This is rather sad - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Lemonade Stand > Lemonade Stand Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 12-14-2004, 12:19 PM   #1
Blue Crack Addict
 
MissVelvetDress_75's Avatar
 
Join Date: Dec 2001
Location: basking in my post-concert glow still mesmerized by the orbit of his hips..Also Holding Bono Close as he requested.
Posts: 25,776
Local Time: 10:57 PM
This is rather sad

[q]Wife regrets husband's $314M lottery windfall
‘I wish I would have torn the ticket up,’ she tells paper

The Associated Press
Updated: 11:07 a.m. ET Dec. 14, 2004


CHARLESTON, W.Va - The wife of the lottery winner who took home the richest undivided jackpot in U.S. history says she regrets his purchase of the $314 million ticket that has thrust her family into the public spotlight.

“I wish all of this never would have happened,” Jewel Whittaker told The Charleston Gazette for Tuesday’s editions. “I wish I would have torn the ticket up.”

Since winning the lottery two years ago, her husband, Jack Whittaker, has been arrested twice for drunken driving and has been ordered into rehab. He also faces charges he attacked a bar manager, and is accused in two lawsuits of making trouble at a nightclub and a racetrack.

There have been several thefts involving Whittaker’s vehicle, his office and his house in Scott Depot. One of the thefts occurred at his home in September on the same day an 18-year-old friend of Whittaker’s granddaughter was found dead there. The death remains under investigation.

Last week Whittaker, 57, reported his granddaughter missing. Putnam County sheriff’s Sgt. Lisa Arthur said the granddaughter is not considered a kidnapping victim.

Whittaker took his winnings in a lump sum of $113 million after taxes. He has donated more than $20 million to charity, said his lawyer, Norm Daniels.[/q]
__________________

__________________
MissVelvetDress_75 is offline  
Old 12-14-2004, 01:07 PM   #2
Blue Crack Distributor
 
tiny dancer's Avatar
 
Join Date: Jun 2001
Location: small town Pennsylvania, USA
Posts: 87,209
Local Time: 03:57 AM
How awful for this to happen to all of one family just by winning the big time. Like it has been said before, money can't buy you happiness, regardless of what.
__________________

__________________
Into the heart of a child...
tiny dancer is offline  
Old 12-14-2004, 01:31 PM   #3
Rock n' Roll Doggie
ALL ACCESS
 
BluRmGrl's Avatar
 
Join Date: Mar 2004
Location: Leather Heaven
Posts: 7,808
Local Time: 11:57 PM
I've often said if I ever came into a signifcant amount of money, the first thing I'd do is hire a competent (and trustworthy) financial planner/accountant. Then I'd start giving away large sums of money to family, friends and charities...that way anyone interested in just separating me from my money will have more than one target to choose from!

Seriously, this should show that money is not the answer to all of life's problems. It brings plenty of its own.
__________________
BluRmGrl is offline  
Old 12-14-2004, 01:34 PM   #4
ONE
love, blood, life
 
melon's Avatar
 
Join Date: Oct 2000
Location: Toronto, Ontario
Posts: 11,781
Local Time: 10:57 PM
This is usually why people this wealthy move into highly secured mansions. A big house and a gate is likely more to ensure security and prevent theft, more than a show of excess...although the latter makes such virtual imprisonment enjoyable.

Melon
__________________
melon is offline  
Old 12-14-2004, 01:42 PM   #5
Blue Crack Addict
 
verte76's Avatar
 
Join Date: May 2002
Location: hoping for changes
Posts: 23,331
Local Time: 03:57 AM
Wow, what a mess. I might stop entering lotteries.
__________________
verte76 is offline  
Old 12-14-2004, 01:56 PM   #6
Blue Crack Addict
 
Join Date: Jul 2001
Posts: 17,927
Local Time: 10:57 PM
But think of this, they could still have those problems and be POOR! My husband has more than 2 DUI's, and we're broke! I also know a family stalked by a robber who always cuts their phone line first. I remember what Pee Wee Herman once said, that he heard people with money still have problems, and he said yes, but it was better than having problems and not having the money.
__________________
U2Kitten is offline  
Old 12-14-2004, 02:41 PM   #7
Blue Crack Addict
 
beli's Avatar
 
Join Date: Aug 2002
Location: In a frock in Western Australia
Posts: 15,464
Local Time: 11:57 AM
I often think with these mega lotteries that instead of giving one person / family 300 million that it would be better to give 3000 familys $100,000 each.

$100,000 would get rid of a number of financial issues eg pay off the credit cards, the bills, trade in the bomb for a more reliable car, have a little holiday and put a bit on the mortgage.

But everytime I talk about that people say no one would buy the tickets cause its not sexy enough
__________________
beli is offline  
Old 12-14-2004, 02:52 PM   #8
The Fly
 
The Sneak's Avatar
 
Join Date: Dec 2004
Location: Bono's lil' sister!
Posts: 33
Local Time: 03:57 AM
100,000 will not make anyone financially secure. You can't quit work on that. You need at least a million. But I could never hoard 113 million with so many people around who have nothing. I'd keep about10 to keep myself and my family secure for life and give the rest away.
__________________
The Sneak is offline  
Old 12-14-2004, 03:00 PM   #9
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 07:57 PM
i know lots of people with multiple DUIs that are broke

what does the lotto ticket have to do with this?

these people are just stupid.
__________________
deep is offline  
Old 12-14-2004, 03:05 PM   #10
Blue Crack Addict
 
beli's Avatar
 
Join Date: Aug 2002
Location: In a frock in Western Australia
Posts: 15,464
Local Time: 11:57 AM
Quote:
Originally posted by The Sneak
100,000 will not make anyone financially secure. You can't quit work on that. You need at least a million. But I could never hoard 113 million with so many people around who have nothing. I'd keep about10 to keep myself and my family secure for life and give the rest away.
No it wouldnt make anyone financially secure but it would take the edge off. Thats what I meant. People would still need to work but at least with the pile of bills reduced day to day living would be less financially stressful.
__________________
beli is offline  
Old 12-14-2004, 04:36 PM   #11
Refugee
 
starsforu2's Avatar
 
Join Date: Jul 2004
Location: Ashburn, VA (and permanently residing in u2bonogirls head!)
Posts: 2,070
Local Time: 11:57 PM
Studies have shown that many lottery winners end up bankrupt anyway. If you don't know how to manage a little bit of money, chances are you'll mismanage more of it. By giving 100,000 to 3000 families, you might help out, but if they are in debt because of mismanagement, all you'll be doing is delaying the inevitable.

There are quite a few people who believe the Lottery is bad news anyway. In general only poor people play it, and so all you're doing is pooling all the money in the poor community over to one person. Having lived in a ghetto-like neighborhood right after college, I noticed that far more people stood in line for the lotto then when I moved away to a more middle-class working neighborhood.

Richer people tend to invest their money in the stock-market (a different form of gambling ) instead of buying lotto tickets. So all the lotto does is redistribute wealth. Kind of like our tax system
__________________
starsforu2 is offline  
Old 12-14-2004, 04:43 PM   #12
Blue Crack Addict
 
beli's Avatar
 
Join Date: Aug 2002
Location: In a frock in Western Australia
Posts: 15,464
Local Time: 11:57 AM
Quote:
Originally posted by starsforu2
By giving 100,000 to 3000 families, you might help out, but if they are in debt because of mismanagement, all you'll be doing is delaying the inevitable.
Debt does not mean mismanagement. It can be. It can also just be a fact of life. Most people would not be able to afford a home or school without a mortgage or student loan.
__________________
beli is offline  
Old 12-14-2004, 04:59 PM   #13
Refugee
 
starsforu2's Avatar
 
Join Date: Jul 2004
Location: Ashburn, VA (and permanently residing in u2bonogirls head!)
Posts: 2,070
Local Time: 11:57 PM
Quote:
Originally posted by beli


Debt does not mean mismanagement. It can be. It can also just be a fact of life. Most people would not be able to afford a home or school without a mortgage or student loan.
I qualified my answer by saying "if they are in debt because of mismanagement, all you'll be doing is delaying the inevitable.
"

The If is very important part of my answer. I got into debt for college and I have a mortgage, I've even carried large balances on my credit cards, and at times, I've even mismanaged my money. In debt doesn't necessarily mean mismanagement, but if you mismanage your money eventually you will be in debt.

There will be a portion who learn from their mistakes and would appreciate that they have 100,000 to put toward a home, or bills. But there are some who grew up like Mike Tyson, who have made 100's of millions and still end up broke.
__________________
starsforu2 is offline  
Old 12-15-2004, 03:55 AM   #14
Blue Crack Addict
 
Join Date: Jul 2001
Posts: 17,927
Local Time: 10:57 PM
If people mismanage their money they will most likely be repeat offenders. Like me, and the US Government But I swear, if I got rich now I'd be so afraid of being poor there would be no way I'd blow it and be poor again. The first thing I'd do is set up trust funds for my kids so they'd never have to work or worry about money (and hope they don't end up blowing it!)
__________________
U2Kitten is offline  
Old 12-15-2004, 04:25 AM   #15
Refugee
 
WinnieThePoo's Avatar
 
Join Date: Oct 2003
Location: New England
Posts: 2,232
Local Time: 11:57 PM
so much money , i would get drunk too , hell i 'll buy my own baseball team
__________________

__________________
WinnieThePoo is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 10:57 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com