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underpants

(196,526 posts)

16. Mo money, mo problems

Reply to Demovictory9 (Original post)

Sun Jun 13, 2021, 09:24 AM

Jun 2021

Sad but it happens all the time.

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how fast could you spend a million? Lottery winner was broke within 2 years. now dead [View all] Demovictory9 Jun 2021 OP

This isn't the 1950s (or before), $1M after taxes is not that life-changing Hugh_Lebowski Jun 2021 #1

It would be life-changing for most Shermann Jun 2021 #8

For many it would be life-changing Marrah_Goodman Jun 2021 #9

If you invested it at the risk-free 10-year rate ... dawg Jun 2021 #18

I said not 'THAT' life-changing. But I think we have different definitions of 'life-changing' Hugh_Lebowski Jun 2021 #44

It would be hugely life changing for me Polybius Jun 2021 #17

It would be life-changing for 80% of us Dave says Jun 2021 #41

I didn't say not at all, I said not THAT life-changing Hugh_Lebowski Jun 2021 #43

The truly sad thing about most lottery winners PoindexterOglethorpe Jun 2021 #2

A guy in my neighborhood won $40+ million. Within a half dozen years, he, his wife, and . . . Journeyman Jun 2021 #3

Chasing dopamine, seratonin, oxitocin, endorphins and mahina Jun 2021 #4

This is amazing... so much to think about here renate Jun 2021 #30

I thought so too. I'm not the author in case that's unclear. mahina Jun 2021 #31

You did make it clear! renate Jun 2021 #32

My joy, aloha renate. mahina Jun 2021 #33

That's wonderful. Mahalo, Mahina. Hekate Jun 2021 #48

My joy. mahina Jun 2021 #49

This seems to be not that unusual among some lottery winners. The thing is the money they won is JI7 Jun 2021 #5

Fraudulently collecting pubic assistance after winning? Hortensis Jun 2021 #6

If he has invested the $1 million... LiberatedUSA Jun 2021 #7

Taking a partial amount per year is an option in some lotteries. alphafemale Jun 2021 #10

I would do the lump sum. LiberatedUSA Jun 2021 #12

I would distribute $100,000 to family members Demovictory9 Jun 2021 #20

Some crazy families would demand more. alphafemale Jun 2021 #22

Most people who play and therefore win the Lottery have no idea how to deal with money. alphafemale Jun 2021 #21

Jack Whittaker of WV had already come from humble beginnings to become Tanuki Jun 2021 #23

He was targeted by thieves many times and looks like he ended JI7 Jun 2021 #46

Uh, no - investments nare paying about 2-3% csziggy Jun 2021 #37

Saving accounts don't keep up with inflation these days iemanja Jun 2021 #39

I see lotteries as a tax on people who are bad at math and have no clue about statistics alphafemale Jun 2021 #11

Some of those scratch off tickets are now 30 bucks a pop kcr Jun 2021 #42

I can't imagine. alphafemale Jun 2021 #45

Money never buys happiness.. it provides options. ProudMNDemocrat Jun 2021 #13

A certain personality trait jumps out kacekwl Jun 2021 #14

That is so weird. Spend $500 on fireworks, not the whole wad Demovictory9 Jun 2021 #19

If folks are bad at managing money, winning the lotttery HipChick Jun 2021 #15

Mo money, mo problems underpants Jun 2021 #16

The article says he won the money in 2010, went to prison twice after that FakeNoose Jun 2021 #24

I wonder if winning a lottery often goes badly not because of the sudden influx of money itself... Silent3 Jun 2021 #25

With a million bucks BGBD Jun 2021 #26

A coworker won the lottery about 10 yr ago NickB79 Jun 2021 #27

I guess some of his lottery winnings are in the value of the property Demovictory9 Jun 2021 #29

Depending on how much I win I_UndergroundPanther Jun 2021 #28

They all break break rules 1&2 RANDYWILDMAN Jun 2021 #34

It's surprising common for lottery winners to go broke. Mosby Jun 2021 #35

Stupid is really ..."Stupid"...The safest investment in the world pays 2.2% interest a year.. Stuart G Jun 2021 #36

that's sad iemanja Jun 2021 #38

He was on foodstamps 2 years after winning for the same reasons he was on foodstamps before Klaralven Jun 2021 #40

If your bad with money before winning the lottery you will be after winning it. GulfCoast66 Jun 2021 #47

Definitely a different personality than me. Buckeye_Democrat Jun 2021 #50

Just to clarify: he did NOT "spend a million" brooklynite Jun 2021 #51

he won 2 million and received 980,000 Demovictory9 Jun 2021 #52