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Cynthia Stafford's Home In Foreclosure and Bentley For Sale

Topic closed. 142 replies. Last post 4 months ago by helpmewin.

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mjwinsmith's avatar - moon

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Posted: July 25, 2016, 11:09 am - IP Logged

Considering all the traveling celebrities must do for filming and product marketing, it would make almost no sense to buy a property they don't want. They want comfort, peace and security while there and will pay for accommodations that meet their requirements. Then they leave. I see no difference between that someone chartering a jet for $20k as opposed to either buying a $20 million jet or traveling commercial. Why deal with the headaches of commercial travel when you don't have to, but why blow millions on a jet you don't need or want permanently. 

As for Kanye, so far all I've seen is that he posted about being in debt. Until a celebrity actually files for bankruptcy protection, I'm not going to buy into them being broke. I remember Michael Jackson saying he was broke, yet when he died he left a multi-million dollar estate. Regular people broke and celebrity broke aren't necessarily the same thing.

As Chris Rock said, Bill Gates would probably kill himself if he woke up with Oprah Winfrey's money. Different degrees of wealth; different degrees of broke.

You nailed it...............

I Agree!

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    Drenick1's avatar - villiarna
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    Posted: July 25, 2016, 1:05 pm - IP Logged

    I think after winning a jackpot, than to lose it, I would not be a happy person.  I believe she lost her house, the cars and all of the toys, I would not be happy because I would be thinking about it everyday, I HAD IT ALL!

    What she went through would be extremely tough for anyone to absorb. I agree that she did have it all and what how it played out is just another cautionary example for future winners not to follow. She can put on a happy face and claim family is what is most important but deep inside I bet she's hurting and in complete disbelief.

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      Posted: July 25, 2016, 3:17 pm - IP Logged

      I'm hoping that the Geffen Foundation has at least offered her a paying job doing community outreach or something. It wd give her an income and the status she craves. 

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        homestead
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        Posted: August 9, 2016, 11:28 pm - IP Logged

        I'm hoping that the Geffen Foundation has at least offered her a paying job doing community outreach or something. It wd give her an income and the status she craves. 

        I am still surprised that she didn't take the annuity option. This way, Cynthia would still have money coming in.

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          Posted: August 10, 2016, 10:42 am - IP Logged

          I'm guessing but I think most people would take all the money at once, because they are not thinking that the money is going to be gone in 5 - 7 years.

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            Posted: August 10, 2016, 11:47 am - IP Logged

            Pathetically sad!  1/3 of the $67 million cash value is around $22.3 million.  No California lottery tax, but 2007 federal tax would have been around $7.8 million, leaving an after-tax balance of around $14.5 million.  Invest in something like VWEAX that provides monthly dividends, set aside an amount to pay estimated quarterly taxes, and budget the balance accordingly.  Just not all that complicated!

              larry3100's avatar - larry icon2.jpg
              Redwood City,California
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              Posted: August 10, 2016, 10:19 pm - IP Logged

              Cynthia Stafford thought she was a billionaire. She was giving away $millions and buying things she didn't need. How dumb.

                helpmewin's avatar - dandy
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                Posted: August 10, 2016, 10:31 pm - IP Logged

                Cynthia Stafford thought she was a billionaire. She was giving away $millions and buying things she didn't need. How dumb.

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