Democrats Want to Win 2020 So They Can Destroy America Again
Everybody needs money to survive. It's a fact we may not like, but it's still a fact. Some other inescapable truth is that most of us could use more than coin for the things we need as well equally the things we just want. That probably makes the hope of winning the lottery sound like a dream come true, but the reality is much more complicated than that.
Consider this cautionary tale of a adult female in desperate need who won an unbelievable amount of money. The choices and mistakes she made later on winning ultimately resulted in losing it all. Her story reminds us all to never forget that coin doesn't buy happiness.
Meet Marie Holmes
When she was 26, Marie Holmes was living a difficult life in N Carolina. She was a hard-working, unmarried female parent of four with ii depression-paying jobs. On top of this, one of her children had simply been diagnosed with cerebral palsy.
Considering of her child'due south special needs, Marie was forced to quit both of her jobs to treat him full time. Obviously, the $188 1000000 lottery windfall seemed like a Godsend when Marie won, only unfortunately, she fabricated a series of poor decisions that resulted in her losing it all.
Marie'south Original Plans
Marie fabricated some promising comments about what she planned to do with the lottery money — $127 million subsequently she chose to go it in a lump sum. "Start I'm going to pay my tithes, because I wouldn't have none of it if it weren't for God."
"Subsequently that, I'm going to set up accounts for my kids…I'thou going to buy a house for me and my kids, and then make certain my family unit is all proficient." Marie also told WGN-Idiot box, "I don't have to worry about the word 'struggle' no more and neither practise [my children]."
The Waiting Game
Although most lottery winnings are not life changing, lottery jackpots are huge, and there are rules for challenge those winnings. If a person wins less than $599, the establishment that sold them the ticket pays them their winnings. However, at that place is a lengthy process involved in claiming big lottery winnings.
The ticket has to exist verified by a scanning automobile. Next, there is a waiting period for the money to exist awarded, and the winner must fill out some identification paperwork. Last, the winner must make up one's mind if they want all the money in a lump sum or take it dispersed in installments for 30 years (on average).
Choices, Choices
Ane of the more difficult choices when a person wins millions of dollars in a lottery is whether to get the money in a lump sum or in installments. The dilemma occurs considering in that location is a large punishment for getting all the money faster in a lump sum.
Marie had the pick of collecting the unabridged $188 million over 30 years or forfeiting $61 million and collecting the remaining $127 million much sooner. Financial experts commonly recommend taking the lump sum and investing the money. That allows you the opportunity to make coin on your winnings instead of the country. 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., then we'll intermission it downwardly for you lot. Although the entire revenue enhancement amount wasn't reported in Marie Holmes' example, she definitely paid millions to the government.
In the U.S., lottery winnings are considered income by the IRS, on both the land and federal levels. Therefore, North Carolina would have taken 5.viii% of Marie's $127 million, and the Federal Government would accept taken anywhere from 25% to 39.6%, depending on tax subclass and other factors. Well-nigh people pay the highest rate.
Setting an Example
When Marie won the lottery, she had plans that all sounded very honorable. She said she would donate commencement to her church and then motion out of her mobile dwelling house and buy a new business firm for her children. She besides planned to prepare higher funds for them.
Marie told NBC, "All the struggle that I ever went through, it was all for [my children]. I desire them to understand that money doesn't change you, just it can help y'all." The public fell in dearest with Marie later on hearing about her history of poverty and hard 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 mother who, according to her family and friends, "understood the value of a dollar." At ane bespeak, she had 2 jobs — Walmart and McDonald's — to support her iv children. Therefore, nobody expected her to make poor decisions nigh where the money would go.
Of grade, no one took into account that Marie was inexperienced and uninformed nearly how to handle large amounts of money. When she started deciding how to spend the lottery money, the public viewed her as young and irresponsible.
Fiscal Advisor, Delight?
When people who aren't wealthy win a lot of coin, it'southward highly recommended that they seek professional help nigh how to manage the coin, including what Not to do with information technology. The average American has admittedly no experience handling large amounts of money.
Financial advisors warn that even titanic amounts of coin can disappear speedily if it isn't invested wisely. In the case of Marie Holmes, it seemed like her heart was in the right place and she was doing what she thought was right, but some good advice definitely would have helped her out.
The Bad Judgment Begins
The first affair dubbed a poor judgment call by the public was the $fifteen,000 Rolex that Marie bought her boyfriend, Lamar "Hot Sauce" McDow. The watch was more jewelry than a timepiece and was reportedly "dripping with diamonds."
That same boyfriend ultimately price Marie much more than. The Port City 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 connected to become 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 after serving his sentence, he lived in the $350,000 home that she had purchased after winning the lottery.
According to the Daily Post, of the original corporeality of $188 million, Marie was left with about $88 million afterward deciding to take her winnings in a lump sum and paying taxes. This is yet a very large corporeality of money, merely a loss of $100 1000000 is obviously very meaning.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her swain for money afterward they heard she won the lottery. The people included friends, family members and numerous others, all requesting diverse amounts of money 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 maxim, "When money comes, there are more problems," according to reports.
Racial Intolerance in Their New Home
Another trouble 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 community, and much to the family's chagrin, the residents were not interested in changing.
According to Lamar, "One neighbor gear up a camera to tape everything nosotros were doing. If I was driving downwards the road and going at the speed limit, they would wave at me for going likewise fast. They did not want us at that place. They were prejudiced." Lamar reported these disturbing events to the Daily Mail.
The Church Donation
Marie stayed true to her discussion, which was reported in a press release equally "The offset affair she promised was to tithe — give a 10th of her winnings to charity." Marie donated a full of $700,000 to her hometown church, Pleasant Loma Missionary Baptist Church, located in Shallotte, NC.
The church reportedly used the money for much-needed renovations. Marie told the press the church building was an important role of her life and her organized religion and that she had been attending that item church since she was a child.
Pastor Disaster
Unfortunately, a different 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 it after, Marie and her family unit believed him and allowed him into their lives and their dwelling.
Presently after meeting Marie, Pastor Matthews asked her for $1.five million so he could build a retreat. According to him, Marie verbally agreed to fund the project, although there is no show to support that. He then went ahead and began structure on the retreat using his own money. Marie did non contribute.
Wicked Intentions
Citing a verbal agreement in which Marie allegedly promised to donate $i.five 1000000 for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $10 million. The amount of money named in the suit was baffling, 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 most people of organized religion. The justification for his lawsuit was that he had a exact agreement with Marie for a money donation and compensation for "emotional distress."
Public Outrage
As soon as the media caught wind of the lawsuit, they uncovered that Matthews did non appear to be affiliated with any church. 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 then mad well-nigh 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 nice lady to get his hands on a lot of undeserved money.
To Top It Off: Adultery
In more bad news for Marie and her children, the media reported that her ex-convict boyfriend was beingness unfaithful. Unfortunately, information technology was also reported that she herself paid Lamar's mistresses hush money to go 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 cheating on Marie, he was too stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, as juicy gossip ofttimes 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 own easily past turning to a well-known life coach to get some advice about how to ameliorate 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 post-obit due to her reputation for irresolute 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 meaning.
"I kept dreaming well-nigh your blood brother that nosotros lost. His birthday, he was the third child, he'd have been 25 that year. Those were the numbers." When Marie asked her mother why she didn't claim the money for herself, Fontella replied, "I but wanted you lot to amend 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 3 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 1000000. The third time Marie bailed out Lamar, it was $12 meg. You would think she would accept been repulsed by his criminal behavior, but she just kept spending the money, resulting in widespread criticism.
Misery Loves Company
Marie was warned by many people that if she continued her human relationship with Lamar, she could end up with criminal charges herself. Unfortunately, that's exactly what happened. One night, Lamar violated his parole curfew. When the police force came, they discovered marijuana in the house.
Tragically, Marie was arrested for possession in front end of her children. Marijuana remains illegal in North Carolina, but at that place is a pregnant racial bias most who is criminalized for it, according to the ACLU. The same number of white people as black people apply marijuana, merely blacks are 3.73 times more than likely 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 exercise for each other."
Lamar went on to say, "She has the money, and she tin do what she wants with it. If I had that money, then I would do the aforementioned for her. People are simply jealous considering of how much she won, and people want to see me locked in jail."
The Wolf Pit
During the taping of the Iyanla show, the bad headlines just kept rolling in. Marie's family and fifty-fifty former friends started accusing her of actually stealing the lottery ticket from her mother, despite Fontella freely albeit on goggle box that she had given the ticket to Marie.
To add to the stress and drama, Lamar went to jail at this time on a seven-year sentence 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 taste in partners, Marie did brand some good decisions about what to do with some of her coin. She ended up giving $ix.7 meg to various charities. Role of that coin 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 community events, which are how some children get their school supplies and their Christmas presents. The foundation helps struggling young mothers similar Marie was before she won the lottery.
Practise Christians Gamble?
Marie was raised a devout Cosmic, 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. People have mixed opinions when it comes to Christians gambling.
One pastor said this to the Christian Post: "You can't be confronting the lottery, but your youth department is doing a RAFFLE! Same thing, pastor. Aforementioned Affair!" The stigma remains near gambling being an irresponsible coin-waster. Others argue that there is nothing specific said about gambling in the Bible, and so it'due south okay when information technology'south not driveling.
The Root of All Evil
Other religious people, such as one pastor cited in the Christian Mail service, pointed out that the Bible says that money is where evil originated. He scolded Marie for ownership the lottery ticket and went on to say, "First, we must guard against our dear of money."
Information technology should be noted that when the Bible does mention "casting lots," it'south not normally talking about material gain, only about God. In an example of this, Proverbs sixteen:33 states, "The lot is bandage into the lap, merely its every decision is from the Lord."
Some Friendly Advice
We 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 become from rags to riches, and like versions of her story have happened to others.
It's important to understand tax laws for the long term, the rules of the lottery and investment options if you ever find yourself in the position of receiving a large windfall of money. Be sure to rent a good professional person fiscal expert to help you lot decide how to manage your money to avoid reckless decisions.
A Cautionary Tale
If you always happen to find yourself in the unlikely position of winning the lottery some things to picket out for include government laws, lottery rules, country and federal taxes and your previous unpaid debts. These things tin can help you lot calculate your expendable income.
It may be unwise in the initial excitement to hope lots of charitable giving, like Marie did, without kickoff doing the math to run into what your take-dwelling house corporeality actually is. Multiple millions of dollars may seem like an enormous amount, but as Marie discovered, it's easy to fire through it quickly if you are uninformed.
Further Drama
Some think that Marie had a run of terrible luck after she won the lottery, while others think she brought her woes upon herself with poor decision-making. A few think the truth lies somewhere in the middle of those two black-and-white judgments.
Aside from spending millions on her boyfriend — who eventually ended upward in federal prison anyhow — Marie too made some other questionable decisions later on winning the lotto, such as buying her boyfriend a concern of his ain and buying her mother a business firm. She also had harassment charges filed against her for allegedly calling a woman repeatedly to threaten her.
The Bottom Line
The ending of this story is mostly grim, although Marie Holmes did practise some positive things with a lasting bear upon earlier the terminal 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 tips, just in case y'all ever hitting it large: Don't trust anyone asking for money, fifty-fifty if they seem to have a very respectable social status (similar the pastor who sued Marie Holmes). Remember the skilful that money can do, just don't forget the bad. No matter what, don't make bold 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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