How To Do A Clean Install Of Win 7
Everybody needs coin to survive. It's a fact we may not like, but information technology's still a fact. Another inescapable truth is that virtually of us could use more money for the things nosotros need besides as the things nosotros simply want. That probably makes the hope of winning the lottery sound similar a dream come true, simply the reality is much more complicated than that.
Consider this cautionary tale of a woman in drastic demand who won an unbelievable amount of money. The choices and mistakes she fabricated after winning ultimately resulted in losing it all. Her story reminds us all to never forget that money doesn't buy happiness.
Run across Marie Holmes
When she was 26, Marie Holmes was living a difficult life in North Carolina. She was a difficult-working, unmarried mother of four with two low-paying jobs. On top of this, one of her children had just been diagnosed with cerebral palsy.
Considering of her child's special needs, Marie was forced to quit both of her jobs to care for him full time. Obviously, the $188 million lottery windfall seemed similar a Godsend when Marie won, only unfortunately, she made a serial of poor decisions that resulted in her losing it all.
Marie's Original Plans
Marie made some promising comments nearly what she planned to do with the lottery money — $127 million after she chose to get it in a lump sum. "Offset I'm going to pay my tithes, because I wouldn't accept none of it if it weren't for God."
"After that, I'm going to set upward accounts for my kids…I'chiliad going to purchase a house for me and my kids, then make certain my family is all expert." Marie likewise told WGN-Tv set, "I don't have to worry about the give-and-take 'struggle' no more and neither do [my children]."
The Waiting Game
Although most lottery winnings are not life irresolute, 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. However, there is a lengthy process involved in claiming large lottery winnings.
The ticket has to be verified by a scanning machine. Adjacent, there is a waiting menstruation for the money to be 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 have information technology dispersed in installments for 30 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 get the money in a lump sum or in installments. The dilemma occurs because there is a big penalization for getting all the money faster in a lump sum.
Marie had the choice of collecting the entire $188 one thousand thousand over thirty years or forfeiting $61 meg and collecting the remaining $127 million much sooner. Financial experts commonly recommend taking the lump sum and investing the coin. That allows yous the opportunity to make coin on your winnings instead of the land. 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.South., so nosotros'll pause information technology downwards for you. Although the unabridged taxation amount wasn't reported in Marie Holmes' case, she definitely paid millions to the government.
In the U.Due south., lottery winnings are considered income by the IRS, on both the state and federal levels. Therefore, North Carolina would have taken 5.eight% of Marie's $127 1000000, and the Federal Authorities would have taken anywhere from 25% to 39.6%, depending on tax bracket and other factors. Nearly 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 first to her church and then motion out of her mobile dwelling and buy a new house for her children. She also planned to set upwardly college funds for them.
Marie told NBC, "All the struggle that I ever went through, it was all for [my children]. I want them to empathise that coin doesn't change you, just it can assist you lot." The public savage in love with Marie afterward 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, single female parent who, according to her family unit and friends, "understood the value of a dollar." At i betoken, she had two jobs — Walmart and McDonald'southward — to support her four children. Therefore, nobody expected her to make poor decisions about where the coin would go.
Of form, no one took into account that Marie was inexperienced and uninformed nigh how to handle big amounts of money. When she started deciding how to spend the lottery coin, the public viewed her equally young and irresponsible.
Financial Counselor, Please?
When people who aren't wealthy win a lot of money, it's highly recommended that they seek professional person assistance about how to manage the money, including what NOT to do with it. The boilerplate American has absolutely no feel handling large amounts of money.
Financial advisors warn that even titanic amounts of money can disappear rapidly if information technology isn't invested wisely. In the example of Marie Holmes, it seemed like her heart was in the right place and she was doing what she thought was correct, but some expert communication definitely would have helped her out.
The Bad Judgment Begins
The beginning thing dubbed a poor judgment phone call past the public was the $15,000 Rolex that Marie bought her boyfriend, Lamar "Hot Sauce" McDow. The sentinel was more than jewelry than a timepiece and was reportedly "dripping with diamonds."
That same young man ultimately cost Marie much more. The Port Metropolis 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 become arrested throughout their relationship, and Marie spent millions on his bail 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 abode that she had purchased later on winning the lottery.
According to the Daily Postal service, of the original corporeality of $188 million, Marie was left with virtually $88 1000000 after deciding to take her winnings in a lump sum and paying taxes. This is still a very big corporeality of coin, but a loss of $100 million is evidently very significant.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her beau for money later on they heard she won the lottery. The people included friends, family members and numerous others, all requesting various amounts of money for all kinds of reasons. Unfortunately, this feel is common for lottery winners.
Marie and Lamar were constantly harassed for money handouts, and it became very stressful for them. Marie was quoted every bit saying, "When money comes, there are more issues," according to reports.
Racial Intolerance in Their New Home
Another problem that plagued Marie and her family in their new life in their new abode 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, "1 neighbor set up a camera to record everything we were doing. If I was driving downward the road and going at the speed limit, they would wave at me for going likewise fast. They did not want us there. They were prejudiced." Lamar reported these disturbing events to the Daily Mail.
The Church Donation
Marie stayed true to her word, which was reported in a press release as "The first matter she promised was to tithe — requite a tenth of her winnings to charity." Marie donated a total of $700,000 to her hometown church, 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 building was an of import function of her life and her faith and that she had been attending that item church since she was a kid.
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 information technology later on, Marie and her family believed him and allowed him into their lives and their home.
Soon later on meeting Marie, Pastor Matthews asked her for $1.five one thousand thousand so he could build a retreat. According to him, Marie verbally agreed to fund the projection, although in that location is no evidence to support that. He then went ahead and began construction on the retreat using his ain money. Marie did not contribute.
Wicked Intentions
Citing a exact agreement in which Marie allegedly promised to donate $1.5 million for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $10 1000000. 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 existence ungrateful and greedy. His behavior seemed unbecoming of a Christian leader to most people of religion. The justification for his lawsuit was that he had a verbal agreement 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 any church building. This led to a severe, angry public backfire. People shamed Matthews for being a fraud and trying to scam a prissy lady out of her rightful winnings.
One YouTuber, "Donald the Repentless," was so mad near this that he put out videos entitled, "F*** You Pastor Kevin Matthews." Public stance was clear that this then-called "pastor" was aught but a money-grubbing scam creative person preying on a squeamish lady to get 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 also reported that she herself paid Lamar'south mistresses hush coin to become away instead of getting rid of him.
In more than reputation damaging news, a video surfaced on Facebook of a woman who claimed that in addition to Lamar cheating on Marie, he was as well stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, every bit juicy gossip oft does.
Powering Through
Instead of withering nether the scrutiny of the media and the public, Marie decided to have drastic measures to improve her circumstances. She gathered her force and took matters into her own hands by turning to a well-known life coach to go some advice about how to improve her life.
Marie contacted Iyanla Vanzant, who has her ain show advising people about 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's lives for the better.
The Truth Revealed
In another surprising twist, when Marie went on the Iyanla: Fix My Life talk testify, 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 about your brother that we lost. His altogether, he was the third child, he'd accept been 25 that yr. Those were the numbers." When Marie asked her mother why she didn't claim the coin for herself, Fontella replied, "I just wanted you to better yourself for the babies."
The Scoop on Lamar McDow
Lamar "Hot Sauce" McDow was fortunate enough to stay in Marie'due south good graces long enough to fight jail 3 times, to the tune of millions in bail and legal fees. The commencement 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 $vi million. The 3rd fourth dimension Marie bailed out Lamar, information technology was $12 million. You lot would think she would have been repulsed by his criminal behavior, but she simply kept spending the coin, resulting in widespread criticism.
Misery Loves Company
Marie was warned by many people that if she continued her relationship with Lamar, she could stop upward with criminal charges herself. Unfortunately, that'south exactly what happened. 1 dark, Lamar violated his parole curfew. When the law came, they discovered marijuana in the house.
Tragically, Marie was arrested for possession in front end of her children. Marijuana remains illegal in N Carolina, just there is a meaning racial bias nigh 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 likely to be arrested.
The Beau Defense
Lamar somewhen got angry at the people criticizing Marie for spending her coin 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 kid. This is what people do for each other."
Lamar went on to say, "She has the money, and she can practise what she wants with it. If I had that money, then I would exercise the same for her. People are just jealous because of how much she won, and people want to run across 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 actually 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 seven-year sentence for charges related to possessing and selling heroin. Truthful to form, Marie persisted in pushing forward and moving on with her life, demonstrating her forcefulness and resilience.
A Goal Met
Despite poor gustation in partners, Marie did make some good decisions about what to practise with some of her money. She ended upward giving $9.7 one thousand thousand to diverse charities. Part of that money went to the make-new Marie Holmes Foundation, which was established to provide for children in need.
Marie's foundation provides necessities for underprivileged children. It too holds community events, which are how some children get their school supplies and their Christmas presents. The foundation helps struggling young mothers like Marie was before she won the lottery.
Do Christians Gamble?
Marie was raised a devout Cosmic, and she leans heavily on her Christian religion. Some people criticized her for playing the lottery at all, because it tends to be frowned upon by the church. People take mixed opinions when it comes to Christians gambling.
One pastor said this to the Christian Mail service: "You lot can't exist against the lottery, but your youth department is doing a RAFFLE! Same thing, pastor. SAME THING!" The stigma remains about gambling being an irresponsible money-waster. Others debate that there is zero specific said about gambling in the Bible, and then it's okay when it's non abused.
The Root of All Evil
Other religious people, such equally one pastor cited in the Christian Mail service, 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, "First, we must baby-sit confronting our dear of money."
It should be noted that when the Bible does mention "casting lots," information technology's not commonly talking near material gain, just virtually God. In an example of this, Proverbs 16:33 states, "The lot is cast into the lap, only its every determination is from the Lord."
Some Friendly Communication
Nosotros recommend that others read the unfortunate story of Marie Holmes in case they find themselves in her shoes. It's non at all like shooting fish in a barrel to go from rags to riches, and similar 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 lot e'er detect yourself in the position of receiving a large windfall of money. Be sure to hire a adept professional fiscal good to help you decide how to manage your money to avoid reckless decisions.
A Cautionary Tale
If y'all ever happen to observe yourself in the unlikely position of winning the lottery some things to watch out for include government laws, lottery rules, state and federal taxes and your previous unpaid debts. These things can aid you lot 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-home amount really is. Multiple millions of dollars may seem similar an enormous amount, but as Marie discovered, it's like shooting fish in a barrel to burn through it speedily 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 center of those two black-and-white judgments.
Aside from spending millions on her young man — who somewhen ended upwards in federal prison anyway — Marie besides fabricated some other questionable decisions after winning the lotto, such as buying her boyfriend a business concern of his own and buying her mother a house. 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 do some positive things with a lasting impact before the last of her coin was gone. She didn't seem to realize that she would exist under a microscope with the media and the public.
Here are a couple more than tips, just in instance you ever hitting information technology big: Don't trust anyone asking for money, even if they seem to have a very respectable social status (like the pastor who sued Marie Holmes). Remember the good that money tin can do, only don't forget the bad. No matter what, don't brand assuming promises immediately subsequently 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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