I think exactly the same thing ... generally after I stumble out of an SC drunk and broke. :frown:
Ghetto Fabulous! These Lotto Winners are losers
- Thread starter SchlongConery
- Start date
You originally said that 10 million wasn't enough, which was the subject of debate. You may be right though with respect to one million if one's health is at issue and they live long notwithstanding. However, if someone needs assisted-living, then 1 million will cover them for 20 years (enough until you die). If their health deteriorites, chronic or long-term care will be cheaper ($2,200 per month for single room) because you won't need a bigger or fancier place, and the cost is partly subsidized by the government.
You have to be a left-wing social worker to say that lottery tickets are a regressive tax. I see it as cheap entertainment.
Smart people also gamble and do so for it's entertainment value, but if they won that kind of money, they wouldn't blow it all away.
It's not that they're not generous enough, it's that they're not stupid enough to blow it all on even friends.
The problem with winning the lottery is that every person on your Facebook, will automatically become your best friend and expect a free hand-out.
"A lot of friends came out of the woodwork when news broke of her win — and a lot of them she never heard from again." - Quote from the article.
"A lot of friends came out of the woodwork when news broke of her win — and a lot of them she never heard from again." - Quote from the article.
hehe, i know what you mean. I don't consider everyone on my Facebook as real "friends". But what I'm saying is that most of them will come out and act like they've been your best friend forever!
Just to reiterate talkingdead's point, $10 million, assuming a 0% rate of return on any investments, is still equivalent to a net income of $200,000.00 a year for 50 years. If you cannot retire on that and maintain your family in a very comfortable (comfortable not being the same as hip-hop video lavish) lifestyle you should remove yourself from the gene pool.
So she blew $10M.
I'm sure she had a very good ride (ten years, after all), and she's already mentioned that her life has more meaning now. This may be annoying for all those of you would have spent the money more "wisely", but in the end she got a pretty fantastic and wild time for spending a few bucks. She will value the important things from here on in for sure.
There's nothing guaranteed in this life, so it's not necessarily true that if she invested she would have a more interesting life. In fact, you could argue her kids will learn a real lesson from this, so maybe it will all work out.
Blowing money is fun. Some people need to do it. It makes sense from where they sit, if not the rest of us. So what.
I'm sure she had a very good ride (ten years, after all), and she's already mentioned that her life has more meaning now. This may be annoying for all those of you would have spent the money more "wisely", but in the end she got a pretty fantastic and wild time for spending a few bucks. She will value the important things from here on in for sure.
There's nothing guaranteed in this life, so it's not necessarily true that if she invested she would have a more interesting life. In fact, you could argue her kids will learn a real lesson from this, so maybe it will all work out.
Blowing money is fun. Some people need to do it. It makes sense from where they sit, if not the rest of us. So what.
if you do not trust yourself (or anyone else) to invest then buy an annuity
a million dollar annuity should give you a middle class income and up depending on your age and will prevent you from blowing it all
that is what this idiot should have done
put a couple million into a handsome annuity then blow the rest
The fact that the purchasers of lottery tickets are disproportionately po' folk, and the fact that the percentage of their shitty incomes that they spend on tickets is, of course, disproportionate compared to... you know what? Never mind. I can't hide it anymore. Wow! How did you know? It's like you're looking in the window at my cubicle at the socialist gubblement enclave as you type.
No. Of course not. It's not like nice, smart, well educated and obscenely wealthy people gambled with the entire banking system and nearly made the whole house of cards collapse, right? By the way, 2008 called and would like to have a chat with you.
Winning a lottery does not require any amount of intelligence...
I know a guy who's brother won $1 million about 25 years ago when Wintario was the game. That was a lot of coin back then. The guy had always been a drag racing fan. He gave his brother (my friend) and his sister $10K each, paid off some bills and bought a new truck with the rest. He needed the truck to pull the trailer that held his new $800,000 DRAGSTER!
All good, until he blew the engine on the second race and to this day, the dragster still sits in his side yard (since he can't afford the $400K to replace the engine, neither of his siblings speak to him because they feel that they should have received more (I've told my friend he's an asshole for that), his house still has a mortgage and his wife left him shortly after the dragster blew up...
It would funny as f*ck if it wasn't true...
I know a guy who's brother won $1 million about 25 years ago when Wintario was the game. That was a lot of coin back then. The guy had always been a drag racing fan. He gave his brother (my friend) and his sister $10K each, paid off some bills and bought a new truck with the rest. He needed the truck to pull the trailer that held his new $800,000 DRAGSTER!
All good, until he blew the engine on the second race and to this day, the dragster still sits in his side yard (since he can't afford the $400K to replace the engine, neither of his siblings speak to him because they feel that they should have received more (I've told my friend he's an asshole for that), his house still has a mortgage and his wife left him shortly after the dragster blew up...
It would funny as f*ck if it wasn't true...
Of course he's broke. He spent the entire windfall on a toy before even clearing his debts (something that I think even the dumbest of people would do after winning).
I lived around the corner from them and they almost burnt the place down once. One day noticed a foreclosure notice on the door and they were gone. This was back when she still had money. Didn't like to pay their bills. They also owed property taxes to the city.
If I won that kind of money I sure as hell wouldn't be passing it out the way she did.
If I won that kind of money I sure as hell wouldn't be passing it out the way she did.
Damn straight. After reading the way she spent, I'm surprised it lasted as long as it did.
You guys have to realize that by them spending the money and going broke, it actually benefits us common folks. Along with those pro athletes who are also broke, this is the only "trickle-down" economics that works.
I would rather read news about this stuff than about the rich or corporations trying to lower their taxes.
I would rather read news about this stuff than about the rich or corporations trying to lower their taxes.
