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Quote: Originally posted by Drenick1 on Jun 25, 2014
The $27 million was after taxes (cash value before tax was $41.6 million). David Edwards actually split a $295 million jackpot 4-ways. I am somewhat surprised that the media didn't boast about him winning $295 million or even the true pre-tax portion of $73.75 million.
His financial advisor wanted him to put aside $2 million for a home, cars and pretty much anything else he wanted to do and let him invest the $25 million balance.
The adviser had told him he could get 85k EACH month for the rest of his life without touching the principal had he chosen to invest his money ( which believe it or not only amounted to a 4% annualized return). I think it's pretty safe to say that most of the folks here on LP would have taken that option.
Dont know about you all, but If I win....Im looking up Dave Edwards old financial advisor, shoot 87k a month is way more than I would need to live on LOL
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Quote: Originally posted by Teddi on Jun 24, 2014
That link doesn't seem to work but I'll take Todd's word for it. He always has the full scoop. But if all she really got was $14 million, then I'm wondering if maybe her brother and father might be helping her out, because I'm not seeing how she isn't yet broke. Maybe she leased those cars and didn't actually own them all?
And I'm with you on Lanre. I don't believe him, but I think he's actually smarter and shrewder than Cynthia, and he's an opportunist. His finances improved after he got involved with her, whereas hers got worse. I'm hoping that she wakes up and pulls her head from out her @$$ before she has nothing left. If it's not already too late.
The link didn't work when I clicked on it but it does work when you copy and paste.
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It seems TLC changed their lineup for tomorrows show. It was supposed to be The Lottery Changed My Life, 4 shows starting at 9:00 PST. It now shows Extreme Couponing.
