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Brooklyn Teen Wins $1,000 For Life From Lottery Scratch-Off Game [Weekly for Life]
Yahoo Finance ^ | June 13, 2012 | Jill Krasny (Business Insider)

Posted on 06/14/2012 11:45:57 AM PDT by QT3.14

Robert Salo, 18, didn't think twice about following his gut when he plunked down $2 to play New York Lottery's "Win for Life" scratch-off game last week.

No one could have guessed he'd beat the 1 in 7,896,000 odds to become the game's youngest winner.

After coming forward Tuesday, the high school senior is $1 million richer and all set to receive $1,000 payments each week for the rest of his life.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Miscellaneous; News/Current Events; US: New York
KEYWORDS: lottery; newyork; robertsalo
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1 posted on 06/14/2012 11:46:05 AM PDT by QT3.14
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To: QT3.14
Kid with college plans! Couldn't happen to a better person that could use it.

At last the winner wasn't a druggie gangsta.

2 posted on 06/14/2012 11:47:56 AM PDT by QT3.14 (Never Argue With A LIBERAL...They Will Drag You Down To Their Level, Then Beat You With Experience!)
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To: QT3.14
"I'm going to invest in myself."

Good for him.

3 posted on 06/14/2012 11:48:41 AM PDT by bgill
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To: QT3.14

Good Luck


4 posted on 06/14/2012 11:50:01 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: QT3.14

Great for him. I wonder what $1000 will buy in 20 years.


5 posted on 06/14/2012 11:51:24 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: SampleMan
Great for him. I wonder what $1000 will buy in 20 years.

How much is Confederate money worth now?

6 posted on 06/14/2012 11:55:25 AM PDT by Sirius Lee (False prophets offer only a false choice. They are false friends. Choose Goode instead.)
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To: SampleMan
I wonder what $1000 will buy in 20 years.

A trip to Mickey Dees?

7 posted on 06/14/2012 11:56:52 AM PDT by Wingy (Don't blame me. I voted for the chick. I hope to do so again.)
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To: QT3.14

Does this make him a 1%er?


8 posted on 06/14/2012 12:02:01 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SampleMan

“I wonder what $1000 will buy in 20 years.”

Hell with that, I’m worried what it will buy NEXT year.


9 posted on 06/14/2012 12:07:36 PM PDT by MeganC (No way in Hell am I voting for Mitt Romney. Not now, not ever. Deal with it.)
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To: QT3.14
Perhaps some would argue with that decision, pointing to soaring tuition costs and well-paying jobs that don't require a degree.

Straw man.

There is a difference between burying yourself in debt to go to college and paying cash out of your pocket.

Burying yourself in debt for a degree in "Communications" is probably a bad idea.

10 posted on 06/14/2012 12:10:46 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: QT3.14

1000 a week for life. It’s just like being a cop!


11 posted on 06/14/2012 12:11:44 PM PDT by DariusBane (People are like sheep and have two speeds: grazing and stampede)
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To: QT3.14
$1,000 payments each week

Before or after tax?

12 posted on 06/14/2012 12:12:11 PM PDT by Tax-chick (Your shipment of failure to take a nap has arrived. It's whiny.)
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To: Wingy
I wonder what $1000 will buy in 20 years.

A trip to Mickey Dees?

From the value menu.

13 posted on 06/14/2012 12:15:12 PM PDT by mountn man (Happiness is not a destination, its a way of life.)
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To: QT3.14

Unless this kid has a strong moral compass and supportive family, his $1,000 per week for life is going to destroy him. Acquiring wealth in this manner usually does not end well foe those who do.


14 posted on 06/14/2012 12:15:42 PM PDT by MasterGunner01 (11)
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To: QT3.14

This will be fine until the Gov determines it can’t find an investment that will pay 5% APR.....


15 posted on 06/14/2012 12:18:52 PM PDT by G Larry (Criminals thrive on the indulgence of society's understanding)
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To: QT3.14

Brooklyn? New York City? New York State? Federal taxes? Guess he’ll wind up with $47.50 when all is said and done.


16 posted on 06/14/2012 12:42:09 PM PDT by SkyDancer
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To: MasterGunner01

$52,000 per year, before taxes is nice, but it’s not exactly life-altering like winning $100 million.


17 posted on 06/14/2012 12:42:29 PM PDT by SoothingDave
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To: QT3.14

Depending on his color, his biggest challenge might be to live long — the prosper part has been taken care of!


18 posted on 06/14/2012 12:43:06 PM PDT by George from New England (Ecaped CT in 2006, moved to north of Tampa)
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To: MasterGunner01

But, $52K/year will soon be just above the poverty line!

Thanks, Obamugabe!


19 posted on 06/14/2012 12:52:37 PM PDT by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: SoothingDave
$52,000 per year, before taxes is nice, but it’s not exactly life-altering like winning $100 million.

You're right. In 2012, $52,000 a year is not bad for an 18 year old kid. As others here have pointed out, 10 or 15 years from now, it won't be worth that much. Hopefully, he'll realize that this isn't an endless supply of money, and will act accordingly. If he's smart about it, he will be able to build upon this windfall and make a nice life for himself in the years ahead.

20 posted on 06/14/2012 1:21:43 PM PDT by GreenHornet
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