How To Win At Soaring Eagle Casino
Everybody needs money to survive. Information technology's a fact we may not like, but it'due south withal a fact. Another inescapable truth is that most of usa could use more coin for the things we need as well as the things we simply want. That probably makes the promise of winning the lottery sound like a dream come truthful, but the reality is much more complicated than that.
Consider this cautionary tale of a woman in drastic need who won an unbelievable corporeality of money. The choices and mistakes she made after winning ultimately resulted in losing information technology all. Her story reminds united states all to never forget that money doesn't buy happiness.
Meet Marie Holmes
When she was 26, Marie Holmes was living a difficult life in Northward Carolina. She was a hard-working, unmarried mother of four with two depression-paying jobs. On top of this, one of her children had just been diagnosed with cognitive palsy.
Because of her child's special needs, Marie was forced to quit both of her jobs to treat him full time. Obviously, the $188 million lottery windfall seemed similar a Godsend when Marie won, but unfortunately, she made a series of poor decisions that resulted in her losing it all.
Marie fabricated some promising comments about what she planned to exercise with the lottery money — $127 million after she chose to get it in a lump sum. "First I'm going to pay my tithes, because I wouldn't have none of information technology if it weren't for God."
"After that, I'one thousand going to set up accounts for my kids…I'g going to purchase a house for me and my kids, then brand certain my family unit is all adept." Marie also told WGN-TV, "I don't have to worry well-nigh the discussion 'struggle' no more than and neither do [my children]."
The Waiting Game
Although well-nigh lottery winnings are non life irresolute, lottery jackpots are huge, and in that location are rules for claiming those winnings. If a person wins less than $599, the establishment that sold them the ticket pays them their winnings. Nevertheless, there is a lengthy procedure involved in challenge big lottery winnings.
The ticket has to be verified past a scanning machine. Next, there is a waiting period for the money to be awarded, and the winner must fill out some identification paperwork. Final, the winner must determine if they want all the money in a lump sum or have it dispersed in installments for thirty years (on boilerplate).
Choices, Choices
One of the more hard choices when a person wins millions of dollars in a lottery is whether to become the coin in a lump sum or in installments. The dilemma occurs because there is a big penalty 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 usually recommend taking the lump sum and investing the coin. That allows you lot the opportunity to make money on your winnings instead of the state. 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., and then nosotros'll break it down for you. Although the entire revenue enhancement amount wasn't reported in Marie Holmes' case, she definitely paid millions to the regime.
In the U.South., lottery winnings are considered income by the IRS, on both the state and federal levels. Therefore, Northward Carolina would have taken 5.viii% of Marie'south $127 million, and the Federal Government would have taken anywhere from 25% to 39.6%, depending on revenue enhancement bracket and other factors. Most people pay the highest charge per unit.
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 then move out of her mobile abode 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 desire them to empathise that money doesn't modify y'all, merely information technology can aid you." The public fell in dear with Marie afterwards hearing most 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 one point, she had two jobs — Walmart and McDonald's — to support her four children. Therefore, nobody expected her to make poor decisions about where the money would go.
Of course, no 1 took into account that Marie was inexperienced and uninformed well-nigh how to handle big amounts of money. When she started deciding how to spend the lottery money, the public viewed her as young and irresponsible.
Fiscal Advisor, Please?
When people who aren't wealthy win a lot of money, it's highly recommended that they seek professional help about how to manage the money, including what NOT to exercise with it. The average American has admittedly no feel handling large amounts of money.
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 middle was in the correct place and she was doing what she idea was right, just some good advice definitely would have helped her out.
The Bad Judgment Begins
The first thing 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 cost 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 continued to become arrested throughout their relationship, and Marie spent millions on his bail and defense force.
The Saga Continues
Earlier 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 nearly $88 million after deciding to accept her winnings in a lump sum and paying taxes. This is still a very large amount of money, but a loss of $100 million is obviously very meaning.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her swain for money after they heard she won the lottery. The people included friends, family unit members and numerous others, all requesting various amounts of money for all kinds of reasons. Unfortunately, this experience is mutual for lottery winners.
Marie and Lamar were constantly harassed for money handouts, and it became very stressful for them. Marie was quoted as proverb, "When coin comes, there are more bug," according to reports.
Racial Intolerance in Their New Habitation
Some other 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 community, and much to the family unit'due south chagrin, the residents were not interested in changing.
According to Lamar, "I neighbor set a photographic 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 too fast. They did not want united states of america in that location. They were prejudiced." Lamar reported these disturbing events to the Daily Mail.
The Church Donation
Marie stayed true to her give-and-take, which was reported in a press release as "The first thing she promised was to tithe — give a tenth of her winnings to charity." Marie donated a total of $700,000 to her hometown church, Pleasant Loma Missionary Baptist Church, located in Shallotte, NC.
The church building reportedly used the coin for much-needed renovations. Marie told the press the church was an of import 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 dissimilar 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 subsequently, Marie and her family believed him and allowed him into their lives and their home.
Soon later meeting Marie, Pastor Matthews asked her for $1.5 meg then he could build a retreat. According to him, Marie verbally agreed to fund the project, although there is no testify to support that. He then went ahead and began structure on the retreat using his ain money. Marie did not contribute.
Wicked Intentions
Citing a verbal understanding in which Marie allegedly promised to donate $1.v million for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $10 million. The corporeality of money named in the conform was baffling, considering the corporeality 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 well-nigh people of faith. The justification for his lawsuit was that he had a exact understanding with Marie for a money donation and compensation for "emotional distress."
Public Outrage
As shortly as the media caught current of air of the lawsuit, they uncovered that Matthews did not announced to be affiliated with whatever church building. This led to a severe, angry public backfire. 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 almost this that he put out videos entitled, "F*** You Pastor Kevin Matthews." Public stance was clear that this then-called "pastor" was nothing but a money-grubbing scam creative person preying on a nice lady to get his hands on a lot of undeserved money.
To Superlative It Off: Infidelity
In more than bad news for Marie and her children, the media reported that her ex-captive boyfriend was existence unfaithful. Unfortunately, it was also reported that she herself paid Lamar's mistresses hush coin to go abroad instead of getting rid of him.
In more reputation dissentious news, a video surfaced on Facebook of a woman who claimed that in add-on to Lamar cheating on Marie, he was also stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, every bit juicy gossip often does.
Powering Through
Instead of withering nether the scrutiny of the media and the public, Marie decided to accept drastic measures to improve her circumstances. She gathered her forcefulness and took matters into her ain hands past turning to a well-known life passenger vehicle to go some advice about how to improve her life.
Marie contacted Iyanla Vanzant, who has her own evidence 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'due south lives for the amend.
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 pregnant.
"I kept dreaming about your blood brother that we lost. His birthday, he was the third child, he'd have been 25 that year. Those were the numbers." When Marie asked her female parent why she didn't claim the money for herself, Fontella replied, "I merely 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 three times, to the tune of millions in bond and legal fees. The commencement time Marie bailed him out, it cost her $three million in bond money.
Before a year had passed, Lamar was arrested over again, and Marie bailed him out over again for $vi meg. The third time Marie bailed out Lamar, it was $12 million. You would think she would accept been repulsed past his criminal behavior, only she only kept spending the money, resulting in widespread criticism.
Misery Loves Visitor
Marie was warned by many people that if she continued her relationship with Lamar, she could finish up with criminal charges herself. Unfortunately, that's exactly what happened. Ane night, Lamar violated his parole curfew. When the police 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, but there is a significant racial bias about who is criminalized for it, according to the ACLU. The aforementioned number of white people as black people use marijuana, just blacks are 3.73 times more than likely to exist arrested.
The Boyfriend Defense
Lamar eventually got angry 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 male parent of her youngest child. This is what people do for each other."
Lamar went on to say, "She has the money, and she tin can practise what she wants with it. If I had that money, then I would practice the same for her. People are but jealous because 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 old friends started accusing her of actually stealing the lottery ticket from her female parent, despite Fontella freely admitting on boob tube 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 judgement for charges related to possessing and selling heroin. True to class, 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 make some good decisions about what to practice with some of her money. She ended upwards giving $9.7 meg to diverse charities. Role of that money 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. It also holds community events, which are how some children go their school supplies and their Christmas presents. The foundation helps struggling young mothers like Marie was earlier she won the lottery.
Do Christians Run a risk?
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 information technology 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: "Y'all tin't be against the lottery, but your youth department is doing a RAFFLE! Same thing, pastor. SAME Affair!" The stigma remains about gambling being an irresponsible money-waster. Others fence that there is naught specific said nigh gambling in the Bible, and so information technology's okay when it's 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 coin is where evil originated. He scolded Marie for ownership the lottery ticket and went on to say, "Get-go, nosotros must guard against our beloved of money."
It should be noted that when the Bible does mention "casting lots," it's non usually talking about textile proceeds, merely about God. In an example of this, Proverbs xvi:33 states, "The lot is cast 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 instance they find themselves in her shoes. It'due south not at all easy to go from rags to riches, and similar versions of her story have happened to others.
It's of import to sympathize revenue enhancement laws for the long term, the rules of the lottery and investment options if you e'er notice yourself in the position of receiving a large windfall of coin. Be sure to hire a skilful professional person financial adept to help you decide how to manage your money to avoid reckless decisions.
A Cautionary Tale
If y'all ever happen to find 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 tin can assistance you calculate your expendable income.
It may exist unwise in the initial excitement to hope lots of charitable giving, like Marie did, without first doing the math to see what your have-home amount really is. Multiple millions of dollars may seem like an enormous amount, but as Marie discovered, it'due south easy to burn through information technology speedily if you are uninformed.
Farther Drama
Some think that Marie had a run of terrible luck later on she won the lottery, while others think she brought her woes upon herself with poor conclusion-making. A few call up the truth lies somewhere in the middle of those two black-and-white judgments.
Aside from spending millions on her beau — who somewhen concluded up in federal prison anyway — Marie also made some other questionable decisions after winning the lotto, such as buying her young man a business of his ain and buying her mother a house. 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 mostly grim, although Marie Holmes did do some positive things with a lasting affect before the terminal of her money 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 tips, just in case you e'er hitting it large: Don't trust anyone asking for money, fifty-fifty if they seem to have a very respectable social condition (similar the pastor who sued Marie Holmes). Think the good that money can do, but don't forget the bad. No matter what, don't make bold promises immediately after 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&ueid=62da1921-282e-422e-ba39-00fc71db17c5
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