Sunday, November 28, 2010

How To Piss Away $10M

I'm sorry, but I haven't a shred of sympathy for this family. 

Courtesy Tigerhawk


Reaganite Independent said...

I read the whole thing, guy sounds like a real loser lol

I met one like this once, won five mill in the Lotto and blew it all in about 7 yrs... he thought he was Elvis and bought everybody cars and stuff

His credit was shot and couldn't even finance a Honda anymore

Why not admit to that you have no experience handling such sums and put it in bonds until you've educated yourself a bit?


Mudge said...

A good lesson for those who think the Government should redistribute wealth. Well, it would be a good lesson if they weren't already so highly-educated that they think they've already learned everything.

Anonymous said...
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"The Hammer" said...

Here's the deal, the guy didn't understand the nature of money. The skills one acquires making the stuff come in pretty handy when the keeping it part comes into play. How many lottery winners, sports stars, entertainer etc. etc. are broke busted and disgusted at the end of the day?
I've seen one lottery winner that I thought did it right. The lady had I think six months to claim the prize. She waited until the last minute and by that time had all her ducks in a row. She had an attorney in tow, they took the money, did a few publicity photos for the lottery commission and then disappeared.

Tom de Plume said...

If horses are listed in the "assets" column of a balance sheet and NOT the liabilities section, then you need to have those financial statements re-audited.

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