he can do whatever he wants. its his money.

I agree. Mom is obviously helping him while he is 21 and attending college. Pay off loans, buy mom and himself a new house. Cars depreciate time you drive them off the lot. What a waste of money. I wish I could win and do right by the lottery. I guess I need to play more.

Great! Now they're outsourcing our lottery winners.

But seriously, congrats to him anyway.

You can't win if you don't play !!!!!

A guy I know just reciently hit a 1 million dollar scratch ticket in the N.J. lottery, he just recieved his check the other day and it was a total of 570,000 after taxes! OUCH!! Hope this guy knows its not 1 million, sounds like 90% of 570. is already spent!! maybe a Honda wouldn`t be a bad idea after all.

the new great american dream hitting the lottery!

This young man needs to acquaint himself with American taxation. Just because he won a million doesn't mean he will get the entire amount... Uncle Sam is always holding out his hand for more.

However, I do enjoy seeing students get help with their loans, whether it be by lottery winnings or something else. My congratulations to this future cardiologist.

i mean, he could buy a used one.. i guess depending on make, it's not that expensive

While I agree that he can do whatever he wants with the money, the suggestion about buying his mom a car reminds me of my mother, and my first new car.

I bought a brand new, fairly expensive, car when I was in the Air Force. Only 9 month later, I got stationed in Okinawa, and you can't bring a car with you, so I let my mother borrow it since she her car was in bad shape. I was gone for 18 months, but when I got back, I did not have the heart to take the car, which I was still paying for, back. I gave her the car.

She was so proud that her son gave her a car. She died less than two years later. It was the best money I have ever spent.

A mercedes? Ya, I know it his money but come on.......Just because you have it, doesnt mean you need to spend it.......A million bucks doesnt last as long as most people think it will!

What a great story, Kevin. Kudos to you, man.

EatDirt is right. I know it's his money and he can spend it as he wishes, but man that $1M will go fast if he's not careful. The Mercedes will depreciate considerably the minute he drives it off the dealer's lot - it instantly becomes a used car. In another 10 years, it will have scrapes and dings and mechanical problems (if he still has it), and will be worth a fraction of its retail price. I do, however, admire this guy's ambition to go to medical school and pay for it from his winnings... a much better investment of his winnings.

Ah, the ignorant bliss of youth! Sometimes I wish I could go back in time and drop some financial advice on myself back when I was in my late teens and early twenties in college... not that I had any real money I could've invested, but had I been a bit more savvy back then and maybe bought some stock in Apple or a good mutual fund, I would be a wealthier guy today in my early 40's.

Give the fellow a break. He will probably take care of the family. At least he did not sneak in to get

advantage of our country. Just his way of thinking seems to indicate that he is thinking properly.

Good for him! He can spend it on ice cream cones for all I care. It's his money, and he can save it or spend it as he see fit. I'm glad he's using it to further his education. That'll probably be the best investment he can make.

Now on other hand, if we went to India.

The only lottery we would win is the: you need a tetnis shot lottery.

Only in America! Way to go lucky dude!

Kevin,

That was so sweet. Your mother brought you up right.

.

Good for him, sounds like he has his head on straight - paying off the student loans first gives him peace of mind. How many students come out of school, especially med school, without huge loans hanging over their heads? If he really wants a Mercedes, get a used one - or a new hybrid for his mom. I'm sure she's told him about taxes.

More examples of stupidity! It was $1 million not $300 million! I'm sure he will be the head of class, but it sad that the class he wants to be head of is the class of $1 million stupid winners. He will be broke in 2 months if not 2 weeks and his mother will still be driving her broken down old car.

RM FIelds--- you're right. That money isn't going to last long at all. Suddenly, he will also find a circle of newly found friends he never thought he had. They'll help him spend it while driving around in that new Mercedes. When I was at University of Michigan, we bicycled everywhere. Some of the greatest times of my life.

35% federal and 5% state tax leaves him with $600,000 take home money. Pay off the school and cash for the car, he'll still have a good chunk of change and if invested well, he will be ok. He just has to learn to say NO when everyone comes to him asking for cash.

The fact that he plans to use the money to finish his school to be a doctor makes me think that he's more grounded than most. Even if he splurges and still gets 75% of the way to a PhD, with no debt he's coming out WAAAY ahead.

A small Mercedes can be as cheap as $35k, doubt he'll go hog wild. But he should get his momma one too! She'd probably just say no, and not to waste his money. Best wishes on the cardiology pursuit, he'll be making $600k a year (at least) for his working life, with that field.

@annie-322924; GO BLUE!!!!!!!!!!!

When I was at University of Michigan, we bicycled everywhere. Some of the greatest times of my life. Annie-322924

When I went to the Uof Washington we took the bus. Seriously, he seems very intelligent to know what to do with his money. Hopefully he will buy his mom & himself a new car.

Mudderfly - Go Huskies!

f hill

the new great american dream hitting the lottery My dream too

George... Unless you're of Native American descent, we are are all immigrants here, 'pilgrim.'

So... how's that "E Pluribus Unum" thing working out for you? And... YOU DON'T HAVE TO SHOUT! We umm... get your "message."

"Patriotism is your conviction that this country is superior to all others because you were born in it. George Bernard Shaw

"Whenever you hear a man speak of his love for his country, it is a sign that he expects to be paid for it." H.L. Menken

Oh please, if you've never been a poor kid in a rich town you won't understand the significance, pride, and feeling of independence you feel from buying a brand new Mercedes by yourself. It's a modest $45,000 and it makes me happier than any of my other material possessions.

Women may not understand this, but as a guy in your 20's, image is everything.

After 200+ years you're still using that BS line? Give it up already, you sound like the Dems blaming everything on Dubya! Sheesh!

The laws for immigration were not setup by the native Americans.

@ STarbuck. MAybe it would have been better for the native Americans if they had stricter immigration laws. Close minded bigotry is masked under the guise of blatherers like you.

CC GWRider

Still blaming things falling on gravity! Sheesh! Just because you say stuff like that, doesn't mean the blame isn't warranted...but plenty of blame to go around for stuff. Got to focus on moving forward.

Oh and no Dems were blaming Bush on this board until you brought it up. Don't you have a "War on Christmas" to defend against?

Anyways...good for the kid. Hope it helps him become a doctor. Usually only the rich can afford the time and money to become doctors.

Like someone said before though, if I was going to buy a nice car, I would probably buy something other than a Mercedes. Ugly cars.

Best of luck to him!

Carl-3754200

That is EXACTLY what I mean, the immigrants that came here and took the land from the native Americans setup their own laws to let more come in. We wouldn't be here if they were not allowed to immigrate in the first place.

Effing unbelievable!!! Come on, people!!! Does absolutely everything have to revert to the old "Damn those immigrants" crap??? It's to the point that if the Earth was hit by a giant asteroid, it would be blamed on immigrants, too. Get a grip, you bunch of racist bigots. And wake up, we are here to stay, like it or not. Deal with it.

Jay

I'm all for immigration, 99% of the people here ARE immigrants, I'm just responding to the ones that say because he is from India, he should not be allowed to buy a ticket. The people that say that are ALSO immigrants too, and I point that out to them. As far as me being a racist, I'm half Russian on my mothers side, but born and raised in NY and married a Japanese lady. If that is racist, call it what you want, I am far from that.

Starbuck, I was obviously not referring to you...

Sorry starbuck, i misunderstood what you meant.

I was thinking the same thing. Then I realized how many others in his situation would take the money, spend all (or very near all) of it on fun/frivolous things, and end up still in the same hole w/ their debt as before - if not even in even deeper.

Let's just hope he sticks w/ his plan and doesn't let any "friends"convince him to blow through the money recklessly. And I liked the suggestion someone else had that, since he was borrowing mom's car, he buys her the new vehicle.

So do all Democrats......BS! That is an ignorant comment!

Stupid comment but coming from a republican, what can one expect?

Just when it looked like there might actually be a conv. that didn't involve politics, along comes cs.

Everyone has that option to take out loans to pay for school. Defaulted gov't loans are garnished by the IRS after being refused to pay through a debt collection agency, so guess what? They get repaid despite what you say. The gov't gets its money back hand over fist. As for your child having cancer, it's a terrible event but it is something that can be used as a legitimate excuse to pay smaller payments or even have the loan itself discharged after a period of time after a certain amount is paid back... so your argument of there not being forgiveness is a load of BS because you're trying to line your argument against immigrants taking out student loans with a strawman fallacy that falls apart and doesn't support your hate.

Perhaps you and her should start playing the lottery. I hear that people win that, sometimes.

JPRhedd - I am sorry about your daughter's health, but that aside, your comment makes absolutely NO sense. Which money were THEY handing out to him? The lottery? - he paid for that ticket, and you could have too. OR did you mean the loans? The same loans as you daughter took out and is now paying back? He will also have to pay those back and he will have no forgiveness. His situation has absolutely NO relevance to what you are going through. Nobody handed him anything. He bought a lottery ticket and he won fair and square. And he will use that lottery money to pay for his education. I say that's a GOOD thing. Not sure how you made something sinister and conspiratorial out of that.

She's griping because he was able to get student loans. It doesn't say when he moved here, but since his mother lives here too it was probably when he was a child. He didn't just show up on a student visa and start taking out student loans. It also doesn't say whether he has government loans or private ones, but don't let that slow your hatred down any.

I don't see why it's so obvious that having finished chemo she can't work. I worked the entire time I was on chemo, only took off the few hours a week I had to be at the center.

Ever hear of deferment? They will allow you to suspend paying for a period of time in a hardship situation.

can we all just...get alone...

@Enough-2735007 Not sure what kind of chemo you had but it was not the kind that ravaged your body and caused you to drop almost 35 pounds in three months. Each treatment lasted six to eight hours so how you spent a handful of hours at the center is a miracle.

I am not griping about his getting student loans. I am angry that the govt. refuses to slow down the penalties for being late. Deferments do little when the penalties continue to accrue.

I surely do not hate this boy. Good for him and his desire to buy a Mercedes. I am sick of those students who come here and take out loans and vanish into the US and never pay loans or apply for citizenship. This new generation of PC people are absolutely killing the soul of the US. Learning to read might help some of you.

35% federal and 5% state tax leaves him with $600,000 take home money.

the blame falls to ALL. NOT DEMS, NOT REFLUBICANS, but BOTH PARTIES. Its time to clean house in Congress. 1 Democrat, 1 Republican, 1 TERM unless we DECIDE TO RENew.

Well, Michelle Bachmann got reelected - I've kind of lost faith in the voters after that one. She is queen size nut.

bsmithcfr450. before you go belittling others, make sure you can "spell" and not use words like cuz, that show your mentality and your age.