North Carolina Man To Pay Off Mortgage With Lottery Winnings
There’s a phrase that’s often used when it comes to lottery winnings. That phrase is “life changing money.” Look, there’s not question that if you win a Powerball or Mega Millions jackpot, that is the case. Overnight you’ve accumulated generational wealth. However, too often I (and I’m sure a lot of you) dismiss scratch-off ticket/other lotto wins of less than million dollars as, “Oh that’s great, but it’s not like his/her life will be any different.”
How much more wrong can you and I be? I hadn’t really considered my stupidity until I read out loud the story of Bryan Caves. The Willow Spring man recently won $120,000 in the North Carolina Education Lottery’s Cash 5. On November 16, he looked down at his ticket and realized he’d matched all 5 numbers. After taxes Caves took home $85,501. This is the part where I normally say, “Good for him. It’s not like he can quit his job or anything.”
Then I read where Caves stated his intention for the windfall. He says he’ll use the money for home repairs and to pay off his mortgage. Those last four words: pay off his mortgage. Say them out loud. Then imagine if being able to pay off YOUR mortgage would be life-changing? OF COURSE IT WOULD BE. The possibilities this opens up are endless. Think about being able to save that money each month. Think about being able to invest it? Think about being able to travel or perhaps look into a second home? 85 grand may not be enough to quit your job, but once that mortgage is paid, it can actually bring the magic word, retirement into sharp focus.
So congratulations to Bryan Caves on his life-changing Cash 5 win with The North Carolina Education Lottery.
Bryan Caves was just hoping to win a prize in the November Bonus Cash promo. To his surprise, Caves ended up with the whole Cash 5 jackpot. “I really just got it hoping to win one of the $500 prizes,” he said. Congratulations, Bryan! https://t.co/8ZNaXC6hm0 pic.twitter.com/TjZw2v1Fi6— NC Education Lottery (@nclottery) November 29, 2023
North Carolina Is One Of The Luckiest States For The Lottery