What is Digg?199 Comments
- disabled4diggin, on 10/17/2007, -4/+1077 people who won millions of dollars and squandered it... I'm sorry but I just don't see how I should feel sad for them.
- Jason540i, on 10/13/2007, -0/+42Being smart with money will bring happiness. Blowing your money on stupid ideas, bad family members, drugs and hookers is what brings the pain. Its not the money its the people.
- vroom101, on 10/14/2007, -4/+45http://articles.moneycentral.msn.com/SavingandDebt ...
- krets, on 10/13/2007, -0/+39I'd use my millions and hire Randy Couture to punch out anyone who asked me for money. I hear he's looking for work these days.
- themarq, on 10/17/2007, -0/+38Everyone of these goobers entered into a hell of their own making. The common refrain of "money doesn't buy happiness" should be modified to "money doesn't buy intelligence."
- quiznos, on 10/15/2007, -2/+34New car and college for me and my brothers, the rest into savings.
- burdalane, on 10/15/2007, -0/+26The lessons from this: Don't tell people you won the lotto. Say no to people who ask you for money, even if they're family. Don't buy a big house without considering the cost of maintenance. Use your lottery winnings to make more money.
- rgaino, on 10/13/2007, -0/+26Still, I would like to try.
- wiirdo, on 10/13/2007, -1/+27PWNED! Money can take the people out of the trash, but can't take the trash out of the people.
- inactive, on 10/14/2007, -1/+26Money buys a certain amount of happiness. These people are too stupid to be rich. Smart people know that money buys 90% happiness. They don't go out and blow it all in less than a year. Stupid morons will always be more unhappy, rich or poor.
- SpykerSpeed, on 10/13/2007, -0/+23The following is an example of a lottery winner who's doing EXACTLY the right thing with his money:
http://money.cnn.com/2007/02/20/magazines/fortune/ ... - dagnabbit, on 10/13/2007, -2/+22Don't be such a stick in the mud. Get yourself a Thai hooker (get 3, so you don't have to share with your brothers!)
- Neiby, on 10/13/2007, -1/+19I have no sympathy for these people. Sure, it's a little bit sad, but they got a chance that most people don't get and they squandered it. If I were to win the lottery, especially if it was a very large one, I'd take the lump-sum option, pay off my house then invest most of the rest in a good mix of stocks, mutual funds and bonds. I sure as hell would not end up like these people.
- RealmDown, on 10/13/2007, -0/+17I would sleep with two women at once.
- spaceninja, on 10/13/2007, -1/+18You know what they say, a fool and his money are soon parted. They didn't bother to invest it properly, wish someone else had been given the opportunity.
- jordanyeo, on 10/13/2007, -4/+20This is obviously blog spam, ripped off article from msn. Why is everyone digging this?
- sensoukami, on 10/13/2007, -0/+16Actually, there is some reverse survivor bias here. They only picked the ones who screwed up and didn't showcase the ones who came out okay. To be a truly random selection, we'd need to collect case studies on ALL lottery winners, then sample about 25 of them (at least) at random and go from there....
- falstaff, on 10/13/2007, -0/+16This is very un-PC, and I realize that a lot of poor people are just "cursed" in life, but many more people are poor because of their own choices. If they don't change those choices, a million dollars or 30 million dollars isn't going to make them rich for very long. I've been there in my own small way. Made $30k on the sale of a house, and within 6 months, it was basically gone with almost nothing to show for it. Thankfully, we've started to be smarter about money since then. You've got to live smart to live well. No amount of cash in the bank changes that.
- jiludi, on 10/13/2007, -0/+14adsense spam
article was stolen from
http://articles.moneycentral.msn.com/SavingandDebt ... - signal15, on 10/13/2007, -0/+14If you win the lottery, tell no one. Get a lawyer that will help you change your name in states that have the requirement to make your name public. Change your name back after you collect your winnings. Hire a good financial adviser, 99% of them are bad. Put the money into a trust, and make yourself the custodian of that trust. You can invest the money through the trust or make payouts to yourself through it, and since it's a separate legal entity, depending on where and how you set it up, no one can get a dime out of you if they sue you for some reason and win.
The most important part, tell no one that you won the lottery. Don't even tell your wife or husband until you've done all of the above. Then, you can decide what to do with the money. - murraj2, on 10/13/2007, -6/+19Seeing as how they played the lottery, they're probably people of below average intelligence.
- TheAngryMob, on 10/13/2007, -0/+12You can take a "Lump sum" for less, or annual payouts for the full amount. Seems like most people take the lump sum.
- CheezeMonkey, on 10/13/2007, -0/+11when you win the lottery, don't tell anyone. seriously.hire a financial adviser and a good lawyer, and shut the hell up
- inactive, on 10/13/2007, -1/+11Rotten.com's library actually has an interesting article on this very subject... http://www.rotten.com/library/culture/lottery-winn ...
- Mothrog, on 10/13/2007, -0/+9Not really. They lost millions thanks to their own idiocy. Tough *****.
- munkeyhatecleen, on 10/13/2007, -0/+9What a shame... Not one of them blew it on "Two chicks at the same time"!!
- ArchieAndrews, on 10/13/2007, -0/+9The poster you are replying to was referring to the submitted article, not the msn link he replied to.
- drachemorder, on 10/13/2007, -5/+13Being a truly random selection, these can probably be assumed to be people of around average intelligence.
If the average person is this stupid, just think --- half of the population is even dumber than that! - neutronium, on 10/13/2007, -0/+8Well, if you believe the assertion that lotteries are fundamentally a tax on people who can't do math, then you're probably starting somewhere on the left side of curve to begin with then sampling from there.
It is unfortunate that lotteries are basically a regressive tax on those that can afford it least.
disclaimer: I'll admit that I play about once a year, even with a math degree when the expected prize value exceeds the odds, I take a flyer of a dollar or two. $300 million just has a nice ring to it. Even if you only see $80 million - Pritchard, on 10/13/2007, -1/+9When you're an idiot, yes.
- Mothrog, on 10/13/2007, -0/+8"And goal to double the money within a year."
Congratulations, you're one of the idiots that would lose their money. You don't double your money in a year making sound investments. - anjamerret, on 10/13/2007, -8/+16Very sad.
- Cymrubeats, on 10/15/2007, -0/+8The UK lottery rules are different...if the prize is 10mil, then you get 10mil, you pay tax on the purchase of the ticket, not the winnings themselves.
- Metis2be, on 10/13/2007, -0/+8financially responsible people usually don't buy lottery tickets.
- rgaino, on 10/15/2007, -1/+8"Say you've won $1 million. What you've really won is a promise to be paid $50,000 a year."
Why is that? American lotteries don't pay all at once? - mrgprime, on 10/13/2007, -1/+8MSN bought the story from Bankrate. The guy who owns this blog stole copyrighted material to profit from it.
- gab00n, on 10/13/2007, -1/+8Rule 1: Never tell anyone you won the lottery, especially your family.
Rule 2: Get a financial adviser.
Rule 3: Don't spend all your money you ***** idiot. - ArchieAndrews, on 10/13/2007, -2/+9Blogspam. Click on the link at the end to see where they copy/pasted the original content from. Lame and buried.
- sezzme, on 10/15/2007, -0/+6I am currently studying the difference in thinking between rich and poor people. I am now slowly realizing that if people were taught as kids the thinking patterns used by rich people, there would be less poverty in the world. Example, rich people think of a dollar as a potential seed to grow more money, while poor people tend to think of a dollar to as something to use now, immediately.
The situation is NOT that people like these lotto winners are idiots, it's the woeful lack of financial education people get in school. Financial literacy should be taught in grade and high school. THAT is not their fault. If that was taught at the grade and high-school level to EVERY kid, we honestly would have less poverty in America.
I am in debt and poor... but I also now see why I turned out that way... all the junk ways I was taught by my parents to waste my money instead of managing it well. I am now learning a new mindset. Learning how owning a business lets you write off taxes on each applicable purchase, and you are taxed on what is left. How to put away any windfall you get and live on the interest. How to get smart about getting good food for cheap. That sort of thing.
Living most of my life not knowing stuff like this does not make me an idiot no more than not getting a physics education in high-school makes you an idiot - just uneducated. - Mothrog, on 10/13/2007, -0/+6More like, mo' money, same ***** problem. These people are dumb as stumps.
- Pritchard, on 10/13/2007, -5/+11That people are such idiots.
- RealmDown, on 10/14/2007, -0/+6....calculating.....
one per person - AxeSwinger, on 10/13/2007, -0/+6I disagree. I consider the weekly lottery tickets I purchase to be part of my high risk investment portfolio. I invest $104 dollars annually with a potential payout of 3-100 million dollars. So me any investment that can provide that type of return? Now, I can afford my investment and really don't think I'm going to win but it sure is nice to dream about what I would do with 100 million dollars just dropped into my lap. Now those who play expecting to win or spend even a percentage point of their income on the lottery I have to wonder about...
- fockyou, on 10/13/2007, -0/+6I think im about to put that movie on now...
- licoricewhip, on 10/13/2007, -0/+6All I ask is for the opportunity to prove that money can't make me happy.
PS. I also ask for the "remember me" checkbox to actually work. - ArchieAndrews, on 10/13/2007, -1/+7MSN makes a proper attribution of their source also.
- Terra21, on 10/13/2007, -1/+7It's sad to see that most people ended up losing it by giving it away due to greedy familys who think they deserve their debts paid by someone they proboly only ever see at weddings and partys, and also people who sue them for there share of the winnings.
Best thing to do is keep it quiet, if you go about broadcasting it to the newspapers and media then obviously people are going to see it and try to cash in, just put in your bank account and don't tell anyone, you'd be suprised what people would do for your money that you'd never expect them to do. - gl77, on 03/31/2008, -1/+6Jack Whittaker is an honorable mention, although i dont think he's lost it, he sure did run into one problem after another after winning the powerball.
http://en.wikipedia.org/wiki/Jack_Whittaker_%28lot ... - inactive, on 10/13/2007, -0/+5But don't you understand? PEOPLE ARE GREEDY.
They think that just because they got lucky with the lottery, they'll also get lucky with the (high risk) business. Nevermind the fact that they probably have no business education or experience. - sladek, on 10/13/2007, -2/+6Maybe because Bush wastes money on a war rather than a National Health Service like Europe has
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