What would a homeless man do with $100,000?
Can anyone say the word “Idiot”? http://onaxos.blogspot.com/ Master of the pop-culture universe, Oprah, had my attention. On her show was Ted Rodrigue, a homeless man who was given $100,000 by documentary film makers in a little social experiment. Ted was selected after undergoing thorough medical evaluations, psych-exams, and drug tests to make sure he wouldn’t just blow the money away on a year’s supply of booze or dope. Ted was also given several counselors throughout the experiment, some for homeless advocacy and some for financial planning purposes. How did Ted spend the money? Basically, he blew it at the rate of about $10,000 a week. He bought friends cars, he gave money away to relatives, he bought gifts for several new “girlfriends,” and even bought himself a new $35,000 Dodge Ram. When meeting with the financial planner Ted stated firmly that he has no intentions of working and wishes to not plan ahead as he is only concerned with today. How is Ted doing today? Sadly Ted is n
