On Feb 13, 5:43 am, "Damned-Virus-Data Miner providers"
email.com> wrote:> On Feb 9, 9:05 pm, "Ventura"
somewhere.com> wrote:
>
>
>>> If you are already NOT a $millionaire, please DO NOT try to win. It is
>> disastrous for you. Give the money to me if you win please because I can
>> manage it better for you, of course I will "pinjam" a bit here and there..
>> :):)
>
>> =================================
>> FROM RAGS TO RICHES, BACK TO RAGS
>
>> For most people, winning the lottery is a dream come true. But for many
>> lottery winners, the dream becomes more like a nightmare. Consider the
>> following cases.
>
>> * Two Time Winner Loses It All:
>> "Winning the lottery isn't always what it's cracked up to be," says Evelyn
>> Adams, who won the New Jersey lottery not just once, but twice (1985, 1986),
>> to the tune of $5.4 million. Today the money is all gone and Adams lives in
>> a trailer.
>
>> "I won the American dream but I lost it, too. It was a very hard fall. It's
>> called rock bottom," says Adams.
>
>> "Everybody wanted my money. Everybody had their hand out. I never learned
>> one simple word in the English language -- 'No.' I wish I had the chance to
>> do it all over again. I'd be much smarter about it now," says Adams, who
>> also lost money at the slot machines in Atlantic City.
>
>> "I was a big-time gambler," admits Adams. "I didn't drop a million dollars,
>> but it was a lot of money. I made mistakes, some I regret, some I don't. I'm
>> human. I can't go back now so I just go forward, one step at a time."
>
>> * Living On Food Stamps:
>> William "Bud" Post won $16.2 million in the Pennsylvania lottery in 1988 but
>> now lives on food stamps.
>
>> "I wish it never happened. It was totally a nightmare," says Post.
>
>> A former girlfriend successfully sued him for a share of his winnings. It
>> wasn't his only lawsuit. A brother was arrested for hiring a hit man to kill
>> him, hoping to inherit a share of the winnings. Other siblings pestered him
>> until he agreed to invest in a car business and a restaurant in Sarasota,
>> Fla., -- two ventures that brought no money back and further strained his
>> relationship with his siblings.
>
>> Post even spent time in jail for firing a gun over the head of a bill
>> collector. Within a year, he was $1 million in debt.
>
>> Post admitted he was both careless and foolish, trying to please his family.
>> He eventually declared bankruptcy.
>
>> Now he lives quietly on his $450 a month Social Security check and food
>> stamps.
>
>> "I'm tired, I'm over 65 years old, and I just had a serious operation for a
>> heart aneurysm. Lotteries don't mean (anything) to me anymore," says Post.
>
>> * Deeper In Debt:
>> Suzanne Mullins won $4.2 million in the Virginia lottery in 1993. Now she's
>> deeply in debt to a company that lent her money using the winnings as
>> collateral.
>
>> She borrowed $197,746.15 from the Singer Asset Finance Company, which she
>> agreed to pay back with her yearly checks from the Virginia lottery through
>> 2006. When the rules changed allowing her to collect her winnings in a lump
>> sum, she cashed in the remaining amount. But she stopped making payments on
>> the loan.
>
>> She blamed the debt on the lengthy illness of her uninsured son-in-law, who
>> needed $1 million for medical bills.
>
>> Mark Kidd, the Roanoke, Va., lawyer who represented the Singer Asset Finance
>> Company who sued Mullins, confirms her plight. He won a judgment for the
>> company against Mullins for $154,147 last May, but they have yet to collect
>> a nickel.
>
>> "My understanding is she has no assets," says Kidd.
>
>> Going Back To The Basics:
>> Ken Proxmire was a machinist when he won $1 million in the Michigan lottery.
>> He moved to California and went into the car business with his brothers.
>> Within five years, he had filed for bankruptcy.
>
>> "He was just a poor boy who got lucky and wanted to take care of everybody,"
>> explains Ken's son Rick.
>
>> "It was a hell of a good ride for three or four years, but now he lives more
>> simply. There's no more talk of owning a helicopter or riding in limos.
>> We're just everyday folk. Dad's now back to work as a machinist," says his
>> son.
>
>> * Drugs, Divorce, and Murder:
>> Willie Hurt of Lansing, Mich., won $3.1 million in 1989. Two years later he
>> was broke and charged with murder. His lawyer says Hurt spent his fortune on
>> a divorce and crack cocaine.
>
>> * In Prison For Selling Cocaine:
>> Charles Riddle of Belleville, Mich., won $1 million in 1975. Afterward, he
>> got divorced, faced several lawsuits and was indicted for selling cocaine.
>
>> * Charity Is An Fine Thing, But:
>> Missourian Janite Lee won $18 million in 1993. Lee was generous to a variety
>> of causes, giving to politics, education and the community. But according to
>> published reports, eight years after winning, Lee had filed for bankruptcy
>> with only $700 left in two bank accounts and no cash on hand.
>
>> * Long Lost Relatives:
>> One Southeastern family won $4.2 million in the early '90s. They bought a
>> huge house and succumbed to repeated family requests for help in paying off
>> debts.
>
>> The house, cars and relatives ate the whole pot. Eleven years later, the
>> couple is divorcing, the house is sold and they have to split what is left
>> of the lottery proceeds. The wife got a very small house. The husband has
>> moved in with the kids. Even the life insurance they bought ended up getting
>> cashed in.
>
>> "It was not the pot of gold at the end of the rainbow," says their financial
>> advisor.
>
>> * Luck Is Fleeting:
>> These sad-but-true tales are not uncommon, say the experts.
>
>> "For many people, sudden money can cause disaster," says Susan Bradley, a
>> certified financial planner in Palm Beach, Fla., and founder of the Sudden
>> Money Institute, a resource center for new money recipients and their
>> advisors.
>
>> "In our culture, there is a widely held belief that money solves problems.
>> People think if they had more money, their troubles would be over. When a
>> family receives sudden money, they frequently learn that money can cause as
>> many problems as it solves," she says.
>
>> Craig Wallace, a senior funding officer for a company that buys lottery
>> annuity payments in exchange for lump sums, agrees.
>
>> "Going broke is a common malady, particularly with the smaller winners. Say
>> you've won $1 million. What you've really won is a promise to be paid
>> $50,000 a year. People win and they think they're millionaires. They go out
>> and buy houses and cars and before they know it, they're in way over their
>> heads," he says.
>
>> Are You Really A 'Millionaire'?
>> Part of the problem is that the winners buy into the hype.
>
>> "These people believe they are millionaires. They buy into the hype, but
>> most of these people will go to their graves without ever becoming a
>> millionaire," says Wallace, who has been in the business for almost a
>> decade.
>
>> "In New Jersey, they manipulate the reality of the situation to sell more
>> tickets. Each winner takes a picture with a check that becomes a 3-foot by
>> 5-foot stand-up card. The winner is photographed standing next to a
>> beautiful woman and the caption reads: 'New Jersey's newest millionaire.'"
>
>> "Winning plays a game with your head". Bradley, who authored 'Sudden Money:
>> Managing a Financial Windfall,' says winners get into trouble because they
>> fail to address the emotional connection to the windfall.
>
>> "There are two sides to money. The interior side is the psychology of money
>> and the family relationship to money. The exterior side is the tax codes,
>> the money allocation, etc."
>
>> "The goal is to integrate the two. People who can't integrate their interior
>> relationship with money appropriately are more likely to crash and burn,"
>> says Bradley.
>
>> "Often they can keep the money and lose family and friends -- or lose the
>> money and keep the family and friends -- or even lose the money and lose the
>> family and friends."
>
>> Bill Pomeroy, a certified financial planner in Baton Rouge, La., has dealt
>> with a number of lottery winners who went broke.
>
>> "Because the winners have a large sum of money, they make the mistake of
>> thinking they know what they're doing. They are willing to plunk down large
>> sums on investments they know nothing about or go in with a partner who may
>> not know how to run a business."
>
>> What If You Get So (un)Lucky?
>> To offset some bad early decision-making and the inevitable requests of
>> friends, relatives and strangers, Bradley recommends lottery winners start
>> by setting up a DFZ or decision-free zone.
>
>> "Take time out from making any financial decisions," she says. "Do this
>> right away. For some people, it's smart to do it before you even get your
>> hands on the money.
>
>> "People who are not used to having money are fragile and vulnerable, and
>> there are plenty of people out there who are willing to prey on that
>> vulnerability -- even friends and family," she cautions.
>
>> "It's not a time to decide what stocks to buy or jump into a new house
>> purchase or new business venture.
>
>> "It's a time to think things through, sort things out and seek an advisory
>> team to help make those important financial choices."
>
>> As an example, Bradley says that people who come into a windfall will
>> typically put buying a house as No. 1 in list of 12 choices, while investing
>> is No. 11.
>
>> "You really don't want to buy a new house before taking the time to think
>> about what the consequences are.
>
>> "A lot of people who don't have money don't realize how much it costs to
>> live in a big house -- decorators, furniture, taxes, insurance, even utility
>> costs are greater. People need a reality check before they sign the
>> contract," she says.
>
>> Evelyn Adams, the N.J. lottery double-winner, learned these lessons the hard
>> way.
>
>> "There are a lot of people out there like me who don't know how to deal with
>> money," laments Adams. "Hey, some people went broke in six months. At least
>> I held on for a few years."
>
>> =================================
>
> Buy share also same...can earn a lot if you dare to throw in millions
> of shares to bet.......like what I did with story/film earning in
> Simex and Nasdaq as I am permanent resident of U.S without time
> limit.....
>
> freeriojerf
