sheet music for what does it take to win your love
Everybody needs money to survive. Information technology's a fact we may not like, simply it's still a fact. Some other inescapable truth is that nigh of us could use more money for the things we demand equally well as the things nosotros but want. That probably makes the hope of winning the lottery sound like a dream come up true, but the reality is much more complicated than that.
Consider this cautionary tale of a woman in drastic need who won an unbelievable amount of money. The choices and mistakes she made afterward 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 N Carolina. She was a difficult-working, single mother of iv with ii low-paying jobs. On top of this, one of her children had just been diagnosed with cerebral palsy.
Because of her kid's special needs, Marie was forced to quit both of her jobs to intendance for him full time. Obviously, the $188 million lottery windfall seemed like a Godsend when Marie won, just unfortunately, she made a serial of poor decisions that resulted in her losing information technology all.
Marie's Original Plans
Marie made some promising comments virtually what she planned to do with the lottery money — $127 one thousand thousand afterward she chose to get it in a lump sum. "First I'grand going to pay my tithes, because I wouldn't take none of it if it weren't for God."
"After that, I'chiliad going to set accounts for my kids…I'm going to buy a house for me and my kids, then make sure my family is all good." Marie likewise told WGN-Television, "I don't take to worry well-nigh the word 'struggle' no more and neither do [my children]."
The Waiting Game
Although most lottery winnings are not life changing, lottery jackpots are huge, and at that place 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 large lottery winnings.
The ticket has to be verified by a scanning machine. Side by side, there is a waiting period for the money to be awarded, and the winner must fill out some identification paperwork. Last, the winner must decide if they want all the money in a lump sum or have 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 become the money in a lump sum or in installments. The dilemma occurs because there is a large punishment for getting all the money faster in a lump sum.
Marie had the choice of collecting the unabridged $188 million over xxx years or forfeiting $61 meg and collecting the remaining $127 meg much sooner. Financial experts commonly recommend taking the lump sum and investing the coin. That allows you the opportunity to make money on your winnings instead of the land. 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., so we'll break it down for you. Although the entire tax amount wasn't reported in Marie Holmes' case, she definitely paid millions to the authorities.
In the U.Due south., lottery winnings are considered income by the IRS, on both the state and federal levels. Therefore, North Carolina would accept taken 5.8% 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 rate.
Setting an Instance
When Marie won the lottery, she had plans that all sounded very honorable. She said she would donate starting time to her church building and and so move out of her mobile dwelling and purchase a new house for her children. She also planned to set upwards college funds for them.
Marie told NBC, "All the struggle that I ever went through, information technology was all for [my children]. I want them to understand that money doesn't modify you, only it can help you." The public fell in dearest with Marie subsequently hearing nearly 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'southward — to support her 4 children. Therefore, nobody expected her to make poor decisions about where the money would go.
Of class, no i took into account that Marie was inexperienced and uninformed almost how to handle large amounts of money. When she started deciding how to spend the lottery money, the public viewed her as immature and irresponsible.
Fiscal Advisor, Delight?
When people who aren't wealthy win a lot of money, it's highly recommended that they seek professional help nearly how to manage the money, including what Non to do with it. The average American has admittedly no experience treatment large amounts of money.
Financial advisors warn that even titanic amounts of coin tin disappear rapidly if it isn't invested wisely. In the case of Marie Holmes, it seemed like her middle was in the right place and she was doing what she thought was right, but some expert communication definitely would have helped her out.
The Bad Judgment Begins
The get-go thing dubbed a poor judgment phone call by 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 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 go arrested throughout their relationship, and Marie spent millions on his bail and defense.
The Saga Continues
Before 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 judgement, he lived in the $350,000 home that she had purchased later on winning the lottery.
Co-ordinate to the Daily Mail, of the original amount of $188 one thousand thousand, Marie was left with about $88 million afterward deciding to take her winnings in a lump sum and paying taxes. This is still a very big corporeality of money, just a loss of $100 million is plainly very significant.
Leeches Coming Out of the Woodwork
Predictably, lots of people immediately started asking Marie and her young man 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 it became very stressful for them. Marie was quoted every bit proverb, "When money comes, in that location are more than problems," co-ordinate to reports.
Racial Intolerance in Their New Home
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 unit was an intolerant, primarily white community, and much to the family'southward chagrin, the residents were not interested in irresolute.
According to Lamar, "One neighbor fix a camera to record everything nosotros were doing. If I was driving downwardly the road and going at the speed limit, they would wave at me for going too fast. They did not desire us in that location. They were prejudiced." Lamar reported these disturbing events to the Daily Mail.
The Church Donation
Marie stayed truthful to her word, which was reported in a press release as "The first affair she promised was to tithe — give a 10th of her winnings to charity." Marie donated a total of $700,000 to her hometown church building, Pleasant Hill 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 of import part of her life and her faith and that she had been attention that particular church since she was a child.
Pastor Disaster
Unfortunately, a different pastor fabricated 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 later, Marie and her family believed him and allowed him into their lives and their dwelling.
Soon after meeting Marie, Pastor Matthews asked her for $1.5 million and then he could build a retreat. According to him, Marie verbally agreed to fund the project, although there is no evidence to support that. He then went ahead and began construction on the retreat using his own money. Marie did not contribute.
Wicked Intentions
Citing a verbal agreement in which Marie allegedly promised to donate $1.5 1000000 for his retreat, Pastor Kevin Matthews announced publicly that he was suing Marie Holmes for $ten one thousand thousand. The amount of money named in the arrange was baffling, considering the amount 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 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 every bit the media caught wind of the lawsuit, they uncovered that Matthews did not appear to exist affiliated with whatsoever church. This led to a astringent, 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 and then mad about this that he put out videos entitled, "F*** Y'all Pastor Kevin Matthews." Public opinion was clear that this and then-called "pastor" was nothing merely a money-grubbing scam artist preying on a nice lady to get his hands on a lot of undeserved money.
To Superlative It Off: Adultery
In more than bad news for Marie and her children, the media reported that her ex-convict swain was being unfaithful. Unfortunately, it was besides 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 also stealing money from her to pay prostitutes for "sexual favors." Unfortunately, the video went viral, equally juicy gossip ofttimes 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 strength and took matters into her own easily by turning to a well-known life autobus to become some advice most 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 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 show, her female parent, Fontella, came out and revealed that the numbers she chose for the winning lottery ticket were really hers and that they had a very special meaning.
"I kept dreaming most your 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 merits the money for herself, Fontella replied, "I just wanted yous to better yourself for the babies."
The Scoop on Lamar McDow
Lamar "Hot Sauce" McDow was fortunate plenty to stay in Marie's good graces long plenty to fight jail three times, to the tune of millions in bond and legal fees. The beginning time Marie bailed him out, it cost her $3 million in bail coin.
Earlier a year had passed, Lamar was arrested once again, and Marie bailed him out again for $vi 1000000. The third time Marie bailed out Lamar, it was $12 one thousand thousand. Y'all would call up she would have been repulsed by his criminal behavior, but she merely kept spending the money, resulting in widespread criticism.
Misery Loves Company
Marie was warned by many people that if she connected her 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 constabulary came, they discovered marijuana in the house.
Tragically, Marie was arrested for possession in forepart of her children. Marijuana remains illegal in North Carolina, just there is a meaning racial bias well-nigh who is criminalized for it, according to the ACLU. The same number of white people as black people use marijuana, but blacks are three.73 times more likely to be arrested.
The Swain 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, "Nosotros are a couple, and I am the male parent of her youngest child. This is what people practice for each other."
Lamar went on to say, "She has the money, and she can do what she wants with it. If I had that money, then I would practice the aforementioned for her. People are simply 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 bear witness, the bad headlines only kept rolling in. Marie's family and even former friends started accusing her of really stealing the lottery ticket from her mother, despite Fontella freely albeit 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 7-year sentence for charges related to possessing and selling heroin. True to grade, Marie persisted in pushing frontward and moving on with her life, demonstrating her strength and resilience.
A Goal Met
Despite poor gustation in partners, Marie did make some good decisions most what to practice with some of her money. She ended up giving $9.7 million to various charities. Office of that money went to the make-new Marie Holmes Foundation, which was established to provide for children in demand.
Marie'due south foundation provides necessities for underprivileged children. It likewise holds customs events, which are how some children become their school supplies and their Christmas presents. The foundation helps struggling young mothers like Marie was earlier she won the lottery.
Do Christians Gamble?
Marie was raised a devout Catholic, and she leans heavily on her Christian organized religion. Some people criticized her for playing the lottery at all, because it tends to be frowned upon past the church building. People have mixed opinions when it comes to Christians gambling.
One pastor said this to the Christian Postal service: "You lot can't be against the lottery, just your youth department is doing a RAFFLE! Same matter, pastor. SAME Affair!" The stigma remains almost gambling beingness an irresponsible money-waster. Others argue that there is nothing specific said virtually gambling in the Bible, so it's okay when it's not abused.
The Root of All Evil
Other religious people, such as one pastor cited in the Christian Post, 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, "Start, nosotros must guard against our love of money."
Information technology should be noted that when the Bible does mention "casting lots," information technology's not commonly talking about material gain, but about God. In an instance of this, Proverbs 16:33 states, "The lot is bandage into the lap, simply its every decision is from the Lord."
Some Friendly Communication
We recommend that others read the unfortunate story of Marie Holmes in instance they find themselves in her shoes. It'southward not at all easy to go from rags to riches, and like versions of her story have happened to others.
It's important to empathize tax laws for the long term, the rules of the lottery and investment options if yous always find yourself in the position of receiving a big windfall of coin. Be sure to hire a practiced professional financial skilful to aid you make up one's mind how to manage your money to avoid reckless decisions.
A Cautionary Tale
If you ever happen to find yourself in the unlikely position of winning the lottery some things to picket out for include authorities laws, lottery rules, state and federal taxes and your previous unpaid debts. These things can assistance you summate your expendable income.
It may be unwise in the initial excitement to promise lots of charitable giving, similar Marie did, without first doing the math to encounter what your take-home amount actually is. Multiple millions of dollars may seem similar an enormous amount, but equally Marie discovered, it's like shooting fish in a barrel to burn through it quickly if y'all are uninformed.
Further Drama
Some recollect that Marie had a run of terrible luck later she won the lottery, while others recall she brought her woes upon herself with poor decision-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 fellow — who somewhen ended up in federal prison anyhow — Marie too made some other questionable decisions after winning the lotto, such as buying her fellow a business of his own and buying her mother a house. She as well had harassment charges filed against her for allegedly calling a woman repeatedly to threaten her.
The Lesser Line
The ending of this story is more often than not grim, although Marie Holmes did do some positive things with a lasting impact before the concluding of her money was gone. She didn't seem to realize that she would be nether a microscope with the media and the public.
Here are a couple more tips, just in example you e'er hit it big: Don't trust anyone request for money, even if they seem to accept a very respectable social status (like the pastor who sued Marie Holmes). Call back the skilful that money can exercise, simply don't forget the bad. No matter what, don't brand bold promises immediately afterward 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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