Comments on: Even Lottery Winners Feel Financial Crunch http://www.richcreditdebtloan.com/even-lottery-winners-feel-financial-crunch/ Wealth, Leverage, Money, and Cash Flow Mon, 22 Feb 2010 03:59:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: kass demeter http://www.richcreditdebtloan.com/even-lottery-winners-feel-financial-crunch/comment-page-1/#comment-415 kass demeter Sun, 23 Nov 2008 01:15:05 +0000 http://www.richcreditdebtloan.com/?p=366#comment-415 Smart idea. Taking lottery winnings in payments allows the newly megarich a chance to learn how to handle large amounts of money for the first time. Considering that about one in three winners absolutely blows it within five years, it's only in one's own best interest to take it one year at a time and have the security of the guaranteed, life time income. It also backs off the notorious "friends" who feel they deserve a chunk of the winnings. The saddest stories are of those who give generously to loved ones, only to watch them spread it around and get nothing but ingratitude as thanks. "There oughta be a law." It's outrageous that they don't get more help with financial counseling. Smart idea. Taking lottery winnings in payments allows the newly megarich a chance to learn how to handle large amounts of money for the first time. Considering that about one in three winners absolutely blows it within five years, it’s only in one’s own best interest to take it one year at a time and have the security of the guaranteed, life time income. It also backs off the notorious “friends” who feel they deserve a chunk of the winnings. The saddest stories are of those who give generously to loved ones, only to watch them spread it around and get nothing but ingratitude as thanks. “There oughta be a law.” It’s outrageous that they don’t get more help with financial counseling.

]]> By: Ray the Money Man http://www.richcreditdebtloan.com/even-lottery-winners-feel-financial-crunch/comment-page-1/#comment-332 Ray the Money Man Sun, 19 Oct 2008 18:11:28 +0000 http://www.richcreditdebtloan.com/?p=366#comment-332 The annuity may be the way to go for someone who does not trust anyone to give them good advice. I personally will take it all now. What a time to start investing! The annuity may be the way to go for someone who does not trust anyone to give them good advice. I personally will take it all now. What a time to start investing!

]]> By: Writer's Coin http://www.richcreditdebtloan.com/even-lottery-winners-feel-financial-crunch/comment-page-1/#comment-329 Writer's Coin Sat, 18 Oct 2008 22:25:25 +0000 http://www.richcreditdebtloan.com/?p=366#comment-329 This is interesting, but do we know for sure that that's why the winner is choosing the annuity? Maybe they don't trust themselves with that kind of money? Maybe they see it as a way to avoid all the hassles (family asking for money, "friends" asking for loans, etc) that come with having millions of dollars in the bank. Either way, it's interesting how things are changing. This is interesting, but do we know for sure that that’s why the winner is choosing the annuity? Maybe they don’t trust themselves with that kind of money? Maybe they see it as a way to avoid all the hassles (family asking for money, “friends” asking for loans, etc) that come with having millions of dollars in the bank.

Either way, it’s interesting how things are changing.

]]>