Less than 1% of the money donated to Haiti actually made it to Haiti. That's bullshitAs someone who worked in not for profits...I understand.
But trust if u don't personally see the stuff change hand? Nothing is guranteed.
Less than 1% of the money donated to Haiti actually made it to Haiti. That's bullshitAs someone who worked in not for profits...I understand.
But trust if u don't personally see the stuff change hand? Nothing is guranteed.
Less than 1% of the money donated to Haiti actually made it to Haiti. That's bullshit
ole smartass nigga. if i ever get big bucks i am contacting you.Do many of you know, which Cuban is leaving out is the fact that with this amount of money, you will have wealth management teams? There will be scores of companies coming at you like Abbott Downing and the many others that will strive to keep you in their portfolio? Only a fool would keep their money in a traditional bank acct earning the current less than one percent. These firms will strive to get you 10-20% a year on your money or even more. There are many investments we are not privy to, and I don't mean the IPO's or things you hear of in the media.
Even putting your money in banks of other countries, which is why the US is cracking down hard at it, look at central bank rates from around the world http://www.cbrates.com/
Some countries, the bank rates will pay you over 10% just for parking it there. Central Banks, just like our Fed, offer to investors to buy into investments that return money in short terms like a week. ie: http://www.federalreserve.gov/newsevents/press/monetary/20151202a.htm
Also when you get this kind of money, you should only be living thru "trusts" or some type of entity, not keeping any funds in your own name. You could even set up a Private Interest Foundation and diversify your money anywhere in the world, own any business anywhere and not pay taxes if the foundation was based out of Panama. If a business was in Panama, then you have to pay taxes to them, but any business operating outside, Panama requires no taxes.
How do you think people with wealth operate and no one knows their true net worth. Cause nothing is in their name. Or what they'd like you to see. I hope and pray the person who hits the lotto gains the knowledge.
Personally, I wouldn't be paying taxes, because I already donated my ticket to my trust which is not tax free, but tax exempt.
::two cents::
A $6.1-million lottery prize is in limbo after a court injunction prevented an Ontario man from cashing in a Lotto 6/49 ticket that his former live-in girlfriend claims is half hers.
Maurice Thibeault showed up at OLG’s Toronto prize centre recently with one of the two winning tickets in the Sept. 20 jackpot worth $12.2 million.
But before the Chatham resident could collect the money, Denise Robertson, 46, obtained an emergency court injunction and alerted OLG not to hand over the disputed millions.
Sources close to Robertson say she had asked Thibeault days earlier if the ticket — with the numbers 6, 17, 29, 37, 45, and 47 — had won and he responded it hadn’t.
Friends say she thought nothing of it until he moved out of her house five days after the draw.
Over their two years and one month of living together in her house — along with her teenage daughter from a previous marriage — the couple frequently played the lottery, alternating each week who would buy the tickets, said a source close to the long-time federal public servant.
Thibeault’s associates dispute that there was any such arrangement, pointing out he purchased the ticket at a Chatham convenience store using a debit card linked to his personal bank account.
Sources said the surveillance footage of him buying the winning ticket has been erased, but there is a bank receipt of the transaction.
They also said she texted him to ask only if he had bought a ticket, not whether their numbers had come up.
His friends also maintain he had been planning to separate from her for months and only managed to do so when he “got lucky” and won the lottery.
On Sept. 25, Robertson arrived home from work to find Thibeault, a 46-year-old father of three, had cleared out all his belongings from their shared home, according to three people who know the couple.
She then learned from mutual friends he had also quit his job at a local granite and glass supply company. A colleague had emailed the entire office that Thibeault had won, which is how she learned of the windfall.
“She couldn’t believe it,” said a person close to her, who, like others interviewed for this story, spoke on condition of anonymity.
Robertson contacted Windsor lawyer Anita Landry, who immediately phoned OLG headquarters in Toronto and obtained an injunction in a Windsor courtroom on Sept. 28.
“This motion, made without notice, by the plaintiff for an order that the defendant Ontario Lottery and Gaming Corporation not distribute the proceeds of the winning 6/49 lottery ticket from Wednesday, Sept. 20, 2017 in the amount of $6,146,722.60 until the ownership issue can be disposed of ,” the court document reads.
But the legal injunction wasn’t necessary — everything was put on hold as soon as the Crown gaming agency was aware there was a dispute surrounding the ownership of the ticket.
That means Robertson, who declined to comment through her lawyer, could be entitled to more than $3 million of the prize.
Thibeault — who is “laying low” in an undisclosed location until the matter is resolved, according to a friend — also declined to comment.
The other half of the $12.2 million bonanza was won by a ticket holder in Quebec.
OLG’s senior manager of media relations Tony Bitonti said there are very strict procedures surrounding the awarding ofprizes.
“The prize claim process is a process OLG would have followed regardless of whether there was an injunction or not,” said Bitonti.
“Anyone or group presenting a ticket worth $1,000 or more is subject to the prize claim review process to determine ownership of the specific ticket. For prizes of $10,000 or more, this review process includes a mandatory in-person interview of the claimant conducted by an OLG prize claims investigator,” the spokesperson said.
“While OLG has key information about the ticket — where and when it was purchased, was it purchased with other lottery products, etc. — in addition, we ask the claimant certain questions about the ticket and the circumstances surrounding its purchase in order to confirm ownership,” he said.
“If, for any reason, our prize claim review team cannot confidently determine the ownership of the ticket from the answers to the questions from the interview, then the claim is sent to OLG general investigations for further review. This further review can include interviewing other individuals with relevant information surrounding the prize claim.”
A prize is awarded only after OLG — which has revamped its procedures after ascandalsurrounding questionable insider wins a decade ago — completes its investigation.
OLG investigators sometimes examine months-old surveillance video from variety stores and gas stations where tickets are sold to determine buying patterns.
They use computerized “data analysis and retrieval technology” to analyze billions of transactions per second and can identify ticket purchase characteristics to thwart fraudsters.
http://www.msn.com/en-ca/news/world...-splits/ar-AAtkNbV?li=AAadgLE&ocid=spartanntp
Except if you die early your family gets none of it.
I'd rather take it all in case something happens to me.
I'd take the annuity.
I also have a list of fam I'd look out for. They'd be required to take finance classes before getting any significant amount of money. There are also a couple of houses on my block I'd like to buy and fix up.
Ion know why folks think this dumb shit. Who told y’all this.????Except if you die early your family gets none of it.
I'd rather take it all in case something happens to me.
Ion know why folks think this dumb shit. Who told y’all this.????
must of been a greedy broke nigga that don’t trust his self.
You’re Correct and I understand but damn, this that shit ye was talking about, generational wealth.It's because financial literacy is not taught encouraged or shared
Most people don't understand how a TRUST works
Hell most people don't have a will
Or even life insurance.
Also why MANY who win large lottery numbers...
Lose it all in 10 years
Or die.
You’re Correct and I understand but damn, this that shit ye was talking about, generational wealth.
Every race does it but black folks, most of us don’t even think we can pass money on after death.
Niggas wanna blow it all at Gucci, Mercedes etc before they die.
sad
I’ve heard it too. Was listening to Shaquille O’Neal bout a week a go saying he wasn’t leaving his sons too much of nothing, basically said he’s rich not them. they got to earn their own, but his daughters were straight for life.Bro I GREW up hearing black men say I aint living my kids sh*t like it was something to be proud of.
The Powerball lottery has reached a record high of $1.4 billion.
On Wednesday night, someone might win the jackpot and — even if they don’t actually take home $1.4 billion — become incredibly rich in a matter of moments.
Billionaire Mark Cuban has some idea of what that’s like.
Cuban recounted the moment he became a billionaire on an episode of James Altucher’s podcast: “I was sitting in front of a computer, naked, hitting the refresh because we were close — waiting until my net worth hit that billion when the stock price got to a certain point, and then I kinda screamed and jumped around and then got dressed."
Years later, what would he advise a newly minted multimillionaire or billionaire?
Business Insider reached out to Cuban to ask about his tips for potential lottery winners, and he shared the advice he gave his local paper, the Dallas Morning News:
He also shared one last bonus tip with Business Insider: "Be nice. No one likes a mean billionaire. ”
[The first thing you should do is] hire a tax attorney. Don’t take the lump sum. You don’t want to blow it all in one spot. If you weren’t happy yesterday, you won’t be happy tomorrow. It’s money. It’s not happiness. If you were happy yesterday, you are going to be a lot happier tomorrow. It’s money. Life gets easier when you don’t have to worry about the bills. Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend. You don’t become a smart investor when you win the lottery. Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.
He forgot to mention...
DON'T TELL A SOUL THAT
DON'T ALREADY KNOW.
Yeah but couldn t you make more investing the billionsYou get
$43,333,333.33 A YEAR FOR 30 YEARS.... LESS TAXES
Not bad
You always take the money up front. If you invest it right, you'll do better than the annuity could in 30 years. He's dead on with the tax attorney though. The tax attorney is an absolute must have.
Legacy... most wealth is lost after one or two generations.The one thing Cuban was right about if you are getting 43 mil GUARANTEED for 30 years, why even bother with investing.