Really? What are the odds?
I won three dollars last week.
Her mother won 15,5 million dollars and didn't pay off her daughter's student loans?
^ I was wondering the same thing, but then I thought it was kind of cool she was making her daughter pay her own way.
(then again it did say she won that $15m back in 1991? Perhaps it's been squandered already)
I don't think its cool to make her pay her own way after you win 15.5 million $$! She WAS paying her own way so why not say "hey, I can really help you out now, I am proud of you for going to college but you shouldn't need to pay that bill every month when I am stinking filthy rich." LOL! Unless her student loans were worth hundreds of thousands, I am shocked she wouldn't pay it off. I know I would for my kid or sibling or even a good friend if I won enough money! Oh well, I better stop, not my place to spend her money.
I wonder if this family spends a LOT of money on lottery tickets. I have seen this many many times. Once people win they realize it IS possible and they go crazy on the spending. This is how casinos draw people in. They hit a few hundred or thousand on a slot machine and they will put every penny back over the next few weeks or months trying to do it again. I wouldn't be shocked if they spend hundreds every month on the lottery, although not enough to go through all 15 million the mom won, I hope.
"Michelle would never be caught with sausage grease staining her Vera Wang." - rfisher
You'd be surprised. Statistics show the majority of lottery winners end up right back where they started finacially in a relatively short period of time. Plus, you don't get the winning amount. The cash payout is about 60% or so and there's a 30% tax deduction (federal and state before the money is released).
I, OTOH, have a perfect plan if I win. I'm not telling anybody until an investment lawyer has it secured. Then, I'll give each family member a million and tell them to go away. Then, I have very specific plans for the rest of my days.
Those who never succeed themselves are always the first to tell you how.
So if it was a situation like that, yes, I think it's cool to make the kid pay their own way. If they want it bad enough, they can do like everyone else does and take out loans.
That seems like the logical thing to do, but I don't think I could keep it a secret if the sum was really large!
plenty of people who did well in the more structured confines of high school lose their way a bit in college.
or maybe daddy bought her way into Georgetown. who knows?
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She can't get her transcripts released from Georgetown to go elsewhere until she pays off the bills from there (which daddy refuses to pay since he already bailed her out once). She's still brilliant, but has been a life-long waitress for 15+ years (at very high-end exclusive places) because she has no college degree. But she reads voraciously, is wicked smart, and is writing a screenplay and I have no doubt you'll all hear from her in the future. But it's going to take her a while to finish, I imagine!
She doesn't blame her dad. She understands the opportunity she was given (especially as a minority as well) and concurs she blew it. She made her choices.
I myself am deeply jealous.
I've always said I wouldn't tell a soul if I won the lottery and claim it thru a trust (allowed in my state), but the bitter part of me would want to go public to let every damn bytch out there who made my life hell know that I won millions of dollars. But then again, I wouldn't want people hassling me for moola the rest of my life either.
Although if I won crazy lottery money (like millions++), I would end up giving most of it away. Really. All I want is enough to build a house e-x-a-c-t-l-y the way I want it (and I'm talking simple 3 bed, 2.5 bath, about 2200 square feet with great big rooms, not a MegaMansion .... but yea okay its gotta have a pool ); and then enough to live my simple life and never worry about money again, even if I lived to be 100. I would enjoy being able to give it away to organizations I wanted to support. Or see a story on the news about someone having a fundrasier for a local family and be able to pop off a check to them. Oh, and buy a lifetime subscription to FSU.
The next time I'm in NC, tell me where to go to get the winning tickets she bought.
I can understand keeping it as quiet as possible but I'd tell my husband and children. Can't imagine not.
3539 and counting.
Slightly Wounding Banana list cont: MacMadame.
My sister and I have a 50/50 dead - if either of us hits for over $1M after taxes, we split the money. We didn't cut our brother into the deal because we don't trust his sons or ex-wife, lol. Plus, he's not really that smart about money - his ex was the financial guru in that relationship. We'll just pay his bills for him somehow so he doesn't piss it away or get bumped off for the inheritance. (We play the "What would you do if..." game a lot in my family.)
I think I would love to do something mysterious like that and testing people to not snoop.
I would love to be able to buy my dad some nice property on Lake Superior and get his house fixed up. And he'd be happy that I wouldn't have to worry about my student loans.
I definitely agree about getting it in the bank and investing wisely immediately. I would have no idea how to do this but that would be my first action.