Posted on 10/23/2018 3:53:15 PM PDT by Diana in Wisconsin
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While these big paydays have spawned numerous rags-to-riches stories over the years, they have also spelled disaster for some. Not only do most winners have to deal with people coming out of the woodwork looking for a handout, but there's also bankruptcy, murder, robbery, drug abuse and legal troubles in many cases. In fact, according to the Certified Financial Planner Board of Standards, nearly one-third of all lottery winners go bankrupt.
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If you're lucky enough to score the winning combo, you could be taking home an estimated lump-sum payout of $904.4 million.
While these big paydays have spawned numerous rags-to-riches stories over the years, they have also spelled disaster for some. Not only do most winners have to deal with people coming out of the woodwork looking for a handout, but there's also bankruptcy, murder, robbery, drug abuse and legal troubles in many cases. In fact, according to the Certified Financial Planner Board of Standards, nearly one-third of all lottery winners go bankrupt.
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9. Hire a therapist.
Along with your team of professionals helping you manage your money, you should also consider having a therapist to help you manage all the emotions that come with winning the lottery. "A therapist should probably be your second call after telling your closest family members," said Sandberg. "People who do have a huge windfall can't anticipate all of the emotions they'll feel. It's quite a massive pill to swallow. It's not as joyful as people expect. Expect that you're emotions will run all over the place. It could be terror, lack of deserving, the pressure that your friends, family and strangers might put you under. Find someone who can help you manage the emotional response."
(Excerpt) Read more at msn.com ...
I won't forget any of you (well, maybe a few...) after the drawing, tonight and of COURSE some of my winnings will got straight to Jim Robinson and Free Republic!
Best of Luck to ALL FReepers playing! :)
Before telling family members, hire some body guards to keep family members away.
First thing I would do is invest it with that Nigerian general’s son who contacted me on the internet.
Make a donation to FR!
I’m not telling ANYONE if we win.
Beau says if we have the Winning Ticket, first thing? He’ll buy me a nicer set of luggage to use while I move to my PRIVATE ISLAND!
Good advice. I do not even know if I would tell my spouse, I would be afraid he would leave. Certainly would hang onto the ticket as long possible. How in the world does one find those professionals that can be trusted?
I said that in my very first post! :)
Those diamond studded teeth things.
Priority one.
My friend, who also bought a ticket, said, ‘Meh. Some DOUCHE in Jersey or PA is going to win it all and will be broke and dead within the year.’
It could happen. A LOT of Lottery Winners make very poor choices AND a lot of them end up with short lifespans, LOL!
With $1.6 billion it's more of a question of who to do.
But, of course! :)
(I’m gonna need a bigger gun safe, for starters, LOL!)
That’s why I buy two tickets, one each for me and the missus. I expect that the winning ticket will be mine.
I disagree with the couselor bit, because the more people you tell, the more likely that the secret will get out.
Just take long vacation and do nothing while you absorb your good fortune. That’s what I recommend.
Tell you what...if you win, or I win, we’ll dump those losers and go on a Thelma & Louise Tour - but with a MUCH Happier Ending! ;)
I’m going to Vegas! I’d play roulette until I doubled my money! Whoo-Hoo!!!!
Another freeper posted about the guy that won the $100 million dollar lottery awhile ago, and told his wife to pack.
“Should I pack for the mountains or the beach?”
“I don’t care. Just pack up and get out of here!”
LOL!
“If you gonna BE impotent, you gots to LOOK impotent!” ;)
‘Give it to the Gimmedats’
I don’t think I would tell my family at all.
We’d just quietly pay off our bills and have a new house built. Certainly nothing extreme or extravagant.
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