I know bruh, I'm salty.. Lol over 700 million dollars.. Wow!One FUCKING winner. I'm hating, yall niggas talm bout congrats
I know bruh, I'm salty.. Lol over 700 million dollars.. Wow!One FUCKING winner. I'm hating, yall niggas talm bout congrats
Multiple winners I'd be straight. BUT ONE FUCKING WINNER..NAHHHI know bruh, I'm salty.. Lol over 700 million dollars.. Wow!
the issue I have with this "advice" is that unless youre born into it there is no preparation for financial literacy on that level. The lottery curse mainly happens to poor people. For Poor people, if they have any kind of financial literacy at all, is only scaled to their level.
You have someone who is familiar with budgeting for a working class level suddenly getting an infusion of millions or hundreds of millions of dollars.
NO ONE poor, working class or lower middle class is prepared to deal with that. Thats not to say one cant get there but theres no classes on how to be a sudden millionaire its the kind of thing you generally hit the ground running with. Which means learning hard lessons. That that tends to cost you a few million.
So her just saying financial literally in that smug tone doesn't help anyone.
I agree it's bs but look at it this way... it's still nearly half a billion of money you really didn’t earn. You can say WTF at the tax hit but FRFR you paid 2 bucks for a ticket and became an instant multimillionaire. You're hands are going to full enough trying to properly manage the half BILLION you got.What's more important is how the IRS/gubment is taking the lions share of lotto.
No matter if it's the amount of the prize and the millions playing who don't normally play, then also the winner will be raped again over the next few years while enjoying the money.
Get your point, but it's beyond messed up that the gubment take so much from winnings. And they say majority goes to school funding, where?
All BS.
the issue I have with this "advice" is that unless youre born into it there is no preparation for financial literacy on that level. The lottery curse mainly happens to poor people. For Poor people, if they have any kind of financial literacy at all, is only scaled to their level.
You have someone who is familiar with budgeting for a working class level suddenly getting an infusion of millions or hundreds of millions of dollars.
NO ONE poor, working class or lower middle class is prepared to deal with that. Thats not to say one cant get there but theres no classes on how to be a sudden millionaire its the kind of thing you generally hit the ground running with. Which means learning hard lessons. That that tends to cost you a few million.
So her just saying financial literally in that smug tone doesn't help anyone.
Stop that BS you can Google anything but at the end of the day you still have to deal with people who may not have you best interest at heart. Managing money on that level isn't just managing dollars and cents it's managing the PEOPLE who manage dollars and cents. I goddamn garentee you if you're a multimillionaire you are NOT doing you own taxes. You are not sitting there filling out tax forms with an accountants visor on, an adding machine and an abacus going thru byzantine tax codes. you are NOT sitting in a conference room with investment bankers kicking it like you been day trading on the NASDAQ.No excuse now cause we're in as I call it " the information age" . Folk can simply Google on their phones financial literacy or simply " what to do with my money if I hit the lottery . NO EXCUSES
My problem is while you're thinking of the ticket "you" bought, look at it that the gubment took in hundreds of millions every time there is a game.I agree it's bs but look at it this way... it's still nearly half a billion of money you really didn’t earn. You can say WTF at the tax hit but FRFR you paid 2 bucks for a ticket and became an instant multimillionaire. You're hands are going to full enough trying to properly manage the half BILLION you got.
One FUCKING winner. I'm hating, yall niggas talm bout congrats
I know bruh, I'm salty.. Lol over 700 million dollars.. Wow!
Multiple winners I'd be straight. BUT ONE FUCKING WINNER..NAHHH
Damn ONE winner!!??
from a 2 dollar investment....OH THE PAIN!!! ONLY 453 MILLION...GOD WHAT ARE WE GONNA DO!!??!Wow! Damn near a $900 million loss.
Your math ain't mathingWow! Damn near a $900 million loss.
You still don't get the whole amount if you don't use the cash option correct? What is the total amount if you didn't use the cash option?Although the amount tax taken out is criminal, we have to remember that taking the cash option reduces the amount significantly as well, so the Forbes' article headline makes the tax hit look bigger than it actually is.
Your math ain't mathing
That's only $549M loss.