Thread: Smart Spending

AH Las VEGAS here I come. LOL

Charities begin at home. I may donate to a few CANCER programs but the rest is mine.

Greedy Little Bugger Aren"t I> Lol

man after my own heart!

after 66 years of life with a good 50 years breaking my back to make a living I think I deserve to Keep a little of the OIL MONEY from IRAQ>

Originally Posted by MOM2TWO

The other night, my husband and I were sitting on our patio having a cocktail, and dreaming of how our life will be post rv. When all of a sudden, my husband (who is typically EXTREMELY financially responsible) starts spouting off all of the things he WILL buy!! I panicked and have been printing out articles to scare him to death. LOL I no longer have the fear that my husband will buy an airplane and a bomb shelter (lol, must have been the cocktails ), but I started worrying about some here on Rol.

I know this subject has been talked about a lot of times......but, I think it is so important that it should be brought back up! Here is something I found to be interesting...


These sad-but-true tales are not uncommon, say the experts.

"For many people, sudden money can cause disaster," says Susan Bradley, a certified financial planner in Palm Beach, Fla., and founder of the Sudden Money Institute, a resource center for new money recipients and their advisors.

"In our culture, there is a widely held belief that money solves problems. People think if they had more money, their troubles would be over. When a family receives sudden money, they frequently learn that money can cause as many problems as it solves," she says.

Craig Wallace, a senior funding officer for a company that buys lottery annuity payments in exchange for lump sums, agrees.

"Going broke is a common malady, particularly with the smaller winners. Say you've won $1 million. What you've really won is a promise to be paid $50,000 a year. People win and they think they're millionaires. They go out and buy houses and cars and before they know it, they're in way over their heads," he says.


8 lottery winners who lost their millions - MSN Money

I know the dinar is not winning the lottery....but sudden wealth is all the same.

Can't wait to be responsible with my millions!!! lol

This is a really great post. I think it's scary myself, but have thought things through. The money needs to be invested so that it can work for me. No big houses or the like. I don't fit in with the "elite" anyways. It's good to keep yourself grounded and do the responsible thing. I've even thought about not telling anybody about my windfall and just loan out money as "I" see fit.

Very good point MOM2TWO.

GOD helps those Who help themselfs. ---Baby I finally know what that means. I sacrificed all my life now I have seen the oporrtunity to REAP! and REAP i will!

Very good MOM2two. Not a bad input. Just lay low. Pay your taxes and Lay low. I kinda like that idea. HUMMMMMMMM!

ONLY ONE PROBLEM with the dreaming though, WHEN IS IT EVER GOING TO COME TRUE?!

Originally Posted by MOM2TWO

The other night, my husband and I were sitting on our patio having a cocktail, and dreaming of how our life will be post rv. When all of a sudden, my husband (who is typically EXTREMELY financially responsible) starts spouting off all of the things he WILL buy!! I panicked and have been printing out articles to scare him to death. LOL I no longer have the fear that my husband will buy an airplane and a bomb shelter (lol, must have been the cocktails ), but I started worrying about some here on Rol.

I know this subject has been talked about a lot of times......but, I think it is so important that it should be brought back up! Here is something I found to be interesting...


These sad-but-true tales are not uncommon, say the experts.

"For many people, sudden money can cause disaster," says Susan Bradley, a certified financial planner in Palm Beach, Fla., and founder of the Sudden Money Institute, a resource center for new money recipients and their advisors.

"In our culture, there is a widely held belief that money solves problems. People think if they had more money, their troubles would be over. When a family receives sudden money, they frequently learn that money can cause as many problems as it solves," she says.

Craig Wallace, a senior funding officer for a company that buys lottery annuity payments in exchange for lump sums, agrees.

"Going broke is a common malady, particularly with the smaller winners. Say you've won $1 million. What you've really won is a promise to be paid $50,000 a year. People win and they think they're millionaires. They go out and buy houses and cars and before they know it, they're in way over their heads," he says.


8 lottery winners who lost their millions - MSN Money

I know the dinar is not winning the lottery....but sudden wealth is all the same.

Can't wait to be responsible with my millions!!! lol

Ok so what you are saying is I should rethink my list????

1) Four life size solid gold Elvis statues.
2) Two side by side Olimpic size swimming pools
3) One of said pools to have sharks with laser beams on their heads.
4) Some Alpaca's, not sure what they are good for, but hey they look good on TV, and people seem to like them.
5) With what's left maybe some investments and college funds.