A Homeless Man Blows $100,000 of Free Money As Seen on Oprah

A Homeless Man is Given $100,000 by a Film Director and Blows it All Foolishly

Psychic
On a recent Oprah Winfrey show that aired on Friday December 1, 2006, a homeless guest on the show was given $100,000 by a film director. The film director gave him this money as a test to see how he would spend the money. The homeless man did not know that he was going to receive the money when he first got the $100,000. He was only told that he would be filmed as a documentary as to how a homeless man spends his days. It was about the day and life of a homeless person.

The man first found the briefcase with $100,000 in a garbage bin when he was looking for soda cans. This is how he made his money. The man was clearly broke and when he found the briefcase with the money in it, he could not believe it. He actually cried in shock. I was amazed to find out what the homeless man did with the money next.

The man first got himself an apartment and then he bought himself a $32,000 truck. He then bought his friends cars by taking them to a car dealership and having them purchase the car that they wanted. He kept on buying more more stuff and then he gave the money away. Was this a smart thing to do?

Shockingly the film maker also gave him the opportunity to use a financial advisor and counselor for free. The homeless man did not take him up on his offer. He instead spent all of the money on whatever he felt like spending his money on. Surprisingly the homeless man lost everything and he stated that he is back on the streets and homeless again. The sad truth here is that sometimes when you give money to someone, you hope that they would do the best with it. However, we can see clearly here from this example that it is not always true. Have you ever given something to someone and asked yourself if you should have maybe let them work for it instead? When you work for something, you tend to value it more because you knew what it took to make that kind of cash.

The homeless man also stated that when he received the $100,000 he also received a lot of friends. He even got married. Once he lost all of his money, the homeless man claimed that his wife did not want him anymore. Does money bring more friends and influence your power? According to this story, it does. You can make friends easily when you have money to spend on them. Many millionaires will tell you that they can have many friends with their money.

It is safe to say that from this example, money is best when it is earned by yourself and not given to you by another person. Especially not in a lump sum. I encourage you to give this year, but to use wisdom when giving as well. If you are wanting to read about money or power, the best book to get on this topic is, "Is Life Worth It? Sex, Money and Power from a Psychics Point of View by Stephen Piperno.

Published by Psychic

Psychic Expert is a professional writer. He has written many articles on psychic and paranormal activity.   View profile

  • IMDb Resource
  • Instead of using the money for good things, the man just blew it.
  • Giving can bless you if you do it properly.
  • Giving someone money that obviously needs it, may not be the best thing for them.
Instead of the homeless man setting himself up for a new future, he instead blew all of his money foolishly.

108 Comments

Post a Comment
  • Melissa 9/23/2011

    Not everyone would spend that much money foolishly. If we had $100,000, we would buy a motorhome to live in and buy food and other things we need for long term survival. We have been homeless for three years now. Its a daily struggle. We live in our pickup truck. We cant afford a cell phone. I am at the library now looking for sources to help. When you fill out a job application and you get stumped because it asks for something we dont have... An address. WE WANT TO WORK. We have clesn records and we just cant get out of the rut. Most shelters only take couples with children. We dont have any. My husbands daughter is 27. I have never met her and he hasnt seen her in 4 years. Yet nobody will help us. Do you know how depressing each day gets????? VERY VERY. God, what I wouldnt give to NOT have to struggle so much. Im not looking for the good life.... just a life

  • ( A TO Z ) JUST HOW STUPID CAN THE HUMAN RAC 4/19/2011

    Opinions !!! I'm sure you have heard the saying, they are just like A_ _ holes, EVERYONE HAS ONE !
    What we Humans do, has made me laugh,cry,scared,sick,and so damn mad...

    I have spent all my life with ADHD, and most of that with severe back pain.. I am a 54 year old man, In school, ADHD was called some very different names! Just to name a few, LAZY,STUPID,IGNORANT,OR JUST DOESN"T CARE!! and those were from my teachers!
    At the age of fifteen i injured my back,The doctors couldn't see anything on the X ray, So i must be depressed...
    I Spent more time unable to work than at work, In 1999 thanks to an uninsured driver, I will never be able to work forty hours a week again...
    I would rather be DEAD as to ask anyone for a handout! I have sent a message to Oprah and several other well known celebs, to just look at these projects,and if interested help with getting a couple inventions patented and on the market, for a percentage of the company...
    In 1999 i

  • Mark Paradis 4/10/2011

    It strikes me insane not to have EVER found as much as 10 BUCKS !! -- I would be all set with $52,455.26 (which is what THEY say I owe...) LOL

  • Mark Paradis 4/10/2011

    STUPID YOU !! -- Give me 100K and I will pay you back a MILLION in 6 months... all I need are more bums like THAT !!

  • Michael 1/30/2011

    Well he did some sensible things with it like get a home and transport... He was generous to his friends... Read what some lotto winners did with much larger amounts of money... He could have done worst...

  • Bob 12/2/2010

    I see the other comments saying essentially, "what do you expect? You can't just give people with nothing money . . .they don't know how to deal with it." Can I ask then why our Government taxes those of us who DO know what to do with it and GIVES it to those who don't just so that they can sit at home (while I work) and BLOW it on crap they don't need? Society can learn a valuable lesson from this. You must teach people how to contribute to society and earn their keep not sponge off of it. After all, "give a man a fish, he will eat for a day. Teach him how to fish, he will eat for a lifetime." Wow, the Bible is full of useful knowledge.

  • Jason 11/16/2010

    Its ridiculous and ignorant to criticize this person. Yes most people could use $100,000! But a man struggling on the streets clearly does not have the stability necessary to make adequate everyday decisions, otherwise he wouldn't be there! You can't have these expectations...especially without improving this persons psychosocial functioning.

  • L. R. Laverde-Hansen 10/20/2010

    Wow-this piece was an eye opener. I think the earning of the money is a good principle, but people need more financial education. It really is a discipline
    and skill that takes time to acquire.

  • KV 10/5/2010

    You can't just GIVE someone money and expect them to know how to use it. Just like everything else money has to be taught how to use properly in order to take the full advantage of it.

    Why can't we teach this in schools? If we taught children from young ages how to be progressive with money it would make them better adults and better prepared.

  • MARY JANE DELGADO PONCE 9/28/2010

    FAMILYS UNDER GODS ROOF IS A NON-PROFIT ORGANIZATION. OUR PROGRAM HELP HOMELESS FAMILYS IN NEED.. WE TRY TO GET GRANTS TO BUILD HOMES FOR THE HOMELESS FAMILYS ON THE NORTH SHORE SIDE..

Displaying Comments
Next »

To comment, please sign in to your Yahoo! account, or sign up for a new account.