money of this magnatude. What these people do 3 months after the win will not be the same a year later. The first 6 months after a jackpot win is a time to plan what they want to do with the money, and to plan well enough that they still have money in 20, 50, or however many years - money to leave for their children or grandchildren. Or money to leave a legacy behind.

hotslot3

Quote: Originally posted by faber98 on Feb 27, 2013

amazing! finally 2 people (noise-gate) and (hotslot3) who actually get it. good solid posts! they were not obligated to do anything for anybody or anytown. but by choosing to remain there they had to something to save face in that community. i've ball park calculated the interest daily on 130,000,000 and at a modest 5% it comes to around 18,000.00 a day! i'm willing to bet cindy's husband wanted both vehicles and probably a new house with a 3 car garage. but cindy nixed that as their current home is probably liveable and she made him choose between the camaro or the more practical truck. another day and half of interest earnings would cover the camaro but tightwad cindy put her probably overweight foot down. the land purchase, ballfield, and fire station might cost them less than 2 weeks interest income. yet, people continue to laud these people as saints and root for them to increase their net worth which if cindy has her way (we know who wears the pants in that family) will increase to 190,000,000.00 in 10 years. good for them. it appears they will never spend any of the original 130,000,000.00. i for one hope they get bilked.

Thanks faber. Glad to hear you read and agreed with some of my musings. Good to know some people are reading these replies and myself and others aren't just typing-in-the-wind, so to speak. LOL

I also agree with points you made in earlier replies here. What's the point in playing the lottery in the first place if not to live it up should lady luck ever bless you with a supernatural win! especially at their age...

And for the life of me I don't know how they could continue to stay in Missouri for many reasons. 1. The Jealous neighbors are 100% secretly very jealous of you now. 2. There are much, much better places to live then some redneck nowhere-town in Missouri with their new very, very rich status. The possibilities for them are endless. To just be sitting home in the old house in Missouri still is VERY unimaginative of them. They could literally be living like Kings and Queens everyday for the rest of their life and never go broke. But they choose to remain living modestly in Missouri. Bang Head They could have done that without ever winning the lottery of this size. Yes Nod

And I'm not talking about being a redneck half-wit with their money like David Edwards. They could live like royalty off just the interest alone without ever really touching the principal. I mean what would a brand new mercedes-benz set them back 3 or 4 days of interest? And they passed on the camaro? Roll Eyes                          What these nice people have to understand is that they are not "normal millionaires" they are super-rich now. They are no longer normal people who can relate to the average joe because they don't and never will again have the same worries or cares that most people HAVE to deal with on a daily basis. Maybe they just haven't realized how rich they are yet? Bash

And for the record if anyone wonders, I'm not jealous. I hope they make sound investments and become billionaires. Just live a little is all I'm saying!! They couldn't possibly ever go broke unless they're related to David Edwards, right?  What the heck else is money for anyway!

Banana

noise-gate

Lottery Post ( November 30th 2012)

 

Our Cindy had this to say.... in part.

 

We're still stunned by what's happened," said Cindy Hill, 51, who was laid off in June 2010. "It's surreal."

The couple have three grown sons and a 6-year-old daughter they adopted from China five years ago. They said they are now considering a second adoption with their winnings, and they plan to help other relatives, including their grandchildren and nieces and nephews, pay for college. They're planning vacations, and their daughter, Jaiden, wants a pony. Mark Hill has his eye on a red Camaro.

More immediately, they're preparing for "a pretty good Christmas" and anticipating an onslaught of requests for financial help.

"When it's that big of a Powerball, you're going to get people coming out of the woodwork, some of them might not be too sane," Cindy Hill said. "We have to protect our family and grandkids."

 

*** Just who are these " some of them might not be too sane".. Cindy?

 Are we expecting people flying in from Florida or the Bahamas asking for financial help?

faber98

Quote: Originally posted by noise-gate on Feb 27, 2013

Lottery Post ( November 30th 2012)

 

Our Cindy had this to say.... in part.

 

We're still stunned by what's happened," said Cindy Hill, 51, who was laid off in June 2010. "It's surreal."

The couple have three grown sons and a 6-year-old daughter they adopted from China five years ago. They said they are now considering a second adoption with their winnings, and they plan to help other relatives, including their grandchildren and nieces and nephews, pay for college. They're planning vacations, and their daughter, Jaiden, wants a pony. Mark Hill has his eye on a red Camaro.

More immediately, they're preparing for "a pretty good Christmas" and anticipating an onslaught of requests for financial help.

"When it's that big of a Powerball, you're going to get people coming out of the woodwork, some of them might not be too sane," Cindy Hill said. "We have to protect our family and grandkids."

 

*** Just who are these " some of them might not be too sane".. Cindy?

 Are we expecting people flying in from Florida or the Bahamas asking for financial help?

ya right on. hope they had a pretty good christmas. at least they're allegedly taking care of family. i guess full realization hasn't sunk in yet. i've had enough of bashing the hills. can't wait for the next big winner to see what they do.

jamella724

It's nice to know that there are still people like them. They know how to give back to their community. Still good things happen to good people.

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