Who Will Win Best Makeup 2015
Everybody needs money to survive. It's a fact nosotros may not similar, but information technology'south still a fact. Another inescapable truth is that nigh of u.s. could use more money for the things nosotros demand equally well as the things we merely want. That probably makes the hope of winning the lottery audio like a dream come true, but the reality is much more complicated than that.
Consider this cautionary tale of a woman in desperate 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 into Marie Holmes
When she was 26, Marie Holmes was living a hard life in North Carolina. She was a hard-working, single mother of four with ii depression-paying jobs. On top of this, ane of her children had simply 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 full fourth dimension. Obviously, the $188 meg lottery windfall seemed similar a Godsend when Marie won, simply unfortunately, she made a serial of poor decisions that resulted in her losing it all.
Marie's Original Plans
Marie made some promising comments about what she planned to do with the lottery money — $127 million after she chose to get information technology in a lump sum. "First I'm going to pay my tithes, because I wouldn't take none of information technology if information technology weren't for God."
"Later that, I'm going to set accounts for my kids…I'g going to buy a house for me and my kids, then brand sure my family is all practiced." Marie also told WGN-Television receiver, "I don't have to worry about the word 'struggle' no more and neither do [my children]."
The Waiting Game
Although nigh lottery winnings are non 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. Still, there is a lengthy process involved in claiming large lottery winnings.
The ticket has to be verified by a scanning machine. Next, in that location is a waiting period for the money to be awarded, and the winner must make full out some identification paperwork. Final, the winner must determine if they desire all the money in a lump sum or accept it dispersed in installments for 30 years (on boilerplate).
Choices, Choices
One 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 because there is a large penalty for getting all the money faster in a lump sum.
Marie had the choice of collecting the entire $188 1000000 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 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.Due south., then we'll break it down for y'all. Although the entire taxation amount wasn't reported in Marie Holmes' instance, she definitely paid millions to the regime.
In the U.Due 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.six%, depending on taxation bracket and other factors. Most 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 move out of her mobile dwelling and buy a new house for her children. She besides planned to set up up college funds for them.
Marie told NBC, "All the struggle that I always went through, it was all for [my children]. I desire them to sympathise that money doesn't change you lot, but information technology tin help you." The public fell in love with Marie later hearing almost 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 mother who, according to her family and friends, "understood the value of a dollar." At one point, she had 2 jobs — Walmart and McDonald's — to support her four children. Therefore, nobody expected her to brand poor decisions about where the coin would go.
Of grade, no one took into account that Marie was inexperienced and uninformed almost how to handle large amounts of coin. When she started deciding how to spend the lottery money, the public viewed her as immature and irresponsible.
Financial Advisor, Please?
When people who aren't wealthy win a lot of money, it's highly recommended that they seek professional person assist near how to manage the money, including what Non to practice with it. The boilerplate American has absolutely no experience treatment large amounts of money.
Financial advisors warn that even titanic amounts of money can disappear quickly 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, just some adept advice definitely would accept helped her out.
The Bad Judgment Begins
The first 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 watch was more jewelry than a timepiece and was reportedly "dripping with diamonds."
That aforementioned swain ultimately cost Marie much more. The Port City Daily reported Lamar was a gang member and a drug dealer later on he was arrested and charged with "conspiracy to traffic in opium or heroin" in April 2016. He continued to get arrested throughout their relationship, and Marie spent millions on his bail and defense.
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 Post, of the original amount of $188 million, Marie was left with most $88 1000000 after deciding to take 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 pregnant.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her boyfriend for money after 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 experience is common for lottery winners.
Marie and Lamar were constantly harassed for money handouts, and information technology became very stressful for them. Marie was quoted as saying, "When coin comes, in that location are more than problems," co-ordinate to reports.
Racial Intolerance in Their New Dwelling house
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 unit was an intolerant, primarily white customs, and much to the family'due south chagrin, the residents were not interested in changing.
Co-ordinate to Lamar, "One neighbor set up a camera to record everything nosotros were doing. If I was driving downward the road and going at the speed limit, they would moving ridge at me for going too fast. They did not want the states at that place. 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 commencement thing she promised was to tithe — give a tenth of her winnings to clemency." Marie donated a full of $700,000 to her hometown church, Pleasant Colina Missionary Baptist Church, located in Shallotte, NC.
The church reportedly used the money 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 item church since she was a kid.
Pastor Disaster
Unfortunately, a different pastor fabricated 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.
Before long after meeting Marie, Pastor Matthews asked her for $1.5 million so he could build a retreat. According to him, Marie verbally agreed to fund the project, although there is no evidence to back up that. He so went ahead and began construction on the retreat using his ain coin. Marie did not contribute.
Wicked Intentions
Citing a verbal understanding in which Marie allegedly promised to donate $1.5 one thousand thousand for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $10 one thousand thousand. The amount of coin named in the suit was baffling, because 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 most people of faith. The justification for his lawsuit was that he had a verbal agreement with Marie for a money donation and bounty for "emotional distress."
Public Outrage
As soon as the media defenseless wind of the lawsuit, they uncovered that Matthews did non appear to exist affiliated with any church. This led to a severe, angry public backfire. People shamed Matthews for beingness a fraud and trying to scam a dainty lady out of her rightful winnings.
1 YouTuber, "Donald the Repentless," was so mad about this that he put out videos entitled, "F*** Y'all Pastor Kevin Matthews." Public opinion was clear that this then-called "pastor" was nothing but a money-grubbing scam artist preying on a nice lady to get his hands on a lot of undeserved money.
To Height Information technology Off: Infidelity
In more than bad news for Marie and her children, the media reported that her ex-captive young man was being unfaithful. Unfortunately, it was also reported that she herself paid Lamar'southward mistresses hush money to go abroad instead of getting rid of him.
In more reputation damaging news, a video surfaced on Facebook of a woman who claimed that in add-on to Lamar adulterous on Marie, he was besides stealing coin from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, as juicy gossip ofttimes does.
Powering Through
Instead of withering nether 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 by turning to a well-known life coach to get some advice about how to improve 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 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 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 merely wanted you to improve yourself for the babies."
The Scoop on Lamar McDow
Lamar "Hot Sauce" McDow was fortunate plenty to stay in Marie's good graces long enough to fight jail three times, to the melody of millions in bail and legal fees. The starting time time Marie bailed him out, information technology price her $3 million in bond money.
Earlier a year had passed, Lamar was arrested again, and Marie bailed him out again for $six million. The tertiary fourth dimension Marie bailed out Lamar, it was $12 million. You lot would think she would have been repulsed by his criminal behavior, but she just kept spending the money, resulting in widespread criticism.
Misery Loves Company
Marie was warned past many people that if she continued her relationship with Lamar, she could finish up with criminal charges herself. Unfortunately, that's exactly what happened. One night, Lamar violated his parole curfew. When the police came, they discovered marijuana in the firm.
Tragically, Marie was arrested for possession in front of her children. Marijuana remains illegal in North Carolina, just there is a meaning racial bias near who is criminalized for it, according to the ACLU. The aforementioned number of white people every bit black people use marijuana, but blacks are 3.73 times more likely to be arrested.
The Beau 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 Postal service, 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 coin, and she can practise what she wants with it. If I had that money, and then I would practice the same for her. People are only 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 simply kept rolling in. Marie'due south family and even onetime 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 fourth dimension on a seven-yr judgement for charges related to possessing and selling heroin. Truthful to form, Marie persisted in pushing frontwards and moving on with her life, demonstrating her force and resilience.
A Goal Met
Despite poor taste in partners, Marie did make some expert decisions most what to do with some of her money. She ended up giving $ix.seven million to various charities. Part of that money went to the brand-new Marie Holmes Foundation, which was established to provide for children in need.
Marie'southward foundation provides necessities for underprivileged children. It too holds community events, which are how some children get their schoolhouse 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 Catholic, and she leans heavily on her Christian faith. Some people criticized her for playing the lottery at all, considering it tends to exist frowned upon by the church. People have mixed opinions when it comes to Christians gambling.
One pastor said this to the Christian Postal service: "You can't exist against the lottery, but your youth department is doing a RAFFLE! Same thing, pastor. Same THING!" The stigma remains about gambling beingness an irresponsible money-waster. Others argue that there is nada specific said most gambling in the Bible, so it's okay when information technology's non abused.
The Root of All Evil
Other religious people, such every bit ane pastor cited in the Christian Post, 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, "Outset, we must guard against our love of money."
Information technology should be noted that when the Bible does mention "casting lots," it's not usually talking about material proceeds, but near God. In an instance of this, Proverbs 16:33 states, "The lot is cast into the lap, but its every conclusion is from the Lord."
Some Friendly Advice
We recommend that others read the unfortunate story of Marie Holmes in case they observe themselves in her shoes. It's not at all easy to go from rags to riches, and similar versions of her story accept happened to others.
It'south important to understand taxation 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. Exist sure to hire a good professional financial expert to help yous decide how to manage your money to avoid reckless decisions.
A Cautionary Tale
If you e'er happen to find yourself in the unlikely position of winning the lottery some things to watch out for include authorities laws, lottery rules, country and federal taxes and your previous unpaid debts. These things tin can aid 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-home amount really is. Multiple millions of dollars may seem like an enormous amount, merely every bit Marie discovered, it's easy to burn through information technology quickly if you are uninformed.
Further Drama
Some think that Marie had a run of terrible luck after she won the lottery, while others call back she brought her woes upon herself with poor decision-making. A few recollect the truth lies somewhere in the middle of those 2 black-and-white judgments.
Bated from spending millions on her fellow — who eventually ended up in federal prison anyway — Marie also fabricated another questionable decisions after winning the lotto, such as ownership her boyfriend a business of his own 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 Lesser Line
The ending of this story is by and large grim, although Marie Holmes did exercise some positive things with a lasting bear upon before the last of her money was gone. She didn't seem to realize that she would exist under a microscope with the media and the public.
Hither are a couple more tips, but in example y'all ever hit it 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). Retrieve the adept that money tin can practice, just 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
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