Possible Bank Perks to ask for at your Exchange Appointment .
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
3. Family Office Services
4. Perks can be based on AUM (Assets Under Management) in a tier grid
5. Discounts on AUM fees
6. No fees ever - no fee to deposit/wire transfer money
7. No Broker fees ever
8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services
9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing
10.Provide Senior Wealth Managers/Investment Bankers for selection
11. Tax/Business/Estate Attorney & CPA
12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.
Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it
14.100% funding availability (immediate Funds) before we leave
15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
16. Line of Credit available
17. Group Health Insurance - to cover the signers and families of depositors
18. Guarantee 12-15% interest per year on deposits
19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts
20. Short Term/High Yield Interest Rates
21. Assist in opening an offshore bank account with affiliate bank for foreign investments
22. Access to information on great investment opportunities
23. Pre-IPO deals
24. Provide free Executive Privacy Plus subscription with Reputation.com
25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid
26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid
27. Limousine & VIP transportation based on AUM in a tier grid
28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month
29. First Class seats/commercial airlines based on AUM in a tier grid
30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year
31. Donations to our favorite charities (Banks matching a certain percentage)
32. Prime seats at charity events
33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
34. Membership fee & Annual fees to Inspirato Core resorts & residences
35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually
36. ClubCorp Private Membership based on AUM
37. Spa & Massage Club Membership based on AUM in a tier grid
38. Concierge Services 24/7 based on AUM
39. Provide a free cell phone & concierge subscription service for members with $1 million and over AUM
40. Free Family Financial Education provided for group family members
41. Provide any and all other perks that was not mentioned
15 Lessons Rich Parents Teach Their Kids
15 Lessons Rich Parents Teach Their Kids
Alux
00:00 - Intro
00:28 - Understanding how money works
01:36 - The difference between an asset and a liability.
03:08 - They are not entitled to anything.
04:33- How to be sociable and connect with other people.
05:27 - Increasing income instead of lowering expenses.
07:52 - How to create daily habits that give them incredible advantages.
09:09 - Money is a tool, and it's a good thing.
10:23 - Stop expecting immediate results and avoid magical thinking.
11:63 - Knowledge is more valuable than money in the long run.
13:37 - Don't work for money. Have money work for you.
14:46 - Solving problems is the quickest way to get rich.
15:38 - Not to waste time on things that do not correlate to the real world.
16:25 - How to use good debt instead of bad debt.
17:39 - 80% of the results come from 20% of the effort.
18:49 - Having money doesn't make you a better person.
15 Ways to Safe Guard Sudden Wealth
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
What to do if you win a large sum of money?
What to do if you win a fortune?
What to do after you sell your company?
00:00 - Intro
00:46 - Don’t tell a soul!
01:35 - Get rid of high interest debt immediately!
02:10 - Max out your retirement
02:49 - Instead of paying off your house: 75% of it should go towards rental properties
03:42 - Instead of going on holiday: 10% to alternative investments with proven track record
05:20 - Get an accountant or tax advisor to make sure everything is by the book
05:59 -Don’t screw around - now you have something to lose
06:44 - Control your spending urges
07:51 - Consider inflation and adjust for it
08:40 - You gotta get smart about money
10:10 - Consider the lifetime cost of ownership for the things you buy
11:44 - Do not give away parts of the principal to your family or friends
12:42 - Do not give away a portion of it to charity
14:20 - Move the money out of the country
15:14 - Develop a vision for the rest of your life
Things to do if you get Rich all of a Sudden- And More
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind)
6. Private Medical Care (Healthcare becomes proactive. Access to specialists. Enhances wellness).)
7. Executive Coaching (Improves your decision making, helps in making strategic decisions)
8. Home Security Services (State of the art surveillance systems, background checks on hired staff)
9. Private Travel (No waiting at airports. Flexible travel, Maximize your time, schedule, etc.)
10. Exclusive Country Club Membership (Rub elbows with the right people. Access to Milken Institute Global Conference-$50k, the Bohemian Club-$25k, etc.)
11. Wealth Transfer Specialist (Spheres of influence)
15 Things To Do If You Get Rich All Of A Sudden
Alux:
00:00 – Intro
00:56 - Do not let anyone know
01:25 - Pay all of your debt.
01:58 - Do not quit your job yet.
02:42 - Secure the money and let it sit for a while.
03:31 - Make investment in yourself a priority.
05:45 - Do not switch financial advisors.
06:27 - Get comfortable, but not rich-comfortable.
07:09 - Do not invest in your friend's business or lend them money.
08:06 - Do not start a business immediately.
08:46 - Prepare for change.
09:16 - Focus on getting healthier.
09:51 - the 5% rule.
10:32 - Protect your kids from the money.
10:58 - Do not cheat on your partner.
11;37 - Play it safe.
“It’s OK to say NO” From Dinar Recaps Archives
(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)
This story appears in ESPN The Magazine's Dec. 8 Big Money Issue.
HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?
Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him
"We've found a house," Frankie Pinkney told her son.
(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)
This story appears in ESPN The Magazine's Dec. 8 Big Money Issue.
HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?
Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him
"We've found a house," Frankie Pinkney told her son.
By this stage, wariness had become as intrinsic to Smith's identity as his brown eyes and bookcase shoulders. Silently, he awaited details. He had agreed to purchase a home in Southern California for his mother and stepfather. They would live in it; he would own it as an investment.
The agreed-upon budget was roughly $300,000, but over the course of the conversation, Frankie dropped the bomb. List price: more like $800,000.
Smith, now 23, is sitting at a polished wood table in the conference room of his lawyer's Dallas office. Surrounded by his girlfriend, accountant and lawyer, he fixes his eyes on a spot somewhere high on the floor-to-ceiling window. "Yeah, my parents wanted a house," Smith says. "But it was way bigger than mine and cost way more than mine."
It's not an easy topic for Smith to discuss -- recounting the conversation appears to be nearly as hard as being on the phone in the first place. He long ago gave up trying to pinpoint when it all went wrong, when the combination of family and money turned corrosive, when one ceased to exist without the other. He recites facts, stripped of emotion, as if determined to turn a painful time in his life into an after-action report.
"That call," he says. "That was the point where I said, 'That's enough.'"
At that precise moment, as he hung up the phone without giving his mother assent or encouragement, something hardened inside him. Reclaiming his finances, that was the easy part. Demystifying his new life -- being something other than a conduit for the wishes of those around him -- that was more complicated.
It works like this: We lack the linguistic dexterity to explain the myriad paths of young men who emerge from poverty -- or a simple lack of privilege -- and achieve riches by playing a game. When words fail us, a creation myth must fill the void, and so the modern professional athlete becomes our Sedna, a massive woman of Inuit legend who lives at the bottom of the ocean, controlling the underworld by providing fish to keep her people from going hungry.
Our version of Sedna frees himself from the streets -- the temptations, the poverty, the turbulent flow of every Bad Part of Town -- through a ceaseless, unquenchable devotion to his sport. Visions of The Escape accompany every rep on the bench press, every free throw in an empty gym. In short, his life is a series of made-in-Akron, Beats by Dre moments.
Yes, he will rise up to leave it all behind, but here's where the mythological sleight of hand appears: He'll bring it all with him too. He can't forget where he came from. The myth mandates loyalty and strikes down the ingrate.
And all those people who toiled alongside, those who believed in him and sheltered him and sacrificed for him? They'll also come along, for he's the sin-eater, absorbing all debts -- moral and financial -- so others can be absolved. And his people will never go hungry again.
Jeff Wilson His family's demands for money isn't an easy topic for Smith to discuss.
IT LONG AGO became easier for an athlete to subscribe to this myth than to defy it with his personal story. Easier to nod and smile and tacitly agree to be a benign receptacle for our society's need to bundle its fairy tales into color-coded boxes.
Why else would newly minted professional athletes -- and let's cut the pretense: It's nearly always young black athletes -- invariably be asked whether they've bought their mother a new house? Or a new car? Or both? Does anyone know whether Aaron Rodgers moved his stay-at-home mother and chiropractor father out of their Chico, California, home and into a beach mansion? Has anyone ever thought to ask?
But could it be possible, ever so slightly possible, that athletes who come from similar backgrounds can have wildly dissimilar stories?
Smith's story is best told chronologically. And it begins, as so many do, in a van filled with cleaning supplies rattling down a desolate highway somewhere in the Mojave Desert.
Smith spent much of his elementary school years working for the family business. Pinkney's Cleaning Service specialized in cleaning new buildings after construction was complete but before tenants moved in. Family members would often climb into that van, drive from their home in Moreno Valley, California, to Phoenix or Sacramento or anywhere in between, clean a building and then pile back into the van for a return drive that could last seven hours.
They'd pull into the driveway at 4 or 5 a.m., and Tyron and his five siblings -- a mixture of half brothers, half sisters, stepbrothers and stepsisters -- would be at school by 8.
Introspective and shy, bigger than his peers, Tyron felt detached, like an asset rather than a son, someone valued primarily for his ability to clean tall windows. The detachment might have been rooted in a moment he was too young to remember: the death of his father, Jerry Lee Smith, when Tyron was a year old. Tyron was told that Jerry Lee was murdered and that someone is in prison for the crime, assertions he's been unable to substantiate.
"Growing up, it's hard to feel separated," he says. "You don't know which direction to go. ... It got really complicated. I was the one who always asked, 'Can I get my own job? Can I do my own thing?' I didn't want to work in the janitorial business my whole life."
Smith doesn't remember watching football as a kid; he had neither the time nor the inclination. He was too big for Pop Warner, and besides, there were van rides to take and windows to reach. But he began to play in high school, and his size and natural ability immediately meshed with his work ethic. He didn't so much find football as it found him. He was huge and nimble, eventually reaching 6-foot-5 and 310 pounds, and by his junior year everyone had a pretty good idea where this was headed.
He was excused from janitorial work if he had a weekend camp to attend, and he remembers thinking, "It was a little weird they let me do my own thing." When he's asked if that created friction between him and his siblings, he says, "It probably did, but I never knew about it." It sounds like the first time this possibility has occurred to him.
Was this the beginning of Tyron's embrace of the myth? When he climbed into the van after Friday night games, heading for another empty building, did he close his eyes and dream of The Escape, when he could direct schools of fish to the surface and rid everyone of this burden?
"When I was out there, I was just enjoying playing," Smith says. "For me, playing a sport was my own space, away from reality. You don't have to worry about anything because you're out there, and you can just play freely."
He did it well enough to earn a scholarship to USC, and in his junior season, something shifted in the family dynamic. NFL decision makers began seeing Smith, with his 85-inch wingspan and sub-5.0 speed in the 40, as a potential first-round pick in the 2011 draft.
The conversation at home took on a sharper edge. Family members wondered how much he might get and what percentage of that they might get. There was talk of cars and houses and jewelry. "All of a sudden, people's perception of me started to change," Smith says.
As Leigh Costa, Smith's girlfriend, puts it, "He's always told me he felt like nobody ever really cared about him until coaches started saying, 'You could be really good.'"
HE PLAYED ALONG with the myth. Everyone else was, so what choice did he have? When he was chosen No. 9 in the draft, he was 20, the youngest player in the NFL. He signed a four-year, $12.5 million contract, bought his mom a Range Rover and vowed to pay off his parents' mortgage and retire the family's debts.
"I didn't think I owed them anything," Smith says. "I just really wanted to help out. I know how hard the struggle is, and growing up we always had to worry about debt. That was my thing: Use this money to pay off your house, pay your debt and be free of all that stuff."
Later, Smith discovered the money he provided wasn't used for those purposes. Asked how it was spent, Smith shrugs, betraying no emotion. "We don't know," he says.
A direct line could be drawn connecting that moment to the moment he hung up the phone because it marked the beginning of a gradual erosion of trust and control. His humanity vanished beneath a barrage of requests. He was no longer son or brother or friend. He began to feel like a human Santa list, robbed of his capacity to be generous.
"The things that were asked for as gifts shocked me," he says. "All I could think to say was, 'Hey, that sounds really expensive.'"
He paid for airline tickets so strangers and near strangers could accompany his parents to games in Dallas. He paid for game tickets (players get only two comps), parking and food. He paid for hotel rooms or let the guests stay in his home.
"Tyron deferred to the mom, who deferred to the stepdad, who had his own mindset on what he deserved and what he should get," says a family associate with knowledge of the situation. "Tyron's a great kid. He was young and overwhelmed."
And so he relented. The myth, after all, demanded he remember where he came from, and a sort of achiever's guilt took over. His family was still back in Moreno Valley, still doing the job he had worked so hard to avoid. He started to think: Maybe I don't deserve all this money. When his financial adviser would call for authorization to transfer funds to his family, he'd say, "Yeah, just transfer it over." They wore him down. Inside, it tore him up.
Studies indicate that 78 percent of NFL players are bankrupt within two years of retirement. How many of those bankruptcies can be attributed to the gradual erosion of control, the constant drip of family and friends asking for money and the unwillingness to confront it? John Schorsch, Smith's lawyer, estimates that the family received roughly $1 million from Tyron's accounts over one year.
"I'm not trying to be hurtful, but I'm not making this money so other people can live off it," Smith says. "You have to understand: This game doesn't last long at all."
AFTER HIS ROOKIE year, Smith was moved from right tackle to left, a huge promotion in an offensive lineman's world. When he texted his parents to tell them, the response he received did not convey joy or congratulations. Instead, it referenced his next contract and how it would be bigger now that he was playing a more valuable position. "It was hard to have a straight-up conversation," Smith says. "I love my family -- I do -- but I didn't love what they became."
A financial adviser who works with numerous professional athletes says, "As players get more, their families want to be paid more. People lose their humanity. We call some family members 'backup point guards' because that's how they believe they should be paid."
Smith's issues went beyond money. Costa, four years Smith's senior and a former account executive for a Dallas sports radio station, was caught in a story as old as time: She, the newcomer, brunette and pretty, was blamed for separating him from his family and controlling his life and finances. Members of his family allegedly made death threats against her. "I brought her into the middle of all this stuff," Smith says. "They bashed her any way possible, and she didn't do anything wrong."
After his mother's request for the $800,000 home, Smith made a last-ditch effort. He placed a call to Moreno Valley, saying, "I love you all, and you mean the world to me, but all this money stuff is stressing me out. Can we just have a great relationship?"
But the lines had been drawn. "We kept getting voice mails and emails threatening all kinds of things," Costa says. Smith and Costa enlisted Schorsch to handle the legal affairs.
They cut ties with Smith's financial adviser and made the myth-defying move of hiring Bill Saplicki, a Dallas accountant who was recommended to Costa and who works primarily with doctors and dentists and precisely one professional athlete.
In the summer of 2012, Schorsch filed to have a protective order placed against Smith's parents and siblings, prohibiting them from having contact with him. The event that precipitated the protective order occurred on June 16 when Smith's mother and stepfather confronted him publicly while he was working at a youth football camp at his alma mater, Rancho Verde High School in Moreno Valley.
"We did as little as possible to accomplish as much as possible," Schorsch says. And yet on the night of Saturday, Oct. 27, 2012, with Smith at the team hotel on the eve of a home game against the Giants, two of his sisters arrived unannounced at the home Smith shared with Costa in North Dallas.
The doorbell rang, and Costa looked through the glass in the door and froze.
"You need to let us in this house," one of them said.
"Why?" Costa answered. "You've made threats against my life. I don't know what you have on you right now, and your brother's not here."
Costa said she called the police after the women repeatedly said, "We're not leaving until you let us in." Three days later, on Tuesday afternoon, two of Smith's sisters were among three people who returned to the house. This time, Smith called 911 and police cited the women for disorderly conduct. A Dallas police report noted that Smith's sisters were there to "harass and torment ... in the pursuit of collecting financial gain."
Frankie Pinkney turned down an interview request. She directed questions to her manager, Mark Wayne, who runs an entertainment company with offices in Seattle and New York. Pinkney, according to Wayne's website, is part of a group attempting to sell a reality show called Football Moms.
"She's been painted as an extortionist to her own son, which is not true," Wayne says. "There's so much friction between her and her son. She loves her son with all her heart and wants to reunite. I don't think she's had a fair shake."
Wayne refused to elaborate, except to say, "The truth will come out. It's not for me to share; it's for Frankie. She took the heat for a lot of stuff. Her reputation has been damaged."
What is she waiting for? "She needs to heal," Wayne says. "A lot of healing needs to take place."
night loss to the Redskins on Oct. 27, Smith exhibits the second-day inertia of an NFL offensive lineman. It's quite a contrast. On game day, he's powerful and punishing, remarkably light on his feet -- like a dancing oak. Two days later, he lowers himself into his chair slowly, as if every vertebra moves independently. "My back -- ooh," he says, wincing. "Really stiff today."
Schorsch has a standard answer when questioned about Smith's financial responsibility to his family. "I am certain none of them ever took a hit for him," the attorney says. "None of them had to get a shot so they could get up and go to work. And they're not entitled to share in this. No matter what they did, they're not taking the risk."
That risk, short- and long-term, is significant. In his fourth year as a pro, Smith has already had a career longer than the NFL average according to the NFL Players Association. He has avoided serious injury but has had periodic ankle issues. Sedna might live forever, but an offensive tackle is not as lucky.
Smith is mellow, with the voice of a late-night DJ on a smooth-jazz station. He is almost allergic to attention; rather than speak to reporters, he sometimes stays in the training room after practice or games while a team employee delivers his clothes.
He plays with a composed, almost detached air, like a man at peace with the violence of his profession. (During a game in late October, however, he did trade punches with Giants defensive end Jason Pierre-Paul.) His ability is unquestioned:
He is widely considered one of the top three offensive tackles in the game, and for his play against the Seahawks in Week 6, he became the first offensive lineman in 10 years to be named offensive player of the week.
He treats money the way most people treat a gym membership: It's there, and he'll use it if he needs it. In July, he signed an eight-year extension, making his contract now worth a potential $109 million, with $22.1 million of that guaranteed.
Many in the business felt the deal was too team-friendly -- Pro Football Talk called it "nuts" -- because it leaves one of the league's brightest young stars with no bargaining power for an entire decade.
But the criticism fails to account for Smith's loyalty to Jerry Jones and the Cowboys, whose security team has assisted Smith and Costa and was once called on to remove one of Smith's brothers from the team's training camp in Oxnard, California.
Smith, who drives a Jeep he gets as part of an endorsement deal, values stability
and craves normalcy. When he goes out to a four-star restaurant for a weekly dinner with Cowboys offensive linemen, they tease him for wearing clothes Leigh has chosen.
"I have no style whatsoever," he says, holding his hands out to show off his workout shirt, sweats and shower shoes. "The guys know I don't dress myself. I wish it was like the early '90s, when you could wear jumpsuits."
When Costa asks him if he likes something -- whether it's a couch or a shirt or a toaster -- he answers her question with a question. To demonstrate, Smith holds a coffee cup over the table and says, "It could be something as cheap as this mug, and my first question is, 'How much does it cost?'"
"You're very conservative," Saplicki says.
No," Smith corrects. "Cheap."
"I know the amount of money I make in the NFL could be over any day," Smith says. "It has to be put aside for me later down the line or for when I have a family."
Listen to Smith long enough and you'll pick up a pattern: He repeatedly uses the word "work" to describe what he does. He says it so often, it begins to feel intentional, or maybe it's a reflexive response to the weight of his success.
The distance between the word "work" and the word "play" is immense: He plays football for a living, while the nonsports world -- the janitorial world, for one -- goes to work. "I saw the daily struggle," he says. "It taught you to live within your means and know what it means to actually earn a dollar."
The demystified truth is this: He suits up for the Cowboys not because he loves football necessarily; he's playing because he's darn good at it. For the love of the gameis largely an external phenomenon anyway, promoted by those who link generational bonding and the passage of time to a particular uniform.
No matter how much it gets sexed up -- and in Dallas, in Jerry's world, they do their best -- there is nothing romantic about slamming your massive body into another massive body as a way of making a living. It's exactly what Smith says it is -- work -- and he speculates that half the players in any NFL locker room would walk away from the game if they were offered the same pay to do something else.
Is that heretical? Or is that how myths die and reality survives?
Understand this: Smith wasn't eager to talk. Things are quiet, the way he likes them. The stress is gone. He can go home and hang out with his rescue dogs -- he and Costa have five, including a 110-pound French mastiff named Beast -- and not worry about the next phone call or knock on the door.
But he knows his story is important. When he finishes playing, he's got an idea to travel the country telling it to top college players. He wants them to know that he said no and they can too. He wants them to know it's OK to stand up to the pressures from family and friends. He wants them to take control of their money and understand how long it has to last.
"It's so personal, and nobody really talks about it," Smith says. "'Hey, this sibling or family member is screwing me over.' You won't hear that, but it's a real issue. I'm not trying to bash my family at all, but it's hard to talk about this without doing that. And a lot of people aren't willing to tell their story."
It's getting late. The traffic in the throbbing Metroplex, 13 floors below, is starting to ease. Smith begins the process of standing, his back working like an elevator in a fleabag motel, refusing to be rushed. The men in suits stand at his sides like reverse bodyguards, and Smith says, "It's OK to say no," as if to remind himself one more time.
Don’t Let This Happen to You
From Recaps Archives
Note: All Dinarians should read this.....So it will NOT happen to you!
Investorchick at TNT: Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
From Recaps Archives
Note: All Dinarians should read this.....So it will NOT happen to you!
Investorchick at TNT: Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
Of course me being a Dinarian and riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc and I have done my research about this kind of thing.
All of us have been told the statistics and I do realize that all of this waiting has been hard, although the real challenge comes after our blessing arrives.
My friend told me the story of how his mother had won the lottery and how she had come to "lose it all".
I was fascinated because although we hear about it, I had never met someone in this unique situation. This is her story in a nutshell.
She won 5 million dollars and was not financially educated in any formal way. She made her decisions quickly and without professional help. Her son told me she wanted to "show them all" who she was and rub it in their face, whoever "they" are.
She gave $500,000 to her sister and then $600,000 to each son. She was down 1.7 million to start and it gets dramatically worse from there.
Her sons accepted the gift and my friend was in a not great marriage and of course since he had just received $600,000 from his mother that was not his own lotto winning or an inheritance, his wife when she divorced him was entitled to half.
The other son burned through his quickly as he also had no formal education or did not seek professional help.
My friend however did the wise thing and invested his remaining $300,000, he still has it 15 years later and it's making him money daily.
I repeat, it's invested professionally and it makes him a return daily!
This lady bought a brand new house, hired an interior designer and of course the new performance car, fully loaded. She spent 30-40 THOUSAND per month at the casino because they were "so nice to her", no kidding!
She brought her sister for company and of course her sister didn't spend any of her $500,000. She had an addiction to scratch tickets and lotto tickets even though she had already won.
She handed out $50 tips at the grocery store to the cashiers etc. She had the life she always wanted and she sure made a big splash doing it.
It didn't take long for the money to run out and her to be in a worse situation then when she won the money.
I sat and listened in sheer amazement! I gave her a ride home that night because the battery on her car was going and she didn't have the money for a new one, imagine!
Her son was taking it to be fixed the next day for her and footing the bill.
I drove her home and she went on and on about her house etc. I drove up and although it's a beautiful place it was overgrown and unkept, no money for maintenance, the neighbours must be thrilled.
She invited me in and was proud to show me all of her treasures. My heart truly went out to her as there she was and now it's all gone and the house will be going soon too.
I looked at her and gently asked if she had to do it all over, what would she do different? She looked down and thought about it, looked up at me and said she would have got some help.
Everyone was my friend, she said, until the money ran out. I wished her good night and got in my car and thanked God for that experience in person and up close.
It's real, it happens and it will happen to some of you.
I told her son about this investment and he has some currency, I know she will be looked after but it sure makes you think.
How many shots at wealth does a person generally get in their lifetime?
I'm thinking not too many.
The sad thing about it, is how much she gambled away looking for money and "the win" again.
Folks, when this blessing arrives, your ship came in and this for most of us will be the one shot you get at wealth. Don't waste it!
There are several lessons to be learned from this story.
Be wise, move with caution and be deliberate with your actions. I truly hope by sharing this story, it can help at least one person, my eyes have sure been opened!
9 Surprising Items Professional Movers Won't Move
Did you know movers won't handle your nail polish remover? Seriously. Here's what your movers won't move under any circumstances.
Dan Thorp-Lancaster Wed, July 3, 2024
Professional movers will pack and transfer just about anything in your home, but they won't even touch some things. Federal regulations limit moving companies from handling anything deemed hazardous. That includes common household items such as nail polish remover.
Here's a list of other things you'll have to make alternate plans for before you move. You could squirrel some of them away and take your chances, but movers may make you sign a document to state you won't move any of the following items.
Potentially hazardous items you'll need to move yourself
Did you know movers won't handle your nail polish remover? Seriously. Here's what your movers won't move under any circumstances.
Dan Thorp-Lancaster Wed, July 3, 2024
Professional movers will pack and transfer just about anything in your home, but they won't even touch some things. Federal regulations limit moving companies from handling anything deemed hazardous. That includes common household items such as nail polish remover.
Here's a list of other things you'll have to make alternate plans for before you move. You could squirrel some of them away and take your chances, but movers may make you sign a document to state you won't move any of the following items.
Potentially hazardous items you'll need to move yourself
Batteries
You may think your batteries are harmless, but they have the potential to become little, toxic fire starters. Sitting in the back of a hot truck can cause them to combust, so movers will avoid transporting them. Even if they don't start a fire, heat and punctures can cause batteries to leak, leaving toxic chemicals in their wake.
Gas, nail polish remover, and other flammable liquids
If you keep gas or oil in your garage for lawn equipment, you'll have to move it yourself. For the same reason as batteries, flammable liquids are a no-go in hot trucks where they can leak and catch fire. Even nail polish remover is a hazard, so sweep your home for flammable liquids and securely transport them yourself or properly dispose of them.
Ammunition and explosives
It should probably go without saying, but we'll write it anyway: your movers won't handle explosives. And while they will sometimes move unloaded firearms, ammunition is prohibited. If you're crossing state lines, check the local laws and regulations for how to legally transport guns and ammunition.
Corrosive chemicals, poisons, and cleaning products
Toxic chemicals can easily leak during the moving process. Not only is this a health hazard to your movers, but corrosive chemicals can damage the rest of your belongings or the moving truck. Your movers will also refuse to handle household cleaning products because of their potential to form a toxic gas when combined.
Pressurized gas cylinders
If you or a loved one has ever used an oxygen tank, you probably know how dangerous they are. The potential hazards from a puncture or leak, stray spark, or excessive heat aren't worth the risk of loading them into a moving truck. This is also true for other pressurized containers like propane tanks, fire extinguishers, hairsprays, and anything else that can pose a fire or projectile risk.
Live plants and animals
https://www.yahoo.com/lifestyle/common-household-items-movers-wont-move-190007904.html
VELOCITY OF MONEY From Recaps Archives
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
Don’t hoard it, and on the other hand, don’t waste it or give it all away. Save, invest, and spend wisely.
One of the single best things you can do with a small portion, and in effect a very small portion, is to be more generous over at least the next 18-24 months (or the longer) spending your money locally. What do I mean? The answer is the ‘VELOCITY OF MONEY’.
The Velocity of Money is a fairly simple financial concept where a ‘community’ can be positively impacted by the way a group of individuals increase the spending of their money in their economy, and in turn, the ripple effect of that spending as it accelerates throughout that same economy.
It can be local, regional, national, and even global. Velocity of money is most effective in a smaller market with the smaller more predictive population of a local economy, and it isn’t just effective, it is fun for the people spending their increased earnings, or in this case, significant returns on an investment. Yep, that is you!
Anyone who has ever lived in a small town or Suburban area where a new large company has come in and opened a large facility and hired a large amount of employees has witnessed this phenomenon.
Money gets pumped in and spending from increased disposable income begins to spread out through the entire community finding its way into the wallets of all the inhabitants.
The goal is to spend your money at local establishments on services, appliances, home improvements, food, entertainment, and such.
More precisely on things like tipping an extra 5-15 percent, using a valet to park at the local steakhouse (tipping extra), go hear a local band (put money in the tip jar), buy cheese or pork or beef at a farmers market instead of 2 month old shrink wrapped processed cheese from a Big Box store or grocer, get an extra manicure or haircut (tipping extra!), get your car repaired at the mechanic down that side road instead of Walmart or the Dealer, buy those nicer hiking boots ‘Made In America’.
Get your computer cleaned up by that geek in the shop she set up in the old 7-11 building, buy your lumber from the local milled lumber supplier not the National Chain hardware store, deal with a local community bank or credit union with a substantial portion of your money… you get it now right.
Think about it. You may be spending either the same amount or perhaps an extra 10-20%, and you’re getting the same things… OFTEN WITH THE BONUS OF MUCH HIGHER QUALITY PRODUCTS WHILE GETTING TO KNOW YOUR NEIGHBORS ON MAIN STREET!!!
I personally look forward to trying some of the world’s best Craft Breweries in Richmond (tipping generously) and touring some of Virginia’s wineries (tipping generously)… jealous of you Kentucky folks that can tour the best ‘Bourbon’ distilleries on the planet, or you ‘Whiskey’ lovers in Tennessee just outside of Fayetteville down the Admiral Frank B Kelso highway or those in Nashville who can wander in a restaurant and catch a ‘local’ band like Kenny Chesney, lol. Believe it!
By doing this the dominoes of positive change begin to fall within your local community. The ripple effect is that the waiters, mechanics, manicurists, hairstylists, valet, carpenter, plumber, artisan cheesemaker, farmer, and others in your community begin to make more money.
And what do they do? They go out and spend more, tip more, consume more. Your local tax authority makes more sales tax revenue and spends it on improvements.
I’m in America, but the Velocity of Money is true in Canada, Great Britain, Iraq, Vietnam, or anywhere. And guess what? Since this is fun stuff you’ll be doing while spending your hard earned money, you will also be wearing a BIG smile.
There is nothing more infectious and quick to spread goodwill than passing on your smile accompanied by kind words. So be wise with your prosperity and have some fun …LOCALLY.
Even pay attention to those companies being loyal corporate citizens to us through the new incentives to stay and manufacture here, and be loyal to them.
The fruit you bear will fall from your tree and spread its seeds…
Live and grow in the nine fruits of the Spirit and you will sow the nine fruits…
Love, Joy, Peace, Patience, Kindness, Goodness, Gentleness, Faithfulness, and Self-Control.
Take care –Virginia Gentleman
Possible Bank Perks to ask for at your Exchange Appointment .
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
From Recaps Archives:
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
From Recaps Archives:
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
3. Family Office Services
4. Perks can be based on AUM (Assets Under Management) in a tier grid
5. Discounts on AUM fees
6. No fees ever - no fee to deposit/wire transfer money
7. No Broker fees ever
8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services
9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing
10.Provide Senior Wealth Managers/Investment Bankers for selection
11.Tax/Business/Estate Attorney & CPA
12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.
Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it
14.100% funding availability (immediate Funds) before we leave
15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
16. Line of Credit available
17. Group Health Insurance - to cover the signers and families of depositors
18. Guarantee 12-15% interest per year on deposits
19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts
20. Short Term/High Yield Interest Rates
21. Assist in opening an offshore bank account with affiliate bank for foreign investments
22. Access to information on great investment opportunities
23. Pre-IPO deals
24. Provide free Executive Privacy Plus subscription with Reputation.com
25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid
26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid
27. Limousine & VIP transportation based on AUM in a tier grid
28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month
29. First Class seats/commercial airlines based on AUM in a tier grid
30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year
31. Donations to our favorite charities (Banks matching a certain percentage)
32. Prime seats at charity events
33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
34. Membership fee & Annual fees to Inspirato Core resorts & residences
35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually
36. ClubCorp Private Membership based on AUM
37. Spa & Massage Club Membership based on AUM in a tier grid
38. Concierge Services 24/7 based on AUM
39. Provide a free cell phone & concierge subscription service for members with $1 million and over AUM
40. Free Family Financial Education provided for group family members
41. Provide any and all other perks that was not mentioned
Example of an Exchange Appointment Checklist and Tips For the Big Day
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Bank appointment for Currency EXCHANGE Instructions/Checklist
Bank Name_________________________________________
Bank 800#__________________________________________
“I am calling to schedule a foreign currency exchange”
My name is___________________________________________
My zipcode is__________________
My e-mail address is (If they ask for it)________________________________
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Bank appointment for Currency EXCHANGE Instructions/Checklist
Bank Name_________________________________________
Bank 800#__________________________________________
“I am calling to schedule a foreign currency exchange”
My name is___________________________________________
My zipcode is__________________
My e-mail address is (If they ask for it)________________________________
For your own information or at your exchange appointment : No one is supposed to ask how much currency you have until you are at the exchange appointment.
I have________________________ IQN (Iraqi) currency
I have________________________VNN (Vietnamese) currency
I have________________________ IDN (Indonesian) currency
I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008AA notes of ZWN (Zimbabwe) currency
FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:
Your appointment Information:
Date_________________________
TIME_________________________
The Location____________________
------------
The Day of Your Appointment- Things To Do
1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.
Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank parking lot!
2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.
You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.
3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE! Seriously consider hiring security to accompany you to your appointment or bring a trusted friend.
4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.
5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.
Be prepared to uphold it!
If you break the terms, you could lose your newfound wealth.
If the NDA is more complex and you are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.
REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.
--------------
The Day of Your Appointment Things NOT To Do
Do not demand anything while at the bank or act like a lunatic, you will be escorted out.
Remember the Golden Rule “Treat others the way you wish to be Treated”!!!
Items to Bring to the EXCHANGE Appointment
(Check off the list as you put all items needed together to make sure you remember everything)
“Driver’s License
“Second form of ID (accredit card or passport)
“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID
“Power of Attorney Paperwork (If you are exchanging for someone else)
“A pad, pen to take notes, calculator
“Receipts for all currency purchased or gifting letter if they were a gift in case they are needed (Do not offer them, only do so if they are requested)
“IQD / VNN / IDN / ZWN currency
“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.
You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)
“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to
“Decide in advance if you will be requesting cash for “Pocket Money” beforehand and how much……if allowed
-----------
New Account Numbers for each Currency EXCHANGED (If You decide to have separate accounts) For your own records. At one time it was suggested to use separate accounts for each currency in case of different tax liabilities……That may no longer be the case
Name of Bank Exchanger____________________________________________
Bank____________________________________________
Branch___________________________________________
IQD Checking Account Number__________________________________________
IQD Checking Routing Number__________________________________________
IQD Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________
Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)
“Make sure you receive copies of the deposit slips and all account information
“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)
“Get starter checks if needed until your checks arrive
“Get ATM card if you want one
“Set up Online Banking if wanted
“Inquire about Extra Insurance for your funds __________
(Use the same format for VND, Rupiah, Zim and Rial or other currencies if they are also exchangeable at this time)
DID YOU GET A COPY OF YOUR SIGNED NDA?
Set second appointment with a Private Banker or Wealth Manager (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount
This appointment will be the one in which you discuss all of your options for investment and
your “perks”. Also Trusts and all other questions you may have.
Private Banker Name__________________________
Telephone Number____________________________
Appointment time______________
Location___________________________
Notes: ___________________________________________________________________
____________________________________________________________________
___________________________________________________________________
"Don't Let This Happen To You! " From Dinar Recaps Archives
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Note: All Dinarians should read this.....So it will NOT happen to you!
From InvestorChick at TNT
Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
Of course me being a Dinarian and riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc and I have done my research about this kind of thing
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Note: All Dinarians should read this.....So it will NOT happen to you!
From InvestorChick at TNT
Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
Of course me being a Dinarian and riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc and I have done my research about this kind of thing
All of us have been told the statistics and I do realize that all of this waiting has been hard, although the real challenge comes after our blessing arrives.
My friend told me the story of how his mother had won the lottery and how she had come to "lose it all".
I was fascinated because although we hear about it, I had never met someone in this unique situation. This is her story in a nutshell.
She won 5 million dollars and was not financially educated in any formal way. She made her decisions quickly and without professional help. Her son told me she wanted to "show them all" who she was and rub it in their face, whoever "they" are.
She gave $500,000 to her sister and then $600,000 to each son. She was down 1.7 million to start and it gets dramatically worse from there.
Her sons accepted the gift and my friend was in a not great marriage and of course since he had just received $600,000 from his mother that was not his own lotto winning or an inheritance, his wife when she divorced him was entitled to half.
The other son burned through his quickly as he also had no formal education or did not seek professional help.
My friend however did the wise thing and invested his remaining $300,000, he still has it 15 years later and it's making him money daily.
I repeat, it's invested professionally and it makes him a return daily!
This lady bought a brand new house, hired an interior designer and of course the new performance car, fully loaded. She spent 30-40 THOUSAND per month at the casino because they were "so nice to her", no kidding!
She brought her sister for company and of course her sister didn't spend any of her $500,000. She had an addiction to scratch tickets and lotto tickets even though she had already won.
She handed out $50 tips at the grocery store to the cashiers etc. She had the life she always wanted and she sure made a big splash doing it.
It didn't take long for the money to run out and her to be in a worse situation then when she won the money.
I sat and listened in sheer amazement! I gave her a ride home that night because the battery on her car was going and she didn't have the money for a new one, imagine!
Her son was taking it to be fixed the next day for her and footing the bill.
I drove her home and she went on and on about her house etc. I drove up and although it's a beautiful place it was overgrown and unkept, no money for maintenance, the neighbours must be thrilled.
She invited me in and was proud to show me all of her treasures. My heart truly went out to her as there she was and now it's all gone and the house will be going soon too.
I looked at her and gently asked if she had to do it all over, what would she do different? She looked down and thought about it, looked up at me and said she would have got some help.
Everyone was my friend, she said, until the money ran out. I wished her good night and got in my car and thanked God for that experience in person and up close.
It's real, it happens and it will happen to some of you.
I told her son about this investment and he has some currency, I know she will be looked after but it sure makes you think.
How many shots at wealth does a person generally get in their lifetime?
I'm thinking not too many.
The sad thing about it, is how much she gambled away looking for money and "the win" again.
Folks, when this blessing arrives, your ship came in and this for most of us will be the one shot you get at wealth. Don't waste it!
There are several lessons to be learned from this story.
Be wise, move with caution and be deliberate with your actions. I truly hope by sharing this story, it can help at least one person, my eyes have sure been opened!