Bitcoin Forum

Economy => Gambling discussion => Topic started by: Lorence.xD on November 04, 2020, 06:43:42 AM



Title: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 04, 2020, 06:43:42 AM
If you ever wonder at one time if you win the lottery or generally hit the big money, and planned what you would do with it after the fact. Then this is a list of what not to do, avoid and learn when you find that big pot at the end of the learn. This list is comprised of people that won big money but lost it in a mixture of deceit, tragedy and greed. Hopefully after scouring through the list, we can learn something.
  • 10. Amanda Clayton, 2011
    Winnings: $1 million
    ($1.03 million today)


    She was so frugal or cheapskate even because she still applied for food stamps which lead to her getting charged with fraud.
  • 9. Evelyn Adams, 1985 and 1986
    Winnings: $5.4 million
    ($11.6 million today)


    She won the lottery twice but she was reported to be living in a trailer. This is what happens when your no good relatives suck up to you when you won big money. Tip for future lottery winners, wear a mask so your distant and shitty relatives will not come flocking to you for money.
  • 8. Jay Sommers, 1988
    Winnings: $5.8 million
    ($11.4 million today)


    Cars is the least that you should think of when you hit the big money. This dude blew it on five cars, which means that he is owning five liabilities in his net worth.
  • 7. Sharon Tirabassi, 2004
    Winnings: $10 million, Canadian dollars
    ($11.75 million, Canadian today; $11.4 million U.S.)


    She did blew the fortune with luxuries but she was also practical in putting trust fund for her children.
  • 6. William “Bud” Post III, 1988
    Winnings: $16.2 million
    ($31 million today)


    Again another case of family members sucking up to your fortune. The problem came when he filed for bankruptcy; his brother attempted to kill him, landlady forced her to give her part of the wins, and an assault charge. He tried to pay the debts but it was a futile effort.
  • 5. Janite Lee, 1993
    Winnings: $18 million
    ($29 million today)


    Commendable expenditure of the fortune by donating. Others are just the same as others, luxurious house in a gated community and a political luncheon for Bill Clinton.
  • 4. Jeffrey Dampier, 1996
    Winnings: $20 million
    ($29.8 million today)


    Man got divorced after winning the lottery which means a lot of money for the ex-wife. His misery is like a movie when he moved to Tampa, Florida, an affair with his sister-in-law and ending up with him getting murdered by his mistress. The mistress was sentenced 3 life-terms.
  • 2 (tie). Abraham Shakespeare, 2006
    Winnings: $31 million
    ($36 million today)


    This one is a murder mystery novel type of tragedy, a woman was charged with first-degree murder after the fact that she agreed to manage the 1.8 million of the winnings. Man was found dead under a slab after missing for 4 years after giving the money to other people.
  • 2 (tie). Billy Bob Harrell Jr., 1997
    Winnings: $31 million
    ($45 million today)


    Another case of family and relatives you hate sucking up to your fortune. He was practical on what to spend his fortune on but again family loans started. I think when you get this kind of fortune, you also should get an iron balls to reject this leeching beggars.
  • 1. Andrew Jack Whittaker Jr., 2002
    Winnings: $314 million
    ($408 million today)


    This one takes the cake, “Christian” foundations receive 10% of the winning. He also started a foundation with 14 million. The clerk here is the luckiest winner in this whole story, all the clerk did was give the ticket to him and the clerk got a lot than she could imagine. The remaining money was spent on gambling, strippers, this man knows where to put his money haha. He was later sued for bounced checks and most of his money stolen through forged checks.

List source:https://www.thinkadvisor.com/2013/10/09/top-10-biggest-lottery-winning-losers/


Title: Re: TOP 10 Lottery Winner Losers
Post by: yazher on November 04, 2020, 07:03:42 AM
Sometimes things like this would happen not only to them but for us as well if we don't use our mind well and get carried away easily. You know what, I may say this is a good thing in some other way because if we reflect well from what they have done, obviously we won't gonna do what they did. In that case, we could learn from their mistakes and proceed with our own plan by skipping the thing they are fallen to. Man, we are talking millions of dollars here but they just lose it like it didn't get wet in their hands.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Genemind on November 04, 2020, 07:25:56 AM
This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.


Title: Re: TOP 10 Lottery Winner Losers
Post by: safari88 on November 04, 2020, 07:47:33 AM
we can't blame them blame them for me if i'm going to win such amount my first thing i'll buy is a lambo but this post made me realize that the money can be easily go away if you don't use properly i think i should do some rethinking and invest it to somewhere where it can be a profitable in the future.


Title: Re: TOP 10 Lottery Winner Losers
Post by: molsewid on November 04, 2020, 08:04:28 AM
I will choose not to win the lottery if the same problem above will happen to me someday. You already feel you're too lucky, and then after how many months or years living the rich life, you're going back to your normal life plus big tons of loans. These Top 10 winner losers stories should be a lesson to the future lotto winners.


Title: Re: TOP 10 Lottery Winner Losers
Post by: pakhitheboss on November 04, 2020, 08:27:16 AM
These top 10 winners show how tough is to maintain free money. The all became rich but after sometime again became rag. When you suddenly become rich you basically panic and destroy whatever you had earned. Being lucky sometimes can be a curse too. After reading this topic I would like to remain as I am now.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 04, 2020, 08:33:26 AM
This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.
There is an actual term for this called Sudden Wealth Syndrome and yes it is pretty debilitating if you do not know what to do with all this money. There are a lot of documented cases about this spanning from lottery winners to investors around the world. Your story just proves that greed can take you a long way and make you do things even if the consequences outweigh the reward at hand. As long as humans do not learn of contentment, greed will forever be present.


Title: Re: TOP 10 Lottery Winner Losers
Post by: john_nautica on November 04, 2020, 09:12:03 AM
If you are trying to luck for a long time in lottery you will get used to losing but when you won such amount you would really do anything you like with the huge money like that I think there's nothing wrong to enjoy it but we should always have a plan just in case we won.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Ucy on November 04, 2020, 09:20:22 AM
Well, this is part of the reasons why anonymity/privacy is important. I'd  prefer to bet/rewarded privately... If I win i wouldn't need to appear publicly to claim my prize.  I never really fancied the idea of making the names of the winners public. I think it's abit important though... The physical evidence/presence could convince lots people. I guess they could make the public rewards or showing the winners publicly optional (if it's not already)...


Nothing really bad in giving lots of people part of the prize. I would make sure that those who benefit from my gifts use them properly and "bear fruits". There could be signed agreements with them, like this: "if you do well with this money/gift within this space of time, I won't collect it back but if you don't, I will".
By the way, I wish more people win from the hugh prize money rather than a single person. And I will make sure more money randomly goes to people with good reputation/records.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Beparanf on November 04, 2020, 09:26:01 AM
It's not clear for me why some on the list become loser while they are just being misfortune on there life like being murdered or being charge for false accusation. The word "Unfortunate" is more appropriate than losers because they didn't waste there money when they are alive.

This kind of story is always happening to a person that hit jackpots. Only few manage to secure there wealth because most of the winners don't know how to manage that's way they are betting on lottery game to get an instant wealth. It


Title: Re: TOP 10 Lottery Winner Losers
Post by: acroman08 on November 04, 2020, 10:02:29 AM
what a tragedy. some(maybe all) of these people probably thought they have finally got out of the hard life but then ending up getting killed or sued or being used by someone.
sometimes it is hard to argue with the logic of "money is the root of all evil"

It's not clear for me why some on the list become loser while they are just being misfortune on there life like being murdered or being charge for false accusation. The word "Unfortunate" is more appropriate than losers because they didn't waste there money when they are alive.
-snip
I thought so too. some of this is just tragedy and out of the winner's control.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Wexnident on November 04, 2020, 10:34:09 AM
When the god of luck was about to bless you with the lucky ticket, but you tripped and ripped it apart. Unlucky for most of them, those that donated are actually not losers imo, they just don't need that money, or they don't really have anything else better to spend it on. The others on the other hand though, especially the one with the cars. Buying cars with what you basically won through luck instead of investing to make it grow more is pretty stupid, especially since cars, when used, only needs one single moment for it to be completely ruined.

Well, this is part of the reasons why anonymity/privacy is important. I'd  prefer to bet/rewarded privately... If I win i wouldn't need to appear publicly to claim my prize.  I never really fancied the idea of making the names of the winners public. I think it's abit important though... The physical evidence/presence could convince lots people. I guess they could make the public rewards or showing the winners publicly optional (if it's not already)...
Well, most cases of what happened were a result of the family knowing them winning though tbf. Though tbh, I'd also hide it, not only from the public eye but literally everyone else. I'd invest it slowly and would only reveal it when I have a way to earn a stable income that would make me live quite comfortably.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Gotumoot on November 04, 2020, 10:37:01 AM
It doesn't matter how big your winning is or how much money you have if you couldn't manage it for sure you would just lose it all.
Things you should consider when you have money is so important and you should always remember who was with you when you have nothing and who shows their true face.
Not everyone would support, cherish or even respect you when you lost your money everyone would love you and respect you when you have everything but not everyone would stay that way when you lose it.


Title: Re: TOP 10 Lottery Winner Losers
Post by: jademaxsuy on November 04, 2020, 10:43:59 AM
This one takes the cake, “Christian” foundations receive 10% of the winning. He also started a foundation with 14 million. The clerk here is the luckiest winner in this whole story, all the clerk did was give the ticket to him and the clerk got a lot than he could imagine. The remaining money was spent on gambling, strippers, this man knows where to put his money haha. He was later sued for bounced checks and most of his money stolen through forged checks.
What in the world with that man. 10% of winning given to that guy is a good chance build a life not only just a house and lot but also investment like businesses that one do like. There is a big flow of money there but well that is his life and it did happen already so hopefully he did regret it. Anyway, I was just amaze by the list OP had shared about the winnings of some people had made. Relatively they got a good winnings and they are very lucky. Well, it seems only few are really lucky in the lottery and they are the few in the list.


Title: Re: TOP 10 Lottery Winner Losers
Post by: shoreno on November 04, 2020, 10:51:05 AM
It doesn't matter how big your winning is or how much money you have if you couldn't manage it for sure you would just lose it all.


we can see that people on the list spend thier winnings on material things or physical things that they think can make them happy but whats wrong with that?

you still have your material things with you when you dont have money left in your purse and you can still sell those to have a cash again but those that are spent in strippers , clubbings , drugs and other bad stuffs those are not a good influence even if they say that this still give them happinnes . once you spend them on here you cant see your money again


Title: Re: TOP 10 Lottery Winner Losers
Post by: robelneo on November 04, 2020, 11:19:32 AM
The one thing that can ruin and build your fortune is your GREED in accumulating things that you desire and all you want in life, when you hit the jackpot, suddenly you have the means to fulfill all the desires that haunt you over the years.

It will spell disaster if you don't know how to moderate it, how to handle it properly and you are not a morally sound person, I have seen and we have records like this, where they hit the jackpot and suddenly back to zero after a few years because they cannot handle themselves properly and let the greed take over them.


Title: Re: TOP 10 Lottery Winner Losers
Post by: bitcoin31 on November 04, 2020, 11:29:16 AM
It's hard to win to the lottery and those people who are winning money they are lucky because they wina lot of money but sad to say that not all them are wasting their money or not use in he right thing. My dream is to win also that money even small amount m very thankful for that and I will use it for the right thing.


Title: Re: TOP 10 Lottery Winner Losers
Post by: swogerino on November 04, 2020, 12:26:40 PM
It is very sad to see the majority of these persons ending real bad because of their relatives.There is a lot to learn here and the first lesson I can see here is to put 60% of the money in your bank account and the rest to not be spent of gambling or luxury devices.I feel the most sorry for the guy who had an affair with his sister in law and he was murdered,murder is never justified not matter what were the reasons behind it.


Title: Re: TOP 10 Lottery Winner Losers
Post by: perla on November 04, 2020, 12:41:02 PM
If I'm going to win a jackpot I wouldn't tell anyone about it maybe just my very close family member since if the whole family knew about it I'm pretty sure they will all come to you begging for money. Well it's not bad to give but if you know that it might affect your winnings or might think you were abused by some begging I think you should stop and start to plan what you should do with the money.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Debonaire217 on November 04, 2020, 01:04:17 PM
It's quite sad that the last winner won a very huge amount of money but his winnings are taken away buy forged checks which state that banks aren't that good at verifying withdrawal. Despite of that, I like the way that he still donated 14M of his winning to a charity which proves that gambling can bring good things and to dispute the misconception that gambling is about wasting money. I can say, it depends on how we handle our bets and how we decide where to put our money in.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Mahanton on November 04, 2020, 05:45:11 PM
we can't blame them blame them for me if i'm going to win such amount my first thing i'll buy is a lambo but this post made me realize that the money can be easily go away if you don't use properly i think i should do some rethinking and invest it to somewhere where it can be a profitable in the future.
Majority of people would really have that kind of mindset that they should make out some investment once they do hit up the lottery but when you are on the actual situation
then i doubt if someone will still able to remember on what they had said about that.For that time for sure you would have thought that on why would make out investment
if you do already have lots and those came from lottery winning and you will surely be buying all of those wants that you do want to buy before so that will really be you primary
step or things to do before on considering investment steps but there are still some winners who do really manage up their money well and still able to retain their financial
status out of those winnings which its a must thing to be done.


Title: Re: TOP 10 Lottery Winner Losers
Post by: carter34 on November 04, 2020, 05:55:24 PM
we can't blame them blame them for me if i'm going to win such amount my first thing i'll buy is a lambo but this post made me realize that the money can be easily go away if you don't use properly i think i should do some rethinking and invest it to somewhere where it can be a profitable in the future.

The gambling money comes as quicker as it goes. An example is when you win today and when playing the next day, you are losing and keep playing instead of having a break. Money that comes in gambling is better invested, many that have lost are regretting not investing when they were winning.


Title: Re: TOP 10 Lottery Winner Losers
Post by: iv4n on November 04, 2020, 06:44:56 PM
Amazing stories about people who got rich fast and didn't know what to do with that money! This topic reminded me on the story I heard years ago, +10 years ago... So a man won tens millions of dollars, in years to come his wife left him for a younger man, one kid died in a car accident, another kid got addicted to heavy drugs... he ended up alone and broke! I don't know is this a real story, or not, I heard it long time ago in some friends talk!
From this people need to learn something, winning big can be dangerous as losing big! You need to know how to handle your loses in gambling, but you need to know how the handle the wins too, it's the same coin with two sides!


Title: Re: TOP 10 Lottery Winner Losers
Post by: dunfida on November 04, 2020, 06:48:47 PM
When you won some jackpot, then these things will most likely to happen.

-Your house will be flocked by your relatives, friends and other that had known you.
-Buy lambo and mansion
-Vacation
-Gambling
-Spending like theres no tomorrow.

I agree that majority will really forgot on how to preserve those and make it on a good use.
They will just cry later on if they have nothing left with those winnings.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Heisenberg_Hunter on November 04, 2020, 07:13:18 PM
This topic reminds me of 2017 shitposters from forum who received a few hundred thousand dollars through various bounties and lost them altogether. While many have left the forum to live a wealthy life, some people have lost the money due to the 2018 dump. I would say none should become wealthy easily as it would prevent their mind to think more productively. For instance in the case of lottery win, some would have been uneducated population who had the luck and got their lottery win. In this case, they wouldn't be knowing much about the money they are having and how powerful investments could be. This is the reasons, lottery winners would be losing their lottery winnings sooner than ever by spending unnecessarily in various shitty ways.

Whereas in another scenario, wealth which was acquired by starting up a business or from other ways can last longer and can help the person to become more wealthy over the period. Entrepreneurs know the real value of wealth and would be investing their profits wisely rather than buying expensive cars or gadgets, roaming all over the world and ruining their money etc. You should probably keep a low profile if you tend to win lotteries to prevent outsiders from having an eye on you and we should be repeatedly investing on our business like how Elon did when he sold PayPal.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Findingnemo on November 04, 2020, 07:26:02 PM
Easy money go away easily from our hands because people who earned money without working for it will not realize its worth that is why most of the people spent in a wrong way and end up losing everything.We can't change anything what is supposed to happen but at least if you win something like this in your life then don't throw all your simply for no real cause, just make something out of it.


Title: Re: TOP 10 Lottery Winner Losers
Post by: ecnalubma on November 04, 2020, 07:51:00 PM
Big money comes also with big responsibility. Before you bet in a lottery make sure you know what to do with the money when you hit the jackpot, some people say that lottery money is cursed but I don’t believe that because it depends on how that lucky person take care of that life changing situation.


Title: Re: TOP 10 Lottery Winner Losers
Post by: stomachgrowls on November 04, 2020, 10:39:32 PM
This topic reminds me of 2017 shitposters from forum who received a few hundred thousand dollars through various bounties and lost them altogether. While many have left the forum to live a wealthy life, some people have lost the money due to the 2018 dump. I would say none should become wealthy easily as it would prevent their mind to think more productively. For instance in the case of lottery win, some would have been uneducated population who had the luck and got their lottery win. In this case, they wouldn't be knowing much about the money they are having and how powerful investments could be. This is the reasons, lottery winners would be losing their lottery winnings sooner than ever by spending unnecessarily in various shitty ways.

Whereas in another scenario, wealth which was acquired by starting up a business or from other ways can last longer and can help the person to become more wealthy over the period. Entrepreneurs know the real value of wealth and would be investing their profits wisely rather than buying expensive cars or gadgets, roaming all over the world and ruining their money etc. You should probably keep a low profile if you tend to win lotteries to prevent outsiders from having an eye on you and we should be repeatedly investing on our business like how Elon did when he sold PayPal.

Each of us does have that different mindset and the level of knowledge towards investment.Some wont really care at all since the money that they had won is just came from gambling which would be the primary mindset that they would had which means they would spend it all as soon as they can without having thoughts on how to spend it correctly so that it would last out.

There's once here on my country where a lottery winner do able to spend up his winnings into that outrageous manner where he buy those, that and go there everywhere and in 1 year time then he had go back
into his old poor self yet he havent make any investment plus having no savings at all.

Imagine that he had lived out on a 2 space condo unit together with his family and its relatives? They spent too much on gambling plus buying gadgets and stuff but all of those is just
only good for 1 year and poof. Go back to those bad old days.  ;D


Title: Re: TOP 10 Lottery Winner Losers
Post by: ice098 on November 04, 2020, 11:27:03 PM
It is very sad to see the majority of these persons ending real bad because of their relatives.There is a lot to learn here and the first lesson I can see here is to put 60% of the money in your bank account and the rest to not be spent of gambling or luxury devices.I feel the most sorry for the guy who had an affair with his sister in law and he was murdered,murder is never justified not matter what were the reasons behind it.
The sudden wealth that come from an instant way were fast to loss too. Be an instant winner of million dollar prizes in a lottery were definitely can be called as jackpot. And yes one of the main problem of the lucky winners were the thought of where they were going to spend these huge money they got and one thing and never get out on the list are the sucking relatives that if you were refused to gave them again what they are wanted they will cursed you. So personally i didn't want to get such those huge instant money, instead i will choose to work hard for it.


Title: Re: TOP 10 Lottery Winner Losers
Post by: goinmerry on November 05, 2020, 01:12:46 AM
We don't have to give lessons to those people who won big but didn't able to use the money on something useful. That's out of our limitation.

It's not that's their money, it's not they can do anything they want, but if they are able to use it on their desire then it's not our problem anymore if they are broken today. For sure, they learned the lesson instead of not able to wake up while having a big money.

They will not change into a responsible person now if they didn't experience regrets in the past.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 05, 2020, 01:13:07 AM
what a tragedy. some(maybe all) of these people probably thought they have finally got out of the hard life but then ending up getting killed or sued or being used by someone.
sometimes it is hard to argue with the logic of "money is the root of all evil"

It's not clear for me why some on the list become loser while they are just being misfortune on there life like being murdered or being charge for false accusation. The word "Unfortunate" is more appropriate than losers because they didn't waste there money when they are alive.
-snip
I thought so too. some of this is just tragedy and out of the winner's control.
I did not make the list. Maybe if I have the time someday, I will do a more in depth searching regarding this lottery winners that blew all their money within their control. That was my thought too when I saw the list for the first time, I think it is appropriate word for them because it contradicts the word winner.


Title: Re: TOP 10 Lottery Winner Losers
Post by: peter0425 on November 05, 2020, 02:42:03 AM
I have a neighbor that has same faith with these winners,Back in 2006 when they won a local lottery in which valuing about 400k dollars now(in which Huge Money in my country) .

What the family Did is bought a luxurious House and cars,Live in very High End style of living.

After 4 years they end up going back to where they started and now?stays here again n our place with really burden living.

Opportunity only knock once same as Luck so better live a better or else this will gone.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 05, 2020, 06:02:44 AM
I have a neighbor that has same faith with these winners,Back in 2006 when they won a local lottery in which valuing about 400k dollars now(in which Huge Money in my country) .

What the family Did is bought a luxurious House and cars,Live in very High End style of living.

After 4 years they end up going back to where they started and now?stays here again n our place with really burden living.

Opportunity only knock once same as Luck so better live a better or else this will gone.
This is not uncommon occurence with lottery winners, in fact there is a book that documents the life of the people after winning the lottery. There is a research that also shows that most interviewed lottery winners felt miserable after their win. I feel bad for them but most of the time, their actions are kind of their fault too.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Heisenberg_Hunter on November 05, 2020, 08:24:47 AM
...snip...
The same happened with bounty hunting shitposters of this forum. 2017 had been a fortune making lottery win for almost everyone who participated in these bounties. But it didn't last long and they came back again to spam this forum. We have seen old trustworthy accounts from our forum begging for a few dollars during the pandemic and I speculate they could have end up spending all their bitcoin like immediate millionaires back in 2011-2012. Earning money is a lot more difficult than spending and the lucky lottery winners would never understand this.

While Elon sold PayPal he never had the money to pay for his house rent since he ended up investing $180 million almost half in Tesla and half in SpaceX. Both these companies had great return of investment for him and made SpaceX the market leader for producing private spacecrafts and supplying to NASA. This is how people who have self-earned their money and respect would be spending on and not like the uneducated morons buying lambo and showing off in public as being fake rich.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Ucy on November 05, 2020, 08:42:52 AM
I have a neighbor that has same faith with these winners,Back in 2006 when they won a local lottery in which valuing about 400k dollars now(in which Huge Money in my country) .

What the family Did is bought a luxurious House and cars,Live in very High End style of living.

After 4 years they end up going back to where they started and now?stays here again n our place with really burden living.

Opportunity only knock once same as Luck so better live a better or else this will gone.
This is not uncommon occurence with lottery winners, in fact there is a book that documents the life of the people after winning the lottery. There is a research that also shows that most interviewed lottery winners felt miserable after their win. I feel bad for them but most of the time, their actions are kind of their fault too.

The Lottery businesses should also do their best to teach/suggest to such winners how best to use their money. If possible, suggest to them to lock up huge part of the prizes somewhere safe until they can figure out how to make good use of the money. Many could easily be overwhelmed by their wins that they would be able to figure out how to use them well.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Kupid002 on November 05, 2020, 09:10:23 AM
I have a neighbor that has same faith with these winners,Back in 2006 when they won a local lottery in which valuing about 400k dollars now(in which Huge Money in my country) .

What the family Did is bought a luxurious House and cars,Live in very High End style of living.

After 4 years they end up going back to where they started and now?stays here again n our place with really burden living.

Opportunity only knock once same as Luck so better live a better or else this will gone.
This is not uncommon occurence with lottery winners, in fact there is a book that documents the life of the people after winning the lottery. There is a research that also shows that most interviewed lottery winners felt miserable after their win. I feel bad for them but most of the time, their actions are kind of their fault too.

Even in my country once you win a lot or betting in lottery everyone know you even you don't really know that person and will ask for( balato )a small share for your winnings.

that is the problem of most people, they do not want to refuse people because of sudden weath and unexpected winning they  do not know how to properly handle their  money from winning .which can be result of misshandling money and lost a lot of it wasting in unnecessary things and expenses and become  run-out of money in the end.


Title: Re: TOP 10 Lottery Winner Losers
Post by: MCobian on November 05, 2020, 09:32:56 AM
Lots of lessons can be taken from the lottery winners who have been mentioned in the opening post, it turns out that our own family
can be a threat when we win the lottery. They want some of the money we got from the lottery, if we win the lottery we'd better not
tell anyone. And we have to control ourselves when we win the lottery, do not let us spend it on something that is not useful.


Title: Re: TOP 10 Lottery Winner Losers
Post by: kryptqnick on November 05, 2020, 11:16:04 AM
  • 7. Sharon Tirabassi, 2004
    Winnings: $10 million, Canadian dollars
    ($11.75 million, Canadian today; $11.4 million U.S.)


    She did blew the fortune with luxuries but she was also practical in putting trust fund for her children.
  • 5. Janite Lee, 1993
    Winnings: $18 million
    ($29 million today)


    Commendable expenditure of the fortune by donating. Others are just the same as others, luxurious house in a gated community and a political luncheon for Bill Clinton.
  • 2 (tie). Billy Bob Harrell Jr., 1997
    Winnings: $31 million
    ($45 million today)


    Another case of family and relatives you hate sucking up to your fortune. He was practical on what to spend his fortune on but again family loans started. I think when you get this kind of fortune, you also should get an iron balls to reject this leeching beggars.
Not all of these examples are bad. Trust fund is a good idea, donating money to a serious cause is also something that deserves appreciation. As for the family, I think I'd share some money with the closest relatives, but giving it all to people with their loans does not make sense. I'd buy a flat (I'm currently renting, I don't have my own apartment) and maybe one more for lease, save about 10% of the money for studying and travelling, put about 50% into a scholarship for bright students from my country who are admitted to top universities abroad and require small additional financial assistance to go there (I was in this situation, so I want to help out those who'd also be in it), give about 30% to my relatives who could use this money. This is a plan for about $1 million. If it's more than that, I'd spend the first million as mentioned above, and put the rest of the money into opening a good private university in my country (with scholarships for the smartest and those who need them most, of course). I don't want to be rich per se, so in case I get lots of money, I want to spend it on something that matters (for me it's education).


Title: Re: TOP 10 Lottery Winner Losers
Post by: smyslov on November 05, 2020, 12:51:28 PM
The hardest thing is when a lot of your friends and acquaintances, know that you hit a jackpot because suddenly you become their hero and their best friend that they want to spend their time with you, you are plunged to nighly party and friends saying all the best things about you in return for a loan that they badly needed.
The best thing to do when you hit the jackpot is to live life in moderation and educate yourself on what to do with the money, everything is all about how you treat money, and how you want to be treated.


Title: Re: TOP 10 Lottery Winner Losers
Post by: carlisle1 on November 05, 2020, 12:53:10 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.


Title: Re: TOP 10 Lottery Winner Losers
Post by: jademaxsuy on November 05, 2020, 01:26:17 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.
Nope, I think you just made a wrong perception against winning in a lottery. We all know that winning lottery is very lucky to achieve it.

The one that I think was wrong here is the discipline against the people around that may able to distruct your ways of spending getting influence by them. Well, what I think is that whenever I win a lottery or jackpot then what comes to my mind is to invest building asset like apartmebt for rent or real estate property businesses.


Title: Re: TOP 10 Lottery Winner Losers
Post by: aioc on November 05, 2020, 04:01:07 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.

Don't lose your trust on yourself, if you do that the best thing in life will not come to you, because of your negative thinking you will lose things that you deserve, don't be negative that something bad will happen to you and your family because of the blessing that has come, if a blessing knocks on your door, you should be strong, matured and educated that you can manage all the big blessing that has come to you.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Renampun on November 05, 2020, 04:54:24 PM
...
they are very fortunate among the billions of people...
but it is a pity they are unable to take advantage of the rare opportunities they get. I saw that there are people who fall into poverty because of a distant family, I think the distant family will only approach your money and not you, when you fall into poverty again, they will disappear leaving you. so be careful when you are winning big.


Title: Re: TOP 10 Lottery Winner Losers
Post by: FinneysTrueVision on November 05, 2020, 06:13:36 PM
People who make such a large amount of money in a short period of time often do not know how to handle their wealth and end up squandering it. It is not an uncommon situation. There is even a TV show called 'How The Lottery Ruined My Life'.

The Jack Whitaker story is really fascinating. He ruined so many people's lives. There have been quite a few TV documentaries on him.


Title: Re: TOP 10 Lottery Winner Losers
Post by: beerlover on November 05, 2020, 07:40:26 PM
Everything else would be something easy to stop, I am not going to change the person I am just because I got money, and almost half of that money doesn't really require you to change your life neither.

Anything until 10 million dollars would be good enough money to have 3 lines of generations live comfortably if you are careful with your investments but it will not become money that would be world changing for everyone, it would easy life but it wouldn't be spend it on everything you find type of life, you have to still live a proper sane but above middle class life, your biggest expense could be a house and even that takes up a huge chunk of your money. Above that would be silly to earn that is for sure but I don't know what would happen in that case. Family and friends are the only trouble here, that sounds like a real problem.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Fortify on November 05, 2020, 08:06:09 PM
This list seems wildly out of date and needs a lot more winnings added to it - did you stop updating it in 2012 or something, because lottery winnings have gone up substantially since then. You should also consider expanding it outside of the USA, as there are many comparatively huge winnings from countries within Europe and the UK. 190,000,000 Euromillions Lottery tickets have been won at least 4 times since 2012, which is higher than 9 out of 10 of the winners that you listed. The biggest winner from the UK "national lottery" won £161,000,000 which would be equivalent to about $200,000,000 if converted to dollars today.


Title: Re: TOP 10 Lottery Winner Losers
Post by: dunfida on November 05, 2020, 08:55:12 PM
...
they are very fortunate among the billions of people...
but it is a pity they are unable to take advantage of the rare opportunities they get. I saw that there are people who fall into poverty because of a distant family, I think the distant family will only approach your money and not you, when you fall into poverty again, they will disappear leaving you. so be careful when you are winning big.

They dont care on what are the global problems that we are experiencing now and what matter most here is on how they do seek of entertainment without minding
on how much money they would spend.Its none of their business to care about those who are poor into other people or do even think about opportunities or being on the lucky side.
Talking on lottery winners then we do have that mindset that this money had been attained on easy manner then most likely it would really be spend on fast manner
without minding on making some business or investment.Its up to our own choice though because our future situation will just reflect on what are the things that
we had done in the past.


Title: Re: TOP 10 Lottery Winner Losers
Post by: chaser15 on November 05, 2020, 09:46:37 PM
I think there is already a related thread about this that got locked because it's not associated with crypto.

Moving forward, those who are saying if only those winners do.. 1, 2, 3 or etc. are not making sense. Why should we care about how they used their money during their luxury days. If they become wrecked so be it.

Sometimes even for a good advisor, once they experience hitting that big amount and jackpot, for sure they will also do the same like those winners on the list since it's a once in a lifetime experience and the chance of hitting a jackpot is playing around 0.00000001%.


Title: Re: TOP 10 Lottery Winner Losers
Post by: abel1337 on November 05, 2020, 10:07:46 PM
If I'm going to win a jackpot I wouldn't tell anyone about it maybe just my very close family member since if the whole family knew about it I'm pretty sure they will all come to you begging for money. Well it's not bad to give but if you know that it might affect your winnings or might think you were abused by some begging I think you should stop and start to plan what you should do with the money.
Me either, but it depends on them. Admin of the lottery will see it when they audit the files, but the amount on they lose is too much for me, I think they should stop when they spend a lot of.it, they need to know how to limit their expenses, losing that kind of money is top big  especially if you are not really rich but it matters anyway, rich people I think will not spend a lot of it, there's a little chances of probability in. every lottery, I wonder why it keeps them betting, they could have use that amount to trade or to create businesses.


Title: Re: TOP 10 Lottery Winner Losers
Post by: AliMan on November 05, 2020, 10:25:38 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.

There's no better future for lottery, and much better if people do realize the bad sides of it. Those wasted money is supposed to be for their needs which turned out to be for gambling investments that doesn't prosper. When we decide to stop betting, it's a deepest decision in life and I always suggest for everyone to never come back because it's the root of addiction. We should act maturely and think of the negative effects that it might bring to our family and loved ones.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Kelvinid on November 05, 2020, 10:49:41 PM
The common reason what they got stuck living millionaire and ended up nothing is that because they overspend their money in gambling chasing back to hit the jackpot again. I've also heard the same story, he overspends his money, do hangouts everyday, buying unnecessary stuff. Well, he has the money anyway but the problem is that he never knows how to spend his money wisely in order to stay in his hands, and sadly he notices that it is already been run out for that very short and even sell all of his stuff and house due to addiction and desperation.


Title: Re: TOP 10 Lottery Winner Losers
Post by: ultrloa on November 05, 2020, 11:00:11 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.

There's no better future for lottery, and much better if people do realize the bad sides of it. Those wasted money is supposed to be for their needs which turned out to be for gambling investments that doesn't prosper. When we decide to stop betting, it's a deepest decision in life and I always suggest for everyone to never come back because it's the root of addiction. We should act maturely and think of the negative effects that it might bring to our family and loved ones.

They get no future because they are eaten by the mindset that they win huge money that cannot be easily wipe out by their spendings. And this is a big lesson to be learn by the other who win and those who did not to save for future since it's really different if you already hold a big money but suddenly a sudden change comes and you wake up empty handed you will surely depressed mentally.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Shasha80 on November 05, 2020, 11:01:01 PM
Winning the lottery is a gift to be grateful for, so it's not a bad thing for us to win the lottery. But many people are not mentally ready
when they succeed in having large amounts of money. So most people spend the money they get from the lottery is not wise. So don't
blame the lottery, but blame ourselves for not being able to use for the money obtained from the lottery properly and wisely.


Title: Re: TOP 10 Lottery Winner Losers
Post by: milewilda on November 05, 2020, 11:47:21 PM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.

There's no better future for lottery, and much better if people do realize the bad sides of it. Those wasted money is supposed to be for their needs which turned out to be for gambling investments that doesn't prosper. When we decide to stop betting, it's a deepest decision in life and I always suggest for everyone to never come back because it's the root of addiction. We should act maturely and think of the negative effects that it might bring to our family and loved ones.

They get no future because they are eaten by the mindset that they win huge money that cannot be easily wipe out by their spendings. And this is a big lesson to be learn by the other who win and those who did not to save for future since it's really different if you already hold a big money but suddenly a sudden change comes and you wake up empty handed you will surely depressed mentally.
You would really go crazy if one day you do wake up where you dont have money left into your pocket due to lots of unwise spendings and didnt handle that money well.
If you do have that kind of mindset where you do continue to spend since you are rich or does have money then later on you would realize on whats the important of it
when you are already experiencing again some hardship due to lack of funds.Winning lottery is indeed a life changing situation for someone to experience but
we know the odds is nearly close to impossible and imagine on how long you've been betting just to hit up those jackpots, its neither you would able to hit up for some time
or would bet like forever into your lifetime just because you do hope for some hit.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Fredomago on November 05, 2020, 11:57:00 PM
The common reason what they got stuck living millionaire and ended up nothing is that because they overspend their money in gambling chasing back to hit the jackpot again. I've also heard the same story, he overspends his money, do hangouts everyday, buying unnecessary stuff. Well, he has the money anyway but the problem is that he never knows how to spend his money wisely in order to stay in his hands, and sadly he notices that it is already been run out for that very short and even sell all of his stuff and house due to addiction and desperation.

Instead of looking for  ways to invest their money to continue having a better life, those people who have given a chance mostly failed.

Like what you've said, very common mistake is being overspending, that mindset that the money came from easy gain are also easy to spent, the value has been forgotten believing that they can do things over again.

Most of us are also hoping to have that same luck, it's a once in life time opportunities better
to learn from those mistakes by people who have that privileges.



Title: Re: TOP 10 Lottery Winner Losers
Post by: Alucard1 on November 06, 2020, 02:50:12 AM
That is why people who don't know how to handle properly will lose big opportunities, whenever you earn a huge amount of money, you should use it for some worthy things, you may do investing, or making a business, even those both things are risky, this is still advisable because you can make your money increase by doing that. People who used to spend their money on unpleasant things will make you bankrupt. You may also lose your money through greediness, self control and proper handling will make your money increases.


Title: Re: TOP 10 Lottery Winner Losers
Post by: cabalism13 on November 06, 2020, 03:28:03 AM
It's really a shame to be known as "LOSER" especially in this case where you lost millions...
I really feel bad for those guys but if they're just sick of money then so be it, crazy rich kids doesn't know what to do with their money.
If I were those guys LoL I would rather spend my Entire life spending those while travelling the world while making a gamble on some investments.


Title: Re: TOP 10 Lottery Winner Losers
Post by: LogitechMouse on November 06, 2020, 03:35:49 AM
As I'm reading the post, I'm thinking too that these things might happen to myself too whenever I win in a lottery.
Aside from these bad happenings coming from some of the lottery winners, there are some winners too that end up a positive too.

This is the problem when you are betting in a lottery and suddenly you won a huge amount. You will be overwhelmed that you don't know where to put your money into. I think it would be better to keep your winnings as a secret. Don't say it to anybody including family members since they can leech your money until the last cent of it or just don't bet on lottery at all in order for you not to experience things like this that may end up your life being miserable.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 06, 2020, 04:32:18 AM
~snip
Not all of these examples are bad. Trust fund is a good idea, donating money to a serious cause is also something that deserves appreciation. As for the family, I think I'd share some money with the closest relatives, but giving it all to people with their loans does not make sense. I'd buy a flat (I'm currently renting, I don't have my own apartment) and maybe one more for lease, save about 10% of the money for studying and travelling, put about 50% into a scholarship for bright students from my country who are admitted to top universities abroad and require small additional financial assistance to go there (I was in this situation, so I want to help out those who'd also be in it), give about 30% to my relatives who could use this money. This is a plan for about $1 million. If it's more than that, I'd spend the first million as mentioned above, and put the rest of the money into opening a good private university in my country (with scholarships for the smartest and those who need them most, of course). I don't want to be rich per se, so in case I get lots of money, I want to spend it on something that matters (for me it's education).
Well, I said in my post that we could learn something from them too. I do agree that they did good with some of their money but the tragedy and misery that follow except for the Canadian outweighs the good things that they did to their winnings. In my opinion, I will not help anyone at first because it will be a slippery slope, I would first organize the money and then allot some of it to what is essential for me, then give 30% of the remaining to charity and family and closest friends, I do not care if they call me greedy, where were they when I was in need.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Ucy on November 06, 2020, 09:09:48 AM
People who make such a large amount of money in a short period of time often do not know how to handle their wealth and end up squandering it. It is not an uncommon situation. There is even a TV show called 'How The Lottery Ruined My Life'.

The Jack Whitaker story is really fascinating. He ruined so many people's lives. There have been quite a few TV documentaries on him.

I believe there are people who have actually used their big lottery wins well. I have one as relation(actually an uncle)...*it wasn't from the regular lottery we are used to though.
So, the Tv program producers could as well balance their programs by featuring those who use the lottery prizes well so others can learn from them.



Title: Re: TOP 10 Lottery Winner Losers
Post by: btc78 on November 06, 2020, 09:22:17 AM
This is the sudden things that might happen to every Lottery winners.Their Luck is indeed about money but their Life is not safe all the way.
Each people around them will eager to have at least part of His money and this will be the chance of us being killed.
Look at the winners above and you'll see what is the future of each winners.
i still bet in lottery hoping to win,but if i did?surely only my parents will know about it,and will prevent others to find out.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Viscore on November 06, 2020, 09:39:15 AM
This is the sudden things that might happen to every Lottery winners.Their Luck is indeed about money but their Life is not safe all the way.
Each people around them will eager to have at least part of His money and this will be the chance of us being killed.
Look at the winners above and you'll see what is the future of each winners.
i still bet in lottery hoping to win,but if i did?surely only my parents will know about it,and will prevent others to find out.
The easier money it comes to our hands the easier as well to spend to nothing, the quickest also it gone in our hands just like a win. To correct such a mindest is a way to make it right and this is a big challenge for them, why? They always forget what they have plan before but instead, they got spending more and more until the last cents left.

we could think this a sort of learning but I'm not sure how serious they when they are talking about it because what I have said "They always forgot' what they have said before. That sad reality in gambling life.


Title: Re: TOP 10 Lottery Winner Losers
Post by: numanoid on November 06, 2020, 01:13:24 PM
This is the sudden things that might happen to every Lottery winners.Their Luck is indeed about money but their Life is not safe all the way.
Each people around them will eager to have at least part of His money and this will be the chance of us being killed.
Look at the winners above and you'll see what is the future of each winners.
i still bet in lottery hoping to win,but if i did?surely only my parents will know about it,and will prevent others to find out.
It's because their own fault to not manage their money properly when they have won so huge amount of money from lottery. They keep buy everything with their money without thinking anything once their money gone. That's not sudden thing since they could prevent what will happen with them if keep their money without telling other people


Title: Re: TOP 10 Lottery Winner Losers
Post by: ultrloa on November 07, 2020, 11:42:15 AM
This is the reason why I stopped betting in Lottery because of the risk of either Losing people i love or losing my Life once i become a jackpot winner lol.
Imagine almost all of them end life in bad ways and not just that but in hands of the people close to them.
This is what money can bring ,So better not tell anyone about your winning though this is impossible to happen as  our happiness will surely dictate us to spread the message about our million winnings.

There's no better future for lottery, and much better if people do realize the bad sides of it. Those wasted money is supposed to be for their needs which turned out to be for gambling investments that doesn't prosper. When we decide to stop betting, it's a deepest decision in life and I always suggest for everyone to never come back because it's the root of addiction. We should act maturely and think of the negative effects that it might bring to our family and loved ones.

They get no future because they are eaten by the mindset that they win huge money that cannot be easily wipe out by their spendings. And this is a big lesson to be learn by the other who win and those who did not to save for future since it's really different if you already hold a big money but suddenly a sudden change comes and you wake up empty handed you will surely depressed mentally.
You would really go crazy if one day you do wake up where you dont have money left into your pocket due to lots of unwise spendings and didnt handle that money well.
If you do have that kind of mindset where you do continue to spend since you are rich or does have money then later on you would realize on whats the important of it
when you are already experiencing again some hardship due to lack of funds.Winning lottery is indeed a life changing situation for someone to experience but
we know the odds is nearly close to impossible and imagine on how long you've been betting just to hit up those jackpots, its neither you would able to hit up for some time
or would bet like forever into your lifetime just because you do hope for some hit.

That's why it's a huge shame for them for encountering this situation and for sure they will comeback to their old life and trying their luck again on gambling but I doubt this winning situation will occur on them again since imagine the odd and the number of bettors for sure their chances will be less since there time is done already.

But what lesson I got here is we should value even cents that we earn or win so that we will not became like them that almost blow up due to their current situation.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Bekuciwu9 on November 07, 2020, 12:03:22 PM
I always thought that huge majroty of people loose all the money in the matter of few years but based on this list that is not actually true.It is all about resisting to invest money in dubious business suggested by your friends and relatives and you are good.All you have to so is put money in bank,preferably Swiss bank orsomeplace equally safe and you can comfortably live off the interest,


Title: Re: TOP 10 Lottery Winner Losers
Post by: plvbob0070 on November 07, 2020, 05:03:55 PM
It's a matter of how well you manage your winnings. Winning a jackpot does not always come to us, so if we're given that opportunity, we should use it wisely. And I think that's what some of them forgot because they were probably so excited about the money that they forgot to think critically. As for the other cases, it really sucks to have some toxic people around you that just because you win, they will take advantage of that and use you.

They won big time, but it did not result in a good way, their happiness was just temporary because of their greed or the greed of the people that surrounds them.


Title: Re: TOP 10 Lottery Winner Losers
Post by: TedMosby on November 07, 2020, 07:03:54 PM
Money can change people. Money can affect people’s behavior, how they act, think, and talk. Most of people change badly because of money. I guess you guys have this kind of person in your circle.

If you cant manage small amount of money, you wont be able to manage big amount of money too, because your mindset about money management wont change.

Sometimes I realized myself changed as well when I have more money.
When it happened to me, I always talk to myself, “dont change, dont be a bad person” all the time. Lol  ;D

I’ve never won a lottery or rewarded with that amount of money, so it’s easy for me to say good things. Believe me, you will change as well when you are in their position.

Remember, with great power, comes great responsibility.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Inkdatar on November 07, 2020, 09:44:17 PM
This happen when you don't know how to manage your finances, a sudden wealth from winning a lottery that no knowledge how to handle it properly.  When winning a huge of money you have to plan where you will spend it. I've heard the same story a man hit a jackpot after a few years ended up beggar because he spend it one big time. So when you become winners you will spend it wisely, put your money that will give a return of income.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Porfirii on November 07, 2020, 10:14:39 PM
 :D :D :D Thanks for sharing OP! this is one of these articles that are curious and funny but if I don't read them here I read them nowhere else.

It is sad but for many people winning the lottery leads to degrees of misery they wouldn't have known in their normal lives. Some kind of poisoned gift. There is a film in my country about this, but I think it is an adapted script so I'm sure you know that I am talking about.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Twinkledoe on November 07, 2020, 10:24:21 PM
This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.

If in case, you will win lottery, don't ever mention it to anyone, maybe not even to your family. Once you secure the winnings, put it in a safe place. Even banks are not safe, as I'm thinking that some employees will talk and will give you trouble. And then slowly, use it. But don't change your lifestyle, live as is. But you can plan on how to further grow your money, even small business that you can set-up with. Don't go big as people will be curious.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 09, 2020, 04:34:16 AM
:D :D :D Thanks for sharing OP! this is one of these articles that are curious and funny but if I don't read them here I read them nowhere else.

It is sad but for many people winning the lottery leads to degrees of misery they wouldn't have known in their normal lives. Some kind of poisoned gift. There is a film in my country about this, but I think it is an adapted script so I'm sure you know that I am talking about.
Glad that you appreciate the post. Do not feel bad for other people's mistakes if they have the means to prevent it. I do not know the film that you are talking about and I will gladly check it out.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Emitdama on November 09, 2020, 08:56:19 AM
I always thought that huge majroty of people loose all the money in the matter of few years but based on this list that is not actually true.It is all about resisting to invest money in dubious business suggested by your friends and relatives and you are good.All you have to so is put money in bank,preferably Swiss bank orsomeplace equally safe and you can comfortably live off the interest,
Lottery is deceptive and actually while there are big winners but if you count the countless small losers we have daily in lottery the big winners are nothing compared to them. I am not saying lottery is wrong or bad instead I am trying to put the point that winners are big in lottery but the amount lost by small bets is actually what pays those big ones technically.

I hardly play lottery and sometimes I am automatically entered into lottery like I play at stake often and they have a Lambo giveaway going on so I am entered automatically as every 1k wager earns a ticket into it, but I know the chances of me winning are not even realistic but that said all it takes is one lottery ticket to win. So, it's deceptive and very curious but I would never pay to buy lottery tickets.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Yamifoud on November 09, 2020, 09:17:53 AM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.


Title: Re: TOP 10 Lottery Winner Losers
Post by: jostorres on November 09, 2020, 04:11:55 PM
Many here on this lists are due to not knowing what to do with their fortune, or getting drunk to power and wealth and they are exposed to greedy people who exploited their riches, the worse thing that can happen to you is not knowing how to act when you make a fortune, because it comes unexpectedly and we all know if we are not trained to do things that comes unexpectedly we don't know what to do.
That's correct and actually the one who wins big is not always the smartest instead the one who wins average and invests that money in the right place is the smartest person. There are numerous stories of people winning big but in some time they are back to bankrupt because they could not manage the wealth and like you said some greedy people, I call them parasites, will juice the money out of the riches slowly.

Nice list made in OP and I was surprised by the amounts mentioned actually because 314 million is too good to even think about it and winning such amount via lottery might give me a heart attack actually if I ever win that much or even close to that. I am into a few lotteries so my hopes are high after reading this thread ;D.


Title: Re: TOP 10 Lottery Winner Losers
Post by: clickerz on November 09, 2020, 11:28:34 PM
This happen when you don't know how to manage your finances, a sudden wealth from winning a lottery that no knowledge how to handle it properly.  When winning a huge of money you have to plan where you will spend it. I've heard the same story a man hit a jackpot after a few years ended up beggar because he spend it one big time. So when you become winners you will spend it wisely, put your money that will give a return of income.

Yes I agree and this is common even in documentaries on tv, people change after receiving or winning a huge amount of money. After these, they spend endlessly as if there is no end. Until one day,  they woke up and realizede they have not enough money anymore and they regret it. Better to have plans, being lucky having a great windfall does not mean you spend it profusely.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lanatsa on November 09, 2020, 11:45:35 PM
This happen when you don't know how to manage your finances, a sudden wealth from winning a lottery that no knowledge how to handle it properly.  When winning a huge of money you have to plan where you will spend it. I've heard the same story a man hit a jackpot after a few years ended up beggar because he spend it one big time. So when you become winners you will spend it wisely, put your money that will give a return of income.

Yes I agree and this is common even in documentaries on tv, people change after receiving or winning a huge amount of money. After these, they spend endlessly as if there is no end. Until one day,  they woke up and realizede they have not enough money anymore and they regret it. Better to have plans, being lucky having a great windfall does not mean you spend it profusely.
And this is where most people failed to think of on how to spend their money wisely but instead they do the opposite way and when time comes  that they don't have much money left
then that's the time they do re-sell out those things  that they had bought with that money.

In the end they would really be regretting and thinking that they shouldn't have spent their money on that way but its already too late. There's no way to turn back the time.

This is why we should really be wise into our decisions in life because these chances doesn't come easily even into our entire life span.So better cherish it and give importance and have proper planning.


Title: Re: TOP 10 Lottery Winner Losers
Post by: imstillthebest on November 09, 2020, 11:56:24 PM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.

all that are on the list are winners but the list is few compare to all the winners of the lottery that are not listed on here. we do want to be like them we do want to win but we dont want to feel the same faith that they had .

winning in a lottery isnt a joke because the odds are close to impossible and also handling a huge money isnt also a joke if ever you win  .

your life can be threaten because criminals will get interested on you and will also be threaten if let say you will buy things that you dont have before like car ,  travelling on different places where accident is more prone to happen than living a simple life .


Title: Re: TOP 10 Lottery Winner Losers
Post by: Twinkledoe on November 10, 2020, 12:00:10 AM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.

all that are on the list are winners but the list is few compare to all the winners of the lottery that are not listed on here. we do want to be like them we do want to win but we dont want to feel the same faith that they had .

winning in a lottery isnt a joke because the odds are close to impossible and also handling a huge money isnt also a joke if ever you win  .

your life can be threaten because criminals will get interested on you and will also be threaten if let say you will buy things that you dont have before like car ,  travelling on different places where accident is more prone to happen than living a simple life .

For those that mismanaged their lottery winnings, I guess they already realized that winning alone is like one in a million and should have used it properly. But anyway, the regret is always at the end. Everyone of us always think that if given that once in a lifetime chance, we will spend it wisely. But in some cases, the scenario changes once you are in that situation.


Title: Re: TOP 10 Lottery Winner Losers
Post by: DevilSlayer on November 10, 2020, 03:08:28 AM
Many here on this lists are due to not knowing what to do with their fortune, or getting drunk to power and wealth and they are exposed to greedy people who exploited their riches, the worse thing that can happen to you is not knowing how to act when you make a fortune, because it comes unexpectedly and we all know if we are not trained to do things that comes unexpectedly we don't know what to do.
That's correct and actually the one who wins big is not always the smartest instead the one who wins average and invests that money in the right place is the smartest person. There are numerous stories of people winning big but in some time they are back to bankrupt because they could not manage the wealth and like you said some greedy people, I call them parasites, will juice the money out of the riches slowly.

Nice list made in OP and I was surprised by the amounts mentioned actually because 314 million is too good to even think about it and winning such amount via lottery might give me a heart attack actually if I ever win that much or even close to that. I am into a few lotteries so my hopes are high after reading this thread ;D.
It is true that 90% of the people who are winning in lottery or in gambling are losing it in just a period of time because they do not have good financial education so there is really a high chance that they will get back to their older lives. Their spending habits will become worst especially because they win huge amount money, they just spend and spend without knowing that their money is keep decreasing. These hundred of stories are not unique anymore, I think it is because a lot of people are not financial literate and they do not have care on improving what they know. There are only some people who manage to increase the money that they won in lottery by making investment in different financial instruments and assets.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Reatim on November 10, 2020, 03:25:13 AM
If this will be my future then i rather not bet and win in lottery ,i don't wanna lose my love one and i don't wanna lose my life in those ways.

Why would people dream of becoming a millionaire when the end will be such a cruel  and inhumane death?

i know how Good having that much money when you can almost buy everything in the world,but remember that we cannot buy back our life when it was taken from us.

and i believe that even how good you will manage the winning still Greed of people will not stop to take it from you.



Title: Re: TOP 10 Lottery Winner Losers
Post by: yazher on November 10, 2020, 04:18:29 AM
If this will be my future then i rather not bet and win in lottery ,i don't wanna lose my love one and i don't wanna lose my life in those ways.

Why would people dream of becoming a millionaire when the end will be such a cruel  and inhumane death?

i know how Good having that much money when you can almost buy everything in the world,but remember that we cannot buy back our life when it was taken from us.

and i believe that even how good you will manage the winning still Greed of people will not stop to take it from you.



There are a lot of things you can't really do if you are blinded with money, most of the time people think spending without reasons will bring them good things until they spend it all and finally they woke up with nothing to do to get it back. If those people really cared about their future, they could have stopped themselves from wasting all those money and think of the way on how to keep it until they leave this world. But most people don't know, all they want is entertainment which often leads to their demise.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Pamadar on November 10, 2020, 04:51:15 AM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.

Who knows when that big shot will fall for you, it will be a life changer if you know how to value the money.

There are people who keep losing each time they've tried their luck but for people who really determine they will not stop as long as there's money that they can spare, it will just a continuous cycle from time to time, either they died or they'll get the chance of winning the jackpot and enjoy the rest of their lives.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 10, 2020, 04:58:52 AM
If this will be my future then i rather not bet and win in lottery ,i don't wanna lose my love one and i don't wanna lose my life in those ways.

Why would people dream of becoming a millionaire when the end will be such a cruel  and inhumane death?

i know how Good having that much money when you can almost buy everything in the world,but remember that we cannot buy back our life when it was taken from us.

and i believe that even how good you will manage the winning still Greed of people will not stop to take it from you.


We are different on how we will do things, some of these people are just fated to be tied with this tragedy called instant wealth. In the end, you will be in control of what happens next when this thing happens to you. You can content with what you have but people are not the same as you. That much money in my opinion is too much. Like what the song says Mo' Money Mo' Problems.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 10, 2020, 05:41:22 AM
Who knows when that big shot will fall for you, it will be a life changer if you know how to value the money.

There are people who keep losing each time they've tried their luck but for people who really determine they will not stop as long as there's money that they can spare, it will just a continuous cycle from time to time, either they died or they'll get the chance of winning the jackpot and enjoy the rest of their lives.
Relying on the chance that you might hit the big jackpot is a dangerous mindset that could rock your financial status into shambles. Lottery should be the most avoided game in my opinion because it does not have anything in it for you, even if it is for charity. A good amount of it will go to the pockets of individuals behind the operation.


Title: Re: TOP 10 Lottery Winner Losers
Post by: carlisle1 on November 10, 2020, 05:54:13 AM
Who knows when that big shot will fall for you, it will be a life changer if you know how to value the money.

There are people who keep losing each time they've tried their luck but for people who really determine they will not stop as long as there's money that they can spare, it will just a continuous cycle from time to time, either they died or they'll get the chance of winning the jackpot and enjoy the rest of their lives.
Relying on the chance that you might hit the big jackpot is a dangerous mindset that could rock your financial status into shambles. Lottery should be the most avoided game in my opinion because it does not have anything in it for you, even if it is for charity. A good amount of it will go to the pockets of individuals behind the operation.
Lol when we put our bet in gambling we are looking for a win of course so there is no wrong in relying to win but at least we are also ready to lose.

This mindset will save our asses from constant losses because we are aware of the other areas in what will happen to our activities in gambling.



But Lottery is really a rare to win gambling so i think Lets treat this as just fun activities than a life support.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 10, 2020, 06:43:04 AM
Lol when we put our bet in gambling we are looking for a win of course so there is no wrong in relying to win but at least we are also ready to lose.

This mindset will save our asses from constant losses because we are aware of the other areas in what will happen to our activities in gambling.
That is just my take on people always saying what if I hit the big money. I know that it differs and financially speaking, gambling is not the best course of action. Or maybe I just do not get the mindset of this people. I do not think it will save you from constant losses, chances and odds will be the one that will save you.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Chrystora123 on November 10, 2020, 10:38:12 AM
If this will be my future then i rather not bet and win in lottery ,i don't wanna lose my love one and i don't wanna lose my life in those ways.

Why would people dream of becoming a millionaire when the end will be such a cruel  and inhumane death?

i know how Good having that much money when you can almost buy everything in the world,but remember that we cannot buy back our life when it was taken from us.

and i believe that even how good you will manage the winning still Greed of people will not stop to take it from you.
Judging from the backgrounds of that lottery winners, almost all of them were poor.  those who have never held a lot of money will be surprised when they have so much money and that's what happened to them.  There have been many cases where money is the cause of the breakdown of the family, husband-wife, and friend relationships..

money is just a tool, so when you have a lot of money immediately control yourself, manage your money, don't let money control you and the people around you..


Title: Re: TOP 10 Lottery Winner Losers
Post by: DoublerHunter on November 10, 2020, 08:20:32 PM
^ What's done is done and these people just teach us a lesson of the possible mistake that can also ruin our lives if we will have a sudden earning like them. We cannot change the things that happened to them but because of them we can be better ones and be able to manage it by considering that a sudden earning should not be followed by a sudden decision on what to do next. Nevertheless, we should always weigh the consequences in every action that we are going to do if we won a million dollars because either becoming generous by sharing it with others or being selfish can both bring harm to us.


Title: Re: TOP 10 Lottery Winner Losers
Post by: carlfebz2 on November 10, 2020, 09:25:17 PM
If this will be my future then i rather not bet and win in lottery ,i don't wanna lose my love one and i don't wanna lose my life in those ways.

Why would people dream of becoming a millionaire when the end will be such a cruel  and inhumane death?

i know how Good having that much money when you can almost buy everything in the world,but remember that we cannot buy back our life when it was taken from us.

and i believe that even how good you will manage the winning still Greed of people will not stop to take it from you.
Judging from the backgrounds of that lottery winners, almost all of them were poor.  those who have never held a lot of money will be surprised when they have so much money and that's what happened to them.  There have been many cases where money is the cause of the breakdown of the family, husband-wife, and friend relationships..

money is just a tool, so when you have a lot of money immediately control yourself, manage your money, don't let money control you and the people around you..

Where you do came from on a poor family and suddenly you do able to hit the jackpot and have tons of money then i cant blame out people not to know on what they should gonna do.

The first thing in mind would really be talking about is on buying all of those things that you had wanted and wished for when you are still poor which is somewhat expected for that to happen.

Control is needed but it isnt really that easy as it sounds even though we do make out some recommendations but if you are on the actual condition then most likely you would really be
ending up on the same.



Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 11, 2020, 04:25:01 AM
^ What's done is done and these people just teach us a lesson of the possible mistake that can also ruin our lives if we will have a sudden earning like them. We cannot change the things that happened to them but because of them we can be better ones and be able to manage it by considering that a sudden earning should not be followed by a sudden decision on what to do next. Nevertheless, we should always weigh the consequences in every action that we are going to do if we won a million dollars because either becoming generous by sharing it with others or being selfish can both bring harm to us.
That is a great realization, it is smart to learn from your own mistake but it is wise to learn from other's mistake. I have read the article and I learned something new from this people. My realization in this is that generosity is the biggest weakness of these people, it could have been prevented if you have the balls to say no in the first place.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Astvile on November 11, 2020, 04:40:39 AM
It is sad and shocking how the closest person in your life ended up being your enemy all over money. Well I guess what they say is true, love of money will be the root of all evil. Winning the lottery is a double edged sword I guess, if you have people in your life like those of the lottery winners have it will be hard to manage I guess. Controlling your money is easy, but the persons around you is isn't that easy money will always blind them.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Lorence.xD on November 11, 2020, 06:25:37 AM
It is sad and shocking how the closest person in your life ended up being your enemy all over money. Well I guess what they say is true, love of money will be the root of all evil. Winning the lottery is a double edged sword I guess, if you have people in your life like those of the lottery winners have it will be hard to manage I guess. Controlling your money is easy, but the persons around you is isn't that easy money will always blind them.
It is not the love of money that we should be wary of and label it as the root of all evil. In my opinion, the root of all evil is the human nature of wanting to be more than the others. We can't change human nature that easily, as long as we see someone as competition, envy and greed will be present and nothing can stop someone with the conviction to steal from someone even if it is their family.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Nellayar on November 11, 2020, 07:17:50 AM
This is what happens when you earned a sudden wealth without having knowledge or experience of handling a huge amount of money properly. You could give someone a million dollars and watch it be gone in a few days, but give some who knows how to manage money properly and watch it grow to millions in a few years. Sometimes earning a sudden wealth can lead to your demise, there was once an incident in our country where a lottery winner got murdered the next day when he claimed his prize.
This is why there are many lottery winners in my country that lose their winnings instantly. The improper way to spend and no knowledge in investment will lead them in losing their jackpot prize. Financial advisor is always needed when you have plenty of money. If you have knowledge on how to manage your asset, it will not be gone instantly. Unless, you will be scammed by your neighbourhood/kin. Just like the person in my place who won a million in lottery, he gave it to his kin because he has no knowledge where he will place his money.


Title: Re: TOP 10 Lottery Winner Losers
Post by: samputin on November 11, 2020, 07:42:58 AM
I will choose not to win the lottery if the same problem above will happen to me someday. You already feel you're too lucky, and then after how many months or years living the rich life, you're going back to your normal life plus big tons of loans. These Top 10 winner losers stories should be a lesson to the future lotto winners.
I think it's better if we also learn from them, not just the future lotto winners because we can't really know who they are, right? It could be us who can win the jackpot prize. But regardless, it's a financial matter. Whether we win big in a lottery or not, we should learn how to manage our finances well. We should know how and where to allocate the money we earn so that it won't go to waste, together with our time and efforts.

With the regards to the op, I think it sucks when other people, especially your relatives, suck the riches out of you. I mean, they can ask nicely for financial help. But I think when it comes to money issues, it really has the tendency to bring out the worst in us. The saying, "Money is the root of all evil" is indeed true.

I'd like to become a lottery winner of course, if it'll really happen. But if the ending will be like one of those ten people, then no thanks.


Title: Re: TOP 10 Lottery Winner Losers
Post by: Ucy on November 11, 2020, 09:49:13 AM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.

all that are on the list are winners but the list is few compare to all the winners of the lottery that are not listed on here. we do want to be like them we do want to win but we dont want to feel the same faith that they had .

winning in a lottery isnt a joke because the odds are close to impossible and also handling a huge money isnt also a joke if ever you win  .

your life can be threaten because criminals will get interested on you and will also be threaten if let say you will buy things that you dont have before like car ,  travelling on different places where accident is more prone to happen than living a simple life .

For those that mismanaged their lottery winnings, I guess they already realized that winning alone is like one in a million and should have used it properly. But anyway, the regret is always at the end. Everyone of us always think that if given that once in a lifetime chance, we will spend it wisely. But in some cases, the scenario changes once you are in that situation.


What makes people responsible and happy is doing what they love to do or what they are talented in for the benefit of others.
Perhaps if you recognize this talents in such winners and get them to impact their society with such talent/gift, they will use the money more responsibly in the businesses.  The problem is that they spend the money on themselves or selfishly to be happy. Those kind of spending usually bears no fruit. Better to use it to develop your talent to help other people. That's what makes us happy not huge money.


Title: Re: TOP 10 Lottery Winner Losers
Post by: ecnalubma on November 12, 2020, 07:48:50 PM
There is a saying that..
 
Quote
“You must gain control over your money or the lack of, or it will forever control you.”- Dave Ramsey

Money could lead you to an unpleasant ending if you let it take over your lifestyle. It is better to hire a financial advisor if you are unsure of what to do with that big money, or atleast seek some good advices to your family.