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My Life has not changed as of yet.....but there have been a lot of HATERATION GOING ON....ugggggh!!!

you can give it to me and save yourself the heartache. Quit whining.

Lostboy saidyou can give it to me and save yourself the heartache. Quit whining.

That is true.......but where would that leave me?

where you were before

I'm still going for the jackpot.

Rawrly saidYou can pay my mortgage if you want but I don't think the check has the cheddar I need ;)

DAMN YOU MUST HAVE A HELL OF A MORTGAGE...LOL!! YIKES...

theantijock saidNo idea why you put gift is in quotes but you can gift anyone up to $13k/year or up to $1mm/lifetime tax free. You pay tax on amounts over those limits.

The first thing you should do is seek counsel of a lawyer, an accountant and a financial manager if you are not familiar with these things. You can also study the matter yourself but think before you act. The second thing you should do is stop telling people how much money you have. It is both gauche and dangerous. The third thing you should do is stop discussing your lottery winnings on a forum where so many others have lost their jobs and their savings to the Great Recession.

But now that you are in such good financial shape, perhaps you have enough to help friends and family who have been recently hard hit. In doing so, however, do not put yourself at risk.

Some more appropriate forums for your decision making processes:

http://www.bogleheads.org/

http://www.fatwallet.com/forums/

http://socialize.morningstar.com/NewSocialize/forums/default.aspx

Yup, qft.

brandohsaurus saidI'm still going for the jackpot.

I hear ya there....

the antijock is giving you great advise !!! I'll add, live pretty much as you did before and don't make a lot of quick decisions. (only go into the funds if your current situation is financially destitute) Be cautious about acquireing an attorney too !!! they are attorney's to make money, only get one for tax/investment purposes. I'd deposit your funds in a safe 'liquid' account so once you make a dicision about investments you can quickly transfer the funds. YOU OWE NO-ONE ANY GIFTS !!!! If the people around you start inferring that you do owe them, disconnect from them cause they weren't a true friend anyway. Good luck to you !!!

realifedad said the antijock is giving you great advise !!! I'll add, live pretty much as you did before and don't make a lot of quick decisions. (only go into the funds if your current situation is financially destitute) Be cautious about acquireing an attorney too !!! they are attorney's to make money, only get one for tax/investment purposes. I'd deposit your funds in a sage 'liquid' account so once you make a dicision about investments you can quickly transfer the funds. YOU OWE NO-ONE ANY GIFTS !!!! If the people around you start inferring that you do owe them, disconnect from them cause they weren't a true friend anyway. Good luck to you !!!

Thank you so much kind Sir.....I have yet to do anything, I am really just looking for good solid advice..... and that is why I posted this, because I know that good advice can be found on numerous platforms.... Thank you again, it is much appreciated.

Congratulations!

If I had won the lottery i sure as hell would NOT tell folks about it on the Internet. You can now expect thieves and hackers to come your way - assuming you are telling the truth.

Congratulations. And the hateration is expected. People you haven't talked to in months and Sundays decides to apologize and kiss your ass. People suck.

Hey man,

Congratulations! You've gotten some sound advise here. You must delete this posting after you've found what you need.

And it's true, you don't owe anyone (except maybe your mother, if she has been good to you) anything.

Please keep this to yourself and THINK before acting on this.

MANY lottery winners become destitute ( poor as hell ) after the first year of winning due to bad decision making.

Best wishes on your new life!!!

Please be wise.

cowboyathlete saidIf I had won the lottery i sure as hell would NOT tell folks about it on the Internet. You can now expect thieves and hackers to come your way - assuming you are telling the truth.

It is true and I am not really worried about getting hacked bro...but I thank u for the advice none the less and it does not go unwarranted....

I live in Iowa, where same sex marriage is legal...so if you feel like getting hitched I'm available. Just a thought....

Balljunkie saidCongratulations. And the hateration is expected. People you haven't talked to in months and Sundays decides to apologize and kiss your ass. People suck.

Well let them kiss your ass and let them suck you.... there's nothing wrong with that

first of all, congratulations.

personally I think I'd have kept pretty quiet if I won, to avoid a lot of fuss and just tell my closest friends and family.

if you feel like doing something for the people you love, that's only natural, but like someone said, you really don't owe it to anyone (unless you do owe someone LOL).

I think I'd make an event/party for friends and family and let them know that'll be their "gift". hire a band, get some good food, celebrate in style (it'll still be a relatively small amount of money spent).
let them have something like that... and maybe a bit bigger christmas presents this year.

OR, you can tell them you just payed off your debts and gave the rest to the poor (whether you did or not)

I´m poor.

Make checks payable to L. Boy

Probably too late to tell you now. But you should have claimed your winnings as an LLC or a trust. I think there are quite a few advantages to this, but the main ones are.. it reduces your overall tax liabilities and it's possible to claim your winnings without revealing your identity.

Generally speaking, if you ever win any large sums of money, you should consult with a lawyer that specializes in this sort of thing.

xrichx saidProbably too late to tell you now. But you should have claimed your winnings as an LLC or a trust. I think there are quite a few advantages to this, but the main ones are.. it reduces your overall tax liabilities and it's possible to claim your winnings without revealing your identity.

Generally speaking, if you ever win any large sums of money, you should consult with a lawyer that specializes in this sort of thing.

I have hired an Attorney.....I was more so concerned about the relationships with others.......You know what I mean..... I am do appreciate your advice honestly..I guess I am more worried about how to deal with my relations with others.....

Can you afford to turn ALL CAPS off now?

andymatic saidCan you afford to turn ALL CAPS off now?

LOL!! I think so, but sometimes it is still necessary.....

Tripsta357 saidNow that I have won money on the State Lottery!!.....Does this mean that ALL my relationships will change dramatically with my FAMILY, BF and FRIENDS, because I am not willing to let them tell me who should or should not receive a GIFT from me......

Hi my new friend. How are you doing? Since we are now friends can you give me some of that money

Congrats Mr. Lucky

Congrats! But is this an advertisement or a serious question? There are some amazing men on here, but I honestly would never put it on any public forum if I was looking to get solid advice. Lawyer first.

Tripsta357 saidMy Life has not changed as of yet.....but there have been a lot of HATERATION GOING ON....ugggggh!!!

Maybe you can go back to school now that you can afford it and so you don't become one of those uneducated idiots with lots of money and a big mouth.

Tripsta357 said
I have hired an Attorney.....I was more so concerned about the relationships with others.......You know what I mean..... I am do appreciate your advice honestly..I guess I am more worried about how to deal with my relations with others.....

I think we've all read previous stories about lottery winners, and they're usually not good. If you already have a strong relationship with your family and friends, then I don't think you have much to worry about.

Just pretend that you didn't win the lottery. Imagine that all that money is your retirement fund, and not an excuse to go a spending spree. If you start throwing your money around, the people around you will either be jealous or will be standing in line to get a piece. If you're frugal and logical with your money, then people will leave you alone.

I wouldn't go around telling many people you won.

First congrats, second live your life like you never won the lottery.

What do I mean?
Basically, don't change. - Don't become a snob, look down on people or buy to many trendy or silly things that waste money and give you little personal reward just to show off wealth.

Do these things:
Pay down debts - maybe not all but some
Get your money working for you - ie - making you more money.
- Maybe gold, dividend stocks, bonds
Consider - using the money earned as money to live off of, donate and share
(ie - If $1,000,000 earned $70,000 in year - you try to live off of $70K)

This allows you to keep your winnings and build on your fortune.

Reward yourself
Have some fun - if there was something you have wanted to do, a trip, a car etc... Well consider taking 1-2% of winnings and doing it.

How to deal with the "You have money so now you can help me"
Learn to say no (will be hard)
Assist but don't give and consider asking them to pay you back
Change friends, if all they want is to be part of the party then they aren't a real friend. You may need to make new friends that don't see you as a meal ticket.

Last - Stay grounded
Keep working or volunteer time to a non-profit organization where your time and effort benefits other. (PS - Don't tell them you have money if you volunteer)

Congrats and good luck

My dear i know what you mean,
My grandmother left loads of property and money,and let me tell you, my family members changed overnight...NOW all of a sudden everyone wants me[the gay one] to be their babies godfather,i asked before the money came but my requests fell on deaf ears..... My friends havnt changed and they've been my rock....
So, hold on tight my friend, the less people know about you good fortune the better.......Get yourself a damn good accountant and attorney...

Money changes everything.

Every charity, every friend, every distant (and close) relative, and everybody you can't remember every knowing, will come out of the woodwork with their outstretched hands.
Be especially wary of the ones who ask for a "loan."

Usually, the immediate urge is to blow it on "everything I ever wanted."
Many lottery winners end up poorer than they were before they won.

I think it would be a good idea to do nothing for a few months, while you get over the shock of suddenly having a large amount of money.
Then, I'd make sensible long term investments, like real estate.
There will probably be no better time than right now to buy real estate.

Man if I won the lottery I wouldn't change a bit. I already fucking hate everyone I meet so it's not like I can hate MORE than everyone.

If I won the lottery no one and I mean no one would find out. I would keep it a secret, except for my parents and sister. I would also go to attorney and set up a trust and have him/her go claim the prize money for the trust. Believe me this is not information you want to give out. If people find out you are wealthy they will do anything they can to screw you out of it. Money changes people and there have been a lot of horror stories from people that have won.

zack322222 saidIf I won the lottery no one and I mean no one would find out. I would keep it a secret, except for my parents and sister. I would also go to attorney and set up a trust and have him/her go claim the prize money for the trust. Believe me this is not information you want to give out. If people find out you are wealthy they will do anything they can to screw you out of it. Money changes people and there have been a lot of horror stories from people that have won.

A'men!

Ditto above!

Rodmramer saidIf you won the lottery, keep your mouth shut and go on your normal business. Give the money to charity and don't tell your family about your winning....

this is what i was going to suggest, too.

also: consider that many people experience post traumatic stress disorder after winning the lottery (if it's sizeable enough to put you in a position to never need to work again). in addition to your lawyer, consider getting a therapist lined up and ready, so that when the consequences of this begin coming home to roost you will have a safety net ready. you don't want to blow through your winnings and end up far worse off than you were before you won!

Congratulations for sure. Remember your parents, (as long as they weren't as bad as GG's). Be kind to your siblings, (again as long as they weren't as bad as some). Follow your financial advisers advice for sure and remember to have some fun...

JakeBenson saidMan if I won the lottery I wouldn't change a bit. I already fucking hate everyone I meet so it's not like I can hate MORE than everyone.

hahaha.... Id like to say youre awesome but it would go straight to your head.

Top 10 Lottery Horror Stories

Not lottery-ticketsvery many people win the lottery, but of those who win, many lose all their winnings and end up with less money than before they won. Some winners were simply foolish, some were greedy, some had greedy relatives and friends, and some fell prey to thieves and crooks. Here are the stories of 10 people who won the lottery then lost it all.

#1 Evelyn Adams

In 1985 AND 1986, Evelyn Adams won the lottery - equaling a total winning of $5.4 million. However, today - she has no money “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. She lost money in slot machines, and couldn’t seem to say no to relatives and friends. Evelyn’s big win ended in a big loss.

#2 William Post

In 1988, William Post won $16.2 million in the Pennsylvania lottery but now lives on his Social Security. Post’s former girlfriend sued him for a share of his winnings and one of his brothers was arrested for hiring a hit man to kill him, hoping to inherit a share of the winnings. His relationship with his other siblings was also strained and he spent some time in jail. Within a year, he was $1 million in debt and eventually declared bankruptcy. He now lives on only $450 a month and food stamps.

#3 Suzanne Mullins

In 1993, Suzanne Mullins won $4.2 million in the Virginia lottery. Now she’s deeply in debt to a company that lent her money using the winnings as collateral. She borrowed $197,746.15 from this company, but eventually 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. Needless to say, her lottery win did not end in happiness.

#4 Ken Proxmire

Ken Proxmire won $1 million in the Michigan lottery. Within 5 years he filed for bankruptcy after moving to California and starting a car business with his brothers. He has now returned to his job as a machinist.

#5 Willie Hurt

In 1989, Willie Hurt of Lansing, Mich., won $3.1 million. Only two years later he was broke and charged with murder after spending his fortune on a divorce and crack cocaine.

#6 Janite Lee

In 1993, Janite lee of Missouri won $18 million. Lee was generous to a variety of causes, including various political organizations, education programs and the community services. According to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left.

#7 Southeastern Family

In the early 1990s, a Southeastern family won $4.2 million. In almost no time at almost all of their winnings were spent on a huge house, cars, and various requests from family members. They bought a huge house and succumbed to repeated family requests for help in paying off debts. Eleven years after winning, the couple got divorced, the house was sold and what was left of their lottery winnings had to be split.

#8 Kenneth and Connie Parker

Kenneth and Connie Parker won a $25 million jackpot and quickly watched their 16-year marriage disintegrate just months after they became rich beyond their wildest dreams.

#9 Jeffrey Dampier

Jeffrey Dampier won a $20 million jackpot and was then kidnapped and murdered by his own sister-in-law who hoped to inherit the winnings.

#10 Jack Whittaker

On Christmas morning 2002, Jack Whittaker found out he had won the Powerball lottery jackpot - $315 million - the largest individual payout in US lottery history. Though he began with intentions to do good with his winnings, his world quickly fell apart with the death of his granddaughter Brandi from a drug overdose which was funded by her allowance from Whittaker and the breakup of his marriage. Whittaker did give money to churches and to people who were in need but was soon bombarded with lawsuits, thievery and greed. He turned to drinking as he watched what he called the “powerball curse” destroy his life.

These 10 stories are evidence that winning the lottery isn’t always what it’s cracked up to be. If you win the lottery, make sure to get a financial advisor and be smart about your winnings. Winning the lottery can be exciting and fun and can change your life for the better, as long as you handle it well!

Not very many people win the lottery, but of those who win, many lose all their winnings and end up with less money than before they won. Some winners were simply foolish, some were greedy, some had greedy relatives and friends, and some fell prey to thieves and crooks. Here are the stories of 10 people who won the lottery then lost it all.

Congrats Babe..I play the 5 dollar scratch offs in NYS a lot and have never won more than 100 bucks.UGH.What I would not do for 500,000 grand!What peace of mind that would give me.Good Luck and spend the money wisely handsome

i know how you feel, iI won $10 on my 6/49 ticket a few weeks ago... god, the pressure!

Rodmramer said
Top 10 Lottery Horror Stories

Not lottery-ticketsvery many people win the lottery, but of those who win, many lose all their winnings and end up with less money than before they won. Some winners were simply foolish, some were greedy, some had greedy relatives and friends, and some fell prey to thieves and crooks. Here are the stories of 10 people who won the lottery then lost it all.

#1 Evelyn Adams

In 1985 AND 1986, Evelyn Adams won the lottery - equaling a total winning of $5.4 million. However, today - she has no money “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. She lost money in slot machines, and couldn’t seem to say no to relatives and friends. Evelyn’s big win ended in a big loss.

#2 William Post

In 1988, William Post won $16.2 million in the Pennsylvania lottery but now lives on his Social Security. Post’s former girlfriend sued him for a share of his winnings and one of his brothers was arrested for hiring a hit man to kill him, hoping to inherit a share of the winnings. His relationship with his other siblings was also strained and he spent some time in jail. Within a year, he was $1 million in debt and eventually declared bankruptcy. He now lives on only $450 a month and food stamps.

#3 Suzanne Mullins

In 1993, Suzanne Mullins won $4.2 million in the Virginia lottery. Now she’s deeply in debt to a company that lent her money using the winnings as collateral. She borrowed $197,746.15 from this company, but eventually 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. Needless to say, her lottery win did not end in happiness.

#4 Ken Proxmire

Ken Proxmire won $1 million in the Michigan lottery. Within 5 years he filed for bankruptcy after moving to California and starting a car business with his brothers. He has now returned to his job as a machinist.

#5 Willie Hurt

In 1989, Willie Hurt of Lansing, Mich., won $3.1 million. Only two years later he was broke and charged with murder after spending his fortune on a divorce and crack cocaine.

#6 Janite Lee

In 1993, Janite lee of Missouri won $18 million. Lee was generous to a variety of causes, including various political organizations, education programs and the community services. According to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left.

#7 Southeastern Family

In the early 1990s, a Southeastern family won $4.2 million. In almost no time at almost all of their winnings were spent on a huge house, cars, and various requests from family members. They bought a huge house and succumbed to repeated family requests for help in paying off debts. Eleven years after winning, the couple got divorced, the house was sold and what was left of their lottery winnings had to be split.

#8 Kenneth and Connie Parker

Kenneth and Connie Parker won a $25 million jackpot and quickly watched their 16-year marriage disintegrate just months after they became rich beyond their wildest dreams.

#9 Jeffrey Dampier

Jeffrey Dampier won a $20 million jackpot and was then kidnapped and murdered by his own sister-in-law who hoped to inherit the winnings.

#10 Jack Whittaker

On Christmas morning 2002, Jack Whittaker found out he had won the Powerball lottery jackpot - $315 million - the largest individual payout in US lottery history. Though he began with intentions to do good with his winnings, his world quickly fell apart with the death of his granddaughter Brandi from a drug overdose which was funded by her allowance from Whittaker and the breakup of his marriage. Whittaker did give money to churches and to people who were in need but was soon bombarded with lawsuits, thievery and greed. He turned to drinking as he watched what he called the “powerball curse” destroy his life.

These 10 stories are evidence that winning the lottery isn’t always what it’s cracked up to be. If you win the lottery, make sure to get a financial advisor and be smart about your winnings. Winning the lottery can be exciting and fun and can change your life for the better, as long as you handle it well!

Not very many people win the lottery, but of those who win, many lose all their winnings and end up with less money than before they won. Some winners were simply foolish, some were greedy, some had greedy relatives and friends, and some fell prey to thieves and crooks. Here are the stories of 10 people who won the lottery then lost it all.

Morale of the story- Life is a freaking bitch!!!!!!!!!!!!!!!

People won the freaking lotttery who should never have won it obviously!!!!!!!!

Blondizgd> People won the freaking lotttery who should never have won it obviously!!

If that doesn't prove that there are no gods....


Then there's the story of Hugo/Hurley Reyes (on Lost)....

Caesarea4 saidBlondizgd> People won the freaking lotttery who should never have won it obviously!!

If that doesn't prove that there are no gods....


Then there's the story of Hugo/Hurley Reyes (on Lost)....

It could be that the gods have twisted sense of humor

Yup. "The gods must be crazy".

RST2009 said

JakeBenson saidMan if I won the lottery I wouldn't change a bit. I already fucking hate everyone I meet so it's not like I can hate MORE than everyone.

hahaha.... Id like to say youre awesome but it would go straight to your head.

Oh don't worry. I know I'm a total failure.

JakeBenson said

RST2009 said

JakeBenson saidMan if I won the lottery I wouldn't change a bit. I already fucking hate everyone I meet so it's not like I can hate MORE than everyone.

hahaha.... Id like to say youre awesome but it would go straight to your head.

Oh don't worry. I know I'm a total failure.

That is to funny....

xassantex saidi know how you feel, iI won $10 on my 6/49 ticket a few weeks ago... god, the pressure!

That is Hilarious..