+ Reply to Thread
Page 10 of 10 FirstFirst ... 8910
Results 91 to 100 of 100
  1. #91
    Join Date
    Nov 2008
    Posts
    14,057
    Thanks
    1,875
    Thanked
    2,608
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Yep, people just get waaaay too carried away. Even looking at the thread of what you would buy if you won the 70mil you can see how OTT people would go and how very easily it can be to land yourself in a worse off position than what you started with. Winning a huge amount of money doesn't solve your problems if you have no idea how to handle it and what comes with the massive purchases you make.

  2. The Following 3 Users Say Thank You to Guest1234 For This Useful Post:

    MissMuppet  (10-05-2012),MothersMilk  (10-05-2012),ShanandBoc  (10-05-2012)

  3. #92
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    agreed B&B. It's all well and good to buy 6 mansions, give away a huge percentage of the money and buy 10 cars but the council rates etc land a lot of people in deep trouble. Sometimes I think it would be better to win $400,000 to buy yourself a nice place but people won't end up in ridiculously expensive areas and not be able to afford the upkeep.

  4. #93
    Join Date
    Oct 2007
    Posts
    22,848
    Thanks
    6,202
    Thanked
    16,895
    Reviews
    10
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Bubhub Blogger - Thanks100 Posts in a week
    That really jerks my chain when wealthy people win lotto. Of course they have just as much right to enter as anyone, but I like to see it go to people that need it.

  5. #94
    Join Date
    May 2009
    Posts
    6,095
    Thanks
    399
    Thanked
    747
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by delirium View Post
    That really jerks my chain when wealthy people win lotto. Of course they have just as much right to enter as anyone, but I like to see it go to people that need it.
    And others argue that at least the wealthy people know how to look after the money they've just won, whereas often when a poor person wins a fortune their lack of experience results in them quickly losing it all.

  6. #95
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    I think bad money management can come from all walks of life. Some people living in poverty have incredible money management skills. They have to.

    I don't mind who wins lotto, although it does seem a bit unfair that someone who can afford more tickets and therefore more numbers has more of a chance than someone who scraped up $20 for a ticket who really could use the money to escape a poverty cycle.

  7. #96
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    http://www.news.com.au/money/big-gam...-1226351575578

    It mentions that the worst case was already a successful businessman so I'd imagine he wasn't a pauper - both of his daughters passed away after him winning lotto and he said if he could go back he'd have not claimed the prize.

    Wealthy people dig themselves into bankruptcy all the time, it's not uncommon even if they were born into money.

  8. #97
    Join Date
    Nov 2008
    Posts
    14,057
    Thanks
    1,875
    Thanked
    2,608
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by Benji View Post
    I think bad money management can come from all walks of life. Some people living in poverty have incredible money management skills. They have to.
    Exactly.
    It's got nothing to do with rich people having better money managing skills or that the less fortunate don't. No way, and I wasn't saying that!
    All I was saying is that some people misjudge the costs required for such big and multiple purchases, and that can be a really big downfall.

  9. The Following User Says Thank You to Guest1234 For This Useful Post:

    Benji  (10-05-2012)

  10. #98
    Join Date
    Dec 2008
    Posts
    10,618
    Thanks
    905
    Thanked
    1,482
    Reviews
    19
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Absolutely, it's not as simple as winning a million and being set for life - you could use that money to set yourself up for life but the cash itself won't do it. It could easily cause more problems than it solves.
    I would like $200 000, that would plenty to set me up without going crazy overboard. It's not how much you have, it's what you do with it

  11. The Following 3 Users Say Thank You to MothersMilk For This Useful Post:

    Benji  (10-05-2012),Guest1234  (10-05-2012),MissMuppet  (10-05-2012)

  12. #99
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    Quote Originally Posted by Bell & Bug View Post
    Exactly.
    It's got nothing to do with rich people having better money managing skills or that the less fortunate don't. No way, and I wasn't saying that!
    All I was saying is that some people misjudge the costs required for such big and multiple purchases, and that can be a really big downfall.
    Absolutely. Sorry was referring to another poster when talking about who wins lotto - I've agreed with all of your points so far

    I know somebody who has always been pretty well off and ran a successful business who a lot of us have probably made purchases from. He sent it bankrupt, opened up another business. Failed that one.

    He's opened and failed several dodgy businesses in the years I've known him and he's had to sell his house and move back in with mum in the past lol. He's now doing better and back in a nice house, luxury car etc. People probably look at him and think he has it all but it sounds like he has a lot of stress and a few missing brain cells.

    I KNOW if he won lotto he would blow it within a few years. He absolutely would despite the fact he's considered wealthy.

  13. #100
    Zombie_eyes's Avatar
    Zombie_eyes is offline Formerly Diamondeyes
    Winner 2012 - Biggest Computer Nerd
    Winner 2013/14 - Funniest Member
    Join Date
    Aug 2011
    Posts
    9,354
    Thanks
    2,835
    Thanked
    9,033
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a week
    Quote Originally Posted by ToughLove View Post
    Gawd tell me about it.

    Family members are struggling {of their own choice, prefer to buy ciggies and beer than pay the bills}, bankrupt twice already, keep switching phone/energy companies to avoid paying the overdue amounts for the ones they've already been with, and they won $15,000 once

    They spent $13,000 doing the loungeroom up with a brand new 60 inch tv, leather couches and new carpet, then spent the last $2000 on a new guitar for their 14 year old son.

    Then directly after all the money was gone, filed for bankruptcy and started the whinging again.

    With the money you wasted, you could have paid all your credit card and bill debts, and put a decent hole in your mortgage. But nope, just useless ****e.

    People are so dumb when they get money.
    Yerrrrrrp, i hear ya, basically the exact same thing, except a crap load more money, enough money to get them living in their own house instead of a mould infested fibro shack they rent, Or at least replace their 15 yr old bomb of a car... But nope... Tvs, computers, phones, cameras, ridiculous brand clothes, dropped 3 grand on designer sneakers for their teen son etc... Now its all gone. Madness.
    Fecking morons!


 

Similar Threads

  1. Would you tell anyone that you won lotto?
    By FertileMertile in forum General Chat
    Replies: 40
    Last Post: 06-11-2012, 16:04
  2. Damn! Why can't I win the lotto???
    By ChocMilk in forum Setting up & succeeding
    Replies: 6
    Last Post: 26-04-2012, 23:36
  3. Do you know any Lotto winners?
    By chubbasmummy in forum General Chat
    Replies: 38
    Last Post: 24-01-2012, 12:17

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Ro&Co
Share magical moments this Christmas with this gorgeous gingerbread house. Exclusively available in Brisbane, with FREE delivery in Brisbane Metro areas. Each Christmas Centrepiece is unique and made to order, from $240.
sales & new stuffsee all
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
Softmats
Softmats specialises in safe, non-toxic, and durable play mats. The international Premium Dwinguler™ Play Mats and Premium Bubba Mat™ range of floor spaces are the best quality in the world.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!