...for the person who wins the PowerBall Lottery, here's some sound advice from Mark Cuban; "The first thing you should do is hire a tax attorney. Don't take the lump sum. You don't want to blow it all in one spot. If you weren't happy yesterday, you won't be happy tomorrow. It's money. It's not happiness. If you were happy yesterday, you are going to be a lot happier tomorrow. It's money. Life gets easier when you don't have to worry about the bills. Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend. You don't become a smart investor when you win the lottery. Don't make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won't lose money." He also shared one last bonus tip with Business Insider: "Be nice. No one likes a mean billionaire. "
All good advice & I'll remember it when my numbers come up. BTW Ron would it be okay if I at least bought a few dozen box seats to your choice of games?
...^^^ good stuff, thanks...!! I've always like the maverick Mark Cuban, and His NO Nonsense approach, ironic his team is named the Mavericks. Mark paid $285 Million for his team, that is now valued at: $1.15 Billion.... As of the 2013 season, the Mavericks have sold out 477 consecutive games since December 15, 2001, the longest currently running sellout streak in North American major league sports. And here I thought that title would go to the Denver Broncos...
Sorry but I have the winning ticket.... Ron I'm buying you the Cheetos factory. Rick I'll rent you JLo....Rob gets a Soyuz flight to the ISS. Then I'll buy out ARods contract if the Steins agree to can Cashmans.
I will take it even if its Russian Built, or Soviet....Ironic, as was just watching some Fatal and near fatal Soyuz re-entries. I was hoping to modify your V-2 to get to the ISS... With that much deniro, perhaps you should give Trump a run for his money, I have no doubt you can take Him out; or blitz him back to his Ivory tower; with facts... With you new found job as POTUS, perhaps you can do us all a favor and have Hillary burned at the stake, or better yet, give her a traitors Military Tribunal, and Firing Squad, any chance you could include Pelosi for crimes against humanity, ie being ignorant beyond the ability to serve.....
One of my buds in the UCC side, an electrical inspector (Mark), met a guy on a site (Manny) yesterday who said he researched last years winning tickets, extrapulated the results and came up with the numbers. He left that paper at the office went to the lottery machine and realized it was at his office. He guessed numbers. When the winners came out those numbers including #13 power ball was there. All the numbers were there. He revelaed the paper to the inspector. If it was true, he must be the sickest person in the country. My bud said he was pretty upset about it so I would assume it was true. The Only winning ticket with 800 mil. Ughrgrh! Would he tell his wife?
I'm sorry but there is no system for predicting a lottery, not mathematically possible with 1 in 292M odds. Random numbers are random, past drawing data has no impact on future outcome.
I recall reading about a man, who played the original CA Lottery long prior to Powerball et al. He played faithfully every week, which would be twice, (Wed. and Sat.). One day for some fateful-fatal reason; he didn't play, .... He used the very same numbers always, when they came up, he blew his head off, no shit, ..... you can't make this shit up, I guess he figured lightning doesn't strike twice. Speaking of lightning, I heard one's chances of hitting all the numbers of the Powerball, with this big jackpot, are the same chances as being hit by lightning, 200 times over in one's life. Sorry, once would be enough for me.....
no doubt, none, not a fkng fortune teller, not a wizard, nada numerologist. People actually pay to get their numbers, but then people have done crazier things. I want that flight to Mars.....
...Here's a bunch of folks who won a lottery, but then managed to screw the pooch ; --------------------------- Lara and Roger Griffiths bought their dream home ... and then life fell apart. Before they won a $2.76 million lottery jackpot in 2005, Lara and Roger Griffiths hardly ever argued. Then they won, and bought a million-dollar house and a Porsche. But six years after their win, Roger drove away in the Porsche after Lara confronted him over emails suggesting he was interested in another woman. Their 14-year marriage was over, a freak fire gutted their house, and every penny of their fortune was gone. Bud Post lost $16.2 million within a nightmarish year — his own brother put out a hit on him. William "Bud" Post won $16.2 million in the Pennsylvania lottery in 1988 but was $1 million in debt within a year. "I wish it never happened," Post said. "It was totally a nightmare." A former girlfriend successfully sued him for a share of his winnings and his brother was arrested for hiring a hit man to kill him in the hopes he'd inherit a share of the winnings. After sinking money into various family businesses, Post sank into debt and spent time in jail for firing a gun over the head of a bill collector. Bud now lives quietly on $450 a month and food stamps. Martyn and Kay Tott won a $5 million jackpot, but lost the ticket. Martyn Tott, 33, and his 24-year-old wife from the UK missed out on a $5 million lottery fortune after losing their ticket. They were able to convince officials, but since there is a 30-day time limit on reporting lost tickets, the jackpot became the the largest unclaimed amount since the lottery began in 1994. "Thinking you're going to have all that money is really liberating. Having it taken away has the opposite effect," Kay Tott told The Daily Mail. "It drains the life from you and puts a terrible strain on your marriage. It was the cruelest torture imaginable." Sharon Tirabassi is back in the working class after winning $10 million 11 years ago. In 2004, Sharon Tirabassi, a single mother who had been on welfare, cashed a check from the Ontario Lottery and Gaming Corp. for $10,569,00.10 (Canadian). She subsequently spent her winnings on a "big house, fancy cars, designer clothes, lavish parties, exotic trips, handouts to family, loans to friends" and in less than a decade she's back "riding the bus, working part-time, and living in a rented house." Luckily Tirabassi put some of her windfall in trusts for her six children, who can claim the money when they turn 26. Evelyn Adams gambled it all away in Atlantic City. Against all odds, in the mid-1980s, Adams won the lottery twice, once in 1985 and again in 1986. The New Jersey native won a cool $5.4 million, but AskMen.com reports she gambled it away at Atlantic City. Today she resides in a trailer park. Tonda Lynn Dickerson was forced to pay gift tax. A former Waffle House waitress named Tonda Lynn Dickerson got served a big plate of karma when she refused to split her winnings with ex-colleagues and was forced to pay the tax man $1,119,347.90. How did it happen? Dickerson placed her winnings in a corporation and granted her family 51 percent of the stock — qualifying her for the tax. Gerald Muswagon ended up feeling sorry for partying. In 1998, Gerald Muswagon won the $10 million Super 7 jackpot in Canada. But he blew it all on drinking and partying in only seven years. Filled with remorse, Muswagon hanged himself in his parents' garage in 2005. Suzanne Mullins couldn't dig herself out of debt. When Mullins won the US lotto in 1993, she opted for yearly payouts instead of a lump sum, reports MSN. She quickly found herself in debt, using future payouts as collateral for a $200,000 loan. Mullins later switched to a lump sum payout, but never paid back the debt. The loan company filed suit and won a $154,000 settlement that was all but worthless — Mullins had no assets. Americo Lopes quit his job, lied about it, then got sued. AP Construction worker Americo Lopes won the New Jersey lottery, quit his job, and then lied about it, claiming he needed foot surgery, reports the New York Times. After coming clean to an ex-colleague, he and a few others ganged up on Lopes for not splitting the winnings as promised. The court ordered Lopes to split the prize. Ibi Roncaioli was murdered by her husband after she squandered her winnings. Getty Ontario resident Ibi Roncailoli walked away with $5 million in a 1991 Lotto 649 drawing, but she didn't tell her husband how she decided to spend it. When Joseph Roncailoli, a gynecologist, found out Ibi gave $2 million of her fortune to a secret child she'd had with another man, he poisoned her with painkillers, the Toronto Star reports. He was found guilty of manslaughter and reportedly asked Ibi's family to help foot the bill for her funeral. Michael Carroll lived in the fast lane and blew it all. Michael Carroll was at his peak when he won Britain's £9.7 million ($15 million) jackpot in 2002, The Daily Mail reports. But a penchant for life in the fast lane — cocaine, parties, hookers, and cars — put him back at square one in five years. Last we heard, the ex-garbageman was hoping to get his old job back. Andrew Jackson Whittaker Jr. was undone by casino lawsuits. In 2002, West Virginia building contractor Andrew Jackson Whittaker Jr. walked away with $114 million after taxes on a $315 million multi-state Powerball draw. That was just about his last stroke of good fortune. Thieves ran off with $545,000 Whittaker stashed in his car. Later on, he was sued by Caesar's Atlantic City for allegedly bouncing $1.5 million in checks. Within four years, his fortune was gone. Billy Bob Harrell Jr. had his prayers answered, but his luck ran out after he couldn't say no. A Pentecostal preacher working as a stockboy at Home Depot got his prayers answeredwhen he hit the $31 million jackpot in 1997. At first, life was good with Billy Bob buying a ranch, six other homes, and some new cars. But like many others who win the lottery, he just couldn't say no when people asked for a handout. Later in life he divorced and eventually committed suicide. Willie Hurt's crack addiction did him in. In 1989, Willie won a $3.1 million jackpot in the Michigan Lottery. Fast-forward two years later and Hurt got divorced, lost custody of his children, was charged with attempted murder, and picked up a crack-cocaine addiction. The habit was so bad, it sucked away his entire fortune. Denise Rossi didn't disclose the jackpot in her divorce filing. When Denise Rossi won $1.3 million in the California lotto, she left her husband without a word, reports People magazine. Thomas knew something was up, but agreed to divorce her anyway. Two years later, he intercepted a letter at his new Los Angeles home revealing the truth. He sued Denise for not disclosing her winnings in the divorce, and the judge awarded Thomas every cent. Janite Lee blew her fortune on political donations. After winning an $18 million lottery jackpot in 1993, Janite Lee's earnings were gone within a decade. The St. Louis Post Dispatch reports that Lee, a wigmaker from South Korea, blew her winnings on, of all things, charity. A reading room was named after her at Washington University's law school, and she was a major donor for the Democratic Party. But her giving hand, coupled with a little gambling and a lot of credit card debt, allegedly did her in. She filed for bankruptcy in 2001. Luke Pittard wound up flipping burgers at McDonald's. Business Insider Welsh-born Luke Pittard won a £1.3 million jackpot ($1.9 million) in 2006, but spent it all on a trip to the Canary Islands, a wedding, and a house. A year-and-a-half later, Pittard was forced to take a job at McDonald's flipping burgers. He says he's happy, and his leftover winnings collect interest. Rhoda and Alex Toth both landed in court for tax evasion. Alex and Rhoda Toth hit the $13 million jackpot in Florida in 1990. Within 15 years they were destitute. According to the Tampa Bay Times, the couple declared bankruptcy and were eventually accused of tax evasion by the IRS. Alex passed away before his case went to trial and Rhoda eventually served two years in prison. Vivian Nicholson was a clothes horse who couldn't stop shopping. Getty Daily Mail UK reports Vivian Nicholson got a taste of the good life when she won a fortune — £152,300 — in Britain's football pools in 1961. Too bad she blew it all filling her closet with haute couture. Years later, Nicholson is jobless, a newly-minted Jehovah's Witness and a widow. She's also been married five times. Teen mom Callie Rogers was too young to spend her money wisely. Callie Rogers was just 16 years old when she won £1.9 million in the U.K.'s lottery (about $3 million) in 2003 — too young to know how to manage her money or where it would lead her, according to Gawker. Rogers had two children then blew the rest on partying, vacations, and gifts for her friends. Now Rogers works as a cleaning woman and is reportedly facing bankruptcy. Barry Shell used one of his last dollars to buy a lotto ticket. Barry Shell won $4 million Canadian dollars in the Ontario lottery in 2009 after he used the last of his cash to buy a ticket. But there was a warrant out for his arrest on charges of theft and possessing stolen property, and police figured out where he was after seeing a photo of him with his prize. He gave his winnings to a relative.
...^^^ Outstanding stuff 59, worth printing out and sharing. Did you ever see some of those "Lottery Winners to Bankrupt" Show ??? I know I got the show's title incorrect, yet it showed some incredible dumb dumb shit peeps do, when they get in over their heads.... I like your Mark Cuban Advice, (He more than knows what he's talking about)....
...Matts, though he was not on the list, there was this guy I knew in a town I used to live in...he was a firefighter but won a lottery of some kind. (about $1.5 Mil, if I remember correctly) ...but instead of being content, he got greedy and decided to increase his winnings by making a drug deal...unbeknownst to him, the guy he bought the coke from was an undercover agent...when the dust settled he had not only lost every penny, he also had to serve some jail time.
If anyone remembers the movie Hoffa with Jack Nicholson. There's a line he gives in the film where he says don't ask for something that's a burden to you if you get it. Plenty have found out the hard way the truth behind that statement. Money is great but nobody needs a sum like this. Some will tell Cuban well you're a billionaire Mark so it's easy for you to say. Well for one Cuban worked for what he has and built what he has with his own ideas. He's giving very fair and honest advice here. Unfortunately, for a lot of people if you hand somebody one million dollars they will go out and spend two million.
Trying to remember the first 5M winner, a black guy who went on to dress like a pimp & lost it all within a year.
$1.5B...paid out over 29 installments, $51,724,137.93 per year. 39.6% To IRS.....$31,241,379.31 per year - state tax. For CA, 13%, down to $27,180,000 per year. $27M/yr is ARod money....for life. In today's world....this is spendable, lol!
