Not everyone can make a jackpot win last a lifetime!
Winning the jackpot on the lottery is answer to most peoples dreams. Debt and living on a tight budget disappears. Life is better and people are happier. But sometimes, common sense goes out the window, and some lottery winners do strange things like simply setting out on spending sprees and eventually end up back where they came from.
A Sudden Change is Hard
The sudden increase in wealth can be a problem for some people, especially those who are from lower middle class right down to those in poverty. Suddenly becoming an instant millionaire, and not seeking help from a bank, accountant, lawyer, or investment company, can lead to uncontrolled behaviour and loss of a better life.
For instance a former drug addict and felon won a $27 million jackpot while unemployed. Because of this good fortune, he was able to by a $1.6 million house, three race horses, a fiber optics company, a Lear Jet, a limo business, a $200,000 Lamborghini, and a multitude of other luxuries. He lost of all his money in just a few years and ended up living in a storage unit
One man won $15 million dollars and spent it all on parties cocaine, hookers, and cars. He was soon left without once cent of his jackpot win.
There was a woman who won the lottery jackpot twice in two years. However, due to a gambling addiction or whatever issue she had, she ended up gambling away both of her jackpots and ended up living in a trailer park.
And then there was a man who won the lottery and went on a buying spree. He bought several new cars for himself and friend. He bought a house that quickly turned into a nightly ‘party pad’ and often celebrated his new lifestyle with enormous amounts of drugs and alcohol. In fact he bought eight big-screen televisions for friends just in one day. He also invested in a logging business that failed because of low sales. With all his lottery jackpot eventually spent away, he was forced to take a job doing heavy lifting on a friend’s farm just to make ends meet.
Now winning the lottery is a very good thing and you should not think that everyone who wins end up flat broke because of overspending. Most lottery winners do contact banks or lawyers and get financial advice and help to not only put their money to good use in making them more money, but to ensure that you don’t go crazy and spend spend spend like you are a trillionaire.
Keep your head keep telling yourself that your lottery jackpot is to take you out of a lower lifestyle and get you into a more comfortable lifestyle where bills are always paid, your car will always be maintained and repaired, you always have a home, and you can do things in life like travel or dine at nice restaurants, rather than taking a walk around your dangerous neighbourhood or counting out pennies and change to see if you can afford a take-out meal with a discount coupon.
It’s a simple fact and proven act that if you don’t get financial help and advice with your lottery winnings, you just might end up on the poor side of being a lottery winner. Do not look at a lottery jackpot as a short-term “fun money” situation. Use your common sense and realize that your lottery win should be viewed as an opportunity for a life-long more comfortable life.