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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.

1 posted on 01/26/2014 10:17:02 AM PST by Innovative
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To: Innovative

Ever examined the socio-economic demographics of most people who “invest” in lottery tickets? The explanation lies therein.


2 posted on 01/26/2014 10:19:59 AM PST by James C. Bennett (An Australian.)
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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.)
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To: Innovative
Seems to us like the old saying, “Money won’t make you happy”, should be changed to, “Winning the lotto won’t make you happy”.

Or "Mo' Money, Mo' Problems."

4 posted on 01/26/2014 10:22:02 AM PST by dfwgator
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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!)
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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!)
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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
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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.)
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To: Innovative

“Money won’t 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?)
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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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To: Innovative

21 posted on 01/26/2014 10:41:57 AM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Innovative

The lottery is often referred to as a tax on the foolish. While this is not 100% true, it is true enough to be a saying. Why would we expect a good result when people who already make bad decisions are now able to make bad decisions with a whole bunch of zeros tacked on?


22 posted on 01/26/2014 10:44:40 AM PST by RightOnTheBorder
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To: Innovative

If you are irresponsible with your money before you win the lottery, you will be irresponsible after you win.

Anyone playing the lottery frequently could be judge as being irresponsible with their money. So it is not a surprise so many “winners” end up worse then they were before they won.


23 posted on 01/26/2014 10:44:54 AM PST by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)
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To: Innovative

One does not have to tell anyone, the government will do it for you complete with pictures (except two states).


24 posted on 01/26/2014 10:45:02 AM PST by School of Rational Thought
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To: Innovative

If you don’t know how to handle money before you get a windfall, you won’t know how to handle it after you get a windfall, either.


28 posted on 01/26/2014 10:55:52 AM PST by E. Pluribus Unum (The only way women can "have it all" is if men aren't allowed to have anything.)
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To: Innovative

#4 on the list gave hers to Democrats

what a blithering idiot


31 posted on 01/26/2014 11:00:40 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Innovative

On the other hand, Hollywood Henderson blew through earned wealth, and seems to have made well on his second chance after winning the lottery.


32 posted on 01/26/2014 11:00:52 AM PST by Dr. Sivana ("We are not sluts."--Sandra Fluke)
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To: Innovative

I’m pretty sure if I came into a lot of money I’d spend half of it on booze and broads. Then I’d just blow the rest.


34 posted on 01/26/2014 11:02:58 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Innovative

Winning the lottery doesn’t change who you are, it magnifies it.


36 posted on 01/26/2014 11:06:50 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Innovative
If people want to spend their money on Lotto tickets, or scratch-offs, well... it's their money.

I'd like to know the percentage of those who squander their winnings to those who win and quietly move on with their lives. Is it high or low? I ask because there are very few stories on those who won and successfully transitioned from where they were to millionaires. I wonder why?......

38 posted on 01/26/2014 11:13:23 AM PST by jeffc (The U.S. media are our enemy)
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To: Innovative

I just wanna have a chance to be so cursed!
After winning I would wear every good luck charmed imagined.


39 posted on 01/26/2014 11:22:36 AM PST by minnesota_bound
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