Kentucky United States
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February 14, 2006
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Quote: Originally posted by HoLeeKau on Oct 9, 2020
Does that count if you now regret it so much that you're talking publicly about how someone should have stepped in?
I remember an interview with one American guy who won several million. It was a very long time ago so I don't remember all the details, but IIRC it was between 5 and 10 million. He said he rode in limos and drank champagne and partied in the company of beautiful women and it was gone in several years. Now he was retirement age and had no place to live (or maybe a rundown trailer?) but he didn't regret a thing. He was laughing and smiling the whole time he talked about his years of being wealthy, and said if he won again he'd do everything the same way. The interviewer asked him if he regretted not keeping enough to have a place to live, and he said no because in order to have enough now he'd have had to give up some of his fun back then and he couldn't choose one thing to give up.
That guy had a blast. Callie? It sounds like she falls into things, just goes along with the group. She may have been one of those who feel guilty about having so much, or the type who thinks she needed to buy friends. Whatever happened back then, it wasn't fun enough that it was worth 2 million pounds apparently.
Generally with you said.
But we're still talking about someone that was legally a child compared to adults winning a jackpot. The David Edwards and Abraham Shakespeare tragic type winners were adults and many people believe others tragically spent winnings, but how they legally spent/wasted their winnings should be none of any ones business. There is always someone talking about jackpot winners "getting their ducks in a row" as if they are experts on "duck gatherings", but IMO it sounds to me like jackpot envy.
Back in the day almost every lotto jackpot was payments. A $1 million lotto win got 20 payments of $50,000. I believe it wasn't until the 90s that lotteries began offering a cash/lump sum payment. The only restriction is Federal and any state and local taxes come off the top. After that there are no restrictions on how winners are spent. In the U.S. the age people can purchase lottery tickets is the same as is legally an adult. I believe it's 18 in 47 states and the same as the Federal legal voting age. My point is in the U.S. unless you want to change laws, it's none of our business how any age winner spend and/or wastes their winnings.
That being said and while I don't agree with a 16-year-old that are not even considered adults in the UK purchasing lottery tickets, I'm not UK citizen. And it's not "one size fits all" when it comes to spending lottery winnings. When after tax lottery lump sum jackpots starting getting into the $10 million plus range, some financial experts recommended setting aside an amount of money to blow and have a blast. But at the end of the day, it's age and family status that determines how much is set aside to blow.
With anonymous winners, it won't matter what winners like Callie do with the money because we won't know they won.
"Some people have something to say while otherpeople feel the need to say something"
Brooklyn, NY United States
Member #169,714
October 29, 2015
1,704 Posts
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Quote: Originally posted by HoLeeKau on Oct 9, 2020
Does that count if you now regret it so much that you're talking publicly about how someone should have stepped in?
I remember an interview with one American guy who won several million. It was a very long time ago so I don't remember all the details, but IIRC it was between 5 and 10 million. He said he rode in limos and drank champagne and partied in the company of beautiful women and it was gone in several years. Now he was retirement age and had no place to live (or maybe a rundown trailer?) but he didn't regret a thing. He was laughing and smiling the whole time he talked about his years of being wealthy, and said if he won again he'd do everything the same way. The interviewer asked him if he regretted not keeping enough to have a place to live, and he said no because in order to have enough now he'd have had to give up some of his fun back then and he couldn't choose one thing to give up.
That guy had a blast. Callie? It sounds like she falls into things, just goes along with the group. She may have been one of those who feel guilty about having so much, or the type who thinks she needed to buy friends. Whatever happened back then, it wasn't fun enough that it was worth 2 million pounds apparently.
I hadn't seen that one before. They both got payments of $200K or more for 20 years, so they had time to settle in and think about the future. That article says neither one ever thought it would end even though a large part of their money went to alimony and they never had any money left at the end of the year. Plus they knew exactly when the payments would be ending. How many drugs were they taking? LOL
At least the one kept his day job for another 8 years to qualify for a decent pension, so he wasn't completely daft.
Miami Florida United States
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July 13, 2018
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People were like,"Callie is full of BS. My Aunt was a Savvy Young Business Woman worth 3 million when she was only 12! And people were like,"If you are of sound mind to play The Lottery at 16, you should be of sound mind to be responsible with Lottery Winnings."
Miami Florida United States
Member #191,028
July 13, 2018
549 Posts
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Callie admitted that the "Friends," she got while the winnings were still there abandoned her as soon as the winnings were gone. This is why only Friends you had BEFORE the Lottery wins are your true Friends.