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When you win the lottery, are you prepared to erase..

Topic closed. 36 replies. Last post 2 months ago by scentcrazy.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
Bay Area - California
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Posted: September 29, 2016, 1:18 pm - IP Logged

The debt of family & friends:  Perhaps paying off the student loans of your close friends. Paying off their mortgage- where do you draw the line? 

Have a great rest of the week & a pleasant upcoming weekend. Above all else: Stay Healthy

People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

    zephbe's avatar - animal butterfly.jpg
    South Carolina
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    Posted: September 29, 2016, 3:22 pm - IP Logged

    The debt of family & friends:   no

    Perhaps paying off the student loans of your close friends. no- my child-yes

    Paying off their mortgage- no sibling has a mortgage

    where do you draw the line?  at $14,000 for those I choose to gift some of my winnings

     

    Good luck and enjoy your weekend

    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

      Teddi's avatar - Lottery-008.jpg

      United States
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      May 13, 2013
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      Posted: September 29, 2016, 4:26 pm - IP Logged

      The debt of family & friends:  Perhaps paying off the student loans of your close friends. Paying off their mortgage- where do you draw the line? 

      Have a great rest of the week & a pleasant upcoming weekend. Above all else: Stay Healthy

      Well, it will depend on how big my payout is, but if I had more than enough to go around, I'd do student loans and medical bills, because if nothing else, at least I can write those off.

      I've considered setting up a fund for family medical expenses, so if they have med bills not covered by insurance, they go to the fund and not to me. It's the only way I can think of to help without being directly harassed. Hope those who have their medical bills paid off and their children set up with college funds would be less likely to get ticked off if I so no to their business ventures or to buying them a new house/car.

      If any of my parents' siblings still have mortgages I'd pay those off. They've earned their right to be debt free and own their homes outright. Their kids, aka my cousins, no. They can keep working.

      I might wake up early and go running.  I might also wake up and win the lottery.

      The odds are about the same.

        LiveInGreenBay's avatar - driver
        Green Bay
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        October 15, 2015
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        Posted: September 29, 2016, 5:48 pm - IP Logged

        It depends on how much I won.  I'm a generous man and funds permitting, I'd help my family and close friends.  After all, that would potentially be a drop in the bucket.

        Never give up.  Banana

          SilverLion's avatar - 8ball

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          Posted: September 29, 2016, 6:07 pm - IP Logged

          The debt of family & friends:  Perhaps paying off the student loans of your close friends. Paying off their mortgage- where do you draw the line? 

          Have a great rest of the week & a pleasant upcoming weekend. Above all else: Stay Healthy

          Why do I have to be prepared for others?

          Its my win.  I am only currently prepared to erase my own foibles and failings.

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            Posted: September 29, 2016, 9:29 pm - IP Logged

            The debt of family & friends:   no

            Perhaps paying off the student loans of your close friends. no- my child-yes

            Paying off their mortgage- no sibling has a mortgage

            where do you draw the line?  at $14,000 for those I choose to gift some of my winnings

             

            Good luck and enjoy your weekend

            That's smart!  Anything over $14,000 is subject to rape and pillage by the IRS.

              weshar75's avatar - Lottery-042.jpg
              Mcminnville, Oregon
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              Posted: September 29, 2016, 9:48 pm - IP Logged

              I have close family and friends a few friends that would get the $14,000 gift.  But my mother hit a gold mine if I win powerball because she is my only parent that is alive.  So I would spare no expense to keep her happy since I am single.-weshar75

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                noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                Bay Area - California
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                Posted: September 29, 2016, 9:58 pm - IP Logged

                The debt of family & friends:   no

                Perhaps paying off the student loans of your close friends. no- my child-yes

                Paying off their mortgage- no sibling has a mortgage

                where do you draw the line?  at $14,000 for those I choose to gift some of my winnings

                 

                Good luck and enjoy your weekend

                There is a lot of " No's" to your response Z. Appreciate your honesty nonetheless.Big Smile

                People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                  noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                  Bay Area - California
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                  Posted: September 29, 2016, 10:04 pm - IP Logged

                  Well, it will depend on how big my payout is, but if I had more than enough to go around, I'd do student loans and medical bills, because if nothing else, at least I can write those off.

                  I've considered setting up a fund for family medical expenses, so if they have med bills not covered by insurance, they go to the fund and not to me. It's the only way I can think of to help without being directly harassed. Hope those who have their medical bills paid off and their children set up with college funds would be less likely to get ticked off if I so no to their business ventures or to buying them a new house/car.

                  If any of my parents' siblings still have mortgages I'd pay those off. They've earned their right to be debt free and own their homes outright. Their kids, aka my cousins, no. They can keep working.

                  Looks like you covered all the bases D.  Splendid response, a little bit of something for some, a lot of nothing for others Smile

                  People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                    Bay Area - California
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                    Posted: September 29, 2016, 10:13 pm - IP Logged

                    It depends on how much I won.  I'm a generous man and funds permitting, I'd help my family and close friends.  After all, that would potentially be a drop in the bucket.

                    Yeah, especially if you the single winner of a $350 Mil jackpot.. right?

                    Image result for smiling faces

                    People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                      Bay Area - California
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                      Posted: September 29, 2016, 10:20 pm - IP Logged

                      I have close family and friends a few friends that would get the $14,000 gift.  But my mother hit a gold mine if I win powerball because she is my only parent that is alive.  So I would spare no expense to keep her happy since I am single.-weshar75

                      US Flag

                      Image result for you good for itl have have no words W.

                      People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                        Teddi's avatar - Lottery-008.jpg

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                        Posted: September 30, 2016, 3:39 pm - IP Logged

                        Looks like you covered all the bases D.  Splendid response, a little bit of something for some, a lot of nothing for others Smile

                        I refuse to go bankrupt for anyone. Especially "family" and "friends". After the recession, I found out who loved me for me, and who had apparently only "loved" me because I was in a position to help them. 

                        If I'd won a jp 8 years ago, I'd probably be an emotional wreck and bankrupt right about now. Family guilt trips, jealousy, resentment...I'd have given just to get some peace because they are excellent at guilting. And the people I gave to would be the first to call me a moron for losing it all.

                        Today I know better. No one is going to die because they have to keep working another 30 years. They planned to, so they can keep with their plans. I'm not going to be a financial fairy godmother.

                          zephbe's avatar - animal butterfly.jpg
                          South Carolina
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                          Posted: September 30, 2016, 6:41 pm - IP Logged

                          There is a lot of " No's" to your response Z. Appreciate your honesty nonetheless.Big Smile

                          My siblings and I are retired and blessed not to have mortgages or much debt.

                          Younger people may have different responses.

                          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

                            zephbe's avatar - animal butterfly.jpg
                            South Carolina
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                            Posted: September 30, 2016, 6:47 pm - IP Logged

                            I refuse to go bankrupt for anyone. Especially "family" and "friends". After the recession, I found out who loved me for me, and who had apparently only "loved" me because I was in a position to help them. 

                            If I'd won a jp 8 years ago, I'd probably be an emotional wreck and bankrupt right about now. Family guilt trips, jealousy, resentment...I'd have given just to get some peace because they are excellent at guilting. And the people I gave to would be the first to call me a moron for losing it all.

                            Today I know better. No one is going to die because they have to keep working another 30 years. They planned to, so they can keep with their plans. I'm not going to be a financial fairy godmother.

                            "Today I know better. No one is going to die because they have to keep working another 30 years. They planned to, so they can keep with their plans. I'm not going to be a financial fairy godmother."

                             

                            I Agree!

                            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

                              music*'s avatar - nw bookeep.jpg
                              Happy California
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                              Posted: September 30, 2016, 9:13 pm - IP Logged

                              "Today I know better. No one is going to die because they have to keep working another 30 years. They planned to, so they can keep with their plans. I'm not going to be a financial fairy godmother."

                               

                              I Agree!

                              I Agree! They can play the lottery just like we do. If God intended a person should have riches then who are we to interfere with The Almighty and do his work. You cannot make everyone's dreams come true.

                               The word NO is underused today. It is a powerful word. 

                               She who has the gold rules. All others must play her game by her rules.

                              Dance

                               I've been rich and I've been poor. Believe me, rich is better. 

                               Attributed to Joe E. Lewis and others