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another story on lottery winners
02-28-2006, 07:34 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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another story on lottery winners
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Re: another story on lottery winners
02-28-2006, 09:31 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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Re: another story on lottery winners
That's why I never play ... don't want to known as "the lucky b@stard". Worked/planned too much to get to where we are.
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FIRE'd since 2005
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Re: another story on lottery winners
02-28-2006, 09:34 AM
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#3
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: another story on lottery winners
Maddy, you're telling everyone that all your winnings went to repay your credit-card debt that you amassed buying lottery tickets, right?
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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."
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Re: another story on lottery winners
02-28-2006, 09:48 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: another story on lottery winners
Quote:
Maddy, you're telling everyone that all your winnings went to repay your credit-card debt that you amassed buying lottery tickets, right?
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but I get cash back on my credit card
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- Hurry! to the cliffs of insanity!
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Re: another story on lottery winners
02-28-2006, 10:01 AM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: another story on lottery winners
Quote:
Originally Posted by The Beagle Formerly Known as Maddy
but I get cash back on my credit card
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Ah, that's our little secret. Just us and the other 2000 registered users. And how expensive could it be to buy everyone's silence?
__________________
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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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Re: another story on lottery winners
02-28-2006, 12:16 PM
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#6
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Recycles dryer sheets
Join Date: May 2005
Posts: 444
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Re: another story on lottery winners
I buy tickets with a group at work. When someone asks what I would buy I always tell them I'll call Vanguard for the index fund forms, and check the box that says send me the dividends.
And then I tell them I would probably get the carbeurator in the truck rebuilt. Its important to maintain the $800 truck.
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Re: another story on lottery winners
02-28-2006, 12:19 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: another story on lottery winners
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May we live in peace and harmony and be free from all human sufferings.
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03-01-2006, 02:32 PM
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#8
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Dryer sheet wannabe
Join Date: Sep 2005
Posts: 12
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Dot Com Lottery
Although not a lottery winner, I aquired sudden wealth in 1999.
I was working for a Dot Com company that IPO'ed in early 1999. As soon as I was able (6 months later) I sold all of my stock producing a lottery like bonanza. My 1999 tax bill was huge!
I had reservations at the time about selling the stock, thinking that it would probabily go much higher (WRONG!), but after I calculated what I would have if I sold it, I decided that "ENOUGH" was better than being greedy.
Many friends and relatives had some idea and I was exposed to similar "Sudden close friends" and (not very) veiled hints by relatives.
Fortulately, I invested the money conservatively and am now retired and live off the income.
HBH
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Re: another story on lottery winners
03-01-2006, 02:51 PM
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#9
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Dryer sheet wannabe
Join Date: Jan 2006
Posts: 22
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Re: another story on lottery winners
Under an investment plan, the Nebraska Powerball winners' $15.5 million, after accepting the lump sum and paying taxes, could produce a yearly income of about $500,000 a year.
(from the link).
That seems very low ball.
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Re: another story on lottery winners
03-01-2006, 08:15 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Re: another story on lottery winners
Quote:
Originally Posted by Wizard
Under an investment plan, the Nebraska Powerball winners' $15.5 million, after accepting the lump sum and paying taxes, could produce a yearly income of about $500,000 a year.
(from the link).
That seems very low ball.*
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How so?
Ha
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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Re: another story on lottery winners
03-02-2006, 12:25 AM
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#11
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Dryer sheet wannabe
Join Date: Jan 2006
Posts: 22
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Re: another story on lottery winners
Quote:
Originally Posted by HaHa
How so?
Ha
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Closed end income funds.
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Re: another story on lottery winners
03-05-2006, 09:47 AM
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#12
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 987
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Re: another story on lottery winners
I love lotteries!!
I consider them a form of voluntary taxation, in which I elect not to contribute. I figure, the more other people contribute to lotteries, the less tax I have to pay. Have never bought a lottery ticket, never will.
As a bleeding heart, however, I do have concerns when I see people throw a couple of lottery tickets in with the doritos, beer, and Huggies.....
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I have an inferiority complex, but it's not a very good one.
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Re: another story on lottery winners
03-05-2006, 12:06 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Sep 2005
Posts: 1,677
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Re: another story on lottery winners
I have to relay this story about lottery tickets. This morning we celebrated birthdays for my grandfather 92 and stepmom 71. What do you get a 92 yr old...scratch tickets... and her? Some little trinket and again, scratch tickets. We had the best time foran hour morning watching the two of them scratch tickets. Between them they won about $30.
Birthday Cake $10
Scratch Tickets $100
Watching stepmom and grampi have fun for an hour -- Priceless
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Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
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Re: another story on lottery winners
03-05-2006, 01:14 PM
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#14
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 163
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Re: another story on lottery winners
<<As a bleeding heart, however, I do have concerns when I see people throw a couple of lottery tickets in with the doritos, beer, and Huggies.....>>
Yeah, hate to see them buying lottery tickets when they could have purchased more beer and doritos.
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The way I see it, you got two choices. You either gotta get busy livin'...or get busy dyin'.
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