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If and when you win the JP: Would you be open to " advice" from the likes of...

Topic closed. 32 replies. Last post 4 years ago by Teddi.

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Posted: June 5, 2013, 11:09 am - IP Logged

Point Taken Coin Toss- however l was watching this piece on YouTube featuring Kali Muscle and he goes into saying how he wasted precious time in prison when he could have been doing positive things. He now visits prisons and homes for troubled teens and lectures on " what not to do". It's pretty impressive.
I would post the link but the language he uses is not PG.
With that in mind l made the connection on " what not to do" with these guys. They have first hand experience.

The guy sounds like a complete idiot.

    Teddi's avatar - Lottery-008.jpg

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    Posted: June 5, 2013, 11:47 am - IP Logged

    Funny you should say that Yoho- people who are alcoholics and seek to clean up their lives will go to AA meetings and listen to people who have " a story to tell" and these folk will go on for what seems like ages, telling it like it is, and people would sit there and soak it all in because they too are in the same boat.Yet when it comes to the lottery and money, everyone seems to know it all, they wont do this, they wont do that once they have those Benjamin's in hand- everyone is an expert, well why not listen to these " experts" on not what to do? 

    Pointless saying " l have heard it all".. no you have'nt because you have not been a Millionaire for one- and two, you have not lost bigtime.

    I wouldn't front and pretend I know what to do (I know the basics) I would absolutely take the advice from those in the know, i.e. financial advisors/accountants/lawyers.  All JP winners are targeted by the IRS. So I plan on doing everything by the book. No funny business. 

    But in the case of David and Jack, that's a different story. Not because I'm not interested in what they have to say, but because we know what they did and I don't think we'd ever follow in their footsteps. It isn't a case of not knowing their story.  We know their story and it's a cautionary tale of what never to do. 

    If you're stupid enough to keep large sums of cash in an unlocked vehicle while at a strip club, then you shouldn't be surprised when you get robbed. If you're dumb enough to do it twice, you can't go crying that the lottery cursed you. If someone in your family has a drug problem, you send them to rehab, you don't put them on a $2000/week allowance. Either common sense or an episode of Intervention should tell you that's an OD waiting to happen. 

    Edwards hired a financial advisor and then proceeded to ignore everything the man told him to do. In fact, sometimes it seemed he would buy things just to annoy the advisor. The advisor told him to invest X amount and live off the interest. He ignored that. The advisor told him to ease up on his spending because he'd run through too much money in a short space of time. He ignored that. And then came the relapse into drug use that took the rest. 

    As far as I can tell, Jack's only advice to anyone who will listen right now is to not play the lottery because it' a curse. So no, I'm not listening to Jack. Bad decision making doesn't equal curse. But at least he's acted as a type of prophylactic. Everything not to do if you win millions.

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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      Posted: June 5, 2013, 11:49 am - IP Logged

      The guy sounds like a complete idiot.

      He says pretty much the same thing,  but at least he is maning up to his stupidity as a youth. You should check out his story on YouTube- the guy is huge in a muscular sense,  l bet if he sat on your chest it would cave in Ronnie.

        RJOh's avatar - chipmunk
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        Posted: June 5, 2013, 12:04 pm - IP Logged

        i think anyone over the age 55 will need financial advice after winning the lottery because those that are in that age group tend to be blowing their money frivolously.

        Those over the age of 55 can afford to spend the money frivolously because it doesn't have to last as long.

         * you don't need to buy more tickets, just buy a winning ticket * 
           
                     Evil Looking       


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          Posted: June 5, 2013, 12:07 pm - IP Logged

          Those over the age of 55 can afford to spend the money frivolously because it doesn't have to last as long.

          Thank you. Now your talkin my languageYes Nod LOL


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            Posted: June 5, 2013, 12:10 pm - IP Logged

            He says pretty much the same thing,  but at least he is maning up to his stupidity as a youth. You should check out his story on YouTube- the guy is huge in a muscular sense,  l bet if he sat on your chest it would cave in Ronnie.

            That could be, but if his YouTube is not family friendly he still has a lot to learn.


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              Posted: June 5, 2013, 12:11 pm - IP Logged

              Perhaps he could become a shock jock on paid radio?

                MADDOG10's avatar - smoke
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                Posted: June 5, 2013, 12:15 pm - IP Logged

                Perhaps he could become a shock jock on paid radio?

                Maybe he'll fit in with Stern and Company...!

                                                             

                                                               " You can not control the Wind, but you can direct the Sail "


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                  Posted: June 5, 2013, 12:16 pm - IP Logged

                  Maybe he'll fit in with Stern and Company...!

                  LOL

                    Teddi's avatar - Lottery-008.jpg

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                    Posted: June 5, 2013, 12:25 pm - IP Logged

                    Whittaker and Edwards. On how & what " Not to"..

                     

                    I'll be taking the best financial advice from one of my favorite movies...Fargo. 

                    Remember Stan Grossman? The financial advisor  for Jerry's father-in-law? When Jerry went to the FIL for money for a business proposition and the FIL said show it to Stan, Jerry said "Well,  you know  Stan'll say no dice.  That's why  you pay him" 

                    That right there is the best piece of advice for someone with money. I heard a lottery winner say the same thing too.

                    Everyone and their brother is going to be coming to you with investment ideas and for money to help them start a business. It's worse for lottery winners because they didn't earn the money so people have a perception of since you didn't earn it, so you should have less of an issue giving it up. 

                    So you need a buffer. Your own Stan Grossman. Someone whose job it is to say no to all the hairbrained schemes that will be floating your way from family and friends.  They won't hate you nearly as much if the no is from someone else. 

                      dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
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                      Posted: June 5, 2013, 12:59 pm - IP Logged

                      Nope I wouldn't.

                      I Love Pink & Green 1908

                        haymaker's avatar - Lottery-012.jpg
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                        Posted: June 5, 2013, 1:06 pm - IP Logged

                        Those over the age of 55 can afford to spend the money frivolously because it doesn't have to last as long.

                        Great minds think alike.

                        Thumbs Up

                        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                          Posted: June 5, 2013, 1:16 pm - IP Logged

                          Those over the age of 55 can afford to spend the money frivolously because it doesn't have to last as long.

                          I Agree!

                          Well Said RJOH- your other line in response to someone complaining about Texas contributing Millions for years to PB and only having ONE  winner was Classic. There is no substitute for wit...at times.


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                            Posted: June 5, 2013, 3:26 pm - IP Logged

                            I'll be taking the best financial advice from one of my favorite movies...Fargo. 

                            Remember Stan Grossman? The financial advisor  for Jerry's father-in-law? When Jerry went to the FIL for money for a business proposition and the FIL said show it to Stan, Jerry said "Well,  you know  Stan'll say no dice.  That's why  you pay him" 

                            That right there is the best piece of advice for someone with money. I heard a lottery winner say the same thing too.

                            Everyone and their brother is going to be coming to you with investment ideas and for money to help them start a business. It's worse for lottery winners because they didn't earn the money so people have a perception of since you didn't earn it, so you should have less of an issue giving it up. 

                            So you need a buffer. Your own Stan Grossman. Someone whose job it is to say no to all the hairbrained schemes that will be floating your way from family and friends.  They won't hate you nearly as much if the no is from someone else. 

                            Yeah I remember that movie...but the guy who had the Stan Grossman guy....still got killed

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                              Zeta Reticuli Star System
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                              Posted: June 5, 2013, 5:45 pm - IP Logged

                              noise-gate,

                              Whitaker did make some huge donations to a couple of churches but that aside I don't think we could call him or Edwards altruists. That considered, if a jackpot winner went to them for advice maybe human natruee would kick in and they'd intentionally give very bad advice, the mindset being they blew theirs so let's make this winner blow theirs.

                              helpmewin,

                              Re: the over 55 set, they're not the ones I see on the TLC lottery programs buying dozens of cars and such. Many grey areas here but I think the older winners are the less they are out to impress others.

                              Just consider some of the 'freanzy' threads here on LP when a jackpot is up and people post pictures of really high end cars and mansions, to be bought of course with money they haven't won. Consider who is posting what.

                              Older people are more likely to realize that material things don't bring happiness or only fleeting happiness. What they really bring is simply the desire for more material things.

                              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                              Lep

                              There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.