Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Winning the lottery becomes a nightmare
Old 09-14-2007, 02:48 PM   #1
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Winning the lottery becomes a nightmare

Winner reflects on nightmare lottery - CNN.com
__________________

__________________
JustCurious 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 Early-Retirement.org 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!

Old 09-14-2007, 02:53 PM   #2
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
I read that and my first thought was, wow, this was a guy who should have been able to handle it, because he was already a millionaire. Just goes to show...
Reason 5 billion why I have never bought a lottery ticket. It is a really sad story. And all too often exactly what happens to these lottery winners.
__________________

__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 09-14-2007, 02:56 PM   #3
Full time employment: Posting here.
citrine's Avatar
 
Join Date: Mar 2007
Posts: 944
Yikes! What a story.....money just isn't everything even though our society thinks that having it will make our lives better. Only we can do that for ourselves.
I hope he gets to help a lot of people....this story made me sad.
__________________
citrine is offline   Reply With Quote
Old 09-14-2007, 03:23 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,445
Well, I would like to have the opportunity to see if I could handle that kind of money. I wonder how Warren Buffett handles his situation? He drives his own car, lives in the same house he has owned for 30 years and lives pretty much a normal life.

One thing for sure, I'll never know how hard it is to lead a normal life with 90+ million in the bank.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 09-14-2007, 03:27 PM   #5
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
The difference with Warren Buffett is he earned it, whereas the money dropped in this guy's lap like manna from heaven. And Warren Buffett knows how to handle and invest money.
__________________
JustCurious is offline   Reply With Quote
Old 09-14-2007, 03:34 PM   #6
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,158
If I ever won this much money, I would move to a foreign country and never, ever tell anyone.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 09-14-2007, 03:48 PM   #7
Recycles dryer sheets
barbarus's Avatar
 
Join Date: Aug 2007
Posts: 433
His business was already worth 17 MILLION and an additional aprox. 100mil made such a great difference?

The statistical odds against both occurrences are enormous!

It's easy to see a normal person thrust into difficulty by a big lottery win, but he was rich, by any standard, already. Obviously the fame made him a target of strangers, but his family life should have already been geared to wealth.

Fishy. Has a bull left a deposit behind?
__________________
barbarus is offline   Reply With Quote
Old 09-14-2007, 03:52 PM   #8
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Quote:
Originally Posted by barbarus View Post
His business was already worth 17 MILLION and an additional aprox. 100mil made such a great difference?
Apparantly it did.

Just because his business was worth 17 million, doesn't mean HE was worth that much, or that he had that much.
__________________
JustCurious is offline   Reply With Quote
Old 09-14-2007, 03:55 PM   #9
Recycles dryer sheets
Eyerishgold's Avatar
 
Join Date: Aug 2007
Posts: 222
I'd like to think I could handle coming into that much money and nothing would change in my life. I'm sure the reality would be much different. I wonder how many of my friends or family members would come to me for money and never speak to me again if I didn't give it to them. Or, if I'd resent them asking and not speak to them.
__________________
Eyerishgold is offline   Reply With Quote
Old 09-14-2007, 04:02 PM   #10
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 204
Sometimes the press just like to report negative stories. The guy is probably having a good time everyday. Granted he had so much tragedies I guess it pays to play.

I heard of someone who won the lottery and moved back to his home country. 2 days later, kidnapped and killed.
__________________
steve88 is offline   Reply With Quote
Old 09-14-2007, 05:09 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,627
I wonder if Warren Buffett spends more than 60 nights a year in his own bed. Probably not.
__________________
LOL! is offline   Reply With Quote
Old 09-14-2007, 05:19 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,322
Why would anyone leave a briefcase with 245K in cash and three 100k cashiers check in his car parked at a strip club's parking lot
__________________
Corporateburnout is offline   Reply With Quote
Old 09-14-2007, 05:26 PM   #13
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 844
I could handle it.

Sounds like this guy/family was messed up before he won the lottery...and the money made it worse.
__________________
farmerEd is offline   Reply With Quote
Old 09-14-2007, 05:33 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,904
Quote:
Originally Posted by Corporateburnout View Post
Why would anyone leave a briefcase with 245K in cash and three 100k cashiers check in his car parked at a strip club's parking lot
Yea, take the money inside. You get a lot more attention from the girls.
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 09-14-2007, 06:00 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Poor guy. That $300mm ruined his life.

It certainly wasn't the drinking, philandering, etc...

What kinda fool carries $250k in a briefcase and leaves it in his car outside of a strip club?

Kinda makes you wonder how he made the money he made before he won the lottery.
__________________
chinaco is offline   Reply With Quote
Old 09-14-2007, 06:30 PM   #16
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
In all, Whittaker says, he's been involved in 460 legal actions since winning

Man, I could see how that would get old fast. Given that this guy says he doesn't have any friends left and his family is fallen apart, it seems like it's time to change names and move somewhere else.
__________________
free4now is offline   Reply With Quote
Old 09-14-2007, 06:34 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Quote:
Originally Posted by free4now View Post
In all, Whittaker says, he's been involved in 460 legal actions since winning

Man, I could see how that would get old fast. Given that this guy says he doesn't have any friends left and his family is fallen apart, it seems like it's time to change names and move somewhere else.
Perhaps, but how many of the 460 were due to his numbskullery? There are many other lotto winners. I have read that some have had problems with people wanting to borrow money and such. But this guy's antics seem a little, well, dumb!
__________________
chinaco is offline   Reply With Quote
Old 09-14-2007, 06:52 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,019
I really don't see how his daughter's cancer can be blamed on winning the lottery. And there are a lot of clues here that he was not the most sensible guy to start with.
__________________
Meadbh is offline   Reply With Quote
Old 09-14-2007, 07:05 PM   #19
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 204
AHhhh how money change people! Funny I helped my younger sister be successful in her career. Now that she is successful no more communication. Head swell up.
__________________
steve88 is offline   Reply With Quote
Old 09-14-2007, 07:06 PM   #20
Dryer sheet wannabe
jay-pee's Avatar
 
Join Date: Jun 2007
Posts: 13
I'm from WV and until recently JW (the lottery winner)was in the news constantly, and still is occasionally. I think it is safe to assume that most of his woes are self inflicted.
__________________

__________________
jay-pee is offline   Reply With Quote
Reply


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
Award winning white wine for LBYM'ers two4theroad Other topics 2 07-25-2007 12:55 PM
med ins application nightmare stargazer08 Health and Early Retirement 25 06-03-2007 12:34 AM
Winning Life's Lottery... JohnP Health and Early Retirement 7 02-16-2007 10:32 AM
Nightmare Donzo Other topics 16 11-22-2006 03:20 PM
I'd still be willing to risk winning farmerEd Other topics 0 02-28-2006 10:02 AM

 

 
All times are GMT -6. The time now is 05:46 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.