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Author Topic: A person who won 600k$ in lottery  (Read 2133 times)
sompitonov
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August 27, 2023, 07:30:55 PM
 #201

<snip]
This can be compared to money in the stock market or the cryptocurrency market, when stocks, or rather altcoins, flew up and you earned a lot of money. So with such a profit, you must definitely take a large part for your life and spend it. It is to spend, because if you don't, then the money that you withdrawn, you can make a deposit again.
-
I honestly do not get what you were trying to say with this one. I cannot understand how does gambling (specifically lottery)is related or comparable to stock and crypto markets. I mean, yes, they both involve risks, however, I really cannot think of each characters that are alike.
Perhaps he is comparing money in the stock market or the crypto market where when we get profit, the profit can be like when we win in the lottery. But that's clearly different because when we play the lottery, there is money that is lost because we can't win, and we have to accept it even though there are still many people who will buy lottery tickets. It's because they still have the hope of winning one day.

Meanwhile, in the crypto market, they can get their profit back if they keep holding the coin while waiting for the market to reverse so that the coin's price will increase again.

But there is something in common between the two: if we cannot manage the winning money from gambling or profits from trading in the crypto market, we cannot change our lives for the better. We will use the money for things we don't really need.
I will write in more detail. I mean, on a low liquid altcoin, you can earn thousands of percent if it gets pumped in a short period of time, but also if you enter it at a bad time, you will lose more than 90%+. It resembles me a game of roulette, only you won't know the result immediately, but after a few days. I was lucky once in my life to earn thousands of % on such an altcoin, it is comparable to winning the jackpot. It is a pity that I didn't take this money, because then I lost 98% of them. You may not agree with me, and I'm not trying to convince you, but I see a slight similarity here for me.

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.HUGE.
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August 28, 2023, 05:39:49 AM
 #202

Therefore we must manage money as well as possible so that we are not exposed to things that are detrimental to ourselves, because it is not certain that in the future we will always win the lottery, agree with your opinion if I win. I will use part of the lottery to buy bitcoins for investment and if the price of bitcoins is high, I will sell them immediately. So someone will learn on their own to be able to manage their finances well and use them only for necessities.
You are right because by managing the winning money as well as possible, we can get the opportunity to realize our dream of starting a business or business that we want to build. And we can also invest like everyone else. If we are already familiar with bitcoin and want to have even bigger bitcoin investments, we can immediately buy it regularly because now we already have the money. And if I am the lottery ticket winner, I will also use half of the winning money to invest in bitcoin and use the rest for the necessities of life and preparation for my family's future.

We should have plans for our families, especially since we have won the lottery, which is a lot. And we no longer need to worry about the future because we can prepare for it by using that money. And with good planning, we can change our lives for the better.
The majority of those which win the lottery immediately think about spending that money and they never even consider investing part of it, which is a huge mistake as someone that invested half of that money in bitcoin will probably experiment greater profits than their lottery win if they were willing to hold those coins for a few years, and in a way this demonstrates how saving and becoming a good investor is a superior choice than simply relying on your luck, as a good investor given enough savings and enough time should be able to produce more money than that.
Everyone has different views and plans for life, indeed some people currently think that saving bitcoins in the long term will be more profitable in the future, and there are also those who think that investing directly, for example by buying gold, property or land, will more profitable in the future. After all, I think it's the same as saving, right? Yes, it's true that we shouldn't just depend on luck, because we don't know what will happen to us in the future.

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August 28, 2023, 08:50:14 AM
 #203

~snip~
I will write in more detail. I mean, on a low liquid altcoin, you can earn thousands of percent if it gets pumped in a short period of time, but also if you enter it at a bad time, you will lose more than 90%+. It resembles me a game of roulette, only you won't know the result immediately, but after a few days. I was lucky once in my life to earn thousands of % on such an altcoin, it is comparable to winning the jackpot. It is a pity that I didn't take this money, because then I lost 98% of them. You may not agree with me, and I'm not trying to convince you, but I see a slight similarity here for me.
I understand your point. Yes, that's how it is when we invest in altcoins, and we might find it difficult to find altcoins that can increase thousands of percent if pumped in a short time. And if anyone can get hold of a proper altcoin like that, they are truly a lucky person to make a fortune.

Well, back to the topic. Perhaps people who win the lottery by getting a lot of money should be able to use their money well to improve their lives. The lottery's huge amount of money is like a tool to change his life if he can really put his money to good use. But most people will be dazzled by the enormous amount of money that they don't think about their future. Instead of thinking about their future, they buy things that are only temporary and of no use for their future.
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August 28, 2023, 06:20:48 PM
 #204

~snip~
I will write in more detail. I mean, on a low liquid altcoin, you can earn thousands of percent if it gets pumped in a short period of time, but also if you enter it at a bad time, you will lose more than 90%+. It resembles me a game of roulette, only you won't know the result immediately, but after a few days. I was lucky once in my life to earn thousands of % on such an altcoin, it is comparable to winning the jackpot. It is a pity that I didn't take this money, because then I lost 98% of them. You may not agree with me, and I'm not trying to convince you, but I see a slight similarity here for me.
I understand your point. Yes, that's how it is when we invest in altcoins, and we might find it difficult to find altcoins that can increase thousands of percent if pumped in a short time. And if anyone can get hold of a proper altcoin like that, they are truly a lucky person to make a fortune.

Well, back to the topic. Perhaps people who win the lottery by getting a lot of money should be able to use their money well to improve their lives. The lottery's huge amount of money is like a tool to change his life if he can really put his money to good use. But most people will be dazzled by the enormous amount of money that they don't think about their future. Instead of thinking about their future, they buy things that are only temporary and of no use for their future.
I once watched a program about people who won the lottery. So the essence of this program was that the correspondents found people who won the jackpot after 10 years or more. The vast majority of these lucky ones in the past lived in poverty after this time.

They spent money only on liabilities: an expensive car (which by that time had broken down), real estate (when buying which they were deceived or they took a huge % for the services of realtors), a large number of new relatives and friends who were lent money (they didn't return), well, leftovers for a luxurious life and alcohol with expensive food.

All this happened because they didn't have basic knowledge of financial literacy. If they invested in assets and diversified their investments, they could live on % of these passive incomes until the end of their days, and they would also leave these assets to their children.

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.HUGE.
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August 29, 2023, 08:48:10 AM
 #205

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 ~
Another reason is the relatively small price for the ticket. Firstly, you can potentially win a lot, and secondly you are not risking much for that opportunity. Both are valid reasons, in my opinion. That's why Lottery is so attractive to many people: they want to have a hope to win a lot without risking a lot.
The second reason is probably the biggest reason why lotteries are so popular, even the poor or middle-class people tend to participate in lotteries because they have the hope that maybe one day their lives will be changed just because of one of these lotteries if they manage to hit a jackpot. This hope is what makes them keep buying tickets every time even after not winning anything for years because the probability of winning with a small amount of tickets is very low.

However, it's all about luck, I've seen people buying about 30% of the total tickets of a lottery and still not winning anything while a person with just 200 tickets wins the highest prize. So the probability doesn't really matter that much but it is all dependent on one's luck and destiny.

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maydna
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August 29, 2023, 04:16:29 PM
 #206

~snip~
I once watched a program about people who won the lottery. So the essence of this program was that the correspondents found people who won the jackpot after 10 years or more. The vast majority of these lucky ones in the past lived in poverty after this time.

They spent money only on liabilities: an expensive car (which by that time had broken down), real estate (when buying which they were deceived or they took a huge % for the services of realtors), a large number of new relatives and friends who were lent money (they didn't return), well, leftovers for a luxurious life and alcohol with expensive food.

All this happened because they didn't have basic knowledge of financial literacy. If they invested in assets and diversified their investments, they could live on % of these passive incomes until the end of their days, and they would also leave these assets to their children.
That's what will happen to people who can't use the winnings from the lottery even though the winnings must be huge and can change their lives in no time. But because they are too wasteful and concerned with lifestyle, they don't manage their finances properly and instead return to conditions like in the past.

It was very sad to see them unable to change their lives for the better even though they already had a lot of money at that time, so they should be able to better prepare for their future. We can learn this lesson so that if we win the lottery, we can use the money well and have a better future. Especially if we already have children because we want to see their lives be better than ours, we can do it with the winning money from the lottery.
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August 29, 2023, 04:25:01 PM
 #207

Therefore we must manage money as well as possible so that we are not exposed to things that are detrimental to ourselves, because it is not certain that in the future we will always win the lottery, agree with your opinion if I win. I will use part of the lottery to buy bitcoins for investment and if the price of bitcoins is high, I will sell them immediately. So someone will learn on their own to be able to manage their finances well and use them only for necessities.
You are right because by managing the winning money as well as possible, we can get the opportunity to realize our dream of starting a business or business that we want to build. And we can also invest like everyone else. If we are already familiar with bitcoin and want to have even bigger bitcoin investments, we can immediately buy it regularly because now we already have the money. And if I am the lottery ticket winner, I will also use half of the winning money to invest in bitcoin and use the rest for the necessities of life and preparation for my family's future.

We should have plans for our families, especially since we have won the lottery, which is a lot. And we no longer need to worry about the future because we can prepare for it by using that money. And with good planning, we can change our lives for the better.
The majority of those which win the lottery immediately think about spending that money and they never even consider investing part of it, which is a huge mistake as someone that invested half of that money in bitcoin will probably experiment greater profits than their lottery win if they were willing to hold those coins for a few years, and in a way this demonstrates how saving and becoming a good investor is a superior choice than simply relying on your luck, as a good investor given enough savings and enough time should be able to produce more money than that.
Everyone has different views and plans for life, indeed some people currently think that saving bitcoins in the long term will be more profitable in the future, and there are also those who think that investing directly, for example by buying gold, property or land, will more profitable in the future. After all, I think it's the same as saving, right? Yes, it's true that we shouldn't just depend on luck, because we don't know what will happen to us in the future.
We don't know what our life will be like in the future but we can guess it because the more we save for the future from now on the better our future will be.  But if we don't save for the future and just leave it to luck then luck alone will not make our future bright.  Yes it is true that luck can help us achieve great things but it is very little.  Because only luck can't make our future brighter without self-effort. And for investing, a good asset should be raised.  Gambling cannot be a good place for investment.  Gambling can only be a place of good fun


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August 29, 2023, 05:08:24 PM
Last edit: August 30, 2023, 03:17:17 AM by noormcs5
 #208

<snip]
This can be compared to money in the stock market or the cryptocurrency market, when stocks, or rather altcoins, flew up and you earned a lot of money. So with such a profit, you must definitely take a large part for your life and spend it. It is to spend, because if you don't, then the money that you withdrawn, you can make a deposit again.
-
I honestly do not get what you were trying to say with this one. I cannot understand how does gambling (specifically lottery)is related or comparable to stock and crypto markets. I mean, yes, they both involve risks, however, I really cannot think of each characters that are alike.
Perhaps he is comparing money in the stock market or the crypto market where when we get profit, the profit can be like when we win in the lottery. But that's clearly different because when we play the lottery, there is money that is lost because we can't win, and we have to accept it even though there are still many people who will buy lottery tickets. It's because they still have the hope of winning one day.

Meanwhile, in the crypto market, they can get their profit back if they keep holding the coin while waiting for the market to reverse so that the coin's price will increase again.

But there is something in common between the two: if we cannot manage the winning money from gambling or profits from trading in the crypto market, we cannot change our lives for the better. We will use the money for things we don't really need.

Well, people who win big money unexpectedly, they usually become greedy and will try to invest in other things like trading or perhaps going more gambling and may lose all the money. The best thing is to keep the money saved for some time and not further risk it.

Yes, you can fulfil your desires, and spend on eating, and outing but do not invest in risky markets. Better they should get some information from their close family and friends and then make wise decisions. Remember it does not take long to lose all the lottery money if we make the wrong decision and re-invest our money in the wrong places.


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August 29, 2023, 05:42:49 PM
 #209

<snip]
This can be compared to money in the stock market or the cryptocurrency market, when stocks, or rather altcoins, flew up and you earned a lot of money. So with such a profit, you must definitely take a large part for your life and spend it. It is to spend, because if you don't, then the money that you withdrawn, you can make a deposit again.
-
I honestly do not get what you were trying to say with this one. I cannot understand how does gambling (specifically lottery)is related or comparable to stock and crypto markets. I mean, yes, they both involve risks, however, I really cannot think of each characters that are alike.
Perhaps he is comparing money in the stock market or the crypto market where when we get profit, the profit can be like when we win in the lottery. But that's clearly different because when we play the lottery, there is money that is lost because we can't win, and we have to accept it even though there are still many people who will buy lottery tickets. It's because they still have the hope of winning one day.

Meanwhile, in the crypto market, they can get their profit back if they keep holding the coin while waiting for the market to reverse so that the coin's price will increase again.

But there is something in common between the two: if we cannot manage the winning money from gambling or profits from trading in the crypto market, we cannot change our lives for the better. We will use the money for things we don't really need.

Well, people who win big money unexpectedly, they usually become greedy and will try to invest in other things like trading or perhaps going more gambling and may lose all the money. The best thing is to keep the money saved for some time and not further risk it.

Yes, you can fulfil your desires, and spend on eating, and outing but do not invest in risky markets. Better they should get some information from their close family and friends and then make wise decisions. Remember it does not take long to lose all the lottery money if we make the wrong decision and re-invest our money in the wrong places.
Tons of lottery winners do spend out all of their money and nothing left in no time and ending up on regretting in the end just because of that mismanagement which is really that always the main reason on why people do really suffer out that kind of spending and ending up being poor again because of having that kind of impulsive feeling when it comes to spending. We do know that it isnt really that something we can deny that people or
winners are really that impulsive when it comes to dealing up with money specially if it do came from on the most easiest way which on gambling without even trying to think that hitting those jackpots arent
really that something that you could really be able to do so or really that on rare chances. You should come up with a plan on how you would be diversifying out such amount for you to be able to make some investment
and business knowing that amounts arent really that something small and it would be worth if you do set out plans which you know that those money wont really be put up into waste or becoming useless just because
you have decided on making it use all of it once back into the gambling house or betting or making on the same behavior on which chasing up for more winning but ended up miserably.

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August 29, 2023, 07:01:22 PM
 #210

Tons of lottery winners do spend out all of their money and nothing left in no time and ending up on regretting in the end just because of that mismanagement which is really that always the main reason on why people do really suffer out that kind of spending and ending up being poor again because of having that kind of impulsive feeling when it comes to spending. We do know that it isnt really that something we can deny that people or
winners are really that impulsive when it comes to dealing up with money specially if it do came from on the most easiest way which on gambling without even trying to think that hitting those jackpots arent
really that something that you could really be able to do so or really that on rare chances. You should come up with a plan on how you would be diversifying out such amount for you to be able to make some investment
and business knowing that amounts arent really that something small and it would be worth if you do set out plans which you know that those money wont really be put up into waste or becoming useless just because
you have decided on making it use all of it once back into the gambling house or betting or making on the same behavior on which chasing up for more winning but ended up miserably.
Mismanagement is something common when it comes to people who win the lottery and spend their money on nothing, I mean they're just spending it in literally bullshit. Like one could carefully consider how to use that money productively but most of them, they don't. To be honest there are many good ways to invest such earnings in projects or even in Bitcoin, rather than spending it in some stuffs that won't give you a good advantage in life.

Perhaps due to the way of easy money, gamblers tend to make impulsive purchases without thoughtful planning on how to use the funds. Consequently, they end up spending it all on items that add no real value to their lives.
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August 29, 2023, 07:16:01 PM
 #211

Tons of lottery winners do spend out all of their money and nothing left in no time and ending up on regretting in the end just because of that mismanagement which is really that always the main reason on why people do really suffer out that kind of spending and ending up being poor again because of having that kind of impulsive feeling when it comes to spending. We do know that it isnt really that something we can deny that people or
winners are really that impulsive when it comes to dealing up with money specially if it do came from on the most easiest way which on gambling without even trying to think that hitting those jackpots arent
really that something that you could really be able to do so or really that on rare chances. You should come up with a plan on how you would be diversifying out such amount for you to be able to make some investment
and business knowing that amounts arent really that something small and it would be worth if you do set out plans which you know that those money wont really be put up into waste or becoming useless just because
you have decided on making it use all of it once back into the gambling house or betting or making on the same behavior on which chasing up for more winning but ended up miserably.
Mismanagement is something common when it comes to people who win the lottery and spend their money on nothing, I mean they're just spending it in literally bullshit. Like one could carefully consider how to use that money productively but most of them, they don't. To be honest there are many good ways to invest such earnings in projects or even in Bitcoin, rather than spending it in some stuffs that won't give you a good advantage in life.

Perhaps due to the way of easy money, gamblers tend to make impulsive purchases without thoughtful planning on how to use the funds. Consequently, they end up spending it all on items that add no real value to their lives.
I have stated this one time I believe on the same thread, though I don't know about other people, but I personally believe that the way lottery winners spend their money recklessly is due to more of a spiritual reasons than physical, I say this because with an amount as high as $600,000, I don't think the person who won this amount of money can or should ever be poor again, but we discover that the person end up using this morning on irrelevant things, spending it recklessly on useless things, things without value,  such a person is not operating in their normal senses but under the influence of some demonic powers, so whether people believe it or not, this will always be my stand on the issue of why lottery winners tend not to use the money well, there are more to the things the eyes cannot see than the things the eyes can see.

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August 29, 2023, 08:31:58 PM
 #212

Well, people who win big money unexpectedly, they usually become greedy and will try to invest in other things like trading or perhaps going more gambling and may lose all the money. The best thing is to keep the money saved for some time and not further risk it.

Yes, you can fulfil your desires, and spend on eating, and outing but do not invest in risky markets. Better they should get some information from their close family and friends and then make wise decisions. Remember it does not take long to lose all the lottery money if we make the wrong decision and re-invest our money in the wrong places.

Not necessarily, but most of the cases that occur to someone who earns fast money accidentally. usually they will act recklessly, although not always have to. however most of the cases it does, as told by the OP in this thread. This man has been gambling for 10 years, then suddenly he got something shocking by winning the lottery. in this phase, we will experience a kind of syndromic to spend it on something that is actually not an urgency. In most cases, we will be carried away with the results we have obtained and may end up spending half the winnings we got. some others, don't know how to manage the money from the lottery results. because of the limitations of experience, insight, as well as intellectuality, gradually the winning money will disappear by itself. and this is a common problem, because they don't have a plan in their life.

As for the other version as you said, maybe greed will bring us back to gambling. whether it's lotteries, casino games and all kinds. but if someone who wins this lottery has intelligence in terms of thinking, he will try to find solutions to take advantage of the money he has won from the lottery. could be on investment, buying a house, or trying to expand into other businesses. the point is, it all goes back to how we process it. if we are smart to process it, the money can be very useful. if on the contrary, then that person will return to his original life.

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August 29, 2023, 08:46:27 PM
 #213


Mismanagement is something common when it comes to people who win the lottery and spend their money on nothing, I mean they're just spending it in literally bullshit. Like one could carefully consider how to use that money productively but most of them, they don't. To be honest there are many good ways to invest such earnings in projects or even in Bitcoin, rather than spending it in some stuffs that won't give you a good advantage in life.

Perhaps due to the way of easy money, gamblers tend to make impulsive purchases without thoughtful planning on how to use the funds. Consequently, they end up spending it all on items that add no real value to their lives.

And it is already too late when they realized they have done such purchases that are unnecessary.
They are enjoying the moment of their winnings, but very few are looking forward for the future.
Hence, they tend to have lavish lifestyle rather than plan for long-term survival.
Such winning amount was usually their dream to change their life, however, once they got it, they forgot what they need
to do in order to really change their path. Maybe a gambler will always be a gambler.
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August 30, 2023, 01:48:17 AM
Last edit: September 03, 2023, 12:20:06 AM by zuzie
 #214


Everyone has different views and plans for life, indeed some people currently think that saving bitcoins in the long term will be more profitable in the future, and there are also those who think that investing directly, for example by buying gold, property or land, will more profitable in the future. After all, I think it's the same as saving, right? Yes, it's true that we shouldn't just depend on luck, because we don't know what will happen to us in the future.
We don't know what our life will be like in the future but we can guess it because the more we save for the future from now on the better our future will be.  But if we don't save for the future and just leave it to luck then luck alone will not make our future bright.  Yes it is true that luck can help us achieve great things but it is very little.  Because only luck can't make our future brighter without self-effort. And for investing, a good asset should be raised.  Gambling cannot be a good place for investment.  Gambling can only be a place of good fun
It's true, we have to start saving for the long term and everyone's needs will increase and if we already have enough savings then in the future it will be good for ourselves. And if one day we play gambling and get a big loss, of course we won't be stressed and confused about it. It's true that the best investment is real assets, but some people choose to invest in bitcoin because one day the bitcoin price is high and then sell it immediately. And I agree with you that gambling is just for fun.

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August 30, 2023, 03:04:05 AM
 #215


Mismanagement is something common when it comes to people who win the lottery and spend their money on nothing, I mean they're just spending it in literally bullshit. Like one could carefully consider how to use that money productively but most of them, they don't. To be honest there are many good ways to invest such earnings in projects or even in Bitcoin, rather than spending it in some stuffs that won't give you a good advantage in life.

Perhaps due to the way of easy money, gamblers tend to make impulsive purchases without thoughtful planning on how to use the funds. Consequently, they end up spending it all on items that add no real value to their lives.

And it is already too late when they realized they have done such purchases that are unnecessary.
They are enjoying the moment of their winnings, but very few are looking forward for the future.
Hence, they tend to have lavish lifestyle rather than plan for long-term survival.
Such winning amount was usually their dream to change their life, however, once they got it, they forgot what they need
to do in order to really change their path. Maybe a gambler will always be a gambler.
the moral lesson here is that , We must understand that Luck mostly Knocks once ,so if ever that we gather that wins then best to forget our winning and live with simple but long life.
never believe that this is forever because money can be gone in glimpse of an eye, in which many of us are already experienced ,  maybe not in gambling but in real life.
i once earned best and better weekly salary but I abused that opportunity and now? back to normal payments.
let us see how much importance of that winning because it is once in a million chance mate.









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August 30, 2023, 12:54:07 PM
 #216

~snip~
Well, people who win big money unexpectedly, they usually become greedy and will try to invest in other things like trading or perhaps going more gambling and may lose all the money. The best thing is to keep the money saved for some time and not further risk it.

Yes, you can fulfil your desires, and spend on eating, and outing but do not invest in risky markets. Better they should get some information from their close family and friends and then make wise decisions. Remember it does not take long to lose all the lottery money if we make the wrong decision and re-invest our money in the wrong places.


Greed will come to those who still want to double their money and are not satisfied with getting a lot of money. But if they have a good plan for managing their money, they will not lose their money in vain because they can control where they can use the money. There are even people who can do a business where the business can provide more profit so they can see a change in their life. But if they don't have any planning, they can save their money for their future and only use enough money for their daily needs.

They can use their money however they want, but they must also remember that they still have a long future, especially if they already have children. Of course, they want their children to have a better life than their parents. For this reason, those who win the lottery and can earn a lot of money must be able to manage their money, especially for their family and their children's future.
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August 30, 2023, 08:50:03 PM
 #217

the moral lesson here is that , We must understand that Luck mostly Knocks once ,so if ever that we gather that wins then best to forget our winning and live with simple but long life.
never believe that this is forever because money can be gone in glimpse of an eye, in which many of us are already experienced ,  maybe not in gambling but in real life.
i once earned best and better weekly salary but I abused that opportunity and now? back to normal payments.
let us see how much importance of that winning because it is once in a million chance mate.
I think "mostly" and "once" are contradictory to each other, but maybe it depends on the opportunity that is involved. If let say it's about winning a major prize in a standard lottery game, then it may only knock once, since we know that the odds here are crazily high. While if it's about another game and we only want to win a normal prize, luck can knock many times there as long as you play often.

Big wins are hard to forget, but I think we are forced to do it if we spend the money recklessly in unnecessary things and then we end up with nothing later on. I still believe that money ( even if it's small ) won't ran out quickly as long as you know how to budget it.
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August 30, 2023, 08:55:26 PM
 #218

the moral lesson here is that , We must understand that Luck mostly Knocks once ,so if ever that we gather that wins then best to forget our winning and live with simple but long life.
never believe that this is forever because money can be gone in glimpse of an eye, in which many of us are already experienced ,  maybe not in gambling but in real life.
i once earned best and better weekly salary but I abused that opportunity and now? back to normal payments.
let us see how much importance of that winning because it is once in a million chance mate.
I think "mostly" and "once" are contradictory to each other, but maybe it depends on the opportunity that is involved. If let say it's about winning a major prize in a standard lottery game, then it may only knock once, since we know that the odds here are crazily high. While if it's about another game and we only want to win a normal prize, luck can knock many times there as long as you play often.

Big wins are hard to forget, but I think we are forced to do it if we spend the money recklessly in unnecessary things and then we end up with nothing later on. I still believe that money ( even if it's small ) won't ran out quickly as long as you know how to budget it.
Money management would be always the key but it would really be entirely be depending on how you would really gonna treat this right since there are people who dont really mind on their spendings considering that they
had acquired or able to get that money via gambling which we know that we would really be instilling in our minds that winning again would really be just that possible and this what motivates you on playing even more because you do really believe on something which could really happen. Its true that if we do speak about lottery which once in a lifetime kind of opportunity on hitting up these amounts then it would really be just that right that you should really be needing that kind of act or be mindful on how you should gonna spend those amounts on a right way or something that worthy but if not then you would really be just basically be ending up on spending all of those amounts back into gambling and this is where later regrets do happen just because you cant really just believe that all of those money gone in a short time period and this is where you would be thinking about investment and businesses kind of act but its already too late.

R


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August 30, 2023, 09:02:42 PM
 #219

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.

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.

As I've grown older and hopefully more wiser (or perhaps it's just cynical?), the advice that I've seen that you should not share a lottery win with friends or family looks increasingly more sensible. However it really depends on your own family situation, if you have a small and close knit family - plus win enough that you can be generous towards others without it affecting your own future, then by all means tell a few people who you may want to treat along the way. However if you win a relatively small amount and have no plans to share, it's probably better not to announce it as you'll only breed animosity. Now $600k is fair chunk of change but in some places like New York or London it wouldn't actually stretch that far in terms of buying property. However in India it's likely a revolutionary amount.

R


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August 30, 2023, 09:20:33 PM
 #220

At least here in the United States, big time lotto winners going broke is a tale as old as time. The majority of people who tend to win these lotteries aren't financially savvy individuals (typically why they are wasting money on cheap lotto tickets in the first place instead of putting their money on shitcoins or penny stocks, for example, that actually have a lot better chance at "winning") so they get the money and blow it. 

Invest, invest and invest.  If you win a bunch of money gambling..invest it people.  Have fun, but invest the majority.

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