If I Already Had Win 10 and Reformated Can I Get It Free Again
Everybody needs money to survive. It'due south a fact we may not like, only information technology'due south withal a fact. Some other inescapable truth is that most of united states of america could use more money for the things nosotros need likewise as the things we just want. That probably makes the promise of winning the lottery audio similar a dream come true, just the reality is much more complicated than that.
Consider this cautionary tale of a adult female in desperate demand who won an unbelievable amount of money. The choices and mistakes she made after winning ultimately resulted in losing information technology all. Her story reminds the states all to never forget that money doesn't purchase happiness.
Run across Marie Holmes
When she was 26, Marie Holmes was living a difficult life in North Carolina. She was a hard-working, single mother of 4 with 2 low-paying jobs. On acme of this, ane of her children had merely been diagnosed with cerebral palsy.
Because of her child'south special needs, Marie was forced to quit both of her jobs to care for him total time. Plain, the $188 million lottery windfall seemed like a Godsend when Marie won, but unfortunately, she fabricated a series of poor decisions that resulted in her losing it all.
Marie'south Original Plans
Marie made some promising comments about what she planned to do with the lottery coin — $127 million after she chose to get information technology in a lump sum. "Start I'thou going to pay my tithes, because I wouldn't have none of it if it weren't for God."
"Later that, I'yard going to set up accounts for my kids…I'm going to buy a business firm for me and my kids, then make certain my family is all good." Marie as well told WGN-Television receiver, "I don't take to worry about the word 'struggle' no more and neither exercise [my children]."
The Waiting Game
Although most 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. Notwithstanding, there is a lengthy process involved in claiming large lottery winnings.
The ticket has to exist verified by a scanning auto. Adjacent, there is a waiting period for the coin to be awarded, and the winner must fill out some identification paperwork. Last, the winner must decide if they want all the money in a lump sum or have it dispersed in installments for xxx years (on average).
Choices, Choices
One of the more than difficult choices when a person wins millions of dollars in a lottery is whether to go the money in a lump sum or in installments. The dilemma occurs because in that location is a large penalty for getting all the money faster in a lump sum.
Marie had the option of collecting the entire $188 million over 30 years or forfeiting $61 1000000 and collecting the remaining $127 meg much sooner. Financial experts ordinarily recommend taking the lump sum and investing the money. That allows you lot the opportunity to make money on your winnings instead of the country. Marie chose the lump sum.
Uncle Sam's Cut
Many people don't know how much taxes people have to pay out of lottery winnings in the U.S., so we'll break information technology down for you. Although the entire tax amount wasn't reported in Marie Holmes' case, she definitely paid millions to the authorities.
In the U.S., lottery winnings are considered income by the IRS, on both the state and federal levels. Therefore, N Carolina would have taken 5.8% of Marie's $127 million, and the Federal Government would take taken anywhere from 25% to 39.six%, depending on tax bracket and other factors. Most 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 so move out of her mobile home and buy a new house for her children. She also planned to set upward college funds for them.
Marie told NBC, "All the struggle that I always went through, it was all for [my children]. I want them to understand that money doesn't change y'all, merely it can assistance you." The public cruel in love with Marie after hearing about her history of poverty and hard knocks before she became wealthy.
Could She Handle It?
The reputation that Marie had in her hometown and elsewhere was that of a hard-working, unmarried mother who, according to her family unit and friends, "understood the value of a dollar." At one signal, she had ii jobs — Walmart and McDonald'due south — to support her iv children. Therefore, nobody expected her to make poor decisions about where the money would go.
Of course, no one took into account 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.
Financial Advisor, Delight?
When people who aren't wealthy win a lot of money, information technology's highly recommended that they seek professional help about how to manage the money, including what NOT to practice with it. The average American has absolutely no experience handling large amounts of coin.
Fiscal advisors warn that even titanic amounts of money can disappear rapidly if it isn't invested wisely. In the case of Marie Holmes, it seemed like her heart was in the correct place and she was doing what she thought was right, but some expert communication definitely would have helped her out.
The Bad Judgment Begins
The first thing dubbed a poor judgment call by the public was the $15,000 Rolex that Marie bought her boyfriend, Lamar "Hot Sauce" McDow. The watch was more than jewelry than a timepiece and was reportedly "dripping with diamonds."
That same swain ultimately toll Marie much more than. The Port Urban center Daily reported Lamar was a gang member and a drug dealer after he was arrested and charged with "conspiracy to traffic in opium or heroin" in April 2016. He continued to get arrested throughout their human relationship, and Marie spent millions on his bond and defense.
The Saga Continues
Before being 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 after 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 amount of $188 million, Marie was left with most $88 million after deciding to take her winnings in a lump sum and paying taxes. This is withal a very big amount of money, but a loss of $100 million is plainly very significant.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her swain for money later 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 as saying, "When money comes, there are more problems," according to reports.
Racial Intolerance in Their New Home
Another problem that plagued Marie and her family in their new life in their new home was harassment from neighbors due to racial prejudice. The neighborhood that Marie moved into with her family was an intolerant, primarily white customs, and much to the family's chagrin, the residents were not interested in changing.
Co-ordinate to Lamar, "One neighbor set up a photographic camera to record everything we were doing. If I was driving down the route and going at the speed limit, they would wave at me for going too fast. They did not want us there. They were prejudiced." Lamar reported these disturbing events to the Daily Mail.
The Church Donation
Marie stayed truthful to her word, which was reported in a press release as "The showtime thing she promised was to tithe — give a tenth of her winnings to charity." Marie donated a full of $700,000 to her hometown church building, Pleasant Hill Missionary Baptist Church, located in Shallotte, NC.
The church reportedly used the coin for much-needed renovations. Marie told the press the church was an important part of her life and her faith and that she had been attending that particular church since she was a kid.
Pastor Disaster
Unfortunately, a different pastor made contact with Marie and her family unit with an evil ulterior motive. Pastor Kevin Matthews claimed that "God led him to them," and although they certainly regretted it later, Marie and her family believed him and allowed him into their lives and their home.
Soon after meeting Marie, Pastor Matthews asked her for $i.5 1000000 and then he could build a retreat. According to him, Marie verbally agreed to fund the project, although there is no evidence to support that. He and then went ahead and began construction on the retreat using his own money. Marie did not contribute.
Wicked Intentions
Citing a verbal understanding in which Marie allegedly promised to donate $ane.v 1000000 for his retreat, Pastor Kevin Matthews appear publicly that he was suing Marie Holmes for $10 million. The corporeality 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 behavior seemed unbecoming of a Christian leader to nearly 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 soon equally the media caught air current of the lawsuit, they uncovered that Matthews did not appear to exist affiliated with whatsoever church. This led to a astringent, aroused public backlash. People shamed Matthews for being a fraud and trying to scam a dainty lady out of her rightful winnings.
Ane YouTuber, "Donald the Repentless," was and then mad about this that he put out videos entitled, "F*** You Pastor Kevin Matthews." Public opinion was articulate that this so-called "pastor" was nothing merely a money-grubbing scam artist preying on a nice lady to become his hands on a lot of undeserved money.
To Top Information technology Off: Adultery
In more bad news for Marie and her children, the media reported that her ex-convict boyfriend was being unfaithful. Unfortunately, it was too reported that she herself paid Lamar's mistresses hush money to become away instead of getting rid of him.
In more reputation damaging news, a video surfaced on Facebook of a woman who claimed that in addition to Lamar adulterous on Marie, he was also stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, as juicy gossip oft does.
Powering Through
Instead of withering under the scrutiny of the media and the public, Marie decided to take drastic measures to improve her circumstances. She gathered her strength and took matters into her ain hands past turning to a well-known life autobus to go some advice most how to improve her life.
Marie contacted Iyanla Vanzant, who has her ain show advising people almost their relationships on the Oprah Network. Vanzant is a renowned writer and motivational speaker with a huge following due to her reputation for changing people'due south lives for the better.
The Truth Revealed
In another surprising twist, when Marie went on the Iyanla: Ready My Life talk show, her mother, Fontella, came out and revealed that the numbers she chose for the winning lottery ticket were really hers and that they had a very special meaning.
"I kept dreaming about your blood brother that we lost. His altogether, he was the third child, he'd have been 25 that yr. Those were the numbers." When Marie asked her female parent why she didn't claim the money for herself, Fontella replied, "I simply wanted you lot to better yourself for the babies."
The Scoop on Lamar McDow
Lamar "Hot Sauce" McDow was fortunate enough to stay in Marie's skilful graces long enough to fight jail three times, to the tune of millions in bail and legal fees. The kickoff time Marie bailed him out, it cost her $three one thousand thousand in bond money.
Before a twelvemonth had passed, Lamar was arrested again, and Marie bailed him out once more for $vi 1000000. The third fourth dimension Marie bailed out Lamar, it was $12 million. Yous would think she would have been repulsed past his criminal behavior, only she just kept spending the money, resulting in widespread criticism.
Misery Loves Visitor
Marie was warned by many people that if she continued her human relationship with Lamar, she could terminate up with criminal charges herself. Unfortunately, that's exactly what happened. 1 night, Lamar violated his parole curfew. When the law came, they discovered marijuana in the firm.
Tragically, Marie was arrested for possession in front of her children. Marijuana remains illegal in North Carolina, only there is a significant racial bias about who is criminalized for it, according to the ACLU. The same number of white people as black people use marijuana, but blacks are 3.73 times more than probable to be arrested.
The Boyfriend Defense
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 Mail, he asserted, "We are a couple, and I am the father of her youngest child. This is what people practice for each other."
Lamar went on to say, "She has the money, and she tin can do what she wants with it. If I had that money, then I would do the aforementioned for her. People are just jealous considering of how much she won, and people desire to see me locked in jail."
The Wolf Pit
During the taping of the Iyanla show, the bad headlines but kept rolling in. Marie's family and even former friends started accusing her of really stealing the lottery ticket from her mother, despite Fontella freely admitting on television that she had given the ticket to Marie.
To add to the stress and drama, Lamar went to jail at this time on a vii-year sentence for charges related to possessing and selling heroin. True to class, Marie persisted in pushing frontwards and moving on with her life, demonstrating her strength and resilience.
A Goal Met
Despite poor sense of taste in partners, Marie did make some good decisions almost what to do with some of her money. She ended up giving $nine.seven one thousand thousand to various charities. Part of that money went to the make-new Marie Holmes Foundation, which was established to provide for children in demand.
Marie's foundation provides necessities for underprivileged children. It also holds community events, which are how some children get their schoolhouse supplies and their Christmas presents. The foundation helps struggling immature mothers like Marie was before she won the lottery.
Practise Christians Take chances?
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 it tends to be frowned upon by the church building. People have mixed opinions when it comes to Christians gambling.
One pastor said this to the Christian Postal service: "Y'all can't be against the lottery, just your youth department is doing a RAFFLE! Same matter, pastor. SAME Affair!" The stigma remains about gambling existence an irresponsible money-waster. Others debate that there is zip specific said about gambling in the Bible, and then it's okay when information technology'southward non abused.
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, "Start, we must guard against our love of coin."
It should be noted that when the Bible does mention "casting lots," it's not usually talking virtually cloth gain, but about God. In an example of this, Proverbs 16:33 states, "The lot is bandage into the lap, but its every decision is from the Lord."
Some Friendly Advice
Nosotros recommend that others read the unfortunate story of Marie Holmes in case they find themselves in her shoes. Information technology's non at all easy to go from rags to riches, and similar versions of her story have happened to others.
It'south important to empathise tax 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 money. Exist sure to hire a adept professional financial expert to help you decide how to manage your money to avert reckless decisions.
A Cautionary Tale
If yous ever happen to detect yourself in the unlikely position of winning the lottery some things to scout out for include government laws, lottery rules, state and federal taxes and your previous unpaid debts. These things can help you calculate your expendable income.
It may be unwise in the initial excitement to promise lots of charitable giving, like Marie did, without first doing the math to see what your take-abode corporeality actually is. Multiple millions of dollars may seem like an enormous amount, but as Marie discovered, it'due south easy to burn through it apace if you are uninformed.
Further Drama
Some think that Marie had a run of terrible luck later on she won the lottery, while others call up she brought her woes upon herself with poor decision-making. A few call up the truth lies somewhere in the middle of those ii black-and-white judgments.
Aside from spending millions on her boyfriend — who somewhen ended upward in federal prison house anyway — Marie also fabricated another questionable decisions afterwards winning the lotto, such as buying her boyfriend a business concern of his own and buying her mother a firm. She also had harassment charges filed against her for allegedly calling a woman repeatedly to threaten her.
The Lesser Line
The ending of this story is generally grim, although Marie Holmes did do some positive things with a lasting impact before the final of her coin 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 than tips, just in case yous always hit it big: Don't trust anyone asking for money, even if they seem to have a very respectable social condition (like the pastor who sued Marie Holmes). Call up the practiced that money can do, but don't forget the bad. No matter what, don't brand bold promises immediately afterward 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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