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The Lottery Curse: 10 Winners Who Lost Millions
The Richest ^
| Jan 24, 2014
| D'Marco Brown
Posted on 01/26/2014 10:17:02 AM PST by Innovative
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The list is quite interesting. Not that most of us will face that problem, but the moral of the story seems to be: don't tell ANYONE you won, don't start spending it, calm down and think about it. No matter how much money you win (or inherited or got any other way), it is easier than you think to blow it, if you aren't managing it carefully, and you'll actually could end up worse off.
Of course I am sure there are many sensible people who manage it well, but these ten people listed really destroyed their own lives -- the article statement "unlucky lottery winners" is inaccurate -- they weren't unlucky, they were naïve at best.
To: Innovative
Ever examined the socio-economic demographics of most people who “invest” in lottery tickets? The explanation lies therein.
To: Innovative
3
posted on
01/26/2014 10:21:15 AM PST
by
Ghost of SVR4
(So many are so hopelessly dependent on the government that they will fight to protect it.)
To: Innovative
Seems to us like the old saying, Money wont make you happy, should be changed to, Winning the lotto wont make you happy.Or "Mo' Money, Mo' Problems."
4
posted on
01/26/2014 10:22:02 AM PST
by
dfwgator
To: Innovative
I remember reading a long article about the decline and fall of a lottery winner from Florida. He was even featured on a TV show about lottery winners. He had purchased all sorts of statues and crap, including a bench with the Blues Brothers sitting on it.
He ended up in a rented storage unit strung out on drugs.
5
posted on
01/26/2014 10:23:45 AM PST
by
GeronL
(Vote for Conservatives not for Republicans!)
To: dfwgator
Well, I would gladly take the challenge.
6
posted on
01/26/2014 10:27:10 AM PST
by
Yorlik803
( Church/Caboose in 2016)
To: Innovative
I think the lottery claims the right to use you in commercials if you win, so it would be hard to hide your identity.
7
posted on
01/26/2014 10:27:50 AM PST
by
Still Thinking
(Freedom is NOT a loophole!)
To: Innovative
Interesting that very few Lottery winners chose to take their winnings in yearly payments.
8
posted on
01/26/2014 10:31:04 AM PST
by
Huskrrrr
To: Still Thinking
That’s true of almost all places, but there are a few who allow anonymity. Wouldn’t trust anything going on in those places. Why wouldn’t Dem polls just split up jackpots for shady campaigns?
9
posted on
01/26/2014 10:31:57 AM PST
by
jjotto
("Ya could look it up!")
To: Innovative
The first thing to do is contact a competent, trustworthy accountant.
10
posted on
01/26/2014 10:32:05 AM PST
by
Jeff Chandler
(Obamacare: You can't make an omelette without breaking a few eggs.)
To: Huskrrrr
Interesting observation.
I wonder if the money depends on the financial solvency of the state or are they “insured” by some financial organization like an annuity.
11
posted on
01/26/2014 10:33:29 AM PST
by
nascarnation
(I'm hiring Jack Palladino to investigate Baraq's golf scores.)
To: Jeff Chandler
The first thing to do is contact a competent, trustworthy accountant. And the Second, a damn good lawyer
To: Yorlik803
Well, I would gladly take the challenge.
I would too! The lottery site tells you how to approach a big win. Set up your new life before you cash the ticket.
13
posted on
01/26/2014 10:35:54 AM PST
by
jetson
To: Huskrrrr
I’d just take the lump sum and live off the interest.
14
posted on
01/26/2014 10:36:05 AM PST
by
dfwgator
To: nascarnation
I believe the winnings are funded for annual payment models by purchase of annuity instruments, with the ‘single payment cash’ value set at the same as the cost of the annuity.
15
posted on
01/26/2014 10:37:37 AM PST
by
PubliusMM
(RKBA; a matter of fact, not opinion. 01-20-2016; I pray we make it that long.)
To: dfwgator
I would take the lump sum and a ticket out of California.
16
posted on
01/26/2014 10:38:03 AM PST
by
Lurkina.n.Learnin
(This is not just stupid, we're talking Democrat stupid here.)
To: HangnJudge
The way to tell if I won the lottery is if you hear people saying,”Where is Jeff these days?”
17
posted on
01/26/2014 10:39:29 AM PST
by
Jeff Chandler
(Obamacare: You can't make an omelette without breaking a few eggs.)
To: Innovative
Money wont make you happy,
Yeah, but it’s nicer to be miserable in a Rolls Royce than in a Yugo.
18
posted on
01/26/2014 10:40:28 AM PST
by
Rides_A_Red_Horse
(Why do you need a fire extinguisher when you can call the fire department?)
To: Jeff Chandler
and lawyer (set up retirement trusts, keep the money grubbers away, etc)
To: Innovative
By being born, we hit a lottery with incredible odds.
By being born in a relatively free and prosperous society in these times, we hit with even higher odds.
For those of us who believe in eternal life with our Creator, well, the “prize” is something upon which no price can be placed.
I’d say that’s good enough for me.
20
posted on
01/26/2014 10:41:40 AM PST
by
Larry Lucido
(If you like your all your base, you can keep your all your base. - CATS)
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