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Mother who won $3M at 16 now has just $3,040... and couldn't be happier
Ny Post ^ | 7/21/2013 | NEWS.COM.AU

Posted on 07/21/2013 4:05:23 PM PDT by GrandJediMasterYoda

Mother who won $3M at 16 now has just $3,040... and couldn't be happier From NEWS.COM.AU Last Updated: 10:15 AM, July 17, 2013 Posted: 10:11 AM, July 17, 2013 A British woman who won $3 million when she was aged just 16 now has just $3300 left, but insists she's never been happier.

Callie Rogers scooped the jackpot in 2003 but said she was too young to win such a large amount and wasted it on property, expensive holidays and nights out with friends.

Now a mother-of-three, Ms Rogers said the win had left her with nothing but trouble and without a sense of purpose.

The 26-year-old now works as a carer and lives in a $130,000 home after a decade of relationships and partying that sent her broke.

"It was too much money for someone so young. Even if you say your life won't change, it does and often not for the better," she told The Sun.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events; United Kingdom
KEYWORDS: idiots
Parental supervision? What's that?
1 posted on 07/21/2013 4:05:23 PM PDT by GrandJediMasterYoda
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To: GrandJediMasterYoda

and if she needs help to take care of her three children, “we” wiil be more than happy to assist. Hey, go have another if it makes you happier. /s


2 posted on 07/21/2013 4:08:30 PM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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To: GrandJediMasterYoda
The couple soon fell pregnant with twins ...

Biology, what's that?

3 posted on 07/21/2013 4:09:59 PM PDT by Tax-chick (No pun intended, no punishment ... If I offended you, you needed it.)
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To: GrandJediMasterYoda
My God...someone should have guided that kid,taking her aside and saying “spend some of it as time goes on but put most of it in a safe place”.
4 posted on 07/21/2013 4:16:48 PM PDT by Gay State Conservative (If Obama Had A City It Would Look Like Detroit.)
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To: GrandJediMasterYoda

$415,000 on cocaine? Wow. That must have been a heck of a party. /s


5 posted on 07/21/2013 4:20:17 PM PDT by Fast Moving Angel (A moral wrong is not a civil right: No religious sanction of an irreligious act.)
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To: GrandJediMasterYoda

Meanwhile, she keeps “falling pregnant” and does not bother to marry first. Disgusting.


6 posted on 07/21/2013 4:21:38 PM PDT by Bigg Red (Restore us, O God of hosts; let your face shine, that we may be saved! -Ps80)
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To: Bigg Red

I wonder if any of her kids could look like obamma


7 posted on 07/21/2013 4:24:20 PM PDT by shadeaud (Stay Thirsty My Friends)
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To: GrandJediMasterYoda

1 Million in an annuity, buy a home a car and put 500K away, and spend the rest...


8 posted on 07/21/2013 4:32:15 PM PDT by The Wizard (Madam President is my President now and in the future)
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To: The Wizard
I heard this story on Michael Medved the other day. When she won, she (supposedly) contacted an accountant to help her manage her money.

Guess the accountant said: "One word. Cocaine."

9 posted on 07/21/2013 4:36:38 PM PDT by boop ("You don't look so bad, here's another")
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To: The Wizard

Ok, will do. Thanks. ;)


10 posted on 07/21/2013 4:38:54 PM PDT by presently no screen name
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To: The Wizard
When I was in public elementary school back in the 1970s, we had a conservative principal who ensured that students (in elementary school) got a strong background in economics. As a result, by the time I was in 7th grade, I knew about the rule of 72, dollar cost averaging and the concept of annuities, among other principles of building wealth.

The conservative principal was put out to pasture by 1978 and replaced by a liberal principal who allowed jeans and sneakers and eliminated home economics courses, but fortunately I learned enough basic economics to establish life-long habits that have allowed me to build wealth and raise myself above the working class - despite never having the "advantages" that well-born people have.

11 posted on 07/21/2013 4:39:22 PM PDT by SamAdams76
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To: GrandJediMasterYoda

Ill gotten gains —but UNDERSTAND why it seems like there are so many of these stories:

The media LOVES these stories and splashes them around more liberally than when an innocent neighborhood watch guy saves his life from a criminal.

ANY times someone gets loads of random cash and then it goes away these socialist reporters are going to smoosh that in your face 10,000 times.

The media panders, and then also they’re socialists, and THIS type of story is when those two seperate impulses come together, like the instant two huge waves meet.

You’d be amazed that ANYONE just goes off and has a good life —what usually happens.


12 posted on 07/21/2013 4:44:14 PM PDT by gaijin
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To: GrandJediMasterYoda

Had I won such an amount at age 16, I don’t have the slightest doubt in my mind that I would have a larger amount today (35 years later).


13 posted on 07/21/2013 4:52:43 PM PDT by Kip Russell (Be wary of strong drink. It can make you shoot at tax collectors -- and miss. ---Robert A. Heinlein)
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To: gaijin
Ill gotten gains

How are they "ill gotten"? She won the money in lottery, she didn't steal it.

14 posted on 07/21/2013 4:55:53 PM PDT by Kip Russell (Be wary of strong drink. It can make you shoot at tax collectors -- and miss. ---Robert A. Heinlein)
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To: Gay State Conservative

Back in the 1990’s, coworker’s 16 year old son was in a car accident and had a brain injury. He had to go through rehab and all and eventually ended up with a six figure settlement. His parents made sure he couldn’t get his hands on the money until he hit adulthood and often talked with him about being responsible with the money. When he turned 18, he worked at getting his hands on all the money. He did. He got a loan for a ranch home and moved all his freeloading friends in. Partyville, USA. He ran through the money in less than three years.


15 posted on 07/21/2013 4:57:18 PM PDT by Cowgirl of Justice
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To: GrandJediMasterYoda
wasted it on property.........lives in a $130,000 home

And is perfectly happy.......What more needs to be said other than the fact the article certainly doesn't delve into what those property investments were or whether the current house is paid for. (which I suspect it is)......

16 posted on 07/21/2013 5:03:32 PM PDT by Hot Tabasco (')
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To: GrandJediMasterYoda

” having spent $415,000 on cocaine.’

As you said where were her parents — they had the right to handle her funds when she was 16, she wasn’t legally an adult.


17 posted on 07/21/2013 5:41:55 PM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: SamAdams76

“When I was in public elementary school back in the 1970s, we had a conservative principal who ensured that students (in elementary school) got a strong background in economics. As a result, by the time I was in 7th grade, I knew about the rule of 72, dollar cost averaging and the concept of annuities, among other principles of building wealth”

This is where education fails mightily today. Young people with no concept of money.


18 posted on 07/21/2013 5:52:52 PM PDT by headstamp 2 (What would Scooby do?)
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To: Tax-chick

Have to remember that phrase “fell pregnant”, just so funny!


19 posted on 07/21/2013 6:07:57 PM PDT by RetiredTexasVet (The short list would be the list of all administration officials that are NOT pathological liars!)
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To: GrandJediMasterYoda
"The fault, dear Brutus, is not in our stars,
But in ourselves, that we are underlings."


- Julius Caesar (I, ii)
20 posted on 07/21/2013 6:08:53 PM PDT by PowderMonkey (WILL WORK FOR AMMO)
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To: headstamp 2
Funny you should mention "conservative" principals.

I had a friend who was a principal at a lower income school. One of the students "won" a settlement of around $100K in a car accident. And they we not crippled/disabled. The student said: "I'm never working again!"

So my friend calmly took her aside and told her OK, this seems like a lot of money, and it is. But let's talk.

You graduate next year. and will move out of your parent's house. You'll have to pay rent, utilities, insurance, etc.

And she ran the numbers for the student. She could live an "average" existence for about 10 years. IF she didn't blow it all on cars and jewelry and "fun".

The student had no concept of how fast $100K can get spent.

I don't really blame her.

But honestly, even at 17, I'd buy a reliable car, and keep working.

21 posted on 07/21/2013 6:13:15 PM PDT by boop ("You don't look so bad, here's another")
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To: RetiredTexasVet

It’s common in the British press. What really got me was that the couple “fell pregnant,” not just her.


22 posted on 07/21/2013 6:27:32 PM PDT by Tax-chick (No pun intended, no punishment ... If I offended you, you needed it.)
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To: The Wizard
1 Million in an annuity, buy a home a car and put 500K away, and spend the rest...

At 16? No annuity. Buy a car and home. Have some fun. Heck she could have blown $1M and still have $2M to invest. Given her long time horizon she could have diversified the money across the board with heavy weighting in domestic and international stocks and she would have done well. Get a low stress job, retire at 50. What a waste.

23 posted on 07/21/2013 6:39:13 PM PDT by plain talk
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