Skip to comments.Burnsville couple joked lottery was safer than stock market -- then won $229M
Posted on 08/13/2011 8:57:28 AM PDT by WOBBLY BOB
of winning the Minnesota State Lottery would be a safer bet.
The Burnsville couple, who Friday claimed a $228.9 million Powerball prize, the largest lottery payout in Minnesota history, weren't struggling but were wondering just days before whether they'd ever be able to retire.
"On Monday, we met with our financial adviser, and things didn't look real promising," Kathleen Morris said during a Friday news conference at state lottery headquarters in Roseville. "That night I told Tom, the only way we're going to retire is if we win the lottery."
Declining to give their ages, the couple said only that they were "old enough to retire."
(Excerpt) Read more at twincities.com ...
Good for them!
Now they have to adjust to the different way their friends and family will see them—LOL!
Yep. When you win that much money, all your old problems disappear and you get a plate of brand-new problems. First and foremost, managing such a huge amount of money is going to a full-time job in itself. Everyone says, "I wish I had such problems" yet the annals are full of "rags to riches and back to rags" stories of people who wound up worse off after quickly coming into so much money.
So many people are thinking the same way about their future that the jackpots are getting really big.
Sound a little ominous when the husband brings up the fact that he is hard to live with. . . But I wish them well. I’ve read that a lot of winners end up divorced and broke. It can’t be easy. Personally, I wouldn’t announce it publically if I won.
Ask to be paid in gold and before QE3 starts.
IIRC, if you win, you have to make a public appearance when/if you win the whole thing.
Sorry to be a downer but the lottery is for people who are not good at math.
She got swarmed by family and relatives she hardly knew, including "Uncle Louie" who insisted that she pay for his needed heart transplant.
She ended up selling her small pizza place and going undercover.
Then I guess these people are good at math.
Tell that to Tom and Kathleen Morris.
I hear the most important thing to do is to incorporate right after you win and BEFORE you call or go in to collect.
In almost all these "the lottery ruined my life" stories, it was the winner's inability to say no to greedy friends and family members that cost them their fortunes. Seems that winning so much money might make for a lonely and stress-filled life as many winners would have to bail on the communities they grew up in and the people they've known all their lives or else be hounded constantly for hand-outs.
Put the ticket is a safe place and don't announce that you have won. Then, call all your close friends and relatives to ask if you can borrow a significant amount of money.
You'll learn who your trusted friends are before you make the announcement.
Yup. And the millions of others who didn’t win and play the game thousands of times each hoping to win.
What are the odds? 200 million to one?
You’d probably have a better chance of winning at Vegas.
did you mean,
the lottery is a tax on people who are bad at math .
And the millions (tens, hundreds?) of others who lost, aren’t either.
A fool and his money....
A HUGE win-win for the government.
I'm not sure what that means. But, my guess is that with $125 Million in the bank a math deficiency can be over come.
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