So you think winning the lotto would solve all your problems...
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That sucks..
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I read once that something like 40% of lottery winners file for bankruptcy within ten years.
Guess they can't just handle the money.Comment
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She lived in a geodesic home and made corrugated cardboard boxes for a living.
Who was she married to...Dr. Seuss?Comment
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Ive never had much money and been close to declaring bankruptcy once, but man would it be fun to see how well (or badly) I could do with 60 million dollars or whatever it was they won .Originally posted by Paul MarkhamI read once that something like 40% of lottery winners file for bankruptcy within ten years.
Guess they can't just handle the money.Comment
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Not that they can not handle the money, that they dont think ahead. they get this really great income, they buy a big house. An expensive car, they travel, and then tax season hits. At first no problem, but they spend more and more, and tax season keeps comming.
Hmmm sounds like some others that I know.
And then one day, that source of income is gone.PornGuy skype me pornguy_epic
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LOL I would. I figure when it comes out she wil have died of a drug overdose just like the guy who died in her house that time. Junkies make me sick. lol Theres never enuff dope for em.. Even with all that money in the bankOriginally posted by Babagirlslesson be learned: spend spend spend!!!!!! (when ya win big on the lottery) before you die.Comment
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Ouch.
When winning the lottery, buy the things you like, but INVEST like a madman. Keep the money coming in so that when tax season hits, you'll be able to pay it and just roll along.Comment
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Investing... That's a hard concept for many Americans.Originally posted by TalaOuch.
When winning the lottery, buy the things you like, but INVEST like a madman. Keep the money coming in so that when tax season hits, you'll be able to pay it and just roll along.
Consumerism kills.Comment
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In other words, they don't know how to handle that much money.Originally posted by pornguyNot that they can not handle the money, that they dont think ahead. they get this really great income, they buy a big house. An expensive car, they travel, and then tax season hits. At first no problem, but they spend more and more, and tax season keeps comming.
Hmmm sounds like some others that I know.
And then one day, that source of income is gone.
Most people don't, actually. They have no clue. They long to win it, but when they do they turn into "rich idiots".
A guy here in Winnipeg won over $8 million on the 6/49 back in the late 90's. He bought all his so-called friends brand-new 4x4's, had himself a big new house built, spent money like a feind.
Last year he was found dead, death by suicide.
He died broke.
solution: have a decent accountant/investment advisor. I have one, now I just need to win that lotto. :DPromote Wildmatch, ImLive, Sexier.com, and more!!

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How to handle the money that you didn't deserve?
I feel great when I spend MY money. It can be a little sum, but it feels great to know that you deserved what you have.
Money is nothing. Success is everything.Comment
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I second thatOriginally posted by HollyMore money, more problems.Comment
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loosers cant handle the cash, give them to me and ill try and double themDeposit Today With BTC - Play With BitcoinsComment
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I hear that story all the time about people just blowing their roll and winding up worse off than before the winnings..too bad but I guess I would do the same thingComment
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Sounds like they were trailer park trash before winning the lottery and since morals and honor can't be purchased - they remained trailer park trash.
And fyi - lump sum'ers only have 1 big tax season to deal with - the one following the winning. After that, their only tax responsibility is the interest from any investments/dividends the original money earned.Comment
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Very well said.Originally posted by Silent_ThunderHow to handle the money that you didn't deserve?
I feel great when I spend MY money. It can be a little sum, but it feels great to know that you deserved what you have.
Money is nothing. Success is everything.

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money acquired at no sweat, is spent easily.
I agree, less money, less problems.Last edited by webcrawler; 11-27-2005, 09:51 PM.Comment
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Enough is always not enough.
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