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Entries in Teen (2)

Wednesday
Jun132012

High School Senior Wins $1,000 a Week for Life Lottery

Ingram Publishing/Thinkstock(NEW YORK) -- Just days before his graduation, a very lucky high school senior got the surprise of a lifetime. He won a lottery prize that will give him $1,000 a week for the rest of his life. At just 18 years old, Robert Salo likely has a lot of $1,000 weeks to look forward to.

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But huge news like this needs time to settle in. Salo told ABC News he couldn’t sleep the first night he knew he was the winner.

“I was up all night. Walking the halls, I couldn’t eat, I couldn’t drink, I was just really excited.”

He’s remaining humble about the entire experience, though. Still keeping his day job, Salo was actually at work when ABC News tried to reach him. He only had a minute to chat with us.

A Brooklyn, N.Y. resident, Salo doesn’t often buy lottery tickets, but said he had a feeling about it this time.

“Something drew me to it,” he told the New York Lottery. “It was like I was in the right place at the right time.”

He bought the $2 scratch-off ticket May 14 at a convenience store in Coney Island.

The 18-year-old is the youngest person to win this lottery prize.  He could end up collecting as much as $3 million if he lives into his 80s.

The prize guarantees Salo a minimum payment of $1,000,000 over the next 20 years, and an annual check for $52,000 (net $32,398) a year for the rest of his life.

The high school senior says he’ll use the money to pay for college and help him pursue a career in electrical engineering. He does, however, have his eyes set on at least one new toy for himself.

“A BMW, of course, I gotta get around,” he laughed.  

The prize comes as a big relief for Salo’s mother, who told the New York Daily News she wasn’t sure how she would pay for her son’s college education.

“We were kind of worried about paying for college,” she told the Daily News. “I said if I had to work two jobs, I would do it, but he’s going to the school he wants.”

As any proud mother would, Salo says his mom was delighted to learn about his winnings.

“She was very happy for me, just in disbelief, she gave me a hug and a kiss right away.”

Copyright 2012 ABC News Radio

Monday
Mar122012

Florida 14-Year-Old Buys Distressed Home

Shannon Moore(PORT CHARLOTTE, Fla.) -- After Willow Tufano earned $6,000 from antiquing and selling items on Craigslist, the 14-year-old asked her mom if she could invest in half of a short sale in her home state of Florida.

Tufano earned the money from finding free items or deals online or at antique auctions and leftover furniture from foreclosed homes. She re-sells the items or gives them away on the “free” list on Craigslist.  She says she could not have thrived in that business without the support of her parents and grandparents, who drive her around to pick up items.

With her saved money, she didn’t want to buy or barter for another skateboard or Xbox.  Instead she set her sights on a three-bedroom short sale of $12,000 that reportedly was worth about $100,000 at the peak of the housing market.

“If there’s one thing I want people to know, it’s that your age does not matter,” Tufalo told ABC News. "If I can inspire another person my age, younger, that would mean the world. Whether it’s buying a house, buying a car, or whatever. If you really work for it and put your mind to it you can do what you want to do.”

Tufano’s mother, Shannon Moore, is a broker who owns several rental properties with her husband. When Tufano heard that her mother was considering purchasing the home, she asked her mom if she could buy half of it with the hope of buying the other half eventually. Florida requires a minimum age of 18 to own property.

“She’s always thinking, ‘How can I skin the cat differently?’” her mother said. Tufano helped her mom fix up the home in Port Charlotte, Fla., and even helped the new tenants find a free bed and mattress. Tufano is splitting the proceeds from the rental income with her mom and says she will use that to buy out her mom’s share.

Asked if she was considering a career in real estate, Tufano said she preferred investing. “I’m not so sure about real estate,” she said. “But investing is really cool. You get to see a property that was a mess before and afterward see that it’s beautiful. I suppose with real estate you can connect with people more, but I would probably prefer investing.”

Tufano, who is home-schooled, said her favorite subject is American history, but dislikes algebra because she is “really, really bad at math.”

Copyright 2012 ABC News Radio







ABC News Radio