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10.2.7
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10.2.6
Lottery corruption.
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Post by
327953
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Post by
leonheart87
if you won the lottery, how will you prevent this? what will you do? most of these individuals had good intentions, but it lead the to their undoing.
I would change nothing.
I'm happy with my life as it is.
I would probably redecorate and buy a few new games, but nothing extravagant.
Post by
192184
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Post by
Squishalot
Missourian Janite Lee won $18 million in 1993. Lee was generous to a variety of causes, giving to politics, education and the community. But according to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left in two bank accounts and no cash on hand.
if you won the lottery, how will you prevent this? what will you do? most of these individuals had good intentions, but it lead the to their undoing.
Good intentions, sure, whatever. If you're the type of person who's likely to lead to bankruptcy, it doesn't matter whether you've got 2 dollars or 2 million - you'll always be heading in that direction.
For the rest, you can't choose your family.
Post by
229791
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Post by
MyTie
If I won the lottery, I wouldn't change anything. I would still go to work, invest in retirement, eat the same food, wear the same clothes, drive the same truck, go to the same church, play EQ2, and everything else I do in a day.
The one thing that would change would be I would afford more college classes. That's pretty much it.
Post by
165617
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Post by
MyTie
Actually, people that win the lottery have a huge suicide rate.
The reason:
People that win the lottery tend to buy new homes from the lower middle class ones that they owned (most people that play are in this bracket socioeconomically) and they then move in to very upper class housing. The problem becomes this: they lose their old connections and they fail to find new ones. People that they left feel left out, jealous, or angry at their moving. The upper class does not think that they earned the money through any work what so ever (which is ironic since many of the richie riches inherit their money, so they too did nothing to earn it) and they tend to give people the cold shoulder.
Therefore, feeling alone and hated, many people kill themselves.
Really, really sad in my book.
Post by
165617
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Post by
MyTie
If it isn't made up, it's a very good point. What is the %?
Post by
320827
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Post by
1499653
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Post by
bogdica
this happened recently in my country...
Post by
ciddy1
I hear a lot of stories about people who just go crazy with the money, and it's gone before they know it. I think some people forget that all their expensive new toys require maintenance/upkeep, insurance, and so on. For example, it's probably not smart to buy a house that costs 3/4 of what you won.
I have a small list of "here are the first things I'd do" if I won the lottery (and this is assuming we're talking $100M+ in something like the Powerball, where I'd still be insanely rich even after taxes).
1. I would take care of all my close friends/family members. Anyone with debt (medical expenses, credit cards, or whatever else), car payments, house payments, kids to send to college, or so on would get taken care of. This would only apply to people I actually consider friends/family members, not "distant cousins" and "old friends from grade school" who started coming out of the woodwork once they found out I won the lottery. I would keep as quiet as possible to everyone else about the fact that I won the lottery. You don't get to be anonymous here, but I wouldn't go around bragging about it. The only people who would benefit from this are people I trust 100%.
2. Pay off all my own debts (I'm not drowning in it or anything, but I have credit cards and such). I'd get my car all fixed up and painted, and I'd take care of couple of medical procedures that I've been holding off because of money. All of this combined is nothing too major. Probably talking maybe $10-15k worth of stuff, which would be a drop in the ocean to a lottery winner.
3. Quit my current job and get something that's low stress/easy, just for a small bit of income on top. Even if it's just some low paying job where I work one evening a week, that'll help offset things like keeping gas in my car, so I won't be using my winnings for everything. Either that, or just start my own business, but I'd have to be careful with that. A business can be a huge money pit if you do it wrong.
4. Build the most badass gaming rig that money can buy.
5. Once 1-4 are done, I'd get some advice from a financial advisor and lawyer. The lawyer would help me with things like a proper will and dealing with people who try to throw BS lawsuits at me for money. The financial advisor would make sure I put the money in the right banks/account types and otherwise keep me from doing anything stupid with my winnings.
I like to think I'd keep driving the same car and living in the same house I currently have. No need to go crazy. I'd be perfectly happy to keep living the same way I live now, but without ever having to worry about financial stress or have "nah, better not get that one, can't afford it" moments again. If I go to some fancy/expensive restaurant and want the $80 Lobster Tail + Filet Mignon meal, I will be able to go for it guilt free.
If we're still talking about an insane amount of money left by the time I do all of the above, I'd donate a portion to various charities.
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