A person who won 600k$ in lottery

[LUCKMCFLY]

I think its rather a norm already that anyone who wins a lottery will end up spending the money unwisely, i mean this has been happening for decades now and the story never seems to end, I was reading a book one day, and in one of the pages, the author said that over 95 percent of those who win the lottery always end up in poverty, why?, he went further to explain that it is because they never plan for such money, that they might have a plan quite alright, but the chances of them not having a plan for such big money is one of the reasons why most of them end up going back to being poor, but then, this just one,..

Some people also believe that lottery monies are caused money, that the reason why most of the lottery winners end up being poor is more of a spiritual something than the physical, that it can only take someone who can see in the spiritual to know the real reason behind why lottery money never tend to stay in the hands of their winners, anyways, this is entirely a different discussion altogether, and i hope that one day, we will get to discuss this here.

No not anyone but maybe majority yes. It's normal to spend unwisely at first because the money that you win is huge and all of has their own dream stuffs to buy. After that, we can also pause and think to use the money wisely so that it will last long.

It's kinda creepy if they say that lottery money are cursed but at least, people already have fun even for a short period of time and they will never experience that if they haven't won the lottery. Many Chinese people are rich and they are also spiritual so I kind a agree on that part but I think many of them are not a gambler because they know the value of money and they know that they have a small chance to win on them.

As for a person earning so much money and then spending it recklessly and not having anything afterward, it is that person's fault, because it may be that a person who has never had a level of study earns it, but believes that a person who has never been educated thinks big, and also has more ideas to make money increase or multiply, and not necessarily thinking about putting it in an aisno, or trading, because both are very dangerous, one Such a person must think that they must increase that money and it is investment, there are many investment options cautiously, there is bitcoin, real estate, which are somewhat more tangible, there is the option of buying safe shares in the stock market, I I am referring to safe actions, such as Disney, Amazon, among other actions that we consider safe, but of course I am one of those who think that these actions are not completely safe, because at any moment the market can fall, it is like that, but at least have those ideas, another that if you don't want to make a lot of effort, you can invest in gold, be it physical or digital gold.

In this order of ideas, no person who has a large capital can invest it badly, as long as that person takes good care of his money and every day he studies more and is of a great culture and financial education, I am sure that if he do so, because you will have no problems is that your money is spent and that's it.

This type of thing is what Robert Kiyossaki always talks about, to manage you need to have a lot of intelligence, and if you have a high financial education, it is a great plus for the person because it is more clear that they can put their money and have it safer way without spending it just like that, this means that when a person earns a lot and goes crazy spending and buying whatever, the money will be consumed, and where will he get more from? If he did not make any investment, from anywhere, then this type of person spends and is worse off than before.

[Pamadar]

~snip~

It may also have something to do with the lack of perception some people have when comes to money and the meaningful of it. Let me elaborate:

In our daily life we manage certain amounts of money and we are well aware of what those amounts are supposed to mean. A hamburger can cost 5$, a bottle of water about 0,5$-2$, etc. But then we turn on the TV and we hear about governments doing investments and plans for 1 billion $ or we see on the news on your phones that Apple may sue another company for 20 billion $. We only hear those sums of money and we don't truly know what they represent.

With that mind set, someone who wins the lottery and becomes a millionaire is someone who does not know what their new money is capable of, they may think that they can buy anything they want and go into a spending spree, not realizing that a big house in a developed country may be worth a couple of millions by its own. So they spend and spend without realizing the true magnitude of their wealth, and before they even realize, they have to fill for bankruptcy.

Very true what you say. We will be surprised to see a lot of money in front of us and ready to be used to buy whatever we want. We become more heated in shopping and want to buy all the goods in the shop. But if they realize that it's a blessing for them to make their life better and not waste it buying things they don't need so, they can use the money will be used to improve their life. They have to realize this so that one day, when they can win the lottery, they can use their money well, change their life for the better, and prepare their family's future better too.

And that's also what we must apply if we can be the winner one day. We must have a good plan to use the money and not spend it shopping as we like.

Indeed, if you treat that as a blessing and use it the right way, you can invest the money in a good business or investment that will
allow that amount to grow more.

remember that saying to let your money work for you and not you to work for the money,
if you have that chance/opportunities to win big or to earn big, better not to waste that
opportunity and use it wisely to make more money to continue having a better life for you
and for your love ones.

[Lida93]

How pathetic for a good hearted individual who found himself in the midst of suckers.
From the story we can now understand why banks always ask for a collateral from individuals asking for loans from them irrespective of how popular and nice they may look, appearance doesn't pay debt but people with collateral does.

Being patriotic is a different matter from doing business. With business there's no emotions, and impersonality is a core value to staying official with your clients else you may become poor with business as same people you render loan to based on friendship are same people that will drag you around about how you were a bad manager of your money.

There's nothing wrong with being kind and philanthropic with your financial success but in doing that you have to act wisely so you don't turn out shooting yourself in the leg. No one will come to your rescue.

[maydna]

~snip~

Indeed, if you treat that as a blessing and use it the right way, you can invest the money in a good business or investment that will
allow that amount to grow more.

remember that saying to let your money work for you and not you to work for the money,
if you have that chance/opportunities to win big or to earn big, better not to waste that
opportunity and use it wisely to make more money to continue having a better life for you
and for your love ones.

Yes, I agree with the saying, and it is indeed money that should work for us and not us who work to earn money. But this understanding can only be understood by some, and only a few can understand and apply it. But if the people who can get those big wins can apply them, they can make money that will work for them. At the same time, the owner of the money will enjoy his life happily while watching the amount of money grow. With that money, we can get a better life than before. But we have to keep trying to make it happen because we can achieve it by having a good plan and starting every one of those plans.

[jostorres]

How pathetic for a good hearted individual who found himself in the midst of suckers.
From the story we can now understand why banks always ask for a collateral from individuals asking for loans from them irrespective of how popular and nice they may look, appearance doesn't pay debt but people with collateral does.

Being patriotic is a different matter from doing business. With business there's no emotions, and impersonality is a core value to staying official with your clients else you may become poor with business as same people you render loan to based on friendship are same people that will drag you around about how you were a bad manager of your money.

There's nothing wrong with being kind and philanthropic with your financial success but in doing that you have to act wisely so you don't turn out shooting yourself in the leg. No one will come to your rescue.

Good point at the end, no matter how helpful and kind you are to others, when you will get in trouble, no one will even ask you or be ready to assist you in your bad time, even the people that you were helping when you were doing great will start making excuses and avoid giving a helping hand even when you can clearly see that they are capable of doing it, that is how the world has become, full of selfish people, that is why it is important to prioritize yourself first.

Even if you have a good heart and you can't stop yourself from helping others no matter how good or bad they are with you, you should at least keep some of the resources aside for yourself that you can use when you are in need because you might not have anyone to help you when that happens.

[Slow death]

~snip~

Indeed, if you treat that as a blessing and use it the right way, you can invest the money in a good business or investment that will
allow that amount to grow more.

remember that saying to let your money work for you and not you to work for the money,
if you have that chance/opportunities to win big or to earn big, better not to waste that
opportunity and use it wisely to make more money to continue having a better life for you
and for your love ones.

Yes, I agree with the saying, and it is indeed money that should work for us and not us who work to earn money. But this understanding can only be understood by some, and only a few can understand and apply it. But if the people who can get those big wins can apply them, they can make money that will work for them. At the same time, the owner of the money will enjoy his life happily while watching the amount of money grow. With that money, we can get a better life than before. But we have to keep trying to make it happen because we can achieve it by having a good plan and starting every one of those plans.

the problem is that the people who buy lottery tickets are not investors, they are people who gamble, that is, they are gamblers. when these people earn a lot of money they don't have any business plan because it is difficult to do some business, and even if they did some business the chances of that same business would have to consume a lot of money and then go bankrupt and cause a lot of damage to the point of taking the person who made a lot of money in bankruptcy and a very high chance. So by that I mean it's so simple for someone to make a lot of money and go bankrupt. this is because, in addition to what I explained, and that when a person earns a lot of money, that person adopts a different lifestyle

for example, when this person was poor, this person used public transport, now that he has earned a lot of money, this person will buy his own luxury car and a luxury car has a high maintenance cost, it uses a lot of fuel. when he was poor this person had a small house, now that this person has earned a lot of money he buys a very large house in which the maintenance cost, the cost of electricity and the tax are very high so what will you see next is that the money he earned will be reduced every day, month and year and he will be poor sooner or later

but also as I said before, he could become poor if he invested money somewhere and lost, he could become poor if he did some business and went bankrupt. the point here is that it's not that easy to do business in real life, the market is very saturated, it's not easy.

[serjent05]

I think its rather a norm already that anyone who wins a lottery will end up spending the money unwisely, i mean this has been happening for decades now and the story never seems to end, I was reading a book one day, and in one of the pages, the author said that over 95 percent of those who win the lottery always end up in poverty, why?, he went further to explain that it is because they never plan for such money, that they might have a plan quite alright, but the chances of them not having a plan for such big money is one of the reasons why most of them end up going back to being poor, but then, this just one,..

Some people also believe that lottery monies are caused money, that the reason why most of the lottery winners end up being poor is more of a spiritual something than the physical, that it can only take someone who can see in the spiritual to know the real reason behind why lottery money never tend to stay in the hands of their winners, anyways, this is entirely a different discussion altogether, and i hope that one day, we will get to discuss this here.

No not anyone but maybe majority yes. It's normal to spend unwisely at first because the money that you win is huge and all of has their own dream stuffs to buy. After that, we can also pause and think to use the money wisely so that it will last long.

The problem is that those winners don't have any idea and are often exploited by other people.  The naivety of these winners and the lack of knowledge about financial management makes them lost them all.

It's kinda creepy if they say that lottery money are cursed but at least, people already have fun even for a short period of time and they will never experience that if they haven't won the lottery. Many Chinese people are rich and they are also spiritual so I kind a agree on that part but I think many of them are not a gambler because they know the value of money and they know that they have a small chance to win on them.

This is just an excuse for those winners who failed to take care of their huge winnings.  It should not be a curse if they know how to handle their winnings and know how to manage their finances.  These people who failed to make use of their winning intelligently are not ready to have such a huge amount.  They got emotionally shocked and at the same time boastful about the event making them forget that money is not unlimited while spending it on different luxurious things.  In the end, due to their incapability, they lost all their winnings.

[stomachgrowls]

How pathetic for a good hearted individual who found himself in the midst of suckers.
From the story we can now understand why banks always ask for a collateral from individuals asking for loans from them irrespective of how popular and nice they may look, appearance doesn't pay debt but people with collateral does.

Being patriotic is a different matter from doing business. With business there's no emotions, and impersonality is a core value to staying official with your clients else you may become poor with business as same people you render loan to based on friendship are same people that will drag you around about how you were a bad manager of your money.

There's nothing wrong with being kind and philanthropic with your financial success but in doing that you have to act wisely so you don't turn out shooting yourself in the leg. No one will come to your rescue.

Good point at the end, no matter how helpful and kind you are to others, when you will get in trouble, no one will even ask you or be ready to assist you in your bad time, even the people that you were helping when you were doing great will start making excuses and avoid giving a helping hand even when you can clearly see that they are capable of doing it, that is how the world has become, full of selfish people, that is why it is important to prioritize yourself first.

Even if you have a good heart and you can't stop yourself from helping others no matter how good or bad they are with you, you should at least keep some of the resources aside for yourself that you can use when you are in need because you might not have anyone to help you when that happens.

Always draw that borderline if you dont really like for things to happen specially on the time that you are on the difficult situation on which you would really be expecting something help into those people who you have helped out on which its true that on the time that you would be seeking out for some support then those people would really be just avoiding you and making up some alibis or excuses on which this is something that very common type of people that we do have in this world. This is why its really that always been that recommendable that you should be setting out those limitations and be mindful on what you should really be doing.

Going back into the situation about winning up something on lottery then it could really be lifechanging. Some people wont really be bothering about fund management and buying all sorts of things that they do have
in mind and this is where usually those people who do really end up on being poor again on the time that those winning amounts would deplete out.This is why it would really be crucial that you should really be
wise on making decisions and its better on thinking for long term rather than on temporary.

[borovichok]

Winning is the ultimate targets of every gambler who seeks to be successful in the gambling space. They scout out enough time to make good analysis concerning their gambling activities, because it's broad and a gambler concentrate on certain sectors. A person who won a whooping sum of $600k profits from lottery, that's exactly how lucks works. That rarely happen these present days because the lottery is fixed by the sponsors and basically not according the gamblers prediction. We take responsibilities for whatever outcomes that comes, it's barely a month and I've made some significant profits from gambling on football games, I don't focused on lotteries because it's not my thing and I've strong feeling that it's extreme difficult, highly based on guessing and hope.

[Silberman]

Yes, I agree with the saying, and it is indeed money that should work for us and not us who work to earn money. But this understanding can only be understood by some, and only a few can understand and apply it. But if the people who can get those big wins can apply them, they can make money that will work for them. At the same time, the owner of the money will enjoy his life happily while watching the amount of money grow. With that money, we can get a better life than before. But we have to keep trying to make it happen because we can achieve it by having a good plan and starting every one of those plans.

Very few gamblers can do this, and if anything it would not surprise me that someone which won so much money thought they could earn even more if they kept gambling, and this is because even if that is an amount big enough to sustain someone for the rest of their lives if they are living in a country that is still in development, since they do not know how much effort is needed to actually earn so much money, it is easy for them to lose it as fast as they won it.

[Reatim]

~snip~

Indeed, if you treat that as a blessing and use it the right way, you can invest the money in a good business or investment that will
allow that amount to grow more.

remember that saying to let your money work for you and not you to work for the money,
if you have that chance/opportunities to win big or to earn big, better not to waste that
opportunity and use it wisely to make more money to continue having a better life for you
and for your love ones.

Yes, I agree with the saying, and it is indeed money that should work for us and not us who work to earn money.

you missed interpret  what he said , it is not about us not to work to earn money because we cannot have money if we do nothing and just wait for this to come in our hands , what he said is never let money work for us .

But this understanding can only be understood by some, and only a few can understand and apply it. But if the people who can get those big wins can apply them, they can make money that will work for them.

of course. those who understand this will only apply and never expect those who did not.

At the same time, the owner of the money will enjoy his life happily while watching the amount of money grow. With that money, we can get a better life than before. But we have to keep trying to make it happen because we can achieve it by having a good plan and starting every one of those plans.

having not just a plan , but motivation and pursuing , nothing comes free we all have to work for it

[zuzie]

It's really cool for someone to win 600k in the lottery so all you have to do for that person is shut up, don't tell anyone but your family, use the money for your daily needs and maybe we can invest some for the future. . need.
On the other hand, gambling is risking the money we have, both big and small, which we will bet because basically someone will never be satisfied with winning just once, maybe he will continue to gamble, so of course we have to be careful. wise in managing our own money.

[Betwrong]

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.~

I say, it's good he bought the apartment and other stuff right away. Buying lottery tickets for 10 years, finally winning $600k, and having nothing from that? Luckily, it didn't happen to him. As you said, "winning the lottery is no reason to lose financial self-discipline", and the guy didn't. I think he knew most of his debtors won't return anything, and made himself covered for this situation. A wise guy he is.

Overall in gambling we mainly deal with two problems: managing our balance while playing and distributing the won money in the case of winning. This guy did both things right. He never went bankrupt while playing lottery for 10 years and he wisely distributed his winnings.

[piebeyb]

It's really cool for someone to win 600k in the lottery so all you have to do for that person is shut up, don't tell anyone but your family, use the money for your daily needs and maybe we can invest some for the future. . need.
On the other hand, gambling is risking the money we have, both big and small, which we will bet because basically someone will never be satisfied with winning just once, maybe he will continue to gamble, so of course we have to be careful. wise in managing our own money.

Yes, it's a great gift, if we can't manage it, it's clear that the money will be used up for something useless, especially considering that if the money is not used for the right things, for example investing and only used to buy and splurge or to pay for life, it won't useful too, just waiting for the time for the money to run out. but if it is used properly, of course everything will be controlled besides there is money going out as well as money coming in, for example from investments.

I, if I were the one who won the lottery that big, I would definitely buy bitcoin for investment in the next one or two years where I believe that the price of bitcoin will increase sharply, so it's not wrong to save and buy it cheap now, if necessary I will pay someone to arrange and manage my finances so that not too much money runs out of something unnecessary.

[slapper]

Winning is the ultimate targets of every gambler who seeks to be successful in the gambling space. They scout out enough time to make good analysis concerning their gambling activities, because it's broad and a gambler concentrate on certain sectors. A person who won a whooping sum of $600k profits from lottery, that's exactly how lucks works. That rarely happen these present days because the lottery is fixed by the sponsors and basically not according the gamblers prediction. We take responsibilities for whatever outcomes that comes, it's barely a month and I've made some significant profits from gambling on football games, I don't focused on lotteries because it's not my thing and I've strong feeling that it's extreme difficult, highly based on guessing and hope.

You've made "some significant profits" betting on football games, and that really impresses me. I'll clap my hands slowly for you. But the truth is, you're not special. And as for the lotto winner who scooped up a staggering $600k, it's a fool's paradise. Don't you understand? These procedures are created so that the casino wins! Every. Single. Time

Therefore, keep in mind this when you're busy congratulating yourself on your small victories: You're still complying with their rules. You'll be left perplexed when they decide to alter the game and wondering what went wrong

[maydna]

~snip~

the problem is that the people who buy lottery tickets are not investors, they are people who gamble, that is, they are gamblers. when these people earn a lot of money they don't have any business plan because it is difficult to do some business, and even if they did some business the chances of that same business would have to consume a lot of money and then go bankrupt and cause a lot of damage to the point of taking the person who made a lot of money in bankruptcy and a very high chance. So by that I mean it's so simple for someone to make a lot of money and go bankrupt. this is because, in addition to what I explained, and that when a person earns a lot of money, that person adopts a different lifestyle

for example, when this person was poor, this person used public transport, now that he has earned a lot of money, this person will buy his own luxury car and a luxury car has a high maintenance cost, it uses a lot of fuel. when he was poor this person had a small house, now that this person has earned a lot of money he buys a very large house in which the maintenance cost, the cost of electricity and the tax are very high so what will you see next is that the money he earned will be reduced every day, month and year and he will be poor sooner or later

but also as I said before, he could become poor if he invested money somewhere and lost, he could become poor if he did some business and went bankrupt. the point here is that it's not that easy to do business in real life, the market is very saturated, it's not easy.

They are not investors, and they buy lottery tickets only because of the desire and hope to win the jackpot as the main prize of the lottery ticket. But some can make money doing something like work, so they can allocate some money to buy lottery tickets regularly. And from there, they hope to win the lottery jackpot and keep buying lottery tickets until they win.

And when they win, they may change their lifestyle according to the money they get from the lottery ticket jackpot. But if that person can be wise by using his money well, he will not change his lifestyle just because he has succeeded in becoming a winner, but he will stick with a simple lifestyle and use his money for future needs. He will only take some money for his daily needs and nothing more, and he probably won't gamble anymore either because, with that money, he wants to have something that can make more money. Thus, that person can use the winning money well and not buy lottery tickets again.

And if he can't use his winnings well, he's bound to lose money fast without being able to allocate his money properly. He would only regret it losing the money.

~snip~

Very few gamblers can do this, and if anything it would not surprise me that someone which won so much money thought they could earn even more if they kept gambling, and this is because even if that is an amount big enough to sustain someone for the rest of their lives if they are living in a country that is still in development, since they do not know how much effort is needed to actually earn so much money, it is easy for them to lose it as fast as they won it.

They will find it difficult to win if they continue to gamble because their luck may have left them. He had to realize that when he could win a lot, he should have immediately withdrawn the money and left the casino a few days later. And with that big winning money, he can live his life without flaws and prepare well for his future. They might appreciate their life more by making all kinds of preparations for their future rather than gambling. They want to be a winner again because they realize it must be difficult.

~snip~

Indeed, if you treat that as a blessing and use it the right way, you can invest the money in a good business or investment that will
allow that amount to grow more.

remember that saying to let your money work for you and not you to work for the money,
if you have that chance/opportunities to win big or to earn big, better not to waste that
opportunity and use it wisely to make more money to continue having a better life for you
and for your love ones.

Yes, I agree with the saying, and it is indeed money that should work for us and not us who work to earn money.

you missed interpret  what he said , it is not about us not to work to earn money because we cannot have money if we do nothing and just wait for this to come in our hands , what he said is never let money work for us .

Is that true? What you say is in line with what I said. Think about it. Money that works for us means that we have a source of income that can produce money for us without us having to work. The source of income is not a place to make money. You have to pay attention to how multi-millionaires with a source of income can make money for themselves while just relaxing and enjoying life.

If we do nothing and have no source of income, we cannot have money. We have to work to earn money. Meanwhile, he says, "let your money work for you and not you work for money." What do you think it means?

[Peanutswar]

Reason, why many people would like to try their risk with the lottery, is because of the large amount of prize pool, every time there's a person who win almost 320k$ just hitting the jackpot and if you got luck you can solo price or equally divided to all of the winners, there's some joke right here in my country unexpectedly the person manage to win the jackpot and another day there's another winner or it and after that week there's a winner again in the history of gambling of lottery here in my country its rarely seen there's a winner always manage to win the jackpot everyday and people doing some joke like the host itself makes an under the table transactions. To verify this no one knows just people keep doing fun in the facebook page.

[Reatim]

Is that true? What you say is in line with what I said. Think about it. Money that works for us means that we have a source of income that can produce money for us without us having to work. The source of income is not a place to make money. You have to pay attention to how multi-millionaires with a source of income can make money for themselves while just relaxing and enjoying life.

hahaha, you mean generating income without working ? that is a passive income and I believe that this is not how you meant in your definition or at least the grammar you used , but ok lets set aside that thing because we are coming off topic now.

If we do nothing and have no source of income, we cannot have money. We have to work to earn money. Meanwhile, he says, "let your money work for you and not you work for money." What do you think it means?

but you have just give the example above that we can generate money while sitting and relaxing?
like me I am making money while Holding my coins.

[maydna]

~snip~

hahaha, you mean generating income without working ? that is a passive income and I believe that this is not how you meant in your definition or at least the grammar you used , but ok lets set aside that thing because we are coming off topic now.

But anyway, I still dream of winning the lottery because I entered a lottery at a local shop near my neighborhood. There are various prizes such as cash, television, and so on. Perhaps I haven't been able to get the jackpot prize in the form of cash, but if I can get other prizes, I will accept it

But I sometimes also bet on the lottery by entrusting it to a friend I trust to buy it. So far, no results, and I can't imagine having to wait 10 years to win the jackpot.

~snip~

but you have just give the example above that we can generate money while sitting and relaxing?
like me I am making money while Holding my coins.

If you mean staking, I do that too. It was extra money for me

[Vaculin]

Winning is the ultimate targets of every gambler who seeks to be successful in the gambling space. They scout out enough time to make good analysis concerning their gambling activities, because it's broad and a gambler concentrate on certain sectors. A person who won a whooping sum of $600k profits from lottery, that's exactly how lucks works. That rarely happen these present days because the lottery is fixed by the sponsors and basically not according the gamblers prediction. We take responsibilities for whatever outcomes that comes, it's barely a month and I've made some significant profits from gambling on football games, I don't focused on lotteries because it's not my thing and I've strong feeling that it's extreme difficult, highly based on guessing and hope.

You've made "some significant profits" betting on football games, and that really impresses me. I'll clap my hands slowly for you. But the truth is, you're not special. And as for the lotto winner who scooped up a staggering $600k, it's a fool's paradise. Don't you understand? These procedures are created so that the casino wins! Every. Single. Time

Therefore, keep in mind this when you're busy congratulating yourself on your small victories: You're still complying with their rules. You'll be left perplexed when they decide to alter the game and wondering what went wrong

Your a little bit harsh on him mate, cut him some him slack, would ya?
You know, he still deserves that victory no matter how big or small that was because he took a risk for it. But on the other side, or should I say dark side, I completely agree with you because that is how the reality works and the world will not stop for you just to congratulate you on what have done because the thing is, nobody really cares about it and they never will.