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I have been using twitter for sharing deals with my family and friends for a while now. Random tweets about what I am doing and events our town, things like that.

I have created a new account @Debtslaying specifically for sharing all the deals, coupons, savings and great websites that I find with all of you. There are honestly too many finds to post here and on my other sites.

Deals that are either very time sensitive or I just can’t write 400-500 words about. Those work best in a 140 character tweet.

As you can see comments are closed on this blog but you will be able to contact me through @Debtslaying I don’t use any bots or auto posting programs everything comes from me and I respond to every DM.

If something I tweet about saves you money I would appreciate a re-tweet if possible. That is about it. I’m looking forward to interacting with everyone.

Oh and Debtslaying.com will be going under some minor changes as I’m looking for a new theme and logo. If you have any suggestions or ideas let me know @Debtslaying

1 Jun 2009

Follow Me on Twitter

Author: Steve | Filed under: Uncategorized

This is an interesting topic, here in Canada a group on 13 office workers have just won the second largest jackpot in Canadian history. That was enough to start up our own lottery pool again and with that came the discussion of lump sum lottery winnings. What are the options and is it really worth it to take the lump sum over the structured yearly payout.

I was surprised to learn that in the US some states don’t offer lump sum payouts on lottery winnings rather opting to go with a large one time payout. I guess it comes as no surprise that this opened the door for investment companies to come up with their own programs for capitalizing on lump sum lottery winnings and taking a chunk of the cash as profit.

With in our groups discussion we had a few questions about how the lump sum payouts actually work. I thought that I’d do a little research and find the answers myself. Below are the answers to our 5 questions about lump sum lottery winnings.

1. How much of the money do we get to keep, assuming a $1,000,000 winning?

Answer: I went online to get a quote from one of these investment companies and got a response back in 5 minutes, they really wanted my money. After a few questions they came back with the quote of roughly a 20% fee. That seems a bit high but I guess it is reasonable if they are forking out $800,000 cash. This is negotiable though as the lottery winners we are in control, there are many companies that what this kind of business.

2. Do we have to sell the whole amount all at once?

Answer: No, we can split up the lottery winnings payouts however we like. So we could sell 50% of the annual payments and still receive a large sum of the lottery winnings plus get monthly payments. The payment splits are really up to you and the investment people they seem to be pretty flexible.

3. What kind of fees hidden or otherwise are we going to have to pay?

Answer: Apparently none. The lender is responsible for dealing with the court fees and paperwork nothing else out of pocket for us. Sweet.

4. Can’t we just go to the bank and sell it to them?

Answer: Nope. They don’t do structured settlement payments. At least not at my bank, and my bank rep said most other banks won’t either as it is not a simple transaction. She also recommended that we get our own lawyer to go over the paperwork before signing anything. Smart lady, that’s why my money is with you :)

5. What lottery#’s are we going to play to win all this money?

Answer: Quick picks, keeping track of everyones personal picks is a pain and so many people use the same low numbers (birthdays, anniversaries etc…) that you end up with a ton of duplicate numbers. Save your birthdays for your own personal tickets and keep them out of the group numbers.

There you have if folks, the low down on lump sum lottery winnings. I seriously hope you have to reference this info once you win the lottery, just not on the same draw as me :)

26 May 2009

Lump Sum Lottery Winnings

Author: Steve | Filed under: Hot Topics, Uncategorized

Bissell has a great reputation for producing really good carpet cleaners at an affordable price. I personally own 2 Bissell products. A standard vacuum cleaner for daily use and a deep carpet cleaner that I use to get out the really tough stains. 2 Kids leave really tough stains.

This is a really great brand and they have so many models to choose from. If you are looking for a good Bissell Carpet Cleaner I recommend the proheat series. They heat up your tap water up to 25 degrees hotter and work really well. Amazon.com
usually have really good deals on them and all of their deep cleaners include free shipping.

18 Jan 2009

Bissell Carpet Cleaners

Author: admin | Filed under: Uncategorized