8 meat plant co-workers walk away with $365m dollar - Page 2 - GoFuckYourself.com

u-Bob · 02-22-2006, 12:17 PM

Quote:

Originally Posted by ssp

Seriously man, what would be the difference between $30m and $20m to a meat plant worker?

good point.

After Shock Media · 02-22-2006, 12:25 PM

Quote:

Originally Posted by StuartD

People who work in a "plant" of any kind are slaves... not money smart. They earn their paycheck.. they pay their bills and they hope they can afford the mortgage and power both at the same time.

That is a very broad based brush you are painting a lot of people with. Working in a plant is sometimes what you have to do. Specially if you are in your fifties or older. It is not like thirty to thirty five years ago there was a huge choice in where you could work if you lived in certain areas.

Hell my grandfather went to work at a "plant" when he was in his twenties. He stayed with them until he retired at sixty. He went back to work for the same plant on a consulting/training bases literally two weeks after retiring pulling in two hundred an hour because the "plant" realized that they neglected to have anyone ready for his position he had and that nobody knew anything about the machines he was formally in charge of for the last thirty plus years.
Before his consulting work he was already very set retirement wise, more so than the vast majority of Americans I know of today. He went to work at that "plant" when he got out of the navy. He never had a chance at any higher education and there just were not any other good options.

KRL · 02-22-2006, 02:11 PM

53 clueless money managers.

minusonebit · 02-22-2006, 02:39 PM

Quote:

Originally Posted by KRL

Investment wise its far better to take the lump sum.

Sorry, I disagree. While it might be true that you could do better investing with all of it avaliable all at once, its also true that you could fuck up and lose everything with just a couple of stupid mistakes, which as a working man who just got rich overnight, you are bound to make.

If you take the annuity, at least you'd get a few more chances when your next year's payment came in. And I can bet that after pissing away the first year on something stupid, you'd be alot more careful with the remaining years.

Luc Lonely · 02-22-2006, 02:54 PM

it was me winning the lottery .

gecko · 02-22-2006, 03:03 PM

Set for life.. damn

Walrus · 02-22-2006, 03:37 PM

You guys might be interested to read this article on AOL News:

1/3 of Lottery Winners Go Bankrupt.

czarina · 02-22-2006, 03:40 PM

yep, I'd take the lump sum and go to my bank and get a custom interest rate. With that amount of money you can get about 4% even with the market being as horrible as it is right now. 4% of 1million is 40K a year, so with 15 or 20 Million in the bank you wouldn't even need to touch your money, Just live off the interest

HorseShit · 02-22-2006, 03:47 PM

All of you fuckers that give a shit that "1/3 of lottery winners who take lump sum go bankrupt" WHAT THE FUCK DO YOU CARE? Sounds to me like you are very jealous you didnt win.

Mr. Romance · 02-22-2006, 03:48 PM

Walrus · 02-22-2006, 03:50 PM

Quote:

Originally Posted by jdavis

All of you fuckers that give a shit that "1/3 of lottery winners who take lump sum go bankrupt" WHAT THE FUCK DO YOU CARE? Sounds to me like you are very jealous you didnt win.

Calm down. I didn't even buy a ticket for Saturday. I thought that was interesting, and had no idea that many went bankrupt. I knew some people squandered it all, but was surprised it's actually a third of the winners who do.

After Shock Media · 02-22-2006, 03:51 PM

Quote:

Originally Posted by czarina

yep, I'd take the lump sum and go to my bank and get a custom interest rate. With that amount of money you can get about 4% even with the market being as horrible as it is right now. 4% of 1million is 40K a year, so with 15 or 20 Million in the bank you wouldn't even need to touch your money, Just live off the interest

4% is pretty damn low for any sizable investment, hell I get over 4% now on any amount over a cent deposited now into the savings account with no term limits and no early withdraw fee's.

I however would dump all or most of it into insured individual municipal bonds and use the interest to fund higher risk investments.

02-22-2006, 02:11 PM	#53
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	53 clueless money managers. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-22-2006, 03:03 PM	#56
gecko ****** Join Date: Jun 2002 Posts: 21,846	Set for life.. damn __________________ [email protected]

02-22-2006, 03:48 PM	#60
Mr. Romance The Face of Romance and the Symbol of Freedom Join Date: Mar 2005 Location: The America's Posts: 7,821	__________________ Free Leads Program now paying up to $6 Gerard-Director of Global Sales Sign up Here: CamStarCash Check out: FreeCamStars ICQ: 330 662 299 gerard at freecamstars . com

02-22-2006, 02:54 PM	#55
Luc Lonely Ask me about negative cash flow Join Date: Feb 2006 Posts: 499	it was me winning the lottery .

02-22-2006, 03:37 PM	#57
Walrus Confirmed User Join Date: May 2005 Location: USA Posts: 2,150	You guys might be interested to read this article on AOL News: 1/3 of Lottery Winners Go Bankrupt.

02-22-2006, 03:40 PM	#58
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	yep, I'd take the lump sum and go to my bank and get a custom interest rate. With that amount of money you can get about 4% even with the market being as horrible as it is right now. 4% of 1million is 40K a year, so with 15 or 20 Million in the bank you wouldn't even need to touch your money, Just live off the interest

02-22-2006, 03:47 PM	#59
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	All of you fuckers that give a shit that "1/3 of lottery winners who take lump sum go bankrupt" WHAT THE FUCK DO YOU CARE? Sounds to me like you are very jealous you didnt win.