Recommended Posts

I remember there was a study done of lottery winners by a lottery winner... he found that out of the 10 winners other than him only 2 still had money. He also came up with a method to make sure to have a lot of money in the future.

This was his plan if you made 1 million...(Remember this is His math not mine and is done from memory)

For the first Five years -- Spend no more than 60,000$ Per Year..(That is 700,000$ collecting interest in that five year period which makes back your 300,00$ you spend during that time and then some)

Through that plan with interest you will have at the end of that Five years 1.3 million.

For the next Five years Spend no more than 80,0000$

Which every five years increase your spending by 20,000$ over what you spent the prior five years but only spend that each subsequent year.

This is how he still has money and money for the future... This winner won in 1994 and the report was done in 2002... I just wish I could remember the guys name. This guy has almost doubled his money by spending this way.

What this boils down to is not spending too much over what a successful person makes in a year... after about 15 years of this living start living like a retired person...

I don't feel sorry for these people except for Bazil Thorne. For the people who win ?1m-?5m that's not a lot of cash, roughly ?20,000-?100,000 per year for 50 years. If you buy a big house your just going to burn through that cash.

Just live your life as normal, not need for flashy cars etc a good computer setup, nice house in a good location and get a lifestyle you can live with. You shouldn't be spending anything near anything over ?2-3m in your lifetime. After settling with your new lifestyle do some good with the cash, don't just donate to charity why not go out there and do some volunteering keep your mind busy.

I think the biggest problem for me would be friends.

imo, one of the big problems that runs in every lottery, is that the big winners are identified on the tv news and in the newspapers. not to mention that they find out that their family and friends want handouts, then when they inevitably go broke, those friends and family usually vanish.

last thing i'd want if i won a truckload of money is my name and face being plastered all over the place letting everyone know that i'm a millionaire.

imo, one of the big problems that runs in every lottery, is that the big winners are identified on the tv news and in the newspapers. not to mention that they find out that their family and friends want handouts, then when they inevitably go broke, those friends and family usually vanish.

last thing i'd want if i won a truckload of money is my name and face being plastered all over the place letting everyone know that i'm a millionaire.

I agree 100%. I would definitely do my best to be one of those winners no one ever heard about. LOL

  • 2 weeks later...

man if could win 3M dollar

would never need to work again in my life , but would do nonetheless :D

would spend around 800k dollar for nice house+car

100K for a fancy marriage rest is acc

the rest 2million would be collecting interests easily could net me around 200K dollar yearly if not more

The end! ;)

If you win the lottery, the best thing to do is:

1. Stay out of the spotlight - Refuse to be on the news, radio or anything that exposes you to a threat and the public.

2. Keep your mouth shut, don't tell anyone, not even your dog.

3. Collect ALL the money and avoid the "yearly" pay B.S.

4. Put ALL the money in the bank. Every single cent. Live off the interest.

5. Do not quit your job just because you have money now. That is dumb and stupid.

6. Don't be too nice and avoid giving everyone you see money. That will leave you bankrupt in the long run.

yeah i would do the same & move out of the country maybe to ireland or england somewhere i know i have no family living

I don't understand how all these people lose it all.

The majority of things you buy, you can then sell on again, like if you bought a house for ?1m you can easily sell that again (I use the word 'easily' loosely), cars you can sell again etc.

The only thing you can't obviously sell when you get hard up again are holidays etc.

So I still fail to see how people lose it all and then become poor again :/

  • 1 year later...

I don't understand why it was written that 'Carroll' a.k.a. King of the Chavs' won the London lottery?

 

There is no such thing as a London lottery.

 

He was a northern bin man living in Norfolk and was very skinny.

 

All he then did do when became rich was eat burgers, so ended up like Elvis.

 

Read here

 

I always thought he purchased a lucky dip.

 

He suddenly got new friends and he would give his new friends ?500 each per day to waste in the arcades.

 

Purchased a farm house purchased and raced cars on it before smashing them up and burning them.

 

If I won the lottery, it would be invested in buying houses where I live and we and my children, partner and I would live off the interest.

 

I would give Salvation Army and Poppy appeal some money and maybe Bernardo's and some education charity some also.

 

If it was a ?1,000,000 half on a house and stuff for house and a holiday and other half put in interest account for going towards living costs.

well if i won the lotto i would still post on here.

nobody would know i won on here :) lol

 

but then again if you won the lotto would you even have time to browse the net???

 

not me i would be busy staying away from people 

  • 2 weeks later...

It's sad that people who know how to live on paltry amounts of money end up screwing up and losing all their winnings so quickly. Article should be called "13 absolute morons".

True.

 

We don't have much to live on here, I pay ?8 per week for two (Tuesday and Friday) Euro Millions and two (Wednesday and Saturday) for lotto, (British Lottery).

 

I played it from 15 November 1995, had 3 numbers four times and four numbers twice.

 

Biggest win was ?98 for the four and Friday on Euro Millions got two numbers an one star which gave me ?5.80, which I used to buy this weeks tickets.

 

I would like to win ?44.444.444.44 as I would know how to wisely invest it.

 

I don't like cars or motor cycles and I have lost interest over the years in National Hunt racing.

 

All I want is a big house, lots of rooms, foster children and make sure my two are made for life.

 

Donate to charities also.

  • 1 year later...

If you win the lottery, the best thing to do is:

1. Stay out of the spotlight - Refuse to be on the news, radio or anything that exposes you to a threat and the public.

2. Keep your mouth shut, don't tell anyone, not even your dog.

3. Collect ALL the money and avoid the "yearly" pay B.S.

4. Put ALL the money in the bank. Every single cent. Live off the interest.

5. Do not quit your job just because you have money now. That is dumb and stupid.

6. Don't be too nice and avoid giving everyone you see money. That will leave you bankrupt in the long run.

A lot of these companies now have contracts that you sign if you want your money, stating you have to do a public interview. 

If I won the lottery, I'd pay off my families debts, setup a college fund for my future kids, my niece, and buy a nice little piece of property for my mother to retire on. I wouldn't quit my job, it'd be my base income to live on. The rest of the money would be put into long term accounts, giving myself a monthly stipend of say $5,000 / month + my current wage. That's about $10,000 a month. I think $10k per month is plenty to live on. Afford a nice place to live, a decent car, and able to do what I want. But I don't gamble, so the chances of me coming into a large set of money, is virtually zilch.

A lot of these companies now have contracts that you sign if you want your money, stating you have to do a public interview. 

If I won the lottery, I'd pay off my families debts, setup a college fund for my future kids, my niece, and buy a nice little piece of property for my mother to retire on. I wouldn't quit my job, it'd be my base income to live on. The rest of the money would be put into long term accounts, giving myself a monthly stipend of say $5,000 / month + my current wage. That's about $10,000 a month. I think $10k per month is plenty to live on. Afford a nice place to live, a decent car, and able to do what I want. But I don't gamble, so the chances of me coming into a large set of money, is virtually zilch.

That's a smart move and I will do the same thing. It's crazy how a guy who won 15.5 millions, wasted in prostitutes and drugs...  :wacko:

If I won a large chunk of money I'd:

 

Set up a portion of the winnings to go to my mom. She's helped me all my life, this would make sure she'd have more to get by on than her meager pension/Social Security.

Buy a nice, but not extravagant house.

Set up some good stable investments so I have some extra income from now on. The house, of course, would count as one of them.

Set up college funds for my 2 godkids.

Once I had all that taken care of and had a feel for my new budget, then I'd have a little fun. A Mustang, maybe a trip to Ireland. I'd certainly enjoy my winnings, but with some restraint.

I probably wouldn't quit my job, since I like where I work.

This topic is now closed to further replies.
  • Posts

    • Stellarium 26.2 by Razvan Serea Stellarium is a free open source planetarium for your computer. It shows a realistic sky in 3D, just like what you see with the naked eye, binoculars or a telescope. It is being used in planetarium projectors. Just set your coordinates and go. Stellarium key features: Realistic simulation of the sky, sunrise and sunset Default catalogue of over 600,000 stars Downloadable additional catalogues for up to 210 million stars Catalog data for all New General Catalogue (NGC) objects Images of almost all Messier objects and the Milky Way Artistic illustrations for all 88 modern constellations More than a dozen different cultures with their constellations Solar and lunar eclipse simulation Photorealistic landscapes (more are available on the website) Scripting support with ECMAScript (a few demo scripts are included) Extendable with plug-ins: 8 plug-ins installed by default, including: artificial satellites plug-in (updated from an on-line TLE database) ocular simulation plug-in (shows how objects look like in a given ocular) Solar System editor plug-in (imports comet and asteroid data from the MPC) telescope control plug-in (Meade LX200 and Celestron NexStar compatible) The major changes of this version: Added new sky culture Added new plugin: Planes Many improvements in plugins Many improvements in Core and GUI Many updates in sky cultures. [full release notes] Download: Stellarium 26.2 (64-bit) | 456.0 MB (Open Source) View: Stellarium Home Page | Other Operating Systems | Screenshot Get alerted to all of our Software updates on Twitter at @NeowinSoftware
    • NASA: This asteroid may not kill us but it probably won't be far off either by Sayan Sen Image by Zelch Csaba via Pexels New observations by NASA's James Webb Space Telescope have eliminated the last remaining impact threat posed by asteroid 2024 YR4, ruling out the possibility that the near-Earth object could strike the Moon in December 2032. NASA said observations collected by Webb on February 18 and 26, 2026, enabled scientists to refine the asteroid's orbit enough to "rule out a chance of lunar impact on Dec. 22, 2032." Instead, asteroid 2024 YR4 is now expected to pass the Moon at a distance of about 13,200 miles (21,200 km). The agency stressed that the update "reflects improved precision in our understanding of where the asteroid is expected to be in 2032 rather than a shift in its orbital path." The announcement closes a remarkable chapter in planetary defence that began in late 2024, when the approximately 60-metre-wide asteroid briefly became the most closely watched near-Earth object in the world. Discovered on December 27, 2024, by the ATLAS telescope in Chile, 2024 YR4 initially appeared to have a small chance of colliding with Earth on December 22, 2032. As astronomers gathered more observations, the impact probability briefly climbed to around 3%—the highest ever recorded for an asteroid of its size—before steadily falling as its orbit became better understood. By early 2025, international observations had ruled out any significant risk to Earth. However, astronomers were left with another possibility: a roughly 4% chance that the asteroid could instead strike the Moon. "The probability that asteroid 2024 YR4 will strike the Moon on 22 December 2032 is now approximately 4%," the European Space Agency (ESA) had said last year, noting that "there is a 96% chance that the asteroid will not impact the Moon." ESA said such an impact, while unlikely, would have presented an extraordinary scientific opportunity. "It is a very rare event for an asteroid this large to impact the Moon – and it is rarer still that we know about it in advance. The impact would likely be visible from Earth, and so scientists will be very excited by the prospect of observing and analysing it," said Richard Moissl, Head of ESA's Planetary Defence Office. "It would certainly leave a new crater on the surface. However, we wouldn't be able to accurately predict in advance how much material would be thrown into space, or whether any would reach Earth," he added. The asteroid also exposed an important blind spot in planetary defence. Because 2024 YR4 approached Earth from the direction of the Sun, it remained hidden from ground-based telescopes until after its closest approach. "We looked into how Neomir would have performed in this situation, and the simulations surprised even us," Moissl said. "Neomir would have detected asteroid 2024 YR4 about a month earlier than ground-based telescopes did. This would have given astronomers more time to study the asteroid's trajectory and allowed them to much sooner rule out any chance of Earth impact in 2032." He added, "As an infrared telescope, like Webb, Neomir would have also immediately given us a much better estimate for the asteroid's size, which is very important for assessing the significance of the hazard." The latest NASA observations underscore the value of space-based infrared telescopes in tracking faint asteroids. According to NASA, Webb made "among the faintest ever observations of an asteroid," extending the object's observational record by nearly eight months at a time when it had become too faint for other telescopes. That additional data allowed scientists to eliminate the remaining uncertainty surrounding its 2032 flyby. Although asteroid 2024 YR4 is now confirmed to pose no threat to either Earth or the Moon, scientists say its discovery remains one of the most significant real-world tests of the international planetary defence system, demonstrating how continued observations can rapidly transform an object once considered hazardous into one whose future path is known with high confidence. Source: NASA, ESA This article was generated with some help from AI and reviewed by an editor. Under Section 107 of the Copyright Act 1976, this material is used for the purpose of news reporting. Fair use is a use permitted by copyright statute that might otherwise be infringing.
    • Yup. Google is just scraping the entire internet for their own ad profits without sharing revenue with the sources. It's obviously stealing, but since these sites depend upon Google's search scraps to survive... As for me, I just stopped using Google for anything except Reddit searches. If Reddit's own search wasn't complete crapola, I'd never use Google search again.
  • Recent Achievements

    • Conversation Starter
      Admir earned a badge
      Conversation Starter
    • First Post
      The_Focal_Point earned a badge
      First Post
    • Apprentice
      daryld went up a rank
      Apprentice
    • Contributor
      Carltonbar went up a rank
      Contributor
    • One Month Later
      The_Focal_Point earned a badge
      One Month Later
  • Popular Contributors

    1. 1
      +primortal
      418
    2. 2
      +Edouard
      170
    3. 3
      PsYcHoKiLLa
      130
    4. 4
      Xenon
      69
    5. 5
      neufuse
      69
  • Tell a friend

    Love Neowin? Tell a friend!