$590 million lottery winner still has LBYM habits

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omni550

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"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."


Lottery-winning great-grandmother lives simply

omni
 
Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.

Tyro
 
omni550 said:
"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."
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Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.

I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
 
Tyro said:
Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.

Tyro
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I think that she is doing what makes her happy. I can connect with that. If I won a huge lottery, I wouldn't change anything either.
 
The article did say that she is building a luxury home. I hope she makes it accessible and hires staff who can provide for her every need as she ages. She certainly deserves it!
 
Calico said:
Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.

I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
Click to expand...

She could always just buy the crab shack and have her dinner there every night on command.

Spending down the lump sum in her lifetime would take a lot of work!
 
I think she should have included her kids/grandkids etc. on the winning ticket.... when she passes, the gvmt will get a good chunk of what remains... some tax planning early could have saved a lot of money....
 
I assume if someone is spending for lottery tickets (not very LBYM to my mind) they have a reason. Building a new home seems like a decent way to spend it. But not spending it would be a little strange after buying tickets.
 
It's only been two weeks and she is completely unused to having such moolah. Planning for a big lottery win is more than could be expected, because it is so unlikely. Give her time.....
 
The federal government could not be happier when the big winner is 84 years old, considering the big cut in the form of income tax and estate tax.

She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
 
bondi688 said:
She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
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I did see this article about the woman and her child who politely let the lady (who won the lottery) go in front of them in line. No regrets for woman who let lotto winner cut in line

I've not heard anything about the winner sharing her winnings with them.

(If these are easy pick tickets -- isn't it more a function of time (rather than location) when the actual numbers are printed on a ticket? So, a split second sooner or later might have resulted in the wnning numbers being printed out on a ticket in Miami or Orlando, for example.)

omni
 
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