“What’s with all you people predicting horrible things for this lucky guy? I’m happy for him and wish him well. I also hope he donates a huge amount of money to his favorite charities. That’s what I’d do and so would almost everyone I know.”
We are basing our statements on the history of lottery winners and how quickly they and their money are soon separated. Very few handled their new wealth wisely, and about 90% of those who won such a sum, were either dead, broke, or both within a few years of claiming their funds. Books and numerous articles have been written on the subject and make an interesting read. You just shake your head at some of the financial decisions they made without even consulting a financial planner.
True that. I’ve already looked up good financial planners here.
I would love to win, keep a few mil for myself and my daughter and her extended family. Then give the rest to worthy charities. Just think of all the good you could do in the world with that pile of bucks. Yes, this guy’s house is over the top. I’d buy a house very close to the senior apartment I live in so I’d stay connected to friends. $500k to a mil would do it, plus a limo and chauffeur because my eyesight is shot.
Building housing for homeless people in my city would be good. Need to get them off the streets for their sake and ours.
I’ve already traveled all over the world, so that traveling doesn’t interest me.