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Old Jul 12, 2018, 03:07 PM   #1
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Hapatingjaky
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Default **** Family! This Is A Good One....

https://www.msn.com/en-ca/news/canad...cid=spartandhp

Quote:
"Chase the Ace winners, it's going to court. I'm taking him to court. It was my ticket. I bought the ticket and now he's trying to lie and say I said split. I said split with the 50/50, not with no Chase the Ace," Reddick told a group of people gathered for the ceremony.

Although both names were on the winning ticket, Reddick denied the two had an agreement to which her nephew replied, "yes, we did."

The contact number on the ticket was for MacInnis, who lives in Glace Bay.

Reddick explained she had no intention of splitting the winnings with her nephew despite his name being on the ticket.
Both names are on the ticket, contact info is for the nephew, split 50/50. But nope, aunt needs to be a **** about it...
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Old Jul 12, 2018, 03:25 PM   #2
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People act so stupidly over money.
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Old Jul 12, 2018, 03:51 PM   #3
bill dennison
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two ambulance chasers will end up splitting all the money
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Old Jul 12, 2018, 03:58 PM   #4
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She'll not that lucky. I don't think she'll win.
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Old Jul 12, 2018, 04:48 PM   #5
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wtf...it's still 600k more than you had to start with. I hope she loses and has to pay all the court/lawyer fees.
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Old Jul 12, 2018, 05:39 PM   #6
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Originally Posted by Fleksta View Post
wtf...it's still 600k more than you had to start with. I hope she loses and has to pay all the court/lawyer fees.
100% garauntee she will lose. His name and contact info are on the ticket. Question is, is he smart enough to counter sue for legal fees. That way she loses and loses.

Best case the judge awards him the full amount Nd she walks away with zero.
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Old Jul 12, 2018, 05:42 PM   #7
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Wow. Money makes people go out of their minds.

My bet is that regardless whether she gets half or all of it, she'll spend it all and more in no time flat. If I win that bet, I'll split the money with you all!
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Old Jul 12, 2018, 07:30 PM   #8
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Old Jul 12, 2018, 09:57 PM   #9
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Originally Posted by Fleksta View Post
wtf...it's still 600k more than you had to start with. I hope she loses and has to pay all the court/lawyer fees.
+1

Fck greedy people.
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Old Jul 12, 2018, 10:13 PM   #10
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First world problems.
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Old Jul 13, 2018, 08:37 AM   #11
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Greed. Hell of a thing. Hope her ass gets reamed.
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Old Jul 13, 2018, 10:18 AM   #12
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$20 says she's broke in less than 5 years
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Old Jul 13, 2018, 11:24 AM   #13
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Originally Posted by curio View Post
$20 says she's broke in less than 5 years
if I took bets like that I would be also
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Old Jul 13, 2018, 04:30 PM   #14
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Originally Posted by curio View Post
$20 says she's broke in less than 5 years
You've agreed to split that $20 with us, right?
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Old Jul 13, 2018, 05:12 PM   #15
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Originally Posted by jimmyboy View Post
You've agreed to split that $20 with us, right?
No but I can pay my bets off in another way

KAC has a maid I can let you borrow
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Old Jul 13, 2018, 11:01 PM   #16
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Originally Posted by curio View Post
No but I can pay my bets off in another way

KAC has a maid I can let you borrow
As long as that's not being shared with the rest of us...
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Old Jul 14, 2018, 08:05 AM   #17
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Quote:
Originally Posted by curio View Post
$20 says she's broke in less than 5 years
Yep.

https://www.cnbc.com/2017/08/25/here...-go-broke.html
"Studies found that instead of getting people out of financial trouble, winning the lottery got people into more trouble, since bankruptcy rates soared for lottery winners three to five years after winning."
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Old Jul 14, 2018, 08:17 AM   #18
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Originally Posted by curio View Post
$20 says she's broke in less than 5 years or one of them is dead within 2 years
Fix't
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Old Jul 14, 2018, 03:54 PM   #19
Hapatingjaky
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Originally Posted by Munkus View Post
Yep.

https://www.cnbc.com/2017/08/25/here...-go-broke.html
"Studies found that instead of getting people out of financial trouble, winning the lottery got people into more trouble, since bankruptcy rates soared for lottery winners three to five years after winning."
The problem with lottery winners is they think they now have unlimited funds and its far from the truth.

In Canada the initial win is tax free. The next year though any interest gained on the money say you put it in a high interest savings or whatever is then taxed.

My stepfather won $6000 on Lotto 649 3 years ago. When you go to collect a large win you need to go the lottery office just north of Edmonton in ST.Albert. For the large winners like the million+ winners they tell them through that door there is a financial advisor, we strongly recommend you speak with them first before accepting your win. Something like 100% of the people don't.

In the US your money is taxed instantly 40%. And each year any interest is taxed.

Take David Edwards for instance. His is one of the most famous ones. $30 Million dollar powerball win and was broke and dead in 10 years.
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Old Jul 14, 2018, 10:37 PM   #20
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Originally Posted by Hapatingjaky View Post
The problem with lottery winners is they think they now have unlimited funds and its far from the truth.

In Canada the initial win is tax free. The next year though any interest gained on the money say you put it in a high interest savings or whatever is then taxed.

My stepfather won $6000 on Lotto 649 3 years ago. When you go to collect a large win you need to go the lottery office just north of Edmonton in ST.Albert. For the large winners like the million+ winners they tell them through that door there is a financial advisor, we strongly recommend you speak with them first before accepting your win. Something like 100% of the people don't.

In the US your money is taxed instantly 40%. And each year any interest is taxed.

Take David Edwards for instance. His is one of the most famous ones. $30 Million dollar powerball win and was broke and dead in 10 years.
A lot of the lotto winners are just bad at managing money.
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Old Jul 15, 2018, 11:00 AM   #21
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Quote:
Originally Posted by Hapatingjaky View Post
The problem with lottery winners is they think they now have unlimited funds and its far from the truth.

In Canada the initial win is tax free. The next year though any interest gained on the money say you put it in a high interest savings or whatever is then taxed.

My stepfather won $6000 on Lotto 649 3 years ago. When you go to collect a large win you need to go the lottery office just north of Edmonton in ST.Albert. For the large winners like the million+ winners they tell them through that door there is a financial advisor, we strongly recommend you speak with them first before accepting your win. Something like 100% of the people don't.

In the US your money is taxed instantly 40%. And each year any interest is taxed.

Take David Edwards for instance. His is one of the most famous ones. $30 Million dollar powerball win and was broke and dead in 10 years.
I just don't get this. I really don't. It seems to simple to me.
Win big. Pay off debts/loans/whatetever in full. Put rest in term deposits/high-security investments. Pay tax on interest, but still have more money than you had before by NOT being a moron and pissing it away on expensive crap and living beyond your means. How hard can that be?
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Old Jul 15, 2018, 11:06 AM   #22
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Quote:
Originally Posted by OzzieBloke View Post
I just don't get this. I really don't. It seems to simple to me.
Win big. Pay off debts/loans/whatetever in full. Put rest in term deposits/high-security investments. Pay tax on interest, but still have more money than you had before by NOT being a moron and pissing it away on expensive crap and living beyond your means. How hard can that be?
I think each winner should be required by law to take money management and investment classes. They get an initial pay out from their winnings, like $2,500 or so, to pay some immediate expenses they'll have, like past due bills, car repairs, etc. But anything after that has to wait until they've attended all class sessions and have passed them with decent grades.
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Old Jul 15, 2018, 11:12 AM   #23
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Quote:
Originally Posted by OzzieBloke View Post
I just don't get this. I really don't. It seems to simple to me.
Win big. Pay off debts/loans/whatetever in full. Put rest in term deposits/high-security investments. Pay tax on interest, but still have more money than you had before by NOT being a moron and pissing it away on expensive crap and living beyond your means. How hard can that be?
Instant gratification rules all for some folks.
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Old Jul 15, 2018, 11:13 AM   #24
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Originally Posted by jimmyboy View Post
I think each winner should be required by law to take money management and investment classes. They get an initial pay out from their winnings, like $2,500 or so, to pay some immediate expenses they'll have, like past due bills, car repairs, etc. But anything after that has to wait until they've attended all class sessions and have passed them with decent grades.
I think that's a bad idea. Let's not save them from their stupidity.
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Old Jul 15, 2018, 11:17 AM   #25
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Originally Posted by 0091/2 View Post
I think that's a bad idea. Let's not save them from their stupidity.
Think of it this way. More wealthy people who know how to use their resources, that's a win for everyone. Their families benefit, possibly for generations. Their communities benefit by having local resources grown and possibly being supported by their increased investment and spending. And If more people knew how to manage their wealth, and if they remembered where they came from, they're more likely to invest in charities and efforts that help people who need help.

Instead of the individuals and their families continuing down the toilet, they can become another (hopefully positive) rags-to-riches story.
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Old Jul 15, 2018, 02:54 PM   #26
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Lotto winners are given the choice of lump some or weekly payouts over the rest of their lives ( depending on the win amount of course ). But tell me one person who isn't going to turn down the entire win at once for $1000 a week....
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Old Jul 15, 2018, 02:57 PM   #27
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Quote:
Originally Posted by jimmyboy View Post
Think of it this way. More wealthy people who know how to use their resources, that's a win for everyone. Their families benefit, possibly for generations. Their communities benefit by having local resources grown and possibly being supported by their increased investment and spending. And If more people knew how to manage their wealth, and if they remembered where they came from, they're more likely to invest in charities and efforts that help people who need help.

Instead of the individuals and their families continuing down the toilet, they can become another (hopefully positive) rags-to-riches story.
Unfortunately most people don't have a clue what's meant by "generational wealth." Many of these people I call "Trump supporters."
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Old Jul 15, 2018, 04:01 PM   #28
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Unfortunately most people don't have a clue what's meant by "generational wealth." Many of these people I call "Trump supporters."
I agree with the first part. I disagree with the sentiment of the second part, but that is for another discussion.

Expanding on what I was saying earlier, and at the risk of being unfair to and over-generalizing these folk, it's possible that many of them come from families or environments with little to no education, little to no stability, and therefore little to no concept of money management. So it can only help tremendously if they are then taught how to manage the money they suddenly have.
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