UGH!!!!
Investments!!!
Investments!!!
$27M Powerball winner from 2001 dies broke and alone
- Thread starter Hotlantan
- Start date
Fuzzy_McNut
Banned
Igloo coolers are on sale at Dick's Sporting Goods. Fill that up with a block of ice, and paint glaciers on the inside.
UGH!!!!
Investments!!!
He bought the most solid investment that is easily sold in the world besides pussy...drugs. If he bought $100,000 of really good meth, he could get his own Heisenberg scenario going.
I saw this dude featured on some show about lottery winners.
Yeah,believe he was importing statues from Italy to put around the pool...and came across like a real asshole.
"Easy come, easy go."
His seed look like she on that meth too. But stories like this never indict a race. Its all there, crack abuse, extravagant spending, but no comments that elude to "*igger shit"
exactly
How do you store a million dollars?
Damn I just peeped that.Dude is a fucking idiot.He had a financial planner, he just didn't listen to them.
Now I'm not sure if this person is a CFP or a CFA, but he didn't follow their advice so it's a moot point either way.
Number four: know you heard this before
Never get high, on your own supply
Multiple bank accounts, trusts for your next of kin...and those are just the legal ways.
see u cant just give a muhfucka who never had or earned that ammount of money that much money off the bat. they dont understand the value of it, they didnt earn it so its nothing to them. they see 27 million and think its gonna last forever. i always said if i wont the lotto i would look out for my brothers and sisters. but i wouldnt just give them no millions off the bat. they would get a monthly allowance. cuz if i gave them a lump sum all at once i would tell them once u blow through it that its your fucked and on your own. everyone isnt cut out to handle that amount of money. shit give me half a million and i guarantee u i would never see broke for the rest of my life. i would flip it one way or another.
85k a month for the rest of his life. dumb fuck. i dont feel an ounce of sorrow for him
85k a month for the rest of his life. dumb fuck. i dont feel an ounce of sorrow for him
4 banks 250k each or put some in stocks and bonds
Ain't 'uh??? Would've been taxin' like a mug.
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Niggas can say what they want but that type of shit could never happen to me winning that amount of money. I'm stingy as fuck as it is.
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Naw, his total payout after taxes was $27million. Before taxes, it was $41 million.
Dude should've got some help to turn his life around with all that money.
im takin it all up front. i aint risking the government flaking on me or going bankrupt or some shit like that
Spent half of his fortune in a year, but was still sitting on 12+ mill left. If he woulda chilled out there he woulda been good. Buying a jet tho? A fucking Jet?
If he was black we'd be calling this ****** shit, and blah, blah, blah. But like most of these things, it's about class. He was poor, uneducated, ex-con, drug addict. When u remove race out of the picture, it becomes so clear most of the shit we complain about with black people, is a result of being poor and uneducated and saddled with what the means.
everyone is not an idiot and all arent greedy..................... yeah I know still that volume of money dosent send everyone into a tail spin.
As I have kids and that cannot be left to your next, lump sum all day every day.
some of you either never faced anything or just know your own limitations , no one?really...............
Trust. Many has fallen to Lottery winnings wayside
http://newsfeed.time.com/2012/11/28...ic-stories-of-the-lotterys-unluckiest-winners
http://newsfeed.time.com/2012/11/28...ic-stories-of-the-lotterys-unluckiest-winners
And he'll be broke soon too.
after winning the lottery I would have set the family up with money first. Then Invested and save most of the money. Only spend money on vacations a couple of properties thats it. Fuck being broke.
Actually taking the lump sum is ALWAYS the right move (regardless of experience with money). You should do some research on a concept called time value of money and learn about interest and return rates.
No need to ask the average person because the average person is broke.
your lottery annuities do not cease at your death and can be willed to anyone you want them to go to.
and i didnt say anything was WRONG with getting a lump sum. i said most folks SHOULDNT.
you have YEARS to figure out how to handle your money right and MANY chances to get it right if youre getting it in smaller chunks.
you only have ONE chance either way if you get a lump sum.
those who can do it right should, those who cant? SHOULD NOT.
Actually taking the lump sum is ALWAYS the right move (regardless of experience with money). You should do some research on a concept called time value of money and learn about interest and return rates.
No need to ask the average person because the average person is broke.
you should do some research in reading comprehension.
100 percent hood nigga mindset
I feel him tho'. Skin me down w/all of mine.
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