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PostPosted: Thu Mar 21, 2013 4:42 pm 
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http://www.thestar.com/news/gta/2013/03 ... llion.html

Wow... :shock:


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PostPosted: Thu Mar 21, 2013 4:51 pm 
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Doesn't really surprise me, especially if the person didn't grow up learning how to manage money (as is the case here). $10 million sounds like a lot, but if you go buy a big house, a few fancy cars and other toys, take lavish $20K trips with all your friends, buy designer everything, give friends and relatives money, etc it really wouldn't take that long to burn through. Part of the problem is most people can't really relate to how much that really is, and so they just see it as infinite.


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PostPosted: Thu Mar 21, 2013 5:49 pm 
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btimmis wrote:
Doesn't really surprise me, especially if the person didn't grow up learning how to manage money (as is the case here). $10 million sounds like a lot, but if you go buy a big house, a few fancy cars and other toys, take lavish $20K trips with all your friends, buy designer everything, give friends and relatives money, etc it really wouldn't take that long to burn through. Part of the problem is most people can't really relate to how much that really is, and so they just see it as infinite.


They bought a house for $550,000 or so with a mortgage for over $350,000, crazy.


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PostPosted: Thu Mar 21, 2013 5:52 pm 
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stilldeciding wrote:
btimmis wrote:
Doesn't really surprise me, especially if the person didn't grow up learning how to manage money (as is the case here). $10 million sounds like a lot, but if you go buy a big house, a few fancy cars and other toys, take lavish $20K trips with all your friends, buy designer everything, give friends and relatives money, etc it really wouldn't take that long to burn through. Part of the problem is most people can't really relate to how much that really is, and so they just see it as infinite.


They bought a house for $550,000 or so with a mortgage for over $350,000, crazy.

Yeah, that would be my first question to them is why did you need a mortgage?? Talk about just throwing the money away.


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PostPosted: Thu Mar 21, 2013 6:04 pm 
Escalade with turntables. yesss!


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PostPosted: Thu Mar 21, 2013 6:06 pm 
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OK, she was an idiot who could not handle her affairs and bred indiscriminately before the money, and did the same after the money. I guess that what they mean by giving someone enough rope to hang themselves. This article covers just about every stereotype I can think of.


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PostPosted: Thu Mar 21, 2013 7:40 pm 
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Lots of kids, lots of baby daddies, lots of useless cars..
Who wins the lottery and doesn't buy their own house and instead mortgages it :/


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PostPosted: Thu Mar 21, 2013 7:59 pm 
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glocklover wrote:
This article covers just about every stereotype I can think of.


:lol:

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PostPosted: Thu Mar 21, 2013 10:09 pm 
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in all honesty, we teach people calculus in high school which no one will ever need, but not financial management. aside from shitting on her situation, i see her as a victim.

the school system is f***. dont believe me? watch this and see why the TED organizers for the first time ever intervened after a presentation and gave this guy $1 million dollars.

http://www.ted.com/talks/sugata_mitra_b ... cloud.html


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PostPosted: Thu Mar 21, 2013 10:13 pm 
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RichardTNC wrote:
in all honesty, we teach people calculus in high school which no one will ever need, but not financial management. aside from shitting on her situation, i see her as a victim.

the school system is f***. dont believe me? watch this and see why the TED organizers for the first time ever intervened after a presentation and gave this guy $1 million dollars.

http://www.ted.com/talks/sugata_mitra_b ... cloud.html

OK I agree with the context of your statement, but to say no one ever needs calculus is just crazy. It is extremely useful to the admittedly small number of us that do use it in science and engineering.


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PostPosted: Thu Mar 21, 2013 11:43 pm 
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btimmis wrote:
RichardTNC wrote:
in all honesty, we teach people calculus in high school which no one will ever need, but not financial management. aside from shitting on her situation, i see her as a victim.

the school system is f***. dont believe me? watch this and see why the TED organizers for the first time ever intervened after a presentation and gave this guy $1 million dollars.

http://www.ted.com/talks/sugata_mitra_b ... cloud.html

OK I agree with the context of your statement, but to say no one ever needs calculus is just crazy. It is extremely useful to the admittedly small number of us that do use it in science and engineering.


+10! Calculus is the essential language of engineering! But financial management, like calculus, does need to be taught effectively to really make the concepts clear and stick to more kids.


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PostPosted: Fri Mar 22, 2013 8:03 am 
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glocklover wrote:
OK, she was an idiot who could not handle her affairs and bred indiscriminately before the money, and did the same after the money. I guess that what they mean by giving someone enough rope to hang themselves. This article covers just about every stereotype I can think of.


thenay wrote:
Lots of kids, lots of baby daddies, lots of useless cars..
Who wins the lottery and doesn't buy their own house and instead mortgages it :/


So this woman who's had no stability in her life, no one to raise her with set values, no decent education, no strong support system to guide her right, no way of knowing that sex doesn't necessarily mean caring and you should protect yourself, gets to be judged by you guys because she was given something she'd never been prepared for, had no idea how to handle and believed the people around her when they preyed on her naivetee?

Accident of birth dudes. Accident of birth. We could be her. You might want to dial back on your disdain and be grateful instead that your situation is different. :roll:


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PostPosted: Fri Mar 22, 2013 10:20 am 
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RichardTNC wrote:
in all honesty, we teach people calculus in high school which no one will ever need, but not financial management. aside from shitting on her situation, i see her as a victim.

the school system is f***. dont believe me? watch this and see why the TED organizers for the first time ever intervened after a presentation and gave this guy $1 million dollars.



Our school system also teaches us french (which for all intents & purposes is a dead & useless language outside of Ottawa)

Most people (even those with college/uni education) end up worse after the lottery win
Same mentality as someone who wins big in a casino; instead of take win & leave keeps playing. Most will say they didn't lose anything since they only were playing with casino money.


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PostPosted: Fri Mar 22, 2013 1:52 pm 
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She blew over 10 millions in 9 years. So she spent over a million a year. That's just nuts! Got to laugh, she is left with a $360K mortgage and crappy american cars. :roll:


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PostPosted: Fri Mar 22, 2013 2:29 pm 
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She should claim her cleaning lady broke $10,000,000 worth of stuff and have a retry.

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