The money didn't change me...

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12/29/2017 1:55 PM

Holy hell, quite the read. Dude will be broke again by New Years Day. Must have fireworks, and bourbon. Lots of bourbon.laughing

http://www.msn.com/en-us/money/personalfinance/broke-man-who-sold-blanket-for-dollar15-million-has-new-woes/ar-BBHuHEx?li=BBmkt5R&ocid=ientp

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12/29/2017 2:00 PM

Seems all to common with people that come into money .

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12/29/2017 2:47 PM

Hey, he's stretched it out for 5 1/2 years so far, so maybe he's got a shot at selling his real estate and making do a little bit better somewhere else. California real estate has to have appreciated a little bit since 2012-2013.....

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12/29/2017 2:54 PM

i would buy PornHub

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12/29/2017 2:56 PM

peelout wrote:

i would buy PornHub

It's free

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12/29/2017 4:50 PM

I just bought both a Powerball ticket AND a Megamillions ticket. I can't lose!

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12/29/2017 5:41 PM

"Were getting taxed to death here in California, and it's hard to survive without working"

Now, he knows how we pay for all the disability checks.

That article should go in the hall of fame.

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12/29/2017 8:01 PM

What!! His disability checks went away after he got his windfall! What kind of country do we live in that would do that! shocked

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12/29/2017 8:34 PM

peelout wrote:

i would buy PornHub

MR. X wrote:

It's free

Yeah but how much does it cost?

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12/30/2017 4:03 AM

Stupid. Why 2 homes with no income...

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12/30/2017 1:19 PM

Foolish to think 1 million is enough to live a life of luxury without working.

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12/30/2017 1:25 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

Especially in California

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12/30/2017 2:17 PM
Edited Date/Time: 12/30/2017 2:19 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

It would take some discipline, but someone could live pretty well off returns on investments. Not luxury, but at least somewhat comfortably.

This guy went the shiny new car route.

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12/30/2017 2:27 PM

A million is certainly enough money to not need an alarm clock anymore . Not baller R8 or custom mopar money .

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12/30/2017 2:54 PM

$10000 a year in taxes for 2 houses? Seems cheap compared to the shitty state of N.J. I always thought Cali was the most expensive.

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12/30/2017 5:01 PM

He probably only ended up with about 750K, which IS a lot of money not exactly rubbing elbows with Bill Gates.

Sounds like his disability is legit, lost his leg in a car accident. Surprised that he lost his disability payments, his leg didn't suddenly grow back or anything.

Sounds like the second home is a rental, so sounded like good intentions but may have tied up too much cash.

The real estate purchases were probably decent investments, even if by accident. It'd be hard to believe that there isn't decent appreciation in that area since he sold the blanket.

If he'd have taken that money and put it into strictly income producing investments, not playing the market like a young guy, he'd have probably grossed less than 30K per year.

It sounds like the gist of the story is that the windfall had some really big positives and some unforeseen (to him) negatives more than him being a total dumbass. It looks like people thought he sold the blanket just a few months ago and he'd blown through the money. But he sold it in 2012, and he doesn't appear to be bankrupt right now.

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12/30/2017 7:24 PM
Edited Date/Time: 12/30/2017 7:25 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

Ebs wrote:

It would take some discipline, but someone could live pretty well off returns on investments. Not luxury, but at least somewhat comfortably.

This guy went the shiny new car route.

Not even close to being accurate. Unless you live in a shit part of California, no way a million before taxes will sustain you here without secondary income.

Then again, I live in a really jacked up area income-wise.

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12/31/2017 12:29 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

Ebs wrote:

It would take some discipline, but someone could live pretty well off returns on investments. Not luxury, but at least somewhat comfortably.

This guy went the shiny new car route.

I make a decent middle class income... If I stumbled upon a million, I'd pay off the house and my tiny bit remaining on my truck, maybe take an actual trip somewhere, but I sure wouldn't quit working... Sure, I'd be able to invest some here and there, but I wouldn't give up my career... I might buy the shop coffee run more often tho.
Some places a million hardly buys you a decent home with a yard.

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12/31/2017 4:28 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

Ha. 1 million? Need atleast 4-6 to retire. But you also gotta be 65 years old minimum.

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GP740
Since 1987

1/1/2018 4:55 PM
Edited Date/Time: 1/1/2018 4:57 PM

White_Trash wrote:

Foolish to think 1 million is enough to live a life of luxury without working.

It sure would help me pay off my house and.... Uh that's it. I don't have any other loans. I could put a mill to good use and be pretty well off that's for sure. But I live in North Central PA where housing is pretty darn cheap compared to a lot of places.

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