Tag: Christopher Shaw
From the sudden wealth syndrome files I offer Powerball winner Christopher Shaw: Slabbed by too much of a good thing?
It is said a picture is worth a thousand words and I think that is the case today as I get a chance to indulge one of my intellectual passions in behavioral finance and its kissing cousin behavioral economics and introduce Missourian Chris Shaw to the Slabbed Nation. Chris, hit the last powerball jackpot catapulting him to the ranks of the hectomillionaires and the top 1% of this nations wealthy. Chris is truly blessed right? Probably not due to a phenomenon termed Sudden Wealth Syndrome but first lets start with the Sarah Wire’s AP report courtesy of Yahoo:
A Missouri man who won a $258 million Powerball jackpot and plans to use some of the money to pay bills and take his children to Disney World says he hasn’t decided yet if he’ll quit his job at the convenience store where he bought the winning ticket.
Chris Shaw — a 29-year-old tattooed father of three who was raised by his grandparents in rural southern Missouri — came forward Thursday as the winner of the 10th-largest Powerball jackpot ever. Shaw said he had just $28.96 in his bank account and recently bought a 1998 Ford Ranger from a friend who agreed to let him pay off the $1,000 price $100 at a time. Now, he said, he no longer has to worry about how he’ll pay his friend — or his utility bills.
“We didn’t come from money. For us it’s just going to be a huge relief to know I’m going to be able to pay my electric bill, my gas bill,” Shaw told the Associated Press. “It’s like a weight lifted. I had bills at home I didn’t know how they were going to be paid.”
Tag: Christopher Shaw From the sudden wealth syndrome files I offer Powerball winner Christopher Shaw: Slabbed by too much of a good thing? It is said a picture is worth a thousand words and I
State lottery officials confirm: Chris Shaw wins largest Powerball jackpot ever in Missouri
Andy Warhol famously said, “In the future everyone will be famous for 15 minutes.”
In the case of Chris Shaw of Marshall, make that Famous — and he’s exceeded Warhol’s prediction.
Shaw has had a full day of nationwide media attention after Missouri Lottery officials confirmed Thursday, April 22, that he held the winning ticket for a $258 million Powerball jackpot.
It is the largest jackpot ever in the Missouri Lottery’s 24-year history, according to a Missouri Lottery news release.
Shaw, 29, said he hardly ever buys Lottery tickets, but he decided to buy a couple after he completed his shift at Break Time, 1000 W. College St. in Marshall, around 7 p.m. April 21, according to Lottery officials.
“I thought somebody is going to win; there are too many people buying tickets,” said Shaw, who has been a cashier at the Break Time for the past month.
He previously worked as a semi-truck driver, but decided to take a pay cut to “come home and be with family.”
After work, Shaw purchased a soda, cigarettes and $5 worth of Powerball plays using Quick Pick. The very last combination on his ticket — 11, 34, 41, 49, 55 and Powerball 20 — was the winner.
Shaw said a friend sent him a text Thursday morning, saying that the winning ticket was bought at the Break Time where he bought his ticket.
So he retrieved his ticket from his wallet, checked it on the Lottery’s Web site and discovered he held the winner.
“Holy smokes!” he recalled. “I’ve got it! I won!”
Next, Shaw headed to Break Time to check his ticket. When he arrived, he saw his boss outside putting up a sign announcing the store sold the winning ticket.
“I was like, ‘I need to check my ticket,’ and she was like, ‘Well, you know, take it inside.’
And I was like, ‘This is the one! I am pretty sure that I won the Powerball. I just need to know the numbers,'” Shaw said. “She was like, ‘What? Are you kidding me?'”
Shaw says he is a “day-by-day type of person,” so his thoughts about what he will do with the money are simple.
“I’ll take care of debts,” he said. “I need to get all of that squared away first.”
Shaw said he had just $28.96 in his bank account and recently bought a 1998 Ford Ranger from a friend who agreed to let him pay off the $1,000 price $100 at a time, according to an Associated Press report.
Now, he said, he no longer has to worry about how he’ll pay his friend — or his utility bills.
Shaw mentioned that in his previous job as a truck driver, he was able to travel to most states, but not Florida. He said he may now take himself, his friend, Tosha Ewry, and her two boys to Walt Disney World® in Florida.
He also plans to buy a new pick-up truck and maybe a “hot rod.”
“I’ve never had a new car,” he explained.
Shaw added that he likes to fish, and he recalled telling Ewry on the way to Jefferson City that, “I feel a boat comin’ on.”
In addition to Shaw’s win, Break Time will receive a bonus check for $50,000 for selling the winning Powerball ticket.
Shaw holds the 26th Powerball jackpot ticket sold in Missouri, and he is the 297th Missouri Lottery-made millionaire overall.
Contact Eric Crump at [email protected]
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goodness. well that is certanily a blessing. dont spend it all in one place. haha jk. dont be gredy remember all who have helped ever in your life.
Congrats to Chris. He seems like a regular guy. I hope he can handle all the sharks and that his lottery tale has a happy ending.
This may be the duh! question of the day. Is he going to keep working at Breaktime?
Congratulations to you, Chris! Seems as this couldn’t have happened to a more down to earth person!
Congratulations to Chris Shaw!! I suggest you view the documentary film on HULU.COM called “Abel Raises Cain” and discover how one big lottery winner in New York City saved her mundane life by winning a big lottery. Cheers, Dr. Bruce Spencer
Congratualtions Christopher on this life changing event. A word of advice in these days to come. Be wary of new friends and please do yourself a favor by seeking out a financial advisor. Now that your face is public around the nation it may behoove yourself to seek out a body guard. The world has a lot of deviouse people. Enjoy your new found fortune and best of wishes !
Buy yourself a ranch and enjoy everyday!!
Be sure to invest it! But look for the right person to help you. Remember this: invest with a person that already has done well with themselves. It’s always good to partner up with someone that has done well and has the best interest for you and your family! Remember it’s your money and you have the right to do with it as you please! If you need help with decisions, choosing the right person to invest. I will be happy to help! I’m a young person like yourself doing well in life! -holdfast
Congrats to Chris. However, with the recent rash of investigations of convenience clerks taking winning tickets from legitmate winners and keeping them for themselves, as reported on Dateline two months ago, I hope this has been verified by the Lottery commission. He sounds like a good guy.
Wonderful to see someone local, and obviously in need, win everyone’s dream! I hope he stays true to himself and uses the money wisely. That can shape the lives of his family for generations. And 1 ticket! Congrats to him and his family on their good fortune.
Congrats on the win. beyond congrats. If your wondering what to do with the money, move out of Marshall and give your kids a decent education. the kind money can buy. They will thank you for it later. And buy Marshall an elementary school so they will quit putting it on the ballot. $20 million is just pocket change now LOL.
Way to go Chris, you deserve it if anyone does! Go to a bank, and let an investor help you. Don’t listen to just anyone. When people know you got money They know you, unlike before. Keep YOUR money in a safe place, and don’t carry much money on you. From everything I have been reading, and from what I have seen on the news, there are going to be all kinds of people who know you now that didn’t know you before! Let them be, if you loan any money out Write up a contract and all people in involved sign it.
I cant believe that the city of Marshall had the nerve to be on channel 4 news last night hoping that Chris would help with getting a new school, gosh come on people! Wonder were these people were when he might of (if he ever even had thought about it) needed any assistance with something his child might of needed or wanted, Yes we all know there is SOME assistance, But I’m not even going there, this is about Chris and not about Marshall. Sure Marshall needs a new school, But this is Chris’s money do what he wants with it NOT the city of Marshall.. Enough said.
Best wishes to you Chris. I have a story you should remember. I had some inherited money that I let my family keep “safe” for me for several years. When I decided that I wanted to take care of it myself they would not turn it over to me. They disowned me & didn’t speak to me for five years, wouldn’t answer the phone or the door. It took a long time to get my funds and a very long time to restore the relationship. Nothing has ever been the same. People will come out of the woodwork to try to be your friend, trying to borrow from you, & to get you to invest & buy. Don’t do anything before studying about it and seeking good counsel from more than one source. There’s a lot of good advice in Bible about taking care of money and all kinds of very good books that can help you be smart. Be very careful of wolves in sheep’s clothing. Do what God wants you to do.
Keep your head on your shoulders, your feet on the ground, and speak with a trusted local investment counselor FIRST thing. Enjoy Disney World!
marshallmoresident, who was on channel 4 from the city?
Congrats to this guy. seems like a great story. A true rags to riches tale. I pray that he does not wnd up on dateline or 60 minutes in some expose’ about lottery winners who have lost it all in a matter of years. Remember there will be a lot of people wanting to a$$ist you with how to spend it.Choose carefully. Also, how did he lose those teeth? Everyone wants to know.
Our former Mayor, Latimer, now City Administrator, put out the suggestion for a school. The news even showed one of our elementary schools.
Absolutely right, the former Mayor and a showing of a school, good grief.. And more an likely the community dont even know Chris, Sad Sad Sad. All about MONEY. Why dont people just be lovely and happy for what they have?
Congrats to Chris and his family. I got a feeling they’ll do just fine. Just get as far away from here as possible and enjoy yourselves. I suspect you don’t owe Marshall a thing. good luck.
OMG. What difference does it make about his teeth? Jealousy, Jealousy, Jealousy! Let him be. And yes it was the former Mayor on T.V. Best bet for Chris, GET OUT OF THIS TOWN!
I want to say congratulations are in order, but also being from a small town and of “hard working means”, I got to thinking, “What would I do in his shoes?” (I hope he reads this):
Attorney and Accountant (CPA), they should charge by $200-300/hour and not as percentage, insist on it. Get somebody well recommended and always get two or three opinions, no one person (including yourself) should have access to the whole kit.
1. Not sure if you get it lump sum or in payments, but before you spend a penny, set aside $2 million in a trust you cannot touch (irrevocable) invested in CDs at banks you know, no more than $250k per bank. $2M w/ 2% return will net you $40k/yr, but you could expect as good as 6% with these sums, which would be $120k/yr. Use the interest as your “living account” (for the rest of your life): pay day-to-day bills and after bills pay around with (cars, etc), but don’t go crazy! (use different banks to maintain FDIC protection in case of bank failure)
2. As prev. comments mention, BE CAREFUL, everyone will be out to get their piece of YOUR pie. Personally I would change my name and relocate my family, you have the means to do so. Get an education on finances, so you will know when someone is blowing smoke you know where. Read Dave Ramsey, Bruce Williams, Money mag, etc.
Say you get half of the $258M = $129M – $2M reserve fund = $127M – $10M to by estate/relocate = $117M. $117M can be blown quicker than you could imagine (ask Lindsay Lohan and other Hollywood types).
Good luck, and do good with it to yourself, family, friends, and community. but do it on your terms, and do not let them become dependent on you for subsidence.
As someone quite familiar with financial advising and investing, I would highly recommend you hire a fee-only financial advisor who works on an hourly basis only! This person needs to have a fiduciary (legal) obligation to do what is in the best interest of you and your family. Stay away from insurance agents, stock brokers, or anyone else charging you a percent of assets for advice. A good fee-only advisor is not cheap but in the long run could save you millions of dollars in unnecessary expenses. Congratulations and all the best with your new found wealth.
I had the pleasure of meeting Mr. Shaw about a week and half ago, he was polite and well manored when I stopped in to get a coke, he asked if I would like to purchase a powerball, I declined, of course this was way before the big win #’s came to town! Like everyone else that is commenting. get a financial advisor, be leary of everyone (I personally would move)and live life to the fullest, you’ve been given a wonderful gift, Congrats and enjoy!
Tired of comments about his teeth. At $7.25 an hour, who could afford a dentist to fix them? I struggle at considerably more per hour than that. I think he has a $258 million smile!
And yes, it was shameful using THIS man’s good fortune to get the school agenda out on the news. I have a feeling that it will have the total opposite effect by revolting people, not drawing support. It did me!
I agree, enough about his teeth, tattoo’s, and how many mothers he has for his childern, he was working and trying to be with his family, give him some credit already.
I think pretty much everyone is saying the same thing, be smart with your money and MOVE OUT OF MARSHALL! For the benefit of your family of course.
Congratulations Chris! Take YOUR winnings and move! I am so glad you won this! You are a great guy with a great heart! Again, CONGRATULATIONS!!
Move? Dang. If I was Chris, I’d begin to wonder why everybody’s trying to get rid of me. Maybe he moved to Marshall because he likes it here!
Congratulations Chris! We are very happy to see a genuine hardworking family man get a break! My words of advise are to definately invest your money and live off the intrest that you earn and only touch the principal amount if you need to! Don’t buy into all these self absorbed people that will try and take advantage of you! I know that Smith-Barney is a good place to invest money my family has used them for years! Best wishes to you and your family!
Enjoy your life to the fullest!
Is anyone else tired of talking about how they would spend the money? Ugh.
I spoke just a bit ago with Connie Latimer. She offered some clarification about how her comments in response to the Powerball winner came about.
She said a reporter from the TV station called her and posed a question before Chris Shaw had been identified as the winner: “He asked me if we could have anything we wanted in the city, what did I think was needed most?”
She said “new schools” was the first thing to come to mind.
“There’s nothing that makes a city look more prosperous than new schools,” she said. “I explained how old they were. I didn’t say I expected the young man to give us anything. His winnings are his business.”
Hey, rather than move out of Marshall, buy Marshall! You could buy Mo Valley and rename it Shaw College or buy the school district and rename each building for each member of your family. Just kidding.
Congratualtions and enjoy your earnings. You invest most of it, spend some for fun and give to any charity or group you feel would help others. Someone earlier advised you to look to the Good Book. WWJD has always worked for me.
Finally someone in Marshall gets a bit of the goods. Congrats to you and yours. I hope that you get the best advice that you can and that you use your head well on the amount of money you’re recieving. There are so many people out there that will do unthinkable things to get to you and to take advantage of your new wealth. Put your hearts in the Lord and he will lead you on your way. Things happen for a reason and for unknown reasons yet you have been blessed by a great 1 in 1,000,000,000 blessing. I bet you never dreamed that you would be where you are or muchless be one to buy a new car without the hassle of where the funds are coming from. You have virtually endless possiblitys ahead of you. May God bless you in your happily crazy new life and I hope that you can maintain a respectable way of life. Someone greater than us all gave you this gift so who are we to tell you to move or to buy Marshall, or to pay for the schools, do what you have dreamed of and think bigger than you. May Gods great hand be on your shoulder to help guide you through your life. God Bless you Chris.
Aw, Pass It On. It’s fun to dream about what we’d do if we had that much money.
Me? I’d take care of debt, family and friends, investing for the future and then think about giving toward building a new school for the district, a new library, funding for the animal league and hopefully have some left over for Indian Foothills Park.
And I’d throw a big bbq for the entire town! Soon as the new courthouse was finished. All the people we could crowd around the square with about 50 grills going at the same time. Wouldn’t that be fun!
I just wanna shake your hand, cause you are a very lucky man, as I was several months ago. My luck was not monetary, but with my life. Congrats to you !!
Wanting Mr Shaw is pay for new schools is an inapproiated comment for the City Administrator to make. She should grateful for the coverage the city received. The money is Mr shaw’s do with as he sees fit. The people have voted several times and each time they said no to new schools. The City is separted for the school. Why have she not brought new industry to town to generate more tax revenue for the school? Why don’t the city adminstrator pay for new schools out of her own money.
Don’t mean to be rude, but since I live in Georgia, and very easily and quickly found this story by web surfing, the editor of your paper probably should have realized that people all over the country will be reading The Marshall Democrat News due to this story, and maybe should not have posted the exact address “Break Time, 1000 W. College St. in Marshall” where Chris Shaw works. The story also names Chris’s girlfriend, and states she has 2 children, all of whom he cares so much about that he took a pay cut to stay closer to home with. Mr Editor, I can just imagine now that out of millions of people reading your story, at least one thief, kidnapper, extortionist is packing up for a road trip as I write. Please keep this young mans safety in mind.
Nothing wrong with dreaming, Glad he was the one who won, I believe Chris will make the decision he wants to make, what ever he decides to do, it is his choice and business ,I do feel that,the news clip that was on tv should of never been on there, it did what it did, Make the city look bad. ugh.
make the city look bad.
Ok he has $29.00 dollars in the bank so he spends five dollars of that on powerball tickets and cigs. Next he can’t pay his bills yet he has the internet at home and a cell phone. Sounds like this guy is the smartest money manager I have ever seen. I hope this guy gets his stuff together so he is not flat busted in five years.
Congrats to Mr. Shaw. regardless what others might think or say, I am proud that the winner was a hard working individual from Marshall, MO. And I’d rather see a man with no teeth win it over a rich, snobby guy with a whole brand new set of teeth. And shame on the mayor for already asking for a handout! Would she build a new school if she won the money? Mr. Shaw. SAFETY FIRST for you and your family and we wish you the best 🙂 From one hardworker to another!
Why does there have to be so much putting this guy down? The bottom line, he won! Some are acting like he has committed a crime, or stole the ticket from someone. It’s the lottery, Ya know, like a game, someone is gonna win. That is a chance each and every one of us takes, Did he buy the ticket and smokes before or after he had only $29.00 in his account? What difference does it make? Just because he said that was all the money he had, it shouldn’t matter to anyone else. So he has a smoking habit, big deal, everyone has a habit, He won and yay for him.
Xrick – We appreciate your concern for Shaw, but publishing the address of where he worked won’t make a lot of difference one way or the other. As you approach Marshall from the south, it’s one of the first things you see.
Something compelled Mr. Shaw to buy that ticket. I feel that God has a plan for this man and his family– Chris would not have bought that ticket if God had not wanted him too– Chris you are very blessed with this– do good.
It gives me goose bumps thinking about how Chris’ life was touched by Karma. He had to be a very good person for Karma to give such a wonderful gift to him and his family. “What goes around comes around.” My mother had played religiously ever since the power ball started for years with big plans on what she would do with the money. She mostly planned to help the whole family and then help others in need. She passed away last year due to cancer on Dec 13th and took her dreams with her. Chris, this is a life changing amount of money. Please be careful with it. Money is power in our country, use it wisely.
Hi another big jackpot winner.. It was suppose to be me.. really.. but congrats anyways .. I love it when people who could use it win it.. if you never need any help spending let me know. I would like to get a surgery done that isnt covered by insurance.. thats why I say its was suppose to be me because there are soo many overweight people stuggling and doors keep closing for help and im scared. my dream is to win the lottery and help all those people whose lives would be cut short because insurances are allowed to say they won’t pay for anything due to morbid obesity ..
Send your thoughts and emails. http://www.chrisshaw.com, also choose what to buy?
Re: Chris Shaw – I find it odd that the rumor says he was arrested on the way to California when he stated that he was planning a trip to DisneyWorld in Florida when he was interviewed. I also agree with Eric that surely ONE media outlet would have picked this up by now and I can’t find any through extensive googling! Just my $.02!
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State lottery officials confirm: Chris Shaw wins largest Powerball jackpot ever in Missouri Andy Warhol famously said, “In the future everyone will be famous for 15 minutes.” In the case of