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" Should" you Win the lottery- would you borrow money out to friends if asked?

Topic closed. 62 replies. Last post 3 years ago by sully16.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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Posted: January 22, 2014, 10:36 am - IP Logged

Or would you give outright Gifts with the understanding " l love you friend but please lets not make this a habit-ok?"

Or would you be the gift that keeps on giving... so tospeak?

 

** Continue to have a Good week, its only  day.

    luckyshoes's avatar - butterfly neg.jpg
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    Posted: January 22, 2014, 10:41 am - IP Logged

    This is what I would do.. I would offer to pay a bill off for them but never handing out cash. They give me the bill, I give them a paid receipt.

    Surely the most important news of any day ...

                                                    is that the sun has risen one more time. Sun Smiley

      whiteballz's avatar - Lottery-015.jpg
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      Posted: January 22, 2014, 10:55 am - IP Logged

      I'm not a lotto winner but I've given out loans to friends in the past. Big mistake.

      .

        mikeintexas's avatar - tx avatar-1.gif
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        Posted: January 22, 2014, 10:57 am - IP Logged

        I'm not a lotto winner but I've given out loans to friends in the past. Big mistake.

        Yep, me too.  Lost both my friends AND the money most of the time.  They really weren't friends to begin with, don't guess.  They start resenting you and some have asked for more money.  "Good money after bad".

          mikeintexas's avatar - tx avatar-1.gif
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          Posted: January 22, 2014, 11:01 am - IP Logged


          A people that elect corrupt politicians, impostors, thieves and traitors are not victims...but accomplices.
           - George Orwell

            RedStang's avatar - tallman zps6gf4inoc.jpg
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            Posted: January 22, 2014, 11:13 am - IP Logged

            Good ?. I've always wondered if i should share with friends or close co-workers because i don't know if they would even think about sharing with me. There are a few that work hard and have sick kids so i would help them out without asking.

              CajunWin4's avatar - Lottery-061.jpg
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              Posted: January 22, 2014, 11:15 am - IP Logged

                Pita Maha's avatar - 940d8157 d1fb-4f70-a715-6ad04d915489.jpg
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                Posted: January 22, 2014, 11:21 am - IP Logged

                No, I would not be "the gift that keeps on giving", aka "human ATM" because as we've seen in the past, these are the types of jackpot winners who end up with nothing in the end. 

                Any money you do "borrow out" would have to be considered a gift, not a loan because in normal situations, lending money to friends often doesn't end well (they don't pay you back), so why would they pay you back knowing you've got a whack of money in the bank?

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                  Posted: January 22, 2014, 11:47 am - IP Logged

                  Or would you give outright Gifts with the understanding " l love you friend but please lets not make this a habit-ok?"

                  Or would you be the gift that keeps on giving... so tospeak?

                   

                  ** Continue to have a Good week, its only  day.

                  I dont give out money now, I dont think I'll start when I win either

                    CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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                    Posted: January 22, 2014, 11:49 am - IP Logged

                    Have limited friends and only a few close relatives, depends on the dollar amount that was asked to be borrowed.

                    No No

                    Stay Positive, Believe and good things will come your way

                      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                      Posted: January 22, 2014, 12:03 pm - IP Logged

                      This is what I would do.. I would offer to pay a bill off for them but never handing out cash. They give me the bill, I give them a paid receipt.

                      Perhaps making a copy of the receipt for your own record in the event your " friends" decide to debate you on having paid off an account for them huh?
                      Its called" covering all your bases"..

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                        Posted: January 22, 2014, 12:04 pm - IP Logged

                        Sage advice there Mike.

                          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                          Posted: January 22, 2014, 12:07 pm - IP Logged

                          I liked this piece- strong  but clear language Cajun.
                          The old adage does sometimes apply " Money can make enemies". Especially when people think that if you have won the lottery,  they have won.

                            mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
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                            Posted: January 22, 2014, 12:19 pm - IP Logged

                            This is a good question as I've wondered how others here felt.  I'd definitely not be a "gift that keeps on giving."  That's a dangerous precedent to put yourself in, as we have seen from some past winners.

                            It depends on the jackpot, but let's say it's a sizable one; I'm big on education, so I'd like to help out with college education for my family and close friends' children without being asked.

                            The one thing I'll avoid are business proposals I'll likely get from some friends.

                              noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                              Posted: January 22, 2014, 1:08 pm - IP Logged

                              This is a good question as I've wondered how others here felt.  I'd definitely not be a "gift that keeps on giving."  That's a dangerous precedent to put yourself in, as we have seen from some past winners.

                              It depends on the jackpot, but let's say it's a sizable one; I'm big on education, so I'd like to help out with college education for my family and close friends' children without being asked.

                              The one thing I'll avoid are business proposals I'll likely get from some friends.

                              Nice knowing you think it a good question MrC- it dawned on me that should one win, are they prepared beforehand on the possibility of being put in that situation?  One can always say " don't call me, l will call you"- however we talking about " friends" and l am sure there have been cases where so called friends have become " enemies" simply because the lottery winner has not complied with their wishes or demands.
                              I read a story once of a " friend" of a lottery winner who asked the winner to help her pay off her mortgage by giving her a check, well the winner went online and investigate this situation and it turned out that her friend's house had been paid for, when she asked her friend " why did you lie to me?"...the person asked " what- you spying on me now?"
                              That severed a decade old plus relationship. ..all over mistrust & lies.