Will Trump Win Again 2019 Quora
Everybody needs coin to survive. Information technology's a fact we may not like, but it'due south nonetheless a fact. Some other inescapable truth is that almost of us could use more money for the things we need also equally the things we just want. That probably makes the hope of winning the lottery sound like a dream come truthful, but the reality is much more complicated than that.
Consider this cautionary tale of a adult female in desperate need who won an unbelievable corporeality of money. The choices and mistakes she made after winning ultimately resulted in losing it all. Her story reminds the states all to never forget that money doesn't buy happiness.
See Marie Holmes
When she was 26, Marie Holmes was living a difficult life in N Carolina. She was a hard-working, single female parent of iv with two low-paying jobs. On top of this, ane of her children had merely been diagnosed with cerebral palsy.
Considering of her child's special needs, Marie was forced to quit both of her jobs to care for him full time. Evidently, the $188 million lottery windfall seemed like a Godsend when Marie won, but unfortunately, she made a series of poor decisions that resulted in her losing information technology all.
Marie's Original Plans
Marie made some promising comments about what she planned to do with the lottery coin — $127 million afterward she chose to get it in a lump sum. "First I'm going to pay my tithes, because I wouldn't accept none of it if information technology weren't for God."
"Later that, I'm going to prepare upward accounts for my kids…I'thou going to buy a firm for me and my kids, then brand sure my family is all good." Marie as well told WGN-TV, "I don't take to worry about the give-and-take 'struggle' no more and neither practise [my children]."
The Waiting Game
Although almost lottery winnings are not life changing, lottery jackpots are huge, and there are rules for claiming those winnings. If a person wins less than $599, the establishment that sold them the ticket pays them their winnings. Yet, there is a lengthy procedure involved in claiming large lottery winnings.
The ticket has to be verified by a scanning machine. Next, in that location is a waiting period for the money to be awarded, and the winner must fill out some identification paperwork. Final, the winner must decide if they want all the money in a lump sum or have it dispersed in installments for 30 years (on average).
Choices, Choices
One of the more difficult choices when a person wins millions of dollars in a lottery is whether to get the coin in a lump sum or in installments. The dilemma occurs because at that place is a big penalty for getting all the coin faster in a lump sum.
Marie had the pick of collecting the entire $188 million over 30 years or forfeiting $61 1000000 and collecting the remaining $127 million much sooner. Financial experts ordinarily recommend taking the lump sum and investing the money. That allows you the opportunity to make coin on your winnings instead of the state. Marie chose the lump sum.
Uncle Sam's Cutting
Many people don't know how much taxes people have to pay out of lottery winnings in the U.S., and then we'll break it down for you lot. Although the entire taxation amount wasn't reported in Marie Holmes' instance, she definitely paid millions to the government.
In the U.South., lottery winnings are considered income past the IRS, on both the state and federal levels. Therefore, Northward Carolina would accept taken 5.8% of Marie's $127 million, and the Federal Authorities would have taken anywhere from 25% to 39.six%, depending on revenue enhancement bracket and other factors. Virtually people pay the highest rate.
Setting an Case
When Marie won the lottery, she had plans that all sounded very honorable. She said she would donate first to her church and and so motility out of her mobile home and buy a new house for her children. She also planned to set up upwardly college funds for them.
Marie told NBC, "All the struggle that I always went through, it was all for [my children]. I desire them to understand that money doesn't change you, but it can help y'all." The public roughshod in dearest with Marie after hearing nearly her history of poverty and difficult knocks before she became wealthy.
Could She Handle Information technology?
The reputation that Marie had in her hometown and elsewhere was that of a hard-working, single female parent who, co-ordinate to her family unit and friends, "understood the value of a dollar." At 1 bespeak, she had 2 jobs — Walmart and McDonald's — to support her four children. Therefore, nobody expected her to brand poor decisions about where the coin would become.
Of class, no one took into business relationship that Marie was inexperienced and uninformed about how to handle large amounts of money. When she started deciding how to spend the lottery money, the public viewed her equally immature and irresponsible.
Fiscal Advisor, Delight?
When people who aren't wealthy win a lot of money, it's highly recommended that they seek professional help about how to manage the money, including what NOT to practise with it. The boilerplate American has absolutely no experience treatment big amounts of money.
Financial advisors warn that even titanic amounts of money tin can disappear rapidly if it isn't invested wisely. In the case of Marie Holmes, information technology seemed like her heart was in the right place and she was doing what she thought was right, but some expert advice definitely would take helped her out.
The Bad Judgment Begins
The first thing dubbed a poor judgment telephone call by the public was the $15,000 Rolex that Marie bought her fellow, Lamar "Hot Sauce" McDow. The lookout man was more jewelry than a timepiece and was reportedly "dripping with diamonds."
That aforementioned boyfriend ultimately cost Marie much more. The Port City Daily reported Lamar was a gang fellow member and a drug dealer after he was arrested and charged with "conspiracy to traffic in opium or heroin" in April 2016. He connected to get arrested throughout their relationship, and Marie spent millions on his bond and defense.
The Saga Continues
Before beingness sent to jail on drug charges in 2014, Lamar McDow lived with Marie Holmes and her children in her trailer. When he was released from jail subsequently serving his sentence, he lived in the $350,000 home that she had purchased after winning the lottery.
According to the Daily Mail, of the original corporeality of $188 meg, Marie was left with about $88 million after deciding to take her winnings in a lump sum and paying taxes. This is notwithstanding a very large amount of money, but a loss of $100 million is plainly very pregnant.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her boyfriend for coin after they heard she won the lottery. The people included friends, family members and numerous others, all requesting various amounts of coin for all kinds of reasons. Unfortunately, this experience is common for lottery winners.
Marie and Lamar were constantly harassed for money handouts, and it became very stressful for them. Marie was quoted equally proverb, "When money comes, at that place are more problems," according to reports.
Racial Intolerance in Their New Domicile
Another trouble that plagued Marie and her family in their new life in their new abode was harassment from neighbors due to racial prejudice. The neighborhood that Marie moved into with her family was an intolerant, primarily white community, and much to the family'south chagrin, the residents were not interested in changing.
According to Lamar, "One neighbour set up upwardly a camera to record everything we were doing. If I was driving downwardly the road and going at the speed limit, they would wave at me for going too fast. They did not desire usa there. They were prejudiced." Lamar reported these agonizing events to the Daily Mail.
The Church Donation
Marie stayed true to her discussion, which was reported in a press release equally "The first thing she promised was to tithe — give a tenth of her winnings to charity." Marie donated a total of $700,000 to her hometown church, Pleasant Hill Missionary Baptist Church, located in Shallotte, NC.
The church reportedly used the money for much-needed renovations. Marie told the press the church was an of import part of her life and her religion and that she had been attending that particular church building since she was a child.
Pastor Disaster
Unfortunately, a dissimilar pastor made contact with Marie and her family with an evil ulterior motive. Pastor Kevin Matthews claimed that "God led him to them," and although they certainly regretted information technology afterward, Marie and her family believed him and allowed him into their lives and their domicile.
Soon afterwards coming together Marie, Pastor Matthews asked her for $1.v million so he could build a retreat. According to him, Marie verbally agreed to fund the projection, although there is no show to support that. He and so went ahead and began construction on the retreat using his own coin. Marie did not contribute.
Wicked Intentions
Citing a verbal agreement in which Marie allegedly promised to donate $1.5 meg for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $10 million. The amount of money named in the conform was inexplainable, considering the amount he was allegedly promised was much less.
The public believed Pastor Matthews was being ungrateful and greedy. His beliefs seemed unbecoming of a Christian leader to near people of faith. The justification for his lawsuit was that he had a verbal understanding with Marie for a money donation and compensation for "emotional distress."
Public Outrage
As presently equally the media caught wind of the lawsuit, they uncovered that Matthews did not appear to be affiliated with any church building. This led to a severe, angry public backlash. People shamed Matthews for being a fraud and trying to scam a nice lady out of her rightful winnings.
One YouTuber, "Donald the Repentless," was so mad about this that he put out videos entitled, "F*** You Pastor Kevin Matthews." Public opinion was clear that this so-chosen "pastor" was nothing just a money-grubbing scam artist preying on a squeamish lady to go his hands on a lot of undeserved money.
To Top It Off: Infidelity
In more than bad news for Marie and her children, the media reported that her ex-convict swain was being unfaithful. Unfortunately, it was besides reported that she herself paid Lamar'south mistresses hush money to go away instead of getting rid of him.
In more reputation damaging news, a video surfaced on Facebook of a adult female who claimed that in addition to Lamar cheating on Marie, he was also stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, as juicy gossip oftentimes does.
Powering Through
Instead of withering under the scrutiny of the media and the public, Marie decided to take drastic measures to meliorate her circumstances. She gathered her strength and took matters into her own hands past turning to a well-known life coach to get some advice near how to improve her life.
Marie contacted Iyanla Vanzant, who has her own show advising people about their relationships on the Oprah Network. Vanzant is a renowned author and motivational speaker with a huge following due to her reputation for changing people's lives for the better.
The Truth Revealed
In another surprising twist, when Marie went on the Iyanla: Fix My Life talk show, her mother, Fontella, came out and revealed that the numbers she chose for the winning lottery ticket were actually hers and that they had a very special significant.
"I kept dreaming about your brother that we lost. His birthday, he was the third child, he'd have been 25 that yr. Those were the numbers." When Marie asked her mother why she didn't claim the money for herself, Fontella replied, "I only wanted you to better yourself for the babies."
The Scoop on Lamar McDow
Lamar "Hot Sauce" McDow was fortunate enough to stay in Marie'due south proficient graces long plenty to fight jail iii times, to the tune of millions in bail and legal fees. The first time Marie bailed him out, it cost her $3 million in bond money.
Before a year had passed, Lamar was arrested again, and Marie bailed him out again for $6 meg. The third time Marie bailed out Lamar, it was $12 million. Y'all would recall she would have been repulsed by his criminal behavior, simply she just kept spending the coin, resulting in widespread criticism.
Misery Loves Visitor
Marie was warned by many people that if she continued her relationship with Lamar, she could end up with criminal charges herself. Unfortunately, that'due south exactly what happened. 1 night, Lamar violated his parole curfew. When the police force came, they discovered marijuana in the business firm.
Tragically, Marie was arrested for possession in front end of her children. Marijuana remains illegal in Due north Carolina, but there is a significant racial bias about who is criminalized for information technology, according to the ACLU. The same number of white people as black people use marijuana, but blacks are 3.73 times more probable to be arrested.
The Boyfriend Defence force
Lamar eventually got aroused at the people criticizing Marie for spending her money bailing him out of jail, and he lashed out. To the Daily Postal service, he asserted, "We are a couple, and I am the father of her youngest child. This is what people do for each other."
Lamar went on to say, "She has the money, and she can practice what she wants with it. If I had that money, and then I would practice the same for her. People are simply jealous considering of how much she won, and people want to meet me locked in jail."
The Wolf Pit
During the taping of the Iyanla evidence, the bad headlines merely kept rolling in. Marie'southward family and fifty-fifty former friends started accusing her of actually stealing the lottery ticket from her mother, despite Fontella freely admitting on boob tube that she had given the ticket to Marie.
To add together to the stress and drama, Lamar went to jail at this time on a 7-year judgement for charges related to possessing and selling heroin. True to course, Marie persisted in pushing forward and moving on with her life, demonstrating her strength and resilience.
A Goal Met
Despite poor gustatory modality in partners, Marie did make some skilful decisions most what to do with some of her money. She ended upward giving $9.7 1000000 to diverse charities. Role of that money went to the brand-new Marie Holmes Foundation, which was established to provide for children in need.
Marie's foundation provides necessities for underprivileged children. Information technology also holds customs events, which are how some children get their school supplies and their Christmas presents. The foundation helps struggling immature mothers like Marie was before she won the lottery.
Do Christians Run a risk?
Marie was raised a devout Catholic, and she leans heavily on her Christian faith. Some people criticized her for playing the lottery at all, because information technology tends to exist frowned upon past the church building. People have mixed opinions when information technology comes to Christians gambling.
Ane pastor said this to the Christian Post: "Y'all can't exist against the lottery, only your youth department is doing a RAFFLE! Same affair, pastor. SAME THING!" The stigma remains near gambling existence an irresponsible coin-waster. Others argue that there is null specific said about gambling in the Bible, then it's okay when it'southward not driveling.
The Root of All Evil
Other religious people, such as one pastor cited in the Christian Mail, pointed out that the Bible says that money is where evil originated. He scolded Marie for buying the lottery ticket and went on to say, "First, we must baby-sit against our dearest of money."
It should exist noted that when the Bible does mention "casting lots," it's not normally talking nigh fabric gain, simply nigh God. In an example of this, Proverbs 16:33 states, "The lot is cast into the lap, but its every decision is from the Lord."
Some Friendly Communication
We recommend that others read the unfortunate story of Marie Holmes in example they observe themselves in her shoes. Information technology'south not at all easy to get from rags to riches, and similar versions of her story have happened to others.
Information technology's of import to understand revenue enhancement laws for the long term, the rules of the lottery and investment options if yous ever find yourself in the position of receiving a large windfall of coin. Exist sure to hire a practiced professional fiscal expert to aid you decide how to manage your money to avoid reckless decisions.
A Cautionary Tale
If you ever happen to notice yourself in the unlikely position of winning the lottery some things to watch out for include government laws, lottery rules, land and federal taxes and your previous unpaid debts. These things can assistance y'all calculate your expendable income.
Information technology may be unwise in the initial excitement to promise lots of charitable giving, like Marie did, without starting time doing the math to see what your accept-habitation amount really is. Multiple millions of dollars may seem like an enormous amount, just every bit Marie discovered, it'due south easy to fire through it rapidly if y'all are uninformed.
Further Drama
Some think that Marie had a run of terrible luck after she won the lottery, while others remember she brought her woes upon herself with poor decision-making. A few think the truth lies somewhere in the centre of those two black-and-white judgments.
Aside from spending millions on her young man — who eventually ended upwardly in federal prison anyway — Marie also fabricated some other questionable decisions later winning the lotto, such as ownership her beau a business of his ain and buying her mother a firm. She likewise had harassment charges filed against her for allegedly calling a adult female repeatedly to threaten her.
The Bottom Line
The catastrophe of this story is mostly grim, although Marie Holmes did do some positive things with a lasting impact earlier the last of her money was gone. She didn't seem to realize that she would be under a microscope with the media and the public.
Here are a couple more tips, just in case y'all ever striking it big: Don't trust anyone asking for money, even if they seem to have a very respectable social status (like the pastor who sued Marie Holmes). Remember the adept that money can do, merely don't forget the bad. No matter what, don't brand assuming promises immediately later winning.
Source: https://www.reference.com/business-finance/what-not-to-do-if-you-win-lottery?utm_content=params%3Ao%3D740005%26ad%3DdirN%26qo%3DserpIndex
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