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Which JP winner best manages the money

Those who play regularly

[ 9 ]

[ 100.0% ]

Those who occasionally buy a ticket

[ 0 ]

[ 0.0% ]

Total valid votes

[ 9 ]

Discarded votes

[ 10 ]

Candlelight777

Indiana
United States
Member #150,266
December 18, 2013
503 Posts
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Feb 1, 2016, 8:27 am

I think those who play regularly best manage the money because they are consistently thinking about what they would do and wouldn't do with the money if they won. Those who play occasionally don't think much about winning because they are not dedicated players. When they do buy a ticket out of the blue and win --only then do they think about it and by that time all they are thinking about is spending it like no tomorrow. A dedicated player has time on their side to think things through before winning...the occasional player experiences instant gratification without much forethought before actually winning a JP.

"Without wood a fire goes out; without gossip, conflict calms down.

Like adding charcoal to embers or wood to fire, quarrelsome people kindle strife."

Proverbs 26: 20-21
savagegoose

adelaide sa
Australia
Member #37,135
April 11, 2006
3,341 Posts
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Feb 1, 2016, 8:56 am

I put discard vote. i think its up to the individual.

" Still swinging, still missing "
2014 = -1016; 2015= -1409; 2016 = -1171; 2017 = -1257 ; 2018 = - 1380 = TOT = - 6233

keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223 TOT = -3968

:
Candlelight777

Indiana
United States
Member #150,266
December 18, 2013
503 Posts
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Feb 1, 2016, 8:59 am

I agree and i am not saying that there isn't those who play occasionally and win and handle the money well....i just think more times then not they are probably the ones who are most likely to mishandle their winnings.

"Without wood a fire goes out; without gossip, conflict calms down.

Like adding charcoal to embers or wood to fire, quarrelsome people kindle strife."

Proverbs 26: 20-21
zephbe

South Carolina
United States
Member #77,165
July 15, 2009
946 Posts
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Feb 1, 2016, 11:08 am

I think the ones who realize and appreciate what they have won and take steps to get a lawyer , financial advisor, and an accountant to help them do better. The ones who let emotions control them usually end up broke.

Every champion was once a contender who refused to give up.-Rocky Balboa

“Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar
levijean

United States
Member #172,482
January 26, 2016
43 Posts
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Feb 1, 2016, 11:16 am

I doubt there is any correlation there.
BuyLow

Florida
United States
Member #61,433
May 22, 2008
1,243 Posts
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Feb 1, 2016, 7:17 pm

A favorite find of mine about lottery winners:
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,788 Posts
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Feb 2, 2016, 12:00 am

Which JP winner best manages the money.

The one that doesn't 'flash the cash".

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

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.
music*

Fresno, California
United States
Member #157,849
August 2, 2014
3,959 Posts
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Feb 2, 2016, 2:58 am

Financial advisors. I just found on YouTube this, YouTube Financial Advisors Hidden camera investigation(CBC marketplace) CBC news

I think that if you can get a referral from a lawyer, an accountant or someone you can trust then you could find a responsible financial adviser.

Every lottery winner needs to be wise.

"We are all in this together!"
TheMeatman2005

Brooklyn, NY
United States
Member #169,716
October 29, 2015
1,699 Posts
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Feb 2, 2016, 3:55 am

Quote: Originally posted by Candlelight777 on Feb 1, 2016
I think those who play regularly best manage the money because they are consistently thinking about what they would do and wouldn't do with the money if they won. Those who play occasionally don't think much about winning because they are not dedicated players. When they do buy a ticket out of the blue and win --only then do they think about it and by that time all they are thinking about is spending it like no tomorrow. A dedicated player has time on their side to think things through before winning...the occasional player experiences instant gratification without much forethought before actually winning a JP.

Exactamundo

The Meatman 🥩🍗🍔🍖🍤🌭

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning happens in a flash, Like A Bolt Of Lightning!
Candlelight777

Indiana
United States
Member #150,266
December 18, 2013
503 Posts
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Feb 2, 2016, 8:41 am

Think about how much you have learned just being on a lottery forum..occasional players are not interested in lottery forums because they don't invest much in playing the lottery to begin with...they see a sign at checkout boasting about the record jp and they say meh i will buy ticket. .i doubt those who play occasionally think about things in the same way the more informed dedicated lottery players do...they just see themselves as rich with an endless supply of money when they win.

Those who are dedicated players are more aware of seeking these types of things because they pay attention to all things regarding the lottery and winner stories. We are more aware of the pitfalls past winners have suffered because of our dedicated interest in the lottery. If it wasn't for this forum there are a lot of things i would have never thought of or considered had i won. Reading the lottery news has been a tremendous help as well as food for thought topics discussed here. There's a lot of information to consider that occasional players never get exposed to. I believe those players are more then likely to be the ones who mismanage their winnings.

"Without wood a fire goes out; without gossip, conflict calms down.

Like adding charcoal to embers or wood to fire, quarrelsome people kindle strife."

Proverbs 26: 20-21
Candlelight777

Indiana
United States
Member #150,266
December 18, 2013
503 Posts
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Feb 2, 2016, 9:07 am

Seriously, think about what i am saying and imagine the person who rarely buys a ticket and suddenly wins so they sign their ticket...they don't even know the options of possibly claiming it as a trust in order to protect their identity. They haven't even heard the horror stories that comes with winning the lottery so they make bad choices and put themselves out there in the press inviting trouble they were never even aware of that other lottery players have experienced...had they known they would have probably made different choices. They start gifting money without consulting a lawyer and financial expert who can best advise them of taxation pitfalls in doing so...the list just goes on and on.

Many of these things would most likely not be a issue for those on this forum because we have been exposed to news feeds and topics of discussions that have educated us on such matters. The occasional player doesn't even know of these things because they don't pay attention to the lottery...they just buy an occasional ticket when the jp gets high and have put no forethought into anything should they win. I wonder how many never get a lawyer or even consult a financial advisor because they don't see a need for one now that they are rich....and who are the ones that read about their horror stories years down the road...US....it's not the next occasional player who will make the same mistakes

"Without wood a fire goes out; without gossip, conflict calms down.

Like adding charcoal to embers or wood to fire, quarrelsome people kindle strife."

Proverbs 26: 20-21
TheMeatman2005

Brooklyn, NY
United States
Member #169,716
October 29, 2015
1,699 Posts
Offline

Feb 2, 2016, 11:39 am

Very good points Candlelight777

I have been a "regular player" for many years. I have had a few, but not enough, wins over the years.

The closest I had come to winning a jackpot (Dec 30, 2014) was on a Mega Millions $5 QP. I matched the mega # on line 1, one of the 5 on line 2 and 4 of 5 on line 4 for a win of $501. I had all 6 winning numbers on the same ticket...just not on the same line!

Like most of the "regular players", I have a plan. What to do, what not to do, who to give as well as how much. Now, all I need is for 6 numbers to match the ones on my ticket!

The Meatman 🥩🍗🍔🍖🍤🌭

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning happens in a flash, Like A Bolt Of Lightning!
SoleWinner21

NYC
United States
Member #161,108
November 17, 2014
138 Posts
Offline

Feb 2, 2016, 12:09 pm

Quote: Originally posted by TheMeatman2005 on Feb 2, 2016
Very good points Candlelight777

I have been a "regular player" for many years. I have had a few, but not enough, wins over the years.

The closest I had come to winning a jackpot (Dec 30, 2014) was on a Mega Millions $5 QP. I matched the mega # on line 1, one of the 5 on line 2 and 4 of 5 on line 4 for a win of $501. I had all 6 winning numbers on the same ticket...just not on the same line!

Like most of the "regular players", I have a plan. What to do, what not to do, who to give as well as how much. Now, all I need is for 6 numbers to match the ones on my ticket!

I think NY has the most mega millions winners. I counted over 30 winners from NY since MM started in 2002. Keep playing. I had some close calls myself since I started playing around 4-5 years ago.
Bluegal1

Queens NY
United States
Member #141,850
April 25, 2013
363 Posts
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Feb 2, 2016, 1:12 pm

I think the player who plays regularly, flies under the radar(if you can if you're in a state that you don't have identify yourself)and if you don't play the stock market heavy with your winnings. Even if you have to have several regular bank accounts, do that. My son has a trust fund in an ICO(since he was 8, and he's now 23) of $1.4M and the investments are all safe like bonds and T-bills, keep it safe and you keep your winnings longer. And don't tell a bunch of people