TIP: Click on subject to list as thread! ANSI
echo: crossfire
to: Bob Ackley
from: Sean Dennis
date: 2008-12-29 00:31:08
subject: Get in on it!

-=> Quoting Bob Ackley to Tom Walker <=-

 BA> and had lived  there all his life except
 BA> for service in WW II, had to sell the place and move away because of
 BA> all the people who were making their way down to see him with their sob
 BA> stories and begging for money.

I have a friend who won about $5 million, after taxes, from the Texas
Lottery.  He immediately went and saw a "lottery wealth manager" who
said this to him:

 - Tell the lottery that you do not want your winnings publicized.
 - Do not tell anyone that you've won the lottery.
 - Go about your business like nothing's changed.
 - Invest your money (friend got a lump sum) wisely and don't splurge
 immediately.

Personally, I think the lottery is a tax on the stupid, but the advice
seemed to work as my friend is still quite wealthy and quite sane.  He
does live in a nice (but not opulant) house, a good car and he still
works.

He said he'll spend the money when he has time to really enjoy it.  His
kids have college funds (that he administers; when they get old enough
to use it, he still has to approve all funds spent).  I think it's more
of the peace of mind that he has.

I've read about many a person who's ruined themselves because of the
lottery.

Later,
Sean

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