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23 year old lottery winner..............
06-06-2009, 12:38 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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23 year old lottery winner..............
Good article on a young man who comes from a family that could use a break. Sounds like a guy who won't end up blowing it all.
SD lottery winner 'will not squander' $232M prize - Yahoo! News
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Retired 3/31/2007@52
Investing style: Full time wuss.
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06-06-2009, 12:43 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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From the article:
 Quote: ...and is about to get thousands of marriage proposals a year, including dozens from women who wouldn't give him the time of day in high school...
Quote:
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Dave Assman, who owns farmland next to the Wanless ranch...
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Wow, that's an incredibly unfortunate name. If he's married, I hope his wife kept her maiden name. I don't think I'd want to be known as Mrs. Assman...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-06-2009, 03:25 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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He's lucky, his parents could have named him Dick Assman
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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06-06-2009, 03:29 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by kumquat
He's lucky, his parents could have named him Dick Assman |
If his real given name was Richard, then he did that part of it to himself.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-06-2009, 04:24 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Hmmmmm...23, single, nice looking farm boy, suddenly rich.
Way too young for me  but Mr. Neal Wanless is gonna get real popular very soon.
Maybe we should invite him to join the forum ? 
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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06-06-2009, 04:29 PM
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#6
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by freebird5825
Hmmmmm...23, single, nice looking farm boy, suddenly rich.
Way too young for me but Mr. Neal Wanless is gonna get real popular very soon.
Maybe we should invite him to join the forum ? |
He needs someone older and experienced and willing to sign a prenup.
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"Knowin' no one nowhere's gonna miss us when we're gone..."
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06-06-2009, 04:41 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by Khan
He needs someone older and experienced and willing to sign a prenup.
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But how would I explain him to dh2b? 
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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06-06-2009, 05:07 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Tell him you spend a reckless youth in Ontario and....... .then
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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06-06-2009, 05:38 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by kumquat
Tell him you spend a reckless youth in Ontario and....... .then |
The math w*rks...I'm 50, the young man is 23...<cipher click whirl>...
The geography w*rks...I'm close to the Canadian border...
You're a genius...I like it!
My long lost millionaire son.
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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06-06-2009, 06:57 PM
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#10
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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Quote:
Originally Posted by ziggy29
Wow, that's an incredibly unfortunate name. If he's married, I hope his wife kept her maiden name. I don't think I'd want to be known as Mrs. Assman...
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Even then it wouldn't be pleasant - she'd still be known as the Assman's wife.
If he gets married he should take her name and be done with it...
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Money's just something you need in case you don't die tomorrow.
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06-07-2009, 01:39 AM
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#11
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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I agree with Dawg, the young man probably won't blow it all but would be interesting to see a follow-up in five or ten years.
I knew a middle-aged man who won a big lottery and broke one of the rules mentioned in the article; they tell the winner to wait a year or two before buying real estate. They guy immediately had a large place built, missed his old neighbors, although he gave the house to relatives so visited by-weekly, didn't like the new house and neighborhood and then had another house built where he lived out his life.
The article also mentions that winners get isolated socially, I didn't notice that happening to my friend; since he was able to retire early, he spent time reconnecting with family and friends including myself and never mentioned winning the lottery. I didn't know until several years later when someone told me. Also, he didn't have a problem with people asking for money. Obviously YMMV.
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Edit: I'm not a gambler so I don't get blowing $15.00 on lottery tickets when you are eking out a living.
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06-07-2009, 04:25 AM
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#12
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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I was struck by this phrase:
Quote:
But she said Wanless will likely experience the same sense of isolation that many other large jackpot winners do.
"They've lost their peers. They are substantially different from everyone that they know," she said."
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I imagine that would be quite true for your average person.
I have a friend who won the lottery 2 years ago. He was in late career in finance and was already a millionaire several times over. As were almost all of his friends. Everyone thought it was a novelty that one of their friends won the lottery, but it didn't change any relationships.
He did retire a year after he won, which was maybe 3-4 years earlier than he would have done otherwise. Other than that when I asked what had changed in his life he said "Now when they hand me the wine list I start at the bottom and work my way up".
(he was being modest, he's also a pretty active philanthopist these days)
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Money's just something you need in case you don't die tomorrow.
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06-07-2009, 06:56 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by Maurice
I was struck by this phrase:
Quote:
But she said Wanless will likely experience the same sense of isolation that many other large jackpot winners do.
"They've lost their peers. They are substantially different from everyone that they know," she said."
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I imagine that would be quite true for your average person. |
I think so, too. Come to think of it, he might even have to leave his impoverished county, change his name, and establish residency in a big city somewhere if he wants to get away from this isolation. Even then, there is always the possibility that he would be found out.
It's easy to say and think that our problems would all be solved if we won the lottery. But in reality, that would not be the case for many of us. Getting a bonus at work would be much easier to deal with than a lottery win. Nobody asks you to give them money or buy them a car due to your having received a bonus.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-07-2009, 07:13 AM
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#14
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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My friend who won (~45MM) was very much concerned about his name being publicized. Of course the lottery people want to publicize your name, its good advertising.
He hired a lawyer to help him figure out what his options were. His first question to the attorney was 'can I sell the winning ticket'? He hoped to sell it to some investors at a slight loss and let them claim the prize - and the resultant publicity.
Alas, in his state it was not legal.
So, knowing he had to publicly claim the prize, he hired a PR person and gave him the mission to minimize news exposure. He said the PR guy gave him great advice - including advising him to read from a piece of paper at the (obligatory) news conference. He said no TV station will roll a tape of someone reading from a script. They were right.
By and large he has avoided the normal assault from the public that you always hear about. He changed his phone numbers just in case.
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Money's just something you need in case you don't die tomorrow.
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