A person who won 600k$ in lottery

[Yaunfitda]

It's better to invest the money that you have won in a lottery, instead of giving it away to friends and relatives. And as you have said, health is also very important so even if you have all the money in the world if you are not suffering, then you can't bring the money you have when you die.

So everything should be in the balance, yeah, help a few but then you should also focus on how you can maintain that money you have. Because if you used everything, then it matter of years, it will be gone and you will just regret that you should at least save some in the future.

[retreat]

And because of that a gambler needs good financial knowledge and wisdom to be able to manage the money they get from their bets. Because when someone does not have financial knowledge and wisdom, they tend to use their money for something that is not important, such as buying property, vehicles, etc. Even though with that much money he can use it for investments which will be able to provide him with passive income and maybe multiply his money and make him richer.

[xSkylarx]

And because of that a gambler needs good financial knowledge and wisdom to be able to manage the money they get from their bets. Because when someone does not have financial knowledge and wisdom, they tend to use their money for something that is not important, such as buying property, vehicles, etc. Even though with that much money he can use it for investments which will be able to provide him with passive income and maybe multiply his money and make him richer.

I hope he can do those things and not just get blinded by partying and giving tips to others, which is mostly what happened to those lottery winners, who thought that their money was unlimited, which is why they kept giving money. I do really hope that he will manage their investments and properties well, as well as their dreams. I am also dreaming of winning it, but again, I rarely do the lottery.

[coin-investor]

This is not an isolated case, in fact, many lottery winners suffer from overspending because they think that they have all the money in the world, they never audit, and they buy things that they dream of buying when they don't have money, they become generous to all people even to those they met after they won and they easily believe.

If they are not educated to handle their finances they will be in trouble, They don't want to make an audit all they know is they have to enjoy their money because it's a blessing for them and they should share this blessing with others.

[_act_]

And because of that a gambler needs good financial knowledge and wisdom to be able to manage the money they get from their bets. Because when someone does not have financial knowledge and wisdom, they tend to use their money for something that is not important, such as buying property, vehicles, etc. Even though with that much money he can use it for investments which will be able to provide him with passive income and maybe multiply his money and make him richer.

Buying property is good. One of the things he can buy is property. I mean properties like land, house and some other ones. Investment is also good.

He won $600000. Why also not buy car? If it is me, I will buy car. Car of $5000 is enough for me and I will use the 90% for business.

I will give to people, but wisely and it would be from the profit of my investment. I will try my best but I can not satisfy human beings the way they want. I am not Santa Claus. The people that will like me will like me.

[inthelongrun]

From what I heard, it is different when we have huge money that we didn't expect. $600k is not that big especially when officials and politicians will exploit the winner. The lack of financial education made that person helpless because his mindset would be too different.

There was a time in my life wherein I imagined myself winning more than $10 million in our local lottery. I even put it in Excel on my office's computer on how I will spend it. Charity, family, relatives, businesses, real estate, and cars. It somehow motivated me, yet when my crypto investments last 2017 grow big, I was kind of lost and didn't remember the previous learnings I had. The market fell big time in the next couple of years wherein I was forced to sell 99% of my holdings at the cheapest levels fearing that it may turn worse.

[Solosanz]

If the person know about money management, he will use that money to develop his skill, creating a business and invest the rest of the money. Most of people always complaint they're not have any privilege unlike other people who have rich parent, but the reality is they don't know what to do when they get a lot money. This is why poor people always become poor due to their poor mindset.

[lovesmayfamilis]

It is strange that in this story there was not a word about Bitcoin or crypto, based on the direction of our forum.
But they also say that wealth does not happen for everyone; for some, it is too much of a burden, which people, unconsciously, try to get rid of. What was the guy like before receiving his prize? What kind of life did he live? He probably got used to it, and after the loss or the complete waste, he was not particularly upset.
People who do not know how to systematically use their money will always experience a "roller coaster" of losing and gaining.
Without competent handling of money, saving it, and even having large amounts of money available, remaining successful is a rather difficult task.

[FatFork]

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.

Of course, securing your financial future with such a score is a smart move. However, such an amount doesn't hold the same value everywhere in the world. Depending on your location, it might not be enough for even one decent property, let alone several for future investments. If I were the lucky winner of $600k in the lottery, I'd probably use some of it to fix up the property I currently own and invest the rest in my own business to ensure a stable financial future.

[Bananington]

Well, the story happens to be just like every other story we read or witness in our locale.
It's good he did help all those he could when he came into such wealth. Perhaps, that was the reason why his luck struck big in the lottery he patiently gave attention to for 10 good years. That's a decade.  Am sure many of us here would not be as nice as that because we have been dealt several fates like falling victims to online scams or fraudsters or Ponzi schemes or even from the immediate place of business.
It was wise to have invested in real estate and am sure that it is because he is a content person that's why he had the discipline too to trust others to help him manage his property when he needed help.  At least he can never be poor!

[Casdinyard]

I do not know if this is fictitious or not but at the end of the day it paints a true story among lottery winners or basically people who got their money through unconventional means. They fail to consider the fact that the money they got is not from a consistent income stream, they get blindsided by the huge amount of money that's in front of them, and eventually they lose it all out cause they focused more on spending it rather than making the money work for them. It's great that at the very least he had a few properties left to his name that helped him get back up on his feet, that's more than what regular lottery winners could ever wish to have especially those that didn't really think into saving their money in the long run.

[molsewid]

If I am going to win someday, I will make sure to handle it properly. The thing is he gets the money that fast that's why he can also lose it very easy as well. If I am him, I will hire someone some financial manager to help me manage my money so that I can make it grown as the same time I can also gamble without feeling that I am about to lose it all because of addiction.

[iv4n]

If you wish to win you need to have a ticket... Except for freebitcoin Daily and lambo lottery, I am not playing other lotteries. So I can't hope for some big lottery win, but it would be amazing if I hit max payout with some higher bet on some slot. But that happens so rarely.

All of us who gamble dream about some crazy big win, but... but... we need to be real here. Big wins happen, but not so often, and for sure not for every one of us.

[Westinhome]

It's better to invest the money that you have won in a lottery, instead of giving it away to friends and relatives. And as you have said, health is also very important so even if you have all the money in the world if you are not suffering, then you can't bring the money you have when you die.

So everything should be in the balance, yeah, help a few but then you should also focus on how you can maintain that money you have. Because if you used everything, then it matter of years, it will be gone and you will just regret that you should at least save some in the future.

Investing in crypto currency and stocks is better option,because many lottery winner have the habit of reinvest the entire winning amount into the Lottery again.Some of your friends and relative will get loan from you and try to scam at the end.Most the friends and relative are waiting for the chance to scam the winning person.It's our brilliance to get away from such web after winning from the lottery.Money is the most important one which help at your old ages when you get ill at your old age.So try to save the money which you get by the lottery win.

[Stepstowealth]

He also did not invest or plan properly for his future.

Quick money can go quickly, as quickly as it comes. It is difficult to plan for unexpected money that seems big, if you have not been exposed to that kind of money before, you can act in a way to squander the money before you will be able to settle down and make plans to invest the money because money has a way of attracting expenses. From the story, the man made a mistake to try to help everybody before he was strong enough to be able to do so. If he had made investment the first and most important choice, he will be at a position to help more people for a longer time than he did.

[kamvreto]

~snip~All of us who gamble dream about some crazy big win, but... but... we need to be real here. Big wins happen, but not so often, and for sure not for every one of us.

Only those who are lucky can get big wins. But look how many players are competing for big wins. there are very few chances to win big. Someone who won $600k would have used the profits for the rest of their life. Just bet a few dollars and he won a $600k lottery, it's unbelievable but it's true. It's very rare for players to get that big. I hope he can enjoy his big win and not put it all back into gambling.

[rahmad2nd]

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?

~snip~

There is nothing wrong with what this person is doing, in terms of kindness. that goodness comes from within and not from outside. ups and downs are commonplace in this life, yep, just like when we gamble. in fact, everything we do has consequences in this life. whether it's a beneficial consequence, or that brings risks that ultimately harm us ourselves.
this story is quite unique, someone bet lottery 10 years of his life. then won $600k in the lottery draw, long enough to realize his win. the question is how much money each time he buys a lottery ticket, is the reward he gets commensurate with the 10 years he has spent. I don't know if this character is real, or fictitious. I hope, though, that he spends only a few pennies of the earnings he earns on raffle tickets. 600k dollars is a pretty big one, if I convert it to my country's currency.

In fact, I can buy a luxury car and a very decent house according to my version. IMO, this thread tells more about someone's life story than the gambling itself. however, at least you have taken the time to write this which is quite long and I really appreciate it.
If, i won the lottery like this guy. it seems, I will also do the same thing as the man in the story. but unfortunately, I'm not really interested in betting on the lottery. also, I don't really like to speculate with victories that are only in imagination. So, most likely I don't know what to do if I get the jackpot from the lottery draw. in fact, I am not in that situation and condition.

[Cling18]

~snip~All of us who gamble dream about some crazy big win, but... but... we need to be real here. Big wins happen, but not so often, and for sure not for every one of us.

Only those who are lucky can get big wins. But look how many players are competing for big wins. there are very few chances to win big. Someone who won $600k would have used the profits for the rest of their life. Just bet a few dollars and he won a $600k lottery, it's unbelievable but it's true. It's very rare for players to get that big. I hope he can enjoy his big win and not put it all back into gambling.

Winning such a huge amount is one in a million chance and it rarely happens. It's hard to win that prize even if you got all the luck in the world so if ever you'll be given a chance, you have to be wise in spending because to be honest, no matter how big the prize that you might have, you could still lost everything in just a short time if you will not use the money wisely.
No matter how billions you may take, if you will allow everyone around you to abuse you and you will not manage your finances wisely, you will still end up losing everything.

[darkangel11]

I'm not a poor person, so winning 600k at this point wouldn't change my life by a lot. I could use the money, I'm not denying it, but it wouldn't be life changing and I could lose it all and still continue to live a normal life. That's the main difference between someone very poor winning a lottery and enjoying the feeling of finally having some money for the first time in their lives. Such people often buy items that allow them to show the world that they aren't a lower class of the society anymore. I don't need that. I'm not upper class, but I have all the things I need and some money saved up. If bitcoin goes where I expect it to go, I won't have to worry about anything ever again.

Let's say that I'm winning 600k tomorrow... I'd probably buy myself more bitcoin and spend some money on treats for family and friends. I'd waste 100k on partying and travels, buy bitcoin with 300k and gel an apartment for rent as a safe investment with 200k.

[Huppercase]

............................

I think the question should have been what will you do if you win jackpot from a lottery, I can deside to play lottery and win small amount of money, it is only when you win $600k as you describe one can ask on what to do with the money. It seems people are really making big future in lottery these days with the high volume of success story I've been reading for the past days, if I should have such amount according to my country valuation of Naira against dollar, I know that I have made it in life.

Asking opinions of others on what they will do depends on individuals, I have seen people make fortune from gambling only to stay lowkey as if they never made anything, there are quite some players build houses after making such kind of money and there are some that have also lost everything on the same lotter again after winning the first one. But my advice is that I will put into a good used as I have said such amount when converted to my local currency is a huge money with less tax.

In addition to my plan, I will set up a business that will be giving me a passive income daily so that I can have confidence of generating liquid money every 24 hours so that my eyes will not go to gambling, it will serve as a way to remove my attention from gambling and also establish another business that will bring huge money biweekly or monthly, anything that will remove my attention from gambling for that time will be my main focus and will make sure my plans are well excecuted to avoid any regrets.