Man pockets $85M in the Powerball and buys a used car
 

Gotta hand it to the guy, he's not gonna be one of those winners that goes down in flames after blowing it all

http://money.cnn.com/2007/02/20/maga...ion=2007022807

He's already doubled his net value in the first year. He's plan is what I've always said I'd do but if you're gonna spend 14k on a used car might as well spend another 10k and get a brand new one.

Smart guy. Good luck to him. Great to see he has invested in his family's future with debt clearance, college funds, etc.

$65,000: New bicycles, including a $12,000 BMC road bike

I would do that too :thumbsup

sounds like his feet are firmly planted,nice to see someone not squandering all their new found wealth. :thumbsup

good on him...65k on bikes though

good for him...i would like to think I would do the same

Smart man indeed. His nieces and nephews will thank him big time one day!

lol @ the used car.

it seems like he is way more into bikes then into cars

pretty cool read

good man. So have any of you guys ever won a nice amount of money?

for sure he is going the smart way
good for him I wish him good luck with it all.

85 million bucks LOL you could put 35 million away in investments and blow 50 million on whatever and still be very rich

Very refreshing to see someone win who is smart, and not afraid to talk to the press too. The buzz out there has always been people waste it, or disappear.

That sounds like a lot doesn't it, but it still less than 1% of what he won. I guess that was his "luxury item".

Do you ride? I ride an Orbea Vuelta 2007. Just Shimano 105 componentry. I want to go up to an Orca with Ultegra or Dura Ace components, but that's a long way off. I've only done about 1000 miles on this one in the last few months. Going to need to be logging a lot more miles before I can justify spending that kind of money on a bicycle. I felt bad enough spending AU$2500!

Guess hes been reading more rich dad, poor dad books ;)

I'll bet he's got no one to impress and just wants the exact black Jetta he likes. Gotta respect being grounded like that.

He was manager of 5 Gold's Gym, so the guy at least had some business background. To do it as well as he did he most have had a good head on his shoulders as well.

This is just proof that the type of person will determine what happens with the money when someone wins it. You take your white trash that never had money in their life, give them 50 million and they will buy 10 million dollar house and put down 1 million and have huge notes, like 50K month. They blow all the rest of the money on shit, bad investments, etc and 3 years later they have nothiing left, can't afford the note on the house and lose the equity in the house when the bank takes it back. And/ or they wind up killing each other.

If you don't know how to make or at least manage money then it doesn't matter how much someone gives you, you wont know how to keep it or make more.