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

[SheWantTheD]

Good for her.

She should have taken the annual payments though.

 

[JayStarwind]

Great article and great interview

Taxes took 50% though

Yup. As soon as she won she entered into the highest tax bracket so 37% of her winnings are gone. Then depending on where she won, you'd have to factor in state and other taxes too.

 

[Ziggiy]

Yea, I'd move to Phoenix and do the same while continuing working remote.

Why Phoenix specifically?


I’ve never really heard much about Phoenix except its crazy hot in the summer.

 

[Ziggiy]

Good for her to being wise

Only mistake is even telling your friend and your daughter

And people get mad at jay for not giving a cousin $4,800…

The begging won’t stop

The daughter wasn’t the one springing leaks it was the friend. And she brought the daughter the second house for her and her grandchild so it makes sense to inform the daughter.

 

[Peter Popoff]

Why Phoenix specifically?


I’ve never really heard much about Phoenix except its crazy hot in the summer.

It's laid back, nice place to retire, affordable and on the Westcoast outside but near all the activity. I would drive to Seattle to visit my cousin or Cali to visit my "future" brother in law or could drop into Vegas.

Proximity and cost of living I guess.

 

[IsThatBrothaMouzone?]

Honestly, $3M would be nice but no one except my momma and wife would know....maybe the MiL too because she's cool as fukk.

I'd keep my job because it's telecommute and pays well with good benefits. Buy a house, keep my current car that's basically paid off (only owe $3k) and buy a Corvette. Mom...whatever she wants wouldn't cost much. MiL and FiL are cool, they'd just want to vacation to a couple of spots like the Bahamas.

That's "life enhancing" money, not "life changing" money. You gotta get around $25M to really be life changing. Enough where you can spoil yourself on lavish shyt and STILL have a lot of money.

 

[head shots101]

She did absolutely right on ALL ACCOUNTS. Smart woman and I wish her the best.



It still fukks me up the story of the young breh in his early 20’s who won like 150K and went back to his old hood and tried to be generous and buy toys for neighborhood kids and food for struggling families and muthafukkas burst into his house and murdered him IN FRONT of his kids.


Thats part of the reason why i’d do EXACTLY what this woman did, i’m leaving the state and more than likely the country. Buying my mother a house and car. Setting up a college fund for my daughter. Breaking off my siblings a ONE TIME payment and my two best friends a smaller ONE TIME payment and then i’m going ghost. Only way someone would be able to reach me is through email. And most of that shyt i’d send to spam.

Link ?

 

[Ziggiy]

Link ?

https://www.the-sun.com/news/7950359/lotto-winner-killed-rule-change-georgia/amp/

They murdered him because they were jealous he was giving kids in the hood Christmas presents

 

[Sterling Archer]

I feel like you should sit and not spend a dime for 6 months to a year then outside of bouncing town.


Organize your long term goals and righten your mental

She got a financial advisor immediately. She did everything she reasonably should have done. You are posting like you didn’t read the article. She has long term planning set up.

 

[Sterling Archer]

They are in a good position but set for life? Nope, not even close. Her kid and grandkids still gotta have some hustle even if they get a piece of the remainder of investments.

Hopefully they got health insured and homes insured. Stretch the money and don't blow it and they will be relatively comfortable but the money has to keep working or they work themselves. 2 milli plus change won't last 3 generations lives without fine planning.

If she’s invested and secured like the article reads, plus seems to live modestly then she’s 100% set for life. Not generationally, but she’s set herself if her habits don’t change. $6mm should definitely last 40yrs.

 

[Saysumthinfunnymike]

I'mma tell you right now. If I won the lottery good luck to anyone finding my new cell number.

 

[Anbesa]

6 million is nothing. she thinks she’s special.

 

[JayStarwind]

Honestly, $3M would be nice but no one except my momma and wife would know....maybe the MiL too because she's cool as fukk.

I'd keep my job because it's telecommute and pays well with good benefits. Buy a house, keep my current car that's basically paid off (only owe $3k) and buy a Corvette. Mom...whatever she wants wouldn't cost much. MiL and FiL are cool, they'd just want to vacation to a couple of spots like the Bahamas.

That's "life enhancing" money, not "life changing" money. You gotta get around $25M to really be life changing. Enough where you can spoil yourself on lavish shyt and STILL have a lot of money.

I start to play when it gets in the 100s. I just want enough to break my family off and see the world.

You must love your job

 

[ThrobbingHood]

I’m happy for his woman but she doesn’t seem to make the best decisions in life.

• Had her daughter at 15.
• Her daughter ended up being a single teenage mother too.
• Still gambles despite winning.
• Told her friend that she won despite being anonymous.
• Posted a picture of herself (why?) after moving states.
• Still gambles today.

Not hating but the best decision she made was through gambling, and that was pure luck. I hope she doesn’t end up in a 360 position again but 3 million is pretty easy to blow through.

 

[O.T.I.S.]

Yup. As soon as she won she entered into the highest tax bracket so 37% of her winnings are gone. Then depending on where she won, you'd have to factor in state and other taxes too.

Bruhhhhhhhhh

For what?

How do you make money off someone elses winning in this life