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Posted: 6/13/2021 10:43:17 AM EDT
[#1]
Not at all uncommon.
I've long said that if I ever win (I don't play) that my goal is to end up dead in a gutter with a long string of hookers and blow in my wake. 
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Posted: 6/13/2021 11:07:31 AM EDT
[#2]
Not unusual.
I imagine most lottery tickets are sold to people unaccustomed to building and maintaining wealth. When a person like that wins the jackpot, it's hard for them to change their habit of spending everything they have. Many have run through much bigger wins than that in a few years. |
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Posted: 6/13/2021 11:11:22 AM EDT
[#3]
The most notable part of this article for me is that there is a river called "Tittabawassee".
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Posted: 6/13/2021 11:13:00 AM EDT
[#4]
" spent on investments, as well as .... swords, slot machines, and a "significant amount of fireworks". I like the cut of that mans jib ! 
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Posted: 6/13/2021 11:13:19 AM EDT
[#5]
My grandfather always said that it has no value unless you have earned it.
As a kid, I did not know what he meant. |
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Posted: 6/13/2021 11:13:26 AM EDT
[#6]
No surprise. A lot people that won the lottery had gone thru the same thing. The curse of the lottery lives on.
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Posted: 6/13/2021 11:14:23 AM EDT
[#7]
If you can't make your first million on your own, then you're not going to be able to handle it if it just falls in your lap.
This goes for any sum of money really. |
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Posted: 6/13/2021 11:15:34 AM EDT
[#8]
Tittabawassee
I love saying that out loud
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Posted: 6/13/2021 11:21:16 AM EDT
[#9]
Poor people are typically bad with money. Even if given to them.
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Posted: 6/13/2021 11:22:51 AM EDT
[#10]
Quote HistoryQuoted: The most notable part of this article for me is that there is a river called "Tittabawassee". Yep, I spent a lot of time fishing on that river and Sanford Lake when I was a kid. Last year after some heavy rains there were failures of the dams at Edenville and Sanford, now both Wixom and Sanford lakes are basically gone, along with a portion of Sanford. |
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Posted: 6/13/2021 11:26:36 AM EDT
[#11]
I know of two Oregon lottery winners who are broke and they actually sold their annuity for fast cash. One because of meth and now he is back to welding.
The last of his lottery payment he got on a single payment he spent on a huge fence for his property and that is it. Another is in the same boat, blasted it on fast cars and fast ponies and is back to square one. |
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Posted: 6/13/2021 11:29:09 AM EDT
[#12]
A million or two just isn't what it used to be. Depending on age and a few other factors it may not even be enough to instantly retire on. If you're really smart, and make smart choices then maybe but lord knows I could blow through it pretty damn quick if I wanted to.
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Posted: 6/13/2021 11:30:48 AM EDT
[#13]
Dude blew it on a "significant amount of fireworks".
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Posted: 6/13/2021 11:31:01 AM EDT
[#14]
Quote HistoryQuoted: My grandfather always said that it has no value unless you have earned it. As a kid, I did not know what he meant. Wise words... |
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Posted: 6/13/2021 11:31:32 AM EDT
[#15]
They all go broke try to help people. Rappers, athletes, lottery winners.
I would completely disappear. Find a small lot of land with low taxes and live a .nice quite life. Fucking waste of money. |
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Posted: 6/13/2021 11:35:50 AM EDT
[#16]
A camaro, sword, slot machines and fireworks
 Okay maybe I missed the point of the story. |
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Posted: 6/13/2021 11:36:36 AM EDT
[#17]
Poor people are poor for a reason.
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Posted: 6/13/2021 11:37:27 AM EDT
[#18]
The show "Curse of the Lottery" was eye opening. A lot of people are incredibly dumb with money.
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Posted: 6/13/2021 11:39:40 AM EDT
[#19]
How do you go broke when you have $200,000 in annuities?
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Posted: 6/13/2021 11:40:16 AM EDT
[#20]
Chris Shaw seems to have disappeared -
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.marshallnews.com/story/1628909.html&ved=2ahUKEwjY29ir-JTxAhULHc0KHa9UDO0QFjAAegQIAxAC&usg=AOvVaw2npWyVrvWK8ZLPUXIKw5jb Someone that lives near Marshall Missouri probably has recent information about how he's doing. Looks like he has a place on the water in Lake Ozark. . |
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Posted: 6/13/2021 11:41:06 AM EDT
[#21]
Quote HistoryQuoted: A camaro, sword, slot machines and fireworks Okay maybe I missed the point of the story. He wasted the rest.
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Posted: 6/13/2021 11:41:23 AM EDT
[#22]
Oh well yolo, can’t take it with you, etc.
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Posted: 6/13/2021 11:42:12 AM EDT
[#23]
Quote HistoryQuoted: I've long said that if I ever win (I don't play) that my goal is to end up dead in a gutter with a long string of hookers and blow in my wake. My post-lotto win life will make Charlie Sheen look like the Pope's..................  |
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Posted: 6/13/2021 11:42:39 AM EDT
[#24]
Quote HistoryQuoted: He wasted the rest. Quote HistoryQuoted: Quoted: A camaro, sword, slot machines and fireworks Okay maybe I missed the point of the story. He wasted the rest.  |
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Posted: 6/13/2021 11:43:35 AM EDT
[#25]
Quote HistoryQuoted: My post-lotto win life will make Charlie Sheen look like the Pope's.................. That's maybe pay off the mortgage, invest the rest and go back to work money. |
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Posted: 6/13/2021 11:44:07 AM EDT
[#26]
Quoted: ClickOnDetroit.com notes that Fick, who ended up on TLC's Lottery Changed My Life program, dumped about $200,000 into the construction of a new home, as well as $200,000 into annuities. More money was spent on investments, as well as such items as a new Chevy Camaro, swords, slot machines, and a "significant amount of fireworks," per MLive.com. Just two years after he'd won, Fick was broke. So he netted $1mm, and put 200k each into a house and annuities, and some unspecified amount into “investments.” That doesn’t sound too idiotic. Sounds like he started out trying to manage and use most of it wisely, and then fell off the wagon. |
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Posted: 6/13/2021 11:44:17 AM EDT
[#27]
Quote HistoryQuoted: How do you go broke when you have $200,000 in annuities? 200,000/1,000,000 = 5 |
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Posted: 6/13/2021 11:44:53 AM EDT
[#28]
What was his arf screen name?
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Posted: 6/13/2021 11:47:25 AM EDT
[#29]
I wouldn't want to win a lottery, too many people showing up with their hands out.
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Posted: 6/13/2021 11:48:13 AM EDT
[#30]
I would be fine if I won.
Just fine. |
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Posted: 6/13/2021 11:48:47 AM EDT
[#31]
Quote HistoryQuoted: Poor people are typically bad with money. Even if given to them. Well, yeah, they are buying lottery tickets. |
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Posted: 6/13/2021 11:49:19 AM EDT
[#32]
Quote HistoryQuoted: How do you go broke when you have $200,000 in annuities? He bought an annuity with $200k. He doesn’t get $200k a year. Interest rates on those are like 3% these days. So he got like $6k a year from that. |
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Posted: 6/13/2021 11:49:52 AM EDT
[#33]
People think a million bucks makes you a big shot but it doesn't. It's got a financial impact roughly equivalent to working a lower middle class job.
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Posted: 6/13/2021 11:49:53 AM EDT
[#34]
Quote HistoryQuoted: I wouldn't want to win a lottery, too many people showing up with their hands out. This is why I would be OK. I don’t have a lot of friends or family, and I would want to help them out anyway. You can’t take it with you after all. |
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Posted: 6/13/2021 11:50:03 AM EDT
[#35]
Quote HistoryQuoted: I wouldn't want to win a lottery, too many people showing up with their hands out. Not a single other soul would know. |
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Posted: 6/13/2021 11:50:23 AM EDT
[#36]
Quote HistoryQuoted: Dude blew it on a "significant amount of fireworks". He literally watched his winnings go up in smoke. |
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Posted: 6/13/2021 11:50:28 AM EDT
[#37]
Quote HistoryQuoted: People think a millions bucks makes you a big shot but it doesn't. It's got a financial impact roughly equivalent to working a lower middle class job. It would be life changing for me. |
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Posted: 6/13/2021 11:51:33 AM EDT
[#38]
Quote HistoryQuoted: I wouldn't want to win a lottery, too many people showing up with their hands out. Review and follow the advice here if you do |
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Posted: 6/13/2021 11:52:52 AM EDT
[#39]
Quote HistoryQuoted: I wouldn't want to win a lottery, too many people showing up with their hands out. Nobody knows unless you go out of your way to tell them. Vast majority of people aren't scanning the web for mere million dollar prize winners. Can you name any of the last 5 people to win a million bucks in your state? I know I can't. |
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Posted: 6/13/2021 11:53:03 AM EDT
[#40]
Quote HistoryQuoted: People think a million bucks makes you a big shot but it doesn't. It's got a financial impact roughly equivalent to working a lower middle class job. |
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Posted: 6/13/2021 11:53:17 AM EDT
[#41]
 500 million Powerball Interview answers buying hookers and cocaine |
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Posted: 6/13/2021 11:53:23 AM EDT
[#42]
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Posted: 6/13/2021 11:53:38 AM EDT
[#43]
One million after taxes isn't shit.
I would need 5 million after tax to quit my job. With one million, I would just buy up some cheap rentals with half of it (down payments, not buy them outright). The other half would go in whatever is the safest vehicle to beat inflation. My 5 year goal would be able to get enough return to quit my job and live a little bit better than I do now. |
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Posted: 6/13/2021 11:54:05 AM EDT
[#44]
Quote HistoryQuoted: The ONLY people that would know about it are my wife and myself. Not a single other soul would know. Exactly. Remaining anonymous is how you have to do it, this guy clearly had problems with people once he tried to help them out. |
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Posted: 6/13/2021 11:54:28 AM EDT
[#45]
Wouldn't be difficult to go through $1 million. Could enable one to pick up and move or to try things out prior to settling somewhere.
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Posted: 6/13/2021 11:54:29 AM EDT
[#46]
Quote HistoryQuoted: How do you go broke when you have $200,000 in annuities? Bottle rockets, bro. Bottle rockets. |
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Posted: 6/13/2021 11:55:03 AM EDT
[#47]
Quote HistoryQuoted: Yep, I spent a lot of time fishing on that river and Sanford Lake when I was a kid. Last year after some heavy rains there were failures of the dams at Edenville and Sanford, now both Wixom and Sanford lakes are basically gone, along with a portion of Sanford. Quote HistoryQuoted: Quoted: The most notable part of this article for me is that there is a river called "Tittabawassee". Yep, I spent a lot of time fishing on that river and Sanford Lake when I was a kid. Last year after some heavy rains there were failures of the dams at Edenville and Sanford, now both Wixom and Sanford lakes are basically gone, along with a portion of Sanford. It's an old Indian name I believe. I grew up in that area. Did a lot of canoeing and fishing on it. Not great, not terrible. |
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Posted: 6/13/2021 11:56:55 AM EDT
[#48]
Quote HistoryQuoted: They all go broke try to help people. Rappers, athletes, lottery winners. I would completely disappear. Find a small lot of land with low taxes and live a .nice quite life. Fucking waste of money. Yup look at MC Hammer. Tried to help people he grew up with and broke him. Look at Allen Iverson only thing about him is because of a deal with Rebook he still makes almost $1mil a year from them and has a $32mil trust that he can't touch until he's in his 50's |
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Posted: 6/13/2021 11:57:09 AM EDT
[#49]
Darwin, Darwin wins again.
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Posted: 6/13/2021 11:57:33 AM EDT
[#50]
Quote HistoryQuoted: I wouldn't want to win a lottery, too many people showing up with their hands out. |
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