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$14M lotto winner, applies to be garbageman
06-07-2010, 10:40 AM
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#1
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Recycles dryer sheets
Join Date: Mar 2010
Location: New England
Posts: 197
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$14M lotto winner, applies to be garbageman
Guy wins £9.7M (About $14M), spends it all in 7 years and is now on welfare hoping to get his old job back: garbage man.
Bin of the chavs: Lotto lout Michael Carroll set to return to old job after blowing £9.7m win | Mail Online
In case you're wondering it was the lavish gifts to friends, gambling, hookers and coke that did him in. Must have been one heck of a run. I wonder if he'll find those 7 years will have been worth the coming several decades of alarm clocks, early mornings, filth and inevitable back pain? 
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06-07-2010, 10:50 AM
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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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I'm not much of an annuity-pusher, but this is the sort of situation for which the lifetime income stream of an SPIA might make sense.
__________________
"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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06-07-2010, 11:08 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Think he would have spent the SPIA money much differently?
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06-07-2010, 01:01 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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 Quote:
Originally Posted by ziggy29
I'm not much of an annuity-pusher, but this is the sort of situation for which the lifetime income stream of an SPIA might make sense.
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Yup, we finally found the one guy who could use an annuity. 
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06-07-2010, 01:03 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Moscow
Posts: 1,572
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Quote:
Originally Posted by glippy
In case you're wondering it was the lavish gifts to friends, gambling, hookers and coke that did him in.
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And the rest he just wasted.
__________________
You can't enlighten the unconscious.
But you can hit'em upside the head a few times to make sure they are really out...
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06-07-2010, 01:51 PM
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#6
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Recycles dryer sheets
Join Date: May 2010
Posts: 254
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Quote:
Originally Posted by ziggy29
I'm not much of an annuity-pusher, but this is the sort of situation for which the lifetime income stream of an SPIA might make sense.
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Of course. Then moderation would have been forced on him and he would have had 20 years of coke, booze, gambling, and hookers. The 7 years of fun was probably better for his liver.
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06-07-2010, 02:00 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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How about an annuitiy that pays out in hookers and coke?
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06-07-2010, 02:07 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by Bimmerbill
How about an annuitiy that pays out in hookers and coke?
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Isn't that commonly referred to as a rap music recording contract?
__________________
Numbers is hard
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06-07-2010, 02:53 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Animorph
Think he would have spent the SPIA money much differently?
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The point isn't so much whether he'd spend it differently as it is the fact that he'd never run out of money completely because he'd have a lifetime income stream. So at some point if he hit bottom and regained sanity, he'd still have a strong income stream and not have to go back to w*rk.
__________________
"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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06-07-2010, 03:00 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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He only he stuck to a 4% SWR. I like women but not as much as he did. God made Adam and Eve not Adam and four women.
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06-07-2010, 03:00 PM
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#11
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 585
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What an idiot...it's hard to believe that people can be that stupid.
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06-07-2010, 03:27 PM
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#12
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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The beefiest guy at the gym isn't even 4 percent as hunky as the average garbageman. YMMV. 
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06-07-2010, 04:59 PM
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#13
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Recycles dryer sheets
Join Date: May 2010
Posts: 254
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Quote:
Originally Posted by Bimmerbill
How about an annuitiy that pays out in hookers and coke?
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How much? Are you offering a new product? Cuz I might be interested or know someone who is...
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06-07-2010, 05:01 PM
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#14
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Recycles dryer sheets
Join Date: May 2010
Posts: 254
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Quote:
Originally Posted by rec7
He only he stuck to a 4% SWR. I like women but not as much as he did. God made Adam and Eve not Adam and four women.
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Of course. Everyone knows it was Adam, Eve, and Lilith!
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06-07-2010, 06:15 PM
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#15
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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What he spent his money on is one thing, but how much he was paying for hookers and crack was just outrageous. If he had shopped around a little he could have gotten much a better deal. Of course most hookers usually charge a premium because of the cocaine effect. I guess just as youth is wasted on the young, good dope and chicks are wasted on garbage men.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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06-07-2010, 06:39 PM
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#16
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by glippy
In case you're wondering it was the lavish gifts to friends, gambling, hookers and coke that did him in.
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Not necessarily in that order...
Quote:
Originally Posted by Leonidas
If he had shopped around a little he could have gotten much a better deal. Of course most hookers usually charge a premium because of the cocaine effect. I guess just as youth is wasted on the young, good dope and chicks are wasted on garbage men.
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I wonder if there's a FatWallet thread that would have helped him do a better job of consumer research in these areas?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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06-07-2010, 06:49 PM
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#17
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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Quote:
Originally Posted by Nords
I wonder if there's a FatWallet thread that would have helped him do a better job of consumer research in these areas?
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Not sure about the dope, but hooker review sites abound on the internets.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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06-07-2010, 08:36 PM
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#18
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gone traveling
Join Date: May 2008
Posts: 3,864
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So, we're going to have a coke-addled loser with no morals or sense of financial responsibilty on the government payroll. He should fit right in. 
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06-07-2010, 08:47 PM
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#19
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gone traveling
Join Date: May 2008
Posts: 3,864
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Too bad he wasn't as lucky as this guy:
"The day after winning $120 million in the lottery he meets the woman of his dreams"
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06-07-2010, 09:28 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by Animorph
Think he would have spent the SPIA money much differently?
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Yeah, perhaps a hooker a month for life instead of 2000 hookers before going broke
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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