Quote:
Originally Posted by AlphaFrog
The woman from the article is a moron, plain and simple.
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Agreed.
Quote:
Originally Posted by PiKA2001
I've given up wondering why people buy stupid crap they can't afford but at the end of the day this woman isn't struggling and she should have to repay whatever benefits she received.
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Yes.
Quote:
Originally Posted by PiKA2001
Generally speaking I don't think the lump sum option is uber dumb but in this case it is. If you're middle aged or older (or closer to death) I think getting the lump sum is the way to go.
(^^agreed)
I used to work with a guy who won the Michigan lottery when he was in his early 20s and he spread his payments out over the course of 20 years. He was never balling rich but he was able to afford a very nice house, newer cars, cottage up north, good investment portfolio, etc all without ever working a full time job. He's actually one of the reasons why I've never played the lottery. They say if you personally know a lotto winner, your chances of winning yourself are pretty nil.
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Sounds like this guy had some money training in his life.
This woman makes me angry to no end. Any state with a lottery system should require recent large sum winners to take a course in money management (Or some variation). SERIOUSLY. I'm glad she got cut off and i really hope the state makes her pay back every cent. The people of the state of Michigan should not have to pay for her stupidity.
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