Homeless man given 100k

@samijo719 (1054)
United States
October 14, 2008 1:27pm CST
About 2 years ago I saw a documentary on a homeless man who was given 100k to see what he would do with it, he was kind of an experiment. And this man took the money got an apartment and a truck and was just blowing it all! About 6 months later I saw him on Oprah and he was homeless again. I was baffled at the fact you can be given a chance to start over and an amount of money most people would dream of to better their lives and you just don't use it all to your advantage. What do you think of this? Would 100k change you life(even though you aren't homeless)? Would you blow it all or save some and use it to last you and make your life a little less stressful moneywise? http://en.wikipedia.ord/wiki/ted_rodrigue
9 people like this
28 responses
@Mare73 (1335)
• United States
15 Oct 08
I can see how he would end up homeless again. He has no money management skills and had no guidance. If I were to receive $100k, that would most definitely change my life and in a huge way!!!
2 people like this
@samijo719 (1054)
• United States
15 Oct 08
I think they should have made him seek guidance too. They told him to but he was convinced the advisor just wanted his money! Happy mylotting.
@relundad (2311)
• United States
15 Oct 08
I've seen this type story many times, as a matter of fact if look at most lottery winners, most reality show reciepients,celebrities etc., usually within a couple of years they are broke, but this doesn't surprise me at all. You see no matter the amount of money that you have or are given it doesn't change who you are. If you have no financial sense or enough sense to get some and you win a million dollars you are the same financial dummy! Its not really about how much you have, but what you choose to do with it. Not to mention that even if one decided to do nothing but live as a normal person 100k will only last a few years. 100k is only alot of money by US standards if you are almost at the poverty level really. Many of us make that as individuals and households yet are a paycheck or two away from being homeless. If given a 100k, it would be a nice, but I really don't think that it would make a major difference in my life as is. If I were homeless I think it would definitely make a difference for a couple of years at most.
2 people like this
@samijo719 (1054)
• United States
15 Oct 08
It is true it wont set you for life. Plus I think that when people win this kind of money they should seek some kind of financial advisory because most people dont know how to manage that much money! Thanks for responding!
1 person likes this
@ms1323 (259)
• United States
14 Oct 08
I certainly blow a very small portion of it by taking my family on a "once in a lifetime" vacation, whatever that would mean at the time! Not so long ago I would have said I would invest the rest, now I think I would prepay many of the regular monthly bills for a year and just hoard the rest of it for a while and see how things go. I think it is rediculous to give a homeless person or anyone that has never had access to that amount of liquid money and not also give them some tools in how to properly utilize it. I've heard of similar things happening to lottery winners.
2 people like this
@samijo719 (1054)
• United States
14 Oct 08
I would definatly "Splure" a little on a nce trip or a gift or something for family but nothin gmajor. I agree about not giving them the proper tools. For someone who has on a good day he said "$35" from recycling you can't expect him to know how to manage 100,000!
2 people like this
@cgobble (171)
• United States
14 Oct 08
Wow, that is crazy. I don't want to sound negative or anything, but we're just going to have to chalk that up as irresponsibility on his part. Seriously. Although I am not homeless, 100K would make all the difference to me and my family. We're just your average run-of-the-mill family, and make a decent living (we have a roof over our heads and food to eat, lol). I guess in my mind it boils down to financial management. I'm so tired of being broke due to having to pay the bills, I would definately use that money to make my life a little less stressful. Great post samijo719! Thanks.
@samijo719 (1054)
• United States
14 Oct 08
I know, I find it insane that someone that has essentially NOTHING wouldn't have managed more. I am the same average family I have the nessecities but lots of stress due to money, i would love ot be able to pay off bills and make life easier. Thanks for responding!
3 people like this
@belk89 (1103)
• Philippines
15 Oct 08
If i am homeless and was given 100k i will definitely make use of the money wisely by saving some of it and then find a job that will help me pay bills and buy food. In that way i can still live a better life without the need to rely on the money that i save on the bank. Finding a descent place to stay and dont just rush buying anything unnecessary while i am still starting.
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
Exactly I would do the same. I wouldnt go spluge really. Maybe a vacation or something but just save it to live comfy for awhile while still working. Happy mylotting!
@insulin (2480)
• Philippines
15 Oct 08
Well If someone will give me 100k then First thing I will do is make a little business and my dream business is to have my own little band rehearsal studio and a tutorial lesson for kids..:-0 I'm sure it will change my life and make my life more colorful..:-0 GOd bless and have a nice day..;-0
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
That would be awesome to start your own business with it! Happy mylotting!
• United States
15 Oct 08
wow thats amazing i think he could of used that money for something more productive i mean 100k i think a job income dosent even pay that much i dont want to start an argument of what he should of buyed but the truck maybe not just yet he could use the bus or he could go to school and get a good job i could say a lot of stuff but i think we all know what i mean
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
I agree. My biggest thing when he bought the truck is I could understand him buying a vehicle to get to and from a job but did he really need to spend $35000 on a BRAND new one? Thats a huge chuck of the money I would have spent a few thousand and got someting reliable but WAY cheaper. Thanks for responding!
1 person likes this
@Amberina (1541)
• United States
15 Oct 08
I would secure my living exspenses and then pay up my car insurance and set a lot of it aside for my future bills then I would help my mom with some of her exspenses. But I would save save save so that I wouldn't have to woryy about money for awhile.
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
That would be my plan as well. Thanks for responding!
• United States
15 Oct 08
id use 15 grand on "fun stuff" the rest i would use to go to college and start my own video game buisiness
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
Thanks for responding! Happy mylotting!
• United States
15 Oct 08
All of that money would be nice. I'm not homeless or anything but all of that money would really come in handy. I'd use it to get an apartment and then use it to buy things for that apartment. I'd then use the money to pay off some debt and then put some in the bank. I'd make sure to use the other money for when it's needed but I would get a job. I know that in today's society all of that money wouldn't get me very far. Sure it's nice to have and it's nice to treat yourself to things every once in awhile, but there is no way I could use all that money and not expect it to run out in the end and not try and make sure I'd have a job so I'd still have money coming in.
1 person likes this
@samijo719 (1054)
• United States
15 Oct 08
Exactly, I would do the same thing. Having a debt free life would be a dream come true! lol Thanks for the response!
14 Oct 08
100k would make my life so much easier. i think i would probably blow 50,000 on a really really really long holiday across the planet. The other 50,000 would get saved up for starting a company when i got home. or i might just use it to supplement my income for five years or something. please someone give me 100k
1 person likes this
@samijo719 (1054)
• United States
14 Oct 08
Nice ideas! Thanks for responding!
@dookie03 (578)
• United States
14 Oct 08
I think i would definately change my life for the better. I mean seriously he could actually shave, shower, and look decent again and get a job. Even if it was at some sleezy warehouse it would still keep him a float. That's horrible because if i was given a $100,00 grand i would probably pay off all debt do some improvements to the house and save a little and would still keep my job. You'd just be a little better off that's all. Some people don't realize that it doesn't last forever.
1 person likes this
@samijo719 (1054)
• United States
14 Oct 08
You are definatly right about people not ralizing it doesn't last forever. This man thought that was enough money to last him a lifetime and refused to get a job! It was sad in a way. I too woul dpay off all my debt and continue you working and then I'd have that extra money for anything that happend emergency wise or just for security! Thanks for responding!
1 person likes this
@MissGia (955)
• United States
15 Oct 08
WOW, simply amazing. You would think that being homeless is enjoyably and that if given the chance someone would turn their life around. I'm sure there were thousands of homeless people who would have killed for that opprotunity..and this idiot just blows it and is now..homeless. If i was given 100,000 dollars i would totally use it for good. I would pay off all my debts (which arent much..but being unemployed its hard to pay them off) i would pay for all of my college tuition and then i would buy a nice house with a yard so the doggies could play in it. I think that type of experiment would have worked better if whoever gave him the 100,000 dollars took more control over what he spent the money on. I've always told myself that if i won the lottery i would do good with it. One thing i would like to do if i ever win is help homeless people to get off the streets and live clean lives. I wouldn't just hand them money. I would literally go survey homeless people and find out who REALLY wants to turn their life around. I would just be there to help them along the way. Find them a home, get them cleaned up and help them to find a job. Leave them with a little bit of money after they have been working for a while and then just keep up to date with them from that point on.
@samijo719 (1054)
• United States
15 Oct 08
I agree that they should have controlled it but they were saying in an interview i saw that their whole concept was to see if he would actually use it to turn his life around or not and if they tol dhim what to do it wouldn't be his own choices...even though it would have probably benefit him more that way! Happy mylotting!
• Lubbock, Texas
15 Oct 08
Well, I'm not homeless, but since retirement the only reason is that my home is paid for. My outgo definitely exceed my income even though I try to be very frugal. If I had that much money given to me I think I'd definitely fix up my house, pay off my bills, take an extended "vacation" to visit my kids and brother who live far away and then settle back in to my boring routine. I'd probably splurge a little here and there, but I don't think I'd blow it. I think the problem with people who are given this much money view it as a lifetime of luxury because they really don't have a clear concept of the cost of living.
@samijo719 (1054)
• United States
15 Oct 08
Yeah, I agree. Especially nowadays even the essentials aren't cheap! You have to be careful even just day to day spending. Thanks for responding!
@Munchkin547 (2778)
15 Oct 08
Wow, what a shame he wasted it all and ended it back where he started. I suppose that when something like that happens it would be easy to get carried away and blow a lot of the money on things we don't really need. I would like to think that i would be a bit more frugal if i was in this situation and make the money last, use it to get myself sorted with somewhere to live and then get a job so i could sustain myself. 100k sounds like a lot of money it would be easy to think it would last forever but i'm sure he found out for himself that if it's not used wisely moeny can run out really quick! xxx
@samijo719 (1054)
• United States
15 Oct 08
I agree that its a shame he had a chance to turn his life around and didnt. Happy mylotting.
@metschica25 (5405)
• United States
15 Oct 08
Hello You think he would learn the value of a dollar and try to get on teh right path . but then i think having a taste of money can make you so happy , and that you just get spend happy , and before you know you have nothing all over again . It is sad if you ask me tho . If i was giving that kind of money and be blessed with the help I for sure would be wiser with my choices . I know i would have a smart good support system with my finace . First would be first pay off some small loans and debt and make repairs with the house . I think it would be live changing for me bc i may go back to school or start a family . start a family bc all the extra money saved would help . ugg to be that lucky and mess up . still the thought money is everything , root to all evil . one taste can be a killer . i think it would go 50 /50 everyone . some would be foolish and others would enjoy and then save , and some would just use little and little . Peace out !
@samijo719 (1054)
• United States
15 Oct 08
It is very sad, I agree! Thanks for responding!
@Opal26 (17686)
• United States
15 Oct 08
Hey samijo, I think I did hear something about this story. How sad to think they wasted this money on someone like this man. There are so many people who could use that kind of money and who would have done so much more with it rather than waste it the way he did. I know that I would pay off some bills, maybe purchase some necessary items but I would put the bulk of it away in case I needed it in the future. I am tired of being in need of money so I would definitely be sure to have money put away for emegency purposes. I know I have learned the hard way that this is something that is necessary to do. I've made too many mistakes with money that I have had and I wouldn't dare make the same mistakes again.
• United States
15 Oct 08
I know right! If I had been living on the streets you better believe I would be thinking of how I ended up this way and not make the same mistakes twice.
• United States
15 Oct 08
100k would most definitely change my life and I would be so frugal about how much money I would blow also..LOL.. I would probably buy a cheap fixer upper house and fix it up to my liking but have a budget on how much I would spend on fixing it up. I wouldn't be elaborate on it, but make it nicely practical for me and my family. I never seem to have enough space for all of my DIY,jewelry and craft projects and I would have space just for that ( finally)And if I had any money left over I would see about installing a wood burning stoves in almost each room ( for heat) and have have solar panels and maybe wind power installed onto my home (adorably as possible.)It's my dream in so many ways to be more self sufficient and I think 100k would really help me make some of these dreams come true.
@samijo719 (1054)
• United States
15 Oct 08
I would be way frugal also!! lol. Happy mylotting.
@fasttalker (2797)
• United States
15 Oct 08
This story sounds familiar to me. I was thinking he won the lottery or somethng.Oh well doesn't matter how he obtained it. It is amazing that a person would be so irresponsible with that kind of opportunity to change his whole future. I would do some investing and make some very positive changes in my life and help those around me. You hear people say that if they had some kind of windfall of money that it wouldn't change them but I think it would. I mean, it would have to. You would be living a different lifestyle than you are used to so therefore it would have to change you. But I think you can make it a positive change with some good old common sense. But look at the percentage of inmates that return to prison, maks you wonder if they are incapable of taking on another way of life after being immuned to a certain lifestyle doesn't it? I would like to try to adjust anyway! LOL
@samijo719 (1054)
• United States
15 Oct 08
Nope, they threw it in a dumpster for him to find when he was looking for cans. I agree that in some way in changes people no matter what they say. I would try not to let it. I would mostly just pay my bills and save it while still working my job because even that much money won't last long. Thanks for responding and happy mylotting.
@hablue (37)
• United States
16 Oct 08
I don't think 100k would necessary change my life, I would use the money to pay off bills first, give my parents a little bit, then the rest I would try to invest so that it could earn interest, etc.. and maybe use that to pay for my son's college education. Really, $100,000 is not very much by todays standards.