Comments on: Lottery Numbers Higher Even In Down Economy http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jay http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-38550 jay Sun, 28 Feb 2010 02:56:44 +0000 http://frugaldad.com/?p=1225#comment-38550 I hit four numbers and powerball a few years ago. Ten K was the prize, 6400 after taxes. For me it was simple, pay off my winter heat bill, a semester of college for my daughter and a few toys for myself, an electric guitar and camcorder. I have often imagined what if, multiplied by 1000 or 100, I would have had at most $5oo,ooo to work with....as a former daytrader, college graduate and seasoned "boomer", I will not have a problem with $100,000 or $100,000,000. Bonds, Real Estate, unlisted phone number and most important withhold from the public your good fortune as long as possible....also private security for you kids and maybe a new Pickup truck for yours truly and last, a wee bit bigger rock for my Wifey's finger....Yes, I still buy Powerball and Megabucks, the amount varies, it is tax deductible. If you don't play you cannot play the game. j I hit four numbers and powerball a few years ago. Ten K was the prize, 6400 after taxes. For me it was simple, pay off my winter heat bill, a semester of college for my daughter and a few toys for myself, an electric guitar and camcorder.
I have often imagined what if, multiplied by 1000 or 100, I would have had at most $5oo,ooo to work with….as a former daytrader, college graduate and seasoned “boomer”, I will not have a problem with $100,000 or $100,000,000. Bonds, Real Estate, unlisted phone number and most important withhold from the public your good fortune as long as possible….also private security for you kids and maybe a new Pickup truck for yours truly and last, a wee bit bigger rock for my Wifey’s finger….Yes, I still buy Powerball and Megabucks, the amount varies, it is tax deductible. If you don’t play you cannot play the game. j

]]> By: ShhBrad http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-19479 ShhBrad Wed, 04 Mar 2009 22:56:34 +0000 http://frugaldad.com/?p=1225#comment-19479 I think it's funny how so many people call lottery "the stupid tax." Do some research. SOMEONE is winning lottery money every day. The last Powerball draw had TWO jackpot winners, and TWO $200,000 winners. You can find HUNDREDS of stories all over the web about people who have won the jackpot, or some other lare sum. There are usualy several 2nd place winners with each Powerball or Mega Millions drawing. SOMEONE is winning those jackpots. Tell them it's a pipe dream or a stupid tax. I think it’s funny how so many people call lottery “the stupid tax.”

Do some research.

SOMEONE is winning lottery money every day. The last Powerball draw had TWO jackpot winners, and TWO $200,000 winners.

You can find HUNDREDS of stories all over the web about people who have won the jackpot, or some other lare sum. There are usualy several 2nd place winners with each Powerball or Mega Millions drawing.

SOMEONE is winning those jackpots.

Tell them it’s a pipe dream or a stupid tax.

]]> By: –› A White House Blog, Mortgage Rates, Taxes, and More! http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-17322 –› A White House Blog, Mortgage Rates, Taxes, and More! Tue, 03 Feb 2009 17:56:55 +0000 http://frugaldad.com/?p=1225#comment-17322 [...] Lottery Numbers Higher Even In Down Economy [...] [...] Lottery Numbers Higher Even In Down Economy [...]

]]> By: Jerry http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-16967 Jerry Thu, 29 Jan 2009 23:27:56 +0000 http://frugaldad.com/?p=1225#comment-16967 Wow when I read this story I thought how LAME can someone be ( the person writing the story ) I mean sure not everyone is smart with there money that's why there's so many poor people out there.And if there is that person spending $80 bucks a week with a wife & kids living paycheck to paycheck he needs help, but what happens when he puts the money into stocks and it goes down or someone steals it from him like the guy in new york, what's he to do then??? Not everyone will have YOUR best interest at heart that's why YOU as a WINNER need the say NO,NO,NO For those people who say MONEY can't or doesn't buy you happyness are 1.) either HAD money and made bad choices or 2.) does not know how to handle money and are afraid of money itself. If / when you hit a lottery or any BIG amount of money ( and for me a big amount is more then $5 million ) the FIRST thing you have to KNOW and say it alot to family, friends and yes even CHARITIES!!!! Sure helping family & friends is great but you have to know that it's a ONE TIME THING and when they come back ( trust me they will ) say NO, NO, NO, NO and even NO again if they are true friends they won't even ask you for anything after you help them the first time. I play the lottery all the time and no I don't have the money and yes for now I live paycheck to paycheck but I always keep the right mind set " I WILL WIN " and I know when I do win there will be TAXES taken out ( good thing I live in FL no state income tax ) and I will help family & friends ( good thing I don't have alot of friends ) the biggest thing is even with out having alot of money I know how to handle it, how you might ask I know how to say NO, NO I'm not going to be like the person who “I would give away the majority of the money, minus enough to pay off my debts and those of close loved ones. As the saying goes, “more money, more problems.” And I sure don’t need 100 million new ones!” please if you had it you wouldn't do it, Another thing I have always said " it onlt take ONE ticket to win & I only have to WIN once " You have to know if you win $1 million dollars it doesn't mean your a millionair it means you have about $4ook to $570k because there are taxes to be paid... Wow when I read this story I thought how LAME can someone be ( the person writing the story ) I mean sure not everyone is smart with there money that’s why there’s so many poor people out there.And if there is that person spending $80 bucks a week with a wife & kids living paycheck to paycheck he needs help, but what happens when he puts the money into stocks and it goes down or someone steals it from him like the guy in new york, what’s he to do then??? Not everyone will have YOUR best interest at heart that’s why YOU as a WINNER need the say NO,NO,NO

For those people who say MONEY can’t or doesn’t buy you happyness are 1.) either HAD money and made bad choices or 2.) does not know how to handle money and are afraid of money itself. If / when you hit a lottery or any BIG amount of money ( and for me a big amount is more then $5 million ) the FIRST thing you have to KNOW and say it alot to family, friends and yes even CHARITIES!!!!

Sure helping family & friends is great but you have to know that it’s a ONE TIME THING and when they come back ( trust me they will ) say NO, NO, NO, NO and even NO again if they are true friends they won’t even ask you for anything after you help them the first time.

I play the lottery all the time and no I don’t have the money and yes for now I live paycheck to paycheck but I always keep the right mind set ” I WILL WIN ” and I know when I do win there will be TAXES taken out ( good thing I live in FL no state income tax ) and I will help family & friends ( good thing I don’t have alot of friends ) the biggest thing is even with out having alot of money I know how to handle it, how you might ask I know how to say NO, NO I’m not going to be like the person who “I would give away the majority of the money, minus enough to pay off my debts and those of close loved ones. As the saying goes, “more money, more problems.” And I sure don’t need 100 million new ones!” please if you had it you wouldn’t do it,

Another thing I have always said ” it onlt take ONE ticket to win & I only have to WIN once ” You have to know if you win $1 million dollars it doesn’t mean your a millionair it means you have about $4ook to $570k because there are taxes to be paid…

]]> By: Erica Douglass http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15990 Erica Douglass Fri, 16 Jan 2009 06:03:48 +0000 http://frugaldad.com/?p=1225#comment-15990 "I would give away the majority of the money, minus enough to pay off my debts and those of close loved ones. As the saying goes, “more money, more problems.” And I sure don’t need 100 million new ones!" Be careful with this attitude. This is a poverty mentality and will not help you get rich. Money comes from ideas, which come from thoughts...and those thoughts won't help you get a $100M idea. -Erica “I would give away the majority of the money, minus enough to pay off my debts and those of close loved ones. As the saying goes, “more money, more problems.” And I sure don’t need 100 million new ones!”

Be careful with this attitude. This is a poverty mentality and will not help you get rich. Money comes from ideas, which come from thoughts…and those thoughts won’t help you get a $100M idea.

-Erica

]]> By: Travis @ CMM http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15946 Travis @ CMM Thu, 15 Jan 2009 19:18:40 +0000 http://frugaldad.com/?p=1225#comment-15946 I think a lot of people who play the lottery realize that the chances of them winning are incredibly low. But they do it because from the time you buy the ticket until they announce the numbers you can dream about what you would do with all that money. So at least for a couple days, you have the hope of striking it rich. Getting rich over 30 years doesn't sound near as appealing. By the way I rarely play the lottery, maybe once a year. I'm sticking to the long term plan. I think a lot of people who play the lottery realize that the chances of them winning are incredibly low. But they do it because from the time you buy the ticket until they announce the numbers you can dream about what you would do with all that money. So at least for a couple days, you have the hope of striking it rich. Getting rich over 30 years doesn’t sound near as appealing. By the way I rarely play the lottery, maybe once a year. I’m sticking to the long term plan.

]]> By: Dave Ritter http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15944 Dave Ritter Thu, 15 Jan 2009 18:51:20 +0000 http://frugaldad.com/?p=1225#comment-15944 Amen. Long ago I had a co-worker who actually won a relatively significant amount in PA's various lotteries two times. (Think $100K and $200K, not the big calzone.) To accomplish this goal, for the past 30 years he spent about $200.00 per week of the money he earns doing backbreaking manual labor. Do the math and try not to cry. When interviewed by the local paper on "what it takes to win," I just about died when I read his response: "You have to understand math." AAAAAAAAAAHHHHHHHHHHHHHHHHHHHH@!!!!!!!!!!!!!!!!!! Amen. Long ago I had a co-worker who actually won a relatively significant amount in PA’s various lotteries two times. (Think $100K and $200K, not the big calzone.)

To accomplish this goal, for the past 30 years he spent about $200.00 per week of the money he earns doing backbreaking manual labor. Do the math and try not to cry.

When interviewed by the local paper on “what it takes to win,” I just about died when I read his response:

“You have to understand math.”

AAAAAAAAAAHHHHHHHHHHHHHHHHHHHH@!!!!!!!!!!!!!!!!!!

]]> By: Sheryl http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15938 Sheryl Thu, 15 Jan 2009 17:08:21 +0000 http://frugaldad.com/?p=1225#comment-15938 I completely agree. I also don`t bother with lottery or scratch tickets. I am the most unluckiest person when it comes to those things! I completely agree. I also don`t bother with lottery or scratch tickets. I am the most unluckiest person when it comes to those things!

]]> By: P-H http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15936 P-H Thu, 15 Jan 2009 16:35:15 +0000 http://frugaldad.com/?p=1225#comment-15936 Well, I hate to say that I'm one of those stupid people who play on a regular basis... but its more of a requirement here. Our office has a lotto pool, with about 20 or 25 people in it. IF on the 1 in 75,000,000 million chance this pool hits it, I'd hate to be the sucker who wasnt in on the pool. Therefore I consider it required play. (Let me postface this by saying that I really dont think I'm stupid - I fund two defined contribution plans (almost to the limit) as well as a defined benefits plan - this is just an 'early out' if it ever does come around) And lets be honest - when is it not fun to dream about sudden millions and how you're going to spend them? Well, I hate to say that I’m one of those stupid people who play on a regular basis… but its more of a requirement here.

Our office has a lotto pool, with about 20 or 25 people in it. IF on the 1 in 75,000,000 million chance this pool hits it, I’d hate to be the sucker who wasnt in on the pool.

Therefore I consider it required play.

(Let me postface this by saying that I really dont think I’m stupid – I fund two defined contribution plans (almost to the limit) as well as a defined benefits plan – this is just an ‘early out’ if it ever does come around)

And lets be honest – when is it not fun to dream about sudden millions and how you’re going to spend them?

]]> By: Gary Johnson http://frugaldad.com/2009/01/14/lottery-numbers-higher-even-in-down-economy/#comment-15928 Gary Johnson Thu, 15 Jan 2009 15:33:14 +0000 http://frugaldad.com/?p=1225#comment-15928 We call the lottery 'The stupid tax' here in my office. Every now and then we will all chip in a few bucks a piece for a large jackpot. Other then that most of us prefer to invest our money in our 401ks and other savings plans. We call the lottery ‘The stupid tax’ here in my office. Every now and then we will all chip in a few bucks a piece for a large jackpot. Other then that most of us prefer to invest our money in our 401ks and other savings plans.

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