When good money goes bad!  

freetime648 53F
7629 posts
2/28/2006 6:28 am

Last Read:
3/5/2006 9:27 pm

When good money goes bad!

Here are some men and women who have won mega bucks and what happened to those mega bucks:

• William "Bud" Post, who won $16.2 million in the Pennsylvania Lottery in 1988, had a brother who tried to have him killed for the inheritance. Post lost and spent all his winnings. He was living off Social Security when he died in January.

• Two years after winning a $31 million Texas Lottery in 1997, Billie Bob Harrell Jr. committed suicide. He had bought cars, real estate, gave money to his family, church and friends. After his death it was not clear whether there was money left for estate taxes.

• Victoria Zell, who shared an $11 million Powerball jackpot with her husband in 2001, is serving time in a Minnesota prison, her money gone. Zell was convicted in March 2005 in a drug- and alcohol-induced collision that killed one person and paralyzed another.

• Evelyn Adams, who won the New Jersey Lottery twice, in 1985 and 1986, for a total $5.4 million, gambled and gave away all of her money. She was poor by 2001, and living in a trailer.

Now, what would you do with 10 million, 5 million or even 1 million dollars????

xx FREETIME648 xx

PrincessKarma 45F
6188 posts
3/1/2006 4:09 pm

I'll take the $5 million to invest wisely and live off the interest and dividends.

My Dad will be provided for for life, I'll pay off the mortgage on my Mom's house, and I'll buy both of my sisters an apartment to live in or rent out, as well as a small trust fund/nest egg for each.

My brothers don't talk to my Dad, and barely keep in contact with me, so they get ZILCH, but I'll set up trust funds for my nephews' college tuition. Ain't the boys' fault what their father and uncle do...

As for the rest of it, I'm buying me a hubby or at least renting one out (with an ironclad prenup, of course! I'm crazy, not stupid.) for a while.

Now if you'lll excuse me, I have to go buy me some lottery tickets.

The Big Bang was the mother of all orgasms.PrincessKarma

outdoorsman3174 43M

3/1/2006 6:50 am

I'd just put it all in a trust and dole a little out every year to family members. It would be nice to be able to help out the Fam. Pay for college for the younger members, help the rest buy a house or start a business.

If there was enough, I would probably buy a few vacation properties so we could all go someplace nice a couple times a year.

oldman1776 79M
3164 posts
2/28/2006 9:43 am

I read somewhere that 80% of all lottery winers a broke with in 10yrs.

I would put it in cd's and some safe bonds and live off the intrest.

southrnpeach333 51F

2/28/2006 7:23 am

Pay for my kids college so they can support my when I blow through my winnings.

Become a member to create a blog