A woman who won $6 million in a state lottery reveals the good, the bad, and the ugly about netting millions of dollars

[ORDER_66]

How is easy is that btw if you are part of Caricom?

shyt i'd go straight to the marina and get the fastest thing smoking outta there...

 

[Caca-faat]

How is easy is that btw if you are part of Caricom?

Easier than getting a US visa, less stringent especially if you are moving to smaller islands like Dominica and you are coming with money. But like I said most people would be moving Parish (the equivalent of a state) rather than island.

 

[Ziggiy]

Didn't name the state but gave her full legal name?

One of the crazy things about when folks get money is how folks who they don't even really rock with come out the woodworks begging. Like who does that?

If someone I don't even really talk to won some money, I wouldn't play myself by all of a sudden trying to be their friend. Where they do that at?

NEVER underestimate the human capacity for greed

 

[UberEatsDriver]

Easier than getting a US visa, less stringent especially if you are moving to smaller islands like Dominica and you are coming with money. But like I said most people would be moving Parish (the equivalent of a state) rather than island.

St. Lucia sounds nice

 

[Nabs]

She did the right thing. She just needs to be real careful with that gambling. It can transform into a disease with the quickness.

 

[O.T.I.S.]

Great article and great interview

Taxes took 50% though

 

[Belize King]

44yrs old with a 29yr old daughter?
And a 13year old grandkid?

At that rate she will be a great grandmother in two years at 46.

Would you knock down that GGIWF?

 

[ThrobbingHood]

is there anyone that ever took the bigger amount over a longer amount of time? and how much larger is the payout?

Yes. He actually filed a lawsuit years later against Morgan Stanley.

Groves — whose identity as the winner first was reported by The Post last week — bought the lucky ticket at the Fordham Grocery and Convenience Store in The Bronx.

“I play Mega every week, and 99 percent of the time I go with the lump-sum [payout option] like everybody else,” Groves said. “This time, I went with the annuity, thinking a little change like that might bring a change of luck.”

“Something just said to me ’26 payments,’ ” recalled Groves, who will get about $4.04 million after taxes annually for the next two-plus decades.

$168M ‘burger’ king

Forget filet mignon — Madison Square Garden laborer Jimmy Groves said “I’m going to go buy a hamburger” after collecting his $168 million Mega Millions lottery prize yesterd…

nypost.com

And has been again: Two people, $168 million Mega Millions winner James Groves and two-time Super Bowl champion Asante Samuel, who earned $57 million in 11 NFL seasons, both invested in a chain of Miami nightclubs. This chain included all of two locations, closed in 2014 and can thus be deemed a bad investment. Luckily for Groves, Samuel and the other 40 pro athletes who made the same or similar mistakes, they did so at the behest of their broker. And because this broker did a lot of bad things like recommend investments in things like Club Play while working for a couple of banks, they get their money back.

https://dealbreaker.com/2019/01/mega-millions-winner-prevails-in-incompetent-bank-lottery

 

[L&HH]

44yrs old with a 29yr old daughter?
And a 13year old grandkid?

This how the cycle goes. She had a first child young at 15. That child also had her first child young at 16.

 

[cauliflower]

She bought two houses at the right time, her grand kids are set for life

 

[T-K-G]

you get over the initial dopamine high of winning millions of dollars and the urge to get stupid with it

In that 6 months all it takes is one person to figure out you won now you and your family is at risk

You can wait that same 6 months out of state somewhere no one knows you, most people would have to dip into their winnings for that.

That's why your post doesn't make sense, that woman's friend immediately starting flapping her gums and she had family coming out of nowhere, who knows what happens if she didn't leave immediately.

And someone can wait six months and STILL fukk up the money once they start spending, your timeline is arbitrary.

 

[Red Money]

S&P 500 (don't think about it invest), IRA, and CDs with current rates around 5% are fool proof. She just needed friendly/knowledge advice that a college finance professor could have told her.


Keep it simple and protect your capital. Treat a few Milly like an early retirement...and try to find another job that doesn't stress you out to keep a steady income etc.

 

[Eternally Jaded]

She's cute, or was at least. Hopefully she's enjoying her life in peace and quiet

 

[concise]

44yrs old with a 29yr old daughter?
And a 13year old grandkid?

And a 13 year old son of her own

 

[Amestafuu (Emeritus)]

Kids, grandkid, uncle, aunty, nephew are set

Nah. They got support to do something. Set means kick back and eat.