A person who won 600k$ in lottery

[Mr. Magkaisa]

What would you do if one day you won the lottery? What are you planning to buy and who do you want to include in your success? There is a seller in the market who if you ask him, he will never be stingy with the money he will win. This is the reason why the luck with which he achieved success withered like a vegetable and disappeared like a bubble. This person is known as a helpful and caring person as he sells vegetables. And when he was making a profit from his sold vegetables, he never lost his mind to bet on the lottery every day for 10 years.

yes, you're right after 10 years of patiently betting on the lottery he unexpectedly pulled out the numbers he always bet on the lottery worth around 600k$ more. The joy on his face is indescribable. Because this is an unusual event in his life. In his nature of being helpful and caring for his family, he did not forget to help and reach them with the amount he won in the lottery.

After achieving this success, he bought his masion in their province, bought household items, fancy cars and jewelry. In addition to this, because this person has a big helpful heart, he fed the entire market where he used to sell vegetables and said goodbye to the barangay that covers it.

But as they say, a kind person is often abused. Because of his kindness, many people came forward and borrowed money. Because he can't say no, he gives the help that is asked of him. And over the years these debts were not paid to him. This caused disappointment and regret in his heart. Although he has goodness in his heart and intentions that are good for others, And this caused him resentment and sadness towards those who did not keep their promises to him.

In short, he became a victim of people who were arrogant towards others. And in an instant, his luck gradually disappeared as if he had become a withered vegetable, at the beginning he was happy with his success and the large amount of money he won. But with the passage of time and expenses careless decisions resulted in the loss of his wealth. he had expensive expenses such as buying a mansion house, cars and other properties.

He also did not invest or plan properly for his future. Instead of having a proper management of his money he had fun and didn't think deeply. This slightly distressed story again shows importance and responsible handling of money. Winning the lottery is no reason to lose financial self-discipline and proper planning. It is important to have proper planning for the future to avoid. such situations.

This is also a reminder that money should be valued, and planned wisely, the loss of his wealth is a lesson that no matter how much we receive can be used up if we do not keep and manage properly. Even though his money was exhausted, something opened his mind in the midst of the hardship he was facing, the remaining apartment he owned. Despite the trials, he had hope to get back up little by little by using his remaining property. Because of the rest of his property, he thought of allocating income and time to repair and rent it so he improved it. Because of his. determination, he gradually entered his rent. He did get sane and responsible tenants who were running a good profit from
in the apartment.

These rents provided him with payments for his expenses and payments for his dues and daily needs. Through his apartment he got a source of his income and hope. This is what gave him the strength to persevere in getting up in life. He had a chance to start over and build a foundation for his future.

[btc_angela]

If there is one thing that a person who won a lottery, he should step away from the crowd. Because for sure there will be free loader, all your families and relatives will be at your doorsteps every day. And if you refuse to help, they will say that you are arrogant and because of money, you have change a lot.

On the other hand, if you give everyone, then what will be left of you? That's why it's better to just get out of that block and just disappear for good, just saying. Sometimes it is the curse of winning in lottery.

Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy, according to the National Endowment for Financial Education. Runaway spending, toxic investments and poor accounting can burn through a lucrative windfall in next to no time. From (relative) rags to riches then back to rags again, read on for the stories of the lottery winners who found this out the hard way. All dollar values in US dollars.

https://www.lovemoney.com/galleries/64958/lottery-winners-who-won-millions-but-ended-up-with-nothing?page=1

[Die_empty]

Sad story! Regardless of how much you earn if it is not well managed it will be mismanaged and become nothing. The first mistake he made was to announce his win to the entire community. Immediately after he did that, people will begin to devise means to defraud him. The next mistake he made was to spend his money on luxury, especially cars and jewelry. These items are not assets because they cannot generate income. The next mistake was to lend money to people without collateral or guarantees. People will feel that he still has more, so there was no need to repay the loan. The world is filled with dishonest people that don't keep their word.

These rents provided him with payments for his expenses and payments for his dues and daily needs. Through his apartment he got a source of his income and hope. This is what gave him the strength to persevere in getting up in life. He had a chance to start over and build a foundation for his future.

I appreciate his liberality. Feeding the poor is a good course and the community will always remember his kind gesture. He was also fortunate to own a house that he could rent and get some income to meet his daily needs. It seems real estate is a good business in your area. If he had bought more houses, he won't have lost most of his funds. I am sure he has learned his lessons. With his experience, he will not make the mistake he made before.

[Helena Yu]

The more you gamble, the more money you will lose. So if you want to talk about gambling and investing, both of them are contradicts each other.

Even you're won $600K in lottery, you want to start to create your own business or invest your money, it's not always success and you will make money as fast as you lose money through gambling.

[swogerino]

It is great that this guy won after 10 years and it is also great that this guy wanted to help people but as soon as he saw someone not paying him he should have not borrowed or lend more money to these people who were arrogant and were only trying to cheat on his heart and goodwill.

Another thing is that with that kind of money you don't have fun without thinking,you should invest in some real estate which is something that only increase in value while he should have continued to deal with these vegetables.

[LFC_Bitcoin]

$600,000 is a great win but it’s not forever money, if you live in a First World country. If I won $600,000 I’d buy a couple of small houses to rent out, take a holiday and buy bitcoin with the rest.

Sounds like the guy involved in the OP’s post sadly wasn’t prepared or made for money.

[ethereumhunter]

That means if we can win the lottery jackpot, which is a lot of money, we can use it for the things we need in life and also be able to better prepare for the future. At the very least, we have to prepare our children's lives so that they don't have the same difficulties as we do.

The man in the story experiences a mistake by not properly preparing for his future even though he has won money from the lottery jackpot. And even though it's too late to realize his mistake, at least he wants to rise from his slump to be able to survive and start preparing everything for his future so he can be better.

[FatFork]

I've been saying this like a thousand times already: money isn't the real issue here; it's the folks who don't know how to handle it properly! Seriously, if people had a better grasp on managing their finances, things would be so much smoother.

I think the real problem from the start lies in the fact that a bunch of folks, who lack self-control and financial know-how, are the ones playing the lottery and buying most of the tickets. And let's face it, things take a wild turn when these same individuals end up winning big bucks they have no clue how to handle. It's a whole new ballgame then!

[TopTort777]

This is not the first example when patience pays of in gambling. I remember we had topic here when some grandpa was buying each Friday (or each day) a several bucks lottery ticket and selecting same lottery numbers for tens years, and finally hit jackpot.

I believe that is not that hard to play lottery daily and use same numbers. The hardest thing is to resist temptation to select different numbers, for lottery company to live that long, and being able to find lottery tickets (in case a person moves on to other country).

P.S. I would won 600k$, I would also buy a new house and the rest of the money invested in some kind of business.

[Crypt0Gore]

That's cool amount of money, but 600k is not something you can have and decide to start buying things that wont be appreciating in value in time, if I have 600k right now or I won it through gambling it will be use to speed up my retirement, I will use 80% of this money to buy Bitcoin and wait for new highs to sell them, I will be in millions of dollars if that happen, I am presently living the life I want to live and the only thing I have in mind is to keep growing nonstop.

If you make such money from gambling I don't expect you to go back to gambling, trying to make more money, you will only end up where you started before making the 600k, learn to always walk away when luck favours you.

[Oshosondy]

But as they say, a kind person is often abused. Because of his kindness, many people came forward and borrowed money. Because he can't say no, he gives the help that is asked of him. And over the years these debts were not paid to him. This caused disappointment and regret in his heart. Although he has goodness in his heart and intentions that are good for others, And this caused him resentment and sadness towards those who did not keep their promises to him.

In life, we just have to be wise. It is good to be kind, but not good to be foolish. Some kindness are foolishness. You can easily know that some kindness are foolishness if you are doing something beneficial to people that the people can not do for you if they are in your shoe. I remember when I needed money, all my friends were unable to give me, even the ones that I know that has the money, they gave me nothing and that thought me a lesson.

If I know someone good to me come for money, I will do the little that I can do that will not affect me in any way, he should go to other people for the rest.

You will see some peope that won huge amount of money in gambling, but they will not want to be known publicly, this is just one of the reasons they avoid the public.

[robelneo]

In short, he became a victim of people who were arrogant towards others. And in an instant, his luck gradually disappeared as if he had become a withered vegetable, at the beginning he was happy with his success and the large amount of money he won. But with the passage of time and expenses careless decisions resulted in the loss of his wealth. he had expensive expenses such as buying a mansion house, cars and other properties.

He also did not invest or plan properly for his future. Instead of having a proper management of his money he had fun and didn't think deeply. This slightly distressed story again shows importance and responsible handling of money. Winning the lottery is no reason to lose financial self-discipline and proper planning. It is important to have proper planning for the future to avoid. such situations.

This is the importance of planning and educating yourself on how to handle finances, if you're a businessman, an investor, or even a gambler, especially a lotto bettor, there are always unexpecting things that are going to happen, when suddenly we have a huge amount that comes unexpectedly we think of the things that we want more than the things that we need, and we never plan wisely, this is called indulgent.

Money won in a lottery should be divided wisely, there should be an amount specifically for a time deposit that you can withdraw at a specific time, the first two years are the dangerous years for those lottery winners because this is the time that either they lose it all to overspending or putting in a bad investment.

[danherbias07]

I may do what the guy did in the end.
Get a large property, build a 4-5 storey building, and make it a room for rent space. Another option is to buy small properties in provinces that are near their development, I actually already have my eyes on what place I want to buy it but I don't have the money.
It is true, money should be valued once you have it. Investment first. Helping others will be easy if there's money coming in first. It cannot be always just going out by overspending or loaning it to others when we all know it's hard to get it back from them. The question of "When?" is the problem.
Also, try to help your relatives first before other people, because family will always be there once you fell down again.

[Cantsay]

As a business man I really didn’t expect this from him. It’s a normal thing to buy house, cars and the rest stuffs but as for the case of loaning our money I really don’t support that idea. He must have had the opportunity to figure out how human behave since he worked in the public space ( his market space ) because it’s extremely difficult for people to pay you back your money when they have little to nothing to lose.

If the money was convert to my local currency it would have amounted to a huge sum, and if properly managed would have lasted a long time, so in its case lack of management, carelessness and generosity affected his account.

[kingvirtus09]

It's good that somehow the person who won the lotto had an apartment still has something left over to make way for him to get back on his feet. So sometimes being a good person to others should also be placed in the right place, because there are people who when they know you have money and you are a good person, they will take advantage of this opportunity to make a fool of you and get what they really want.
And this story is also a bit different compared to the ones I heard about who also won the lottery but also went to nothing and went back to being poor. It's not like this, the last asset he had that was an apartment was his last resource to get back up and not go back to being poor. Nice story😊

[madnessteat]

If I won big in the lottery, I would definitely stop playing the lottery, because winning big in the lottery is unlikely. $600k is enough to buy a few properties that can be rented out and live on that money for the rest of your life. I quit playing the lottery after a few years of buying lottery tickets to no avail, so hopefully I'll get lucky at poker or slots.  In fact, I'm genuinely glad that someone manages to turn their life around like that.

[benalexis12]

600k$ winning jackpot is too much for me, maybe until the 3rd generation of my family can live on that amount. The only thing I can say to the person who won the lottery is that he is still lucky because I saw that even though he lost a lot of money from what he won, he still took steps to recover his payments little by little through the last apartment he owned. , it's good that he thought about this, because if he didn't go back to being poor, and from what I saw in the story, his loved ones inspired him to persevere even more and rise again.

[topbitcoin]

If there is one thing that a person who won a lottery, he should step away from the crowd. Because for sure there will be free loader, all your families and relatives will be at your doorsteps every day. And if you refuse to help, they will say that you are arrogant and because of money, you have change a lot.

On the other hand, if you give everyone, then what will be left of you? That's why it's better to just get out of that block and just disappear for good, just saying. Sometimes it is the curse of winning in lottery.

I've never gotten a big win from the lottery, only small wins I've ever gotten.

Maybe it's my fantasy that if I get a win from the lottery, then I will share some of the money with the people closest to me to family and friends and the rest is to add to the property and also buy what I want. Disappearing after a win for me is a terrible thing and to be able to enjoy it alone feels empty. No matter how much money you get from the lottery, the money is still running out, but family and friends are forever.

And when you walk away after getting a win then they know why you walked away. If later something happens to you that requires you to return to your previous residence, will they care about the bad incident that happened to you, I don't think so because you disappointed them earlier.

[piebeyb]

It's the same when people play gambling, for example betting to buy the lottery, surely he hasn't thought about how to use the big money wins from the lottery results, if he can be wise in gambling and betting he will definitely use his winning money wisely, the importance of learning early about business and build a business to monetize those wins.

Usually people who are good at managing their finances are also good at managing their gambling budgets and betting on the lottery, so they don't need to be taught of course they can manage their finances, if I win I will stop gambling and build a business looking for someone I can trust to hold the business which I will provide capital so that I can get income from the business rather than wasting money to buy things that are not needed and do not produce anything.

[Coin_trader]

But as they say, a kind person is often abused. Because of his kindness, many people came forward and borrowed money. Because he can't say no, he gives the help that is asked of him. And over the years these debts were not paid to him. This caused disappointment and regret in his heart. Although he has goodness in his heart and intentions that are good for others, And this caused him resentment and sadness towards those who did not keep their promises to him.

It’s not the debt that makes him poor again but he doesn’t plan to generat income and just use the money he won to sustain his daily expenses. I’m sure waste a lot of money on unnecessary things including the giveaway to his neighbor. This is the common behaviour of one day millionaire since they crave for attention and fine whule they already have the power to do that using his money.

The person in the story can start again by liquidating his assets that he first purchased using his money as you said that he bought a mansion and luxury car. He doesn’t need that anymore since he doesn’t have source of income to sustain that kind of life. He can use the money to start his old businesses again but this time he can make it much bigger since he already have capital. The apartment rent profit is not sufficient to bounce back again since that is just fixed income.