Posted on 01/26/2014 10:17:02 AM PST by Innovative
Have you ever wondered why millions of Americans are secretly addicted to playing the lottery? Even if the chances of anyone actually winning are 1 in 175,223,510? Many of us know at least one person whose religiously dedicated to winning the almighty jackpoteven if theyre aware of the extremely slim odds.
Check out our list of the 10 most unlucky lottery winners whose millions tragically changed their lives forever. Seems to us like the old saying, Money wont make you happy, should be changed to, Winning the lotto wont make you happy.
(Excerpt) Read more at therichest.com ...
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?
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.
One does not have to tell anyone, the government will do it for you complete with pictures (except two states).
Disappear, go Galt, let No One know where you are.
Protect your family by removing yourself from their temptation
Notify ALL that any request for money will be met with disinheritance.
It may be possible to reestablishing relationships, but it will require a long time
One must assume the lottery or bank holding the funds will remain viable to take the monthly payments. One crook in charge or bad luck bank and you could get little to nothing.
I think this is the main reason people take the lump sum payment because it’s guaranteed money.
Good point. I never thought of that possibility. Even in the must-disclose states, though, they could just hire an actor to play the “winner” if they wanted to steal the jackpot.
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.
The lottery purchases an annuity from an outside financial institution.
Considering the direction the dollar is going, that’s quite understandable. How would you feel having won a billion German Marks, payable over 20 years, about a century ago? What would once have made you wealthy beyond compare wouldn’t buy a sandwich much less than 20 years later.
#4 on the list gave hers to Democrats
what a blithering idiot
On the other hand, Hollywood Henderson blew through earned wealth, and seems to have made well on his second chance after winning the lottery.
even those who do take yearly payments soon find themselves selling future payments to structured settlement companies for a lot less than cash value
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.
Winning the lottery doesn’t change who you are, it magnifies it.
bump
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?......
I just wanna have a chance to be so cursed!
After winning I would wear every good luck charmed imagined.
Your question intrigued me so I googled up the following link, which has 7 interesting success stories:
http://money.ca.msn.com/savings-debt/gallery/gallery.aspx?cp-documentid=23969513&page=1
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