CZroe
Lifer
- Jun 24, 2001
- 24,195
- 856
- 126
Who DOESN'T live in a trailer here? Just kidding of course, but trailers aren't little camper things like most imagine... most are just pre-built homes without foundations that were made elsewhere, split into multiple parts to fit on the streets for their original move, and placed where they remain stationary as a fully-built house for as long as a house would.
The typical rural neighborhood is a mixture of houses and double-wide/triple-wide trailers and you have to get up and investigate them to tell the difference. Everyone else lives in apartments, planned-community homes, fancy antique houses, and so-on.
It's clear to me that "trailer" was mentioned on CNN and elsewhere just to evoke the wrong image... like that "thing" you see at the end of Monsters Inc (where "Randall" is mistaken for a gator).
The typical rural neighborhood is a mixture of houses and double-wide/triple-wide trailers and you have to get up and investigate them to tell the difference. Everyone else lives in apartments, planned-community homes, fancy antique houses, and so-on.
It's clear to me that "trailer" was mentioned on CNN and elsewhere just to evoke the wrong image... like that "thing" you see at the end of Monsters Inc (where "Randall" is mistaken for a gator).
What I don't get is how people can "blow" so much money and not have anythingleft. I mean...is someone with 150 million in the bank REALLY financing any of his purchases?
sandorski
No Lifer
- Oct 10, 1999
- 70,101
- 5,640
- 126
First I'd say it likely doesn't happen as much as we think, we just hear about it when it does happen. There are certainly ways to do it though, like seriously bad investments or grossly over estimating what that kind of money can buy. Every Bank, Investor, shiester on the planet is going to try and convince what to do with that money. Often their ideas will plain suck.
I think the secret to not blowing your money is to not get caught up in a lifestyle change. It is undoubtedly going to change your Life and what you do with it, but just because you won the lotto and as rich as Clooney or other Wealthy celebrity doesn't make you on par with those people. Forget the Fame and Adoration, be content with Wealth and continue to Budget carefully.
People who win the lottery and become broke are just plain fucking utterly retarded.
It's upsetting, really.
It's upsetting, really.
SearchMaster
Diamond Member
- Jun 6, 2002
- 7,792
- 114
- 106
Neal Boortz always says, "People who are poor continue to make decisions that make them poor. People who are rich continue to make decisions that make them rich." There's probably some truth to that.
However I'm not going to judge anyone for living in a trailer. I did it for a short while and honestly I'd do it again if I had to. It was under unusual circumstances but if I found myself having to decide between a nice apartment or a trailer on a good-sized plot of land, I'd choose the latter. I hated apartment living.
ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,445
- 126
Yeah, me too! Hell... just trying to build a home worthy of being shown on MTV's "Cribs" would probably blow through half of those post-tax winnings.
If that doesn't work, you can always just get a bigger yacht or private jet!
RaistlinZ
Diamond Member
- Oct 15, 2001
- 7,629
- 10
- 91
The sad thing is that every single distand relative, 4th cousin, and friend from elementary school is going to be giving him sob stories on why they need him to loan them money. Lotto winners don't only go broke by spending, they go broke giving it all away to family and friends due to pressure.
If I were him, I'd give each of his immediate relatives (parents, siblings, and children) a one-time gift of $250,000 then immediately change his phone number and move out of the country. I'm totally serious.
If I were him, I'd give each of his immediate relatives (parents, siblings, and children) a one-time gift of $250,000 then immediately change his phone number and move out of the country. I'm totally serious.
He's going to buy a golden trailer, fill up his missing teef and get a lifetime supply of Skoal and finally marry his sister at a nicer church.
Lottery winners go broke by taking a lump sum.
You probably get the same amount-ish with lump sum or yearly payments, but there's less chance to blow it all in one go, and almost $1mn/mo should be plenty.
You probably get the same amount-ish with lump sum or yearly payments, but there's less chance to blow it all in one go, and almost $1mn/mo should be plenty.
destrekor
Lifer
- Nov 18, 2005
- 28,799
- 359
- 126
you really wanna go with that?
a LOT of the people who buy lottery tickets are people who maybe spend $5 per week on tickets. And a majority of the people who were likely in this latest round of the lottery likely only purchase tickets when the jackpot is high. You'll get a lot of people who see the advertised jackpot over a couple hundred million, and say, well what the hell, might as well enter with a few bucks.
Are you saying it's sometimes worth playing the lotto? Odds of winning are astronomical. And the media just makes you feel "well what the hell, might as well enter with a few bucks."
Nebor
Lifer
- Jun 24, 2003
- 29,582
- 12
- 76
Depending on your state, and the state of the economy (available interest rates,) either the lump sum or the yearly payments might be a better value. The thing to keep in mind is that the lump sum is less because it's the present value of the jackpot, whereas what they advertise is the future value of the jackpot (at the end of the ~20 years payoff.) If you choose the yearly payment plan, you're basically locking in an interest rate on the "present value." It's guaranteed by the state, so it's an incredibly secure investment.
IIRC the state's interest rate usually runs between 6-9%. A lot of people can do better investing the lump sum themselves.
Of course, a lot of people invest their lump sum in hookers and blow, and wind up with nothing, so YMMV.
Have a good one, you effin' scumbag.
SKORPI0
Lifer
- Jan 18, 2000
- 18,409
- 2,318
- 136
Originally posted by: Nebor
Over at ar15.com, we call the lottery the stupid tax, or the "bad at math" tax.
:thumbsup:
Like they never bought a lottery ticket before....they plunked more than $2
btw, 3999 posts, nice!
Also notice all the ppl in the video waiting for $$$$$$$$ handouts.
ArmchairAthlete
Diamond Member
- Dec 3, 2002
- 3,763
- 0
- 0
Gotta love those Georgia folks in trailers paying their idiot taxes to fund my education. I guess one of them has to get paid every now and then so the rest keep buying =).
Probably best to exchange the dollars for something as fast as possible, hehe.
Probably best to exchange the dollars for something as fast as possible, hehe.
IMO one should reserve financial judgment until the kitchen table talk is over.
You have ZERO real information and a lot of ego information here.
My guess is OP doesn't have a real clue as to how that stock came into being, if it's options yet exercised or what exactly.
or how to spell DEBT. I mean the P key is way over ---->there the B key down over there<---
Originally posted by: Nebor
Over at ar15.com, we call the lottery the stupid tax, or the "bad at math" tax.
Ever listen to Adam Carolla Show? This is a favorite rant of his.
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