Winning Lottery not always a good thing

Winning Lottery not always a good thing

This is a discussion on Winning Lottery not always a good thing within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Fla. sheriff fears missing lottery winner killed - Yahoo! News...

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Thread: Winning Lottery not always a good thing

  1. #1
    Distinguished Member Array ArmyCop's Avatar
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    Winning Lottery not always a good thing

    For God, Family and Country!


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    VIP Member Array dukalmighty's Avatar
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    I would say that trusting people that show up and want t5o help you after winning the lottery is people to run from.Guy was pretty much uneducated,and after buying a few things wanted to help poor people,but those people will bleed you dry out of the goodness of your heart
    "Outside of the killings, Washington has one of the lowest crime rates in the country,"
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  3. #3
    Distinguished Member Array ArmyCop's Avatar
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    If I ever won a large sum of money - I wouldn't tell ANYONE. If / when I choose to help someone - it'd be anonymous.
    For God, Family and Country!

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    Member Array Mike78's Avatar
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    Quote Originally Posted by ArmyCop View Post
    If I ever won a large sum of money - I wouldn't tell ANYONE. If / when I choose to help someone - it'd be anonymous.
    My thoughts exactly. You also would't be seeing my name or picture in the paper either. I would go through a lawyer to claim the prize.
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    True but: Having embalming fluid in your system is gotta be worse

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    Senior Member Array Rob P.'s Avatar
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    Quote Originally Posted by Mike78 View Post
    My thoughts exactly. You also would't be seeing my name or picture in the paper either. I would go through a lawyer to claim the prize.
    This is good advice. Another bit of good advice is to place the ENTIRE winnings into an investment vehicle that prevents you from getting access to the $ for a specified period of time (not to be less than 1 year. Longer is better or so they say.)

    Lotto winners who did not do this tend to be broke within a year or 2 of collecting their winnings. The ones who invested the $ still have some of it (if not the bulk of it) left after more than 2 years.

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    VIP Member Array dukalmighty's Avatar
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    I would get financial help from a professional before I ever collected the winnings
    "Outside of the killings, Washington has one of the lowest crime rates in the country,"
    --Mayor Marion Barry, Washington , DC .

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    Senior Member Array Hot Wing's Avatar
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    Quote Originally Posted by dukalmighty View Post
    I would get financial help from a professional before I ever collected the winnings
    I agree keep a very low profile

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    Senior Member Array Curt58's Avatar
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    Set up a trust and have your payments dolled out to you in a logical manner. Pay off oyur house or buy a modest house and get completely out of debt. And stay that way.
    Do not take the money and run. If you do, you run to fast, fancy and out to soon.

    Definitly do not let anyone you don't have to notify you won.

    Get a GOOD security system and do not keep large amounts of cash on hand.

    When I play I take the 25 annual payment option. So at least I'll have an income for 25 years.

    Good Deeds should be done through a discreet scholarship program.

    Oh, and lasty, go back to school and take financial college courses before you start investing in anything.

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    Quote Originally Posted by Mike78 View Post
    My thoughts exactly. You also would't be seeing my name or picture in the paper either. I would go through a lawyer to claim the prize.
    You won't have a choice. If you win, you must consent to some publicity...read the requirements for winners...Google it.
    The last Blood Moon Tetrad for this millennium starts in April 2014 and ends in September 2015...according to NASA.

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    VIP Member Array hogdaddy's Avatar
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    I'd Move to Alaska ;-)
    A Native Floridian = RARE


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    Hire a lawyer and go through him to collect winnings.
    It is surely true that you can lead a horse to water but you can't make them drink. Nor can you make them grateful for your efforts.

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    Member Array LethalStang's Avatar
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    Trust funs, bonds, stock are some things i'd invest in, could easily make that lotto winning grow substantially with good financial advice. Set aside $100k for just "play" money, the rest goes away in hiding.
    Quote Originally Posted by rottkeeper View Post
    If you are living your life worried about being a victim all the time and not enjoying life to the fullest, you are already a victim...
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    VIP Member Array packinnova's Avatar
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    Quote Originally Posted by Rob P. View Post
    This is good advice. Another bit of good advice is to place the ENTIRE winnings into an investment vehicle that prevents you from getting access to the $ for a specified period of time (not to be less than 1 year. Longer is better or so they say.)

    Lotto winners who did not do this tend to be broke within a year or 2 of collecting their winnings. The ones who invested the $ still have some of it (if not the bulk of it) left after more than 2 years.
    I agree with the posters above, but I don't think this 1 year stuff would work. The type of person that's going to burn the money right away, would just as soon burn it as soon as the one year was up and they had access to it.
    "My God David, We're a Civilized society."

    "Sure, As long as the machines are workin' and you can call 911. But you take those things away, you throw people in the dark, and you scare the crap out of them; no more rules...You'll see how primitive they can get."
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  14. #14
    VIP Member Array Eagleks's Avatar
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    One man who won one of the lotteries, died that night of a heart attack.

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    VIP Member Array goldshellback's Avatar
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    Quote Originally Posted by retsupt99 View Post
    You won't have a choice. If you win, you must consent to some publicity...read the requirements for winners...Google it.
    For 30 million they can take ALL the pic's they want.........because I'll be disappearing SHORTLY thereafter.



    .........then I'd get that 1911 I've REALLY wanted
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