Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: Lottery Loosers
Old 08-17-2006, 12:36 PM   #21
Recycles dryer sheets
Join Date: Jan 2005
Posts: 362
Re: Lottery Loosers

There are some good stories out there of lottery winners. I was just discussing one of them today with the landscape designer who is working on our backyard.

About 10 yrs ago a fellow that lived 20 miles south of us won $109 million in the multi-state lottery. He wanted to continue his teaching job but for various reasons decided against it. (wanted to let someone who needed a job get hired) Many things have transpired in his life but two that stuck out from our conversation showed me how generous the guy is, besides being intelligent.

He hired the same landscape company that I just did and after the job was done gave them a huge bonus to be divided amongst the day laborers that worked on his place. He has also put to good use the large horse stable his ex-wife had built on their property. (she got $3mil in the divorce) He now opens the stable up to disabled kids for exercise and just to see the smiles on their faces.

kz is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Lottery Loosers
Old 08-17-2006, 01:13 PM   #22
Moderator Emeritus
laurence's Avatar
Join Date: Feb 2005
Location: San Diego
Posts: 5,174
Re: Lottery Loosers

I know a guy who won $7 million in the CA lotto, had about $2 mil after lump sum and taxes. Bought a bunch of cheap houses 15 years ago in North San Diego and rented them houses along highway 1, 4 blocks from the beach. Needless to say his NW has increased significantly over the last 15 years since those houses are all worth around 800k. My parents were lucky enough to buy (and move into) one of the houses he didn't buy along that street, that's how we know him.

laurence is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
I just bought VFINX today AirJordan FIRE and Money 113 12-19-2007 07:17 AM
Winning Life's Lottery... JohnP Health and Early Retirement 7 02-16-2007 09:32 AM
Why are lottery winnings taxed RedHawk FIRE and Money 26 01-20-2007 06:04 AM
Wins $41 million and plans to keep working wabmester FIRE and Money 32 01-13-2007 01:47 PM
lottery dory36 Other topics 3 01-23-2004 05:55 PM


All times are GMT -6. The time now is 03:58 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.