Canada Ping!
Posted on 03/29/2013 7:22:48 PM PDT by grundle
10 Million is a lot of money but it is not infinite money.
For those deprived of a financial education, or , hell, financial anything, 10 million can sound like an amount that will never end.
I know some folks who hit it big.
White trash before, white trash after,
Got kicked out of more 5 Star hotels than you can name.
trashed out half million dollars houses. dead boats and deat motor toys all over the yard. Multiple dogs that never saw the outside of the house.
less than 20 years, both dead from alcoholism and all of the kids have felony records
Well, I am in that area of years where my first job was .02 a bale “in the barn”.
I never expected anything and was 100% spot on. I have done well for my education and experience during these decades of my life, IMHO and I am not so certain the new generation sees it the same.
Throwing money at a numbers racket was illegal in my day and just Tom Foolery. Playing the numbers is fine if it doesn’t affect anyone depending on you.
The poor get desperate and think it’s just around the corner. Vegas doesn’t have lavish lights and hotels for nothing.
Canada Ping!
A welfare-dependent version of “Atlas Shrugs”!
easy come easy go
poor and stupid
No. The love of money is the root of evil. Money, by itself, is a tool that is very useful. Greed for other's money is where people go wrong. Rich people aren't bad just because they have money; many are very generous and good. However, many poor people without money are evil because they are greedy and pursue having some by stealing it from those who have some. If you have money, use it in moderation and use it wisely. To hell with those poor who have evil intentions. God bless those poor who get by fine without greed for more.
He’s not the only one.
Consider the following:
1) Mike Tyson
Once the most feared boxer in the world, Mike Tyson earned more than $400 million during his career. But his luxurious lifestyle, filled with mansions, wild animals, and a large entourage – combined with shady management and an expensive divorce – forced him in 2003 to file for bankruptcy, claiming debts of $27 million.
The Takeaway Lesson: Iron Mike could have saved himself from losing a large chunk of his fortune by preparing a prenuptial agreement prior to marriage. Even if you’re not raking in millions, a prenup can protect your assets or business from being decimated in divorce court. And considering that one in two married couples eventually separate, that’s not a chance you want to take
2) Evander Holyfield – Made tens of millions of dollars in his career as a heavyweight champ.
Everyone seemed to take pride when he bought that gaudy mansion in suburban Atlanta and everyone collectively recoiled when it went into foreclosure because of his inability to keep up with his nine children from multiple babies’ mamas.
3) Nicholas Cage – After making upwards of $40 million in 2009, Francis Ford Coppola’s nephew bought mansions all over the world, went on outrageous spending sprees and lost it all.
4) Basketball Star Allen Iverson
Allen Iverson retired from the NBA with a $150 million career.
But went broke anyway.
TMZ has obtained court documents from Iverson’s ongoing divorce proceedings that clearly show a man drowning in debt.
Though he still earns $750,000 per year, Iverson is bleeding an estimated $360,000 each month.
About a third of his debt is owed to creditors –– his bank account was seized last year when he couldn’t come up with $860,000 he owed to a jeweler –– and another chunk goes to his mortgages.
But there are a few creature comforts, too, “like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants,” according to TMZ.
On top of that, his $4.5 million Atlanta mansion is in foreclosure. At least he can drive to and from court in style –– Iverson reportedly kept his Maybach, which he paid off before all of the money drama.
He’s not the first NBA star who has fallen from grace.
Former Chicago Bull Dennis Rodman has been in and out of the news recently for his reported alcohol and drug addiction and for owing more than $800,000 in unpaid child support.
ADD YOUR FAMOUS NAME HERE...
With $10 million yielding 5% and no tax, gives a cool $1/2 million per year.
That would support any “reasonable” lifestyle most would be content with.
Without eroding principle at all!!
Water seeks it’s own level. Works pretty much the same with people.
You would never know that they were rich. They live a nice upper middle class lifestyle and the kids were told that if they want something they will have to work and raise half the money.
a local guy has actually won twice.
Around $5 mil.
gave some money to the church, and bought a newer used car.
goes on vacation to Indonesia, from time to time.
Nobodys asks.....
Sharon Tirabassi ... as Amish as they come.
Having six kids didn’t help either, I’m sure.
Not completely - she did set up a small trust for each illegitimate child.
“Tirabassi didn’t like her neighbours.
“They didn’t like young people,” she says.”
More likely they didn’t like trash.
Very true.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.