A person who won 600k$ in lottery

[Silberman]

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.

That is just the way it is, as soon as you revealed that you won the lottery then a bunch of loan request will come your way, because people think that as you did not earned that money through your hard work and won it simply by being lucky then they have the right to get some of it, and even if you were generous and loaned them the money, you can be sure they are never going to pay you back, as in their minds you do not need that money anyway as you have way more than that, so keeping your win a secret seems like a sensible choice to me.

[ethereumhunter]

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.

That is just the way it is, as soon as you revealed that you won the lottery then a bunch of loan request will come your way, because people think that as you did not earned that money through your hard work and won it simply by being lucky then they have the right to get some of it, and even if you were generous and loaned them the money, you can be sure they are never going to pay you back, as in their minds you do not need that money anyway as you have way more than that, so keeping your win a secret seems like a sensible choice to me.

That's why we must be careful about telling other people, especially those not close to us, so they don't take advantage of us. They will be happy to think we are a winner and try to worship us even though we have no idea what they mean by that. It is better for us to tell the family and make a family plan together to have one goal to improve our family.

And we also don't need to use the money excessively because we are worried that someone will suspect where we got the money from. And the last thing is maybe not to change into someone different because that will make other people suspect it and will try to find out what happened to us.

[Vaculin]

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.

That is just the way it is, as soon as you revealed that you won the lottery then a bunch of loan request will come your way, because people think that as you did not earned that money through your hard work and won it simply by being lucky then they have the right to get some of it, and even if you were generous and loaned them the money, you can be sure they are never going to pay you back, as in their minds you do not need that money anyway as you have way more than that, so keeping your win a secret seems like a sensible choice to me.

That's why we must be careful about telling other people, especially those not close to us, so they don't take advantage of us. They will be happy to think we are a winner and try to worship us even though we have no idea what they mean by that. It is better for us to tell the family and make a family plan together to have one goal to improve our family.

And we also don't need to use the money excessively because we are worried that someone will suspect where we got the money from. And the last thing is maybe not to change into someone different because that will make other people suspect it and will try to find out what happened to us.

That will always be a trouble specially if you will not transfer a residence, not to a different country but somehow far enough without their knowledge that is still situated in your city. It will be harder for you if you stay in one place because your residence is already relevant to them, and they will always find a way towards you to seek some help even though they can handle it themselves.

Furthermore, you should also have to learn how to take a stand because that is your money and of course you need it to make your life and your family's life more comfortable. And you cannot definitely do that if you have some liabilities that aren't even needed.

[pawanjain]

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.

Or we can even say that if you win a lottery then only tell it to those people whom you can share some of your winnings with.
Lets just assume that the person will ask you for a loan and only if you are willing to share some of money with him then consider letting him know about your winning.
Whether he asks for money or not is secondary but telling him about the winning should be conditional.

[leonair]

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.

That is just the way it is, as soon as you revealed that you won the lottery then a bunch of loan request will come your way, because people think that as you did not earned that money through your hard work and won it simply by being lucky then they have the right to get some of it, and even if you were generous and loaned them the money, you can be sure they are never going to pay you back, as in their minds you do not need that money anyway as you have way more than that, so keeping your win a secret seems like a sensible choice to me.

Lottery is not very easy to win but whoever wins the lottery gets a lot from it. So if this matter is known among all, that person may be attacked to take away his huge winnings. Not only lottery, even if someone works hard and becomes the owner of huge amount of money and one can know the amount of his wealth, he has a lot of risk.  Because he can be attacked.  So it is always better to keep the financial status hidden in all cases it can be safe from all aspects. In this case, winning the lottery will not be excluded

[uneng]

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.

Probably these lottery winners never had the opportunity to hold high sums of money on theur hands, so once they receive a huge sum of money at once they have no idea how to manage it correctly. It's a big responsability for someone who never had any, similar to giving a child a disproportionate task compared to their mental capacities on an early age. It never ends well... I believe people should grow the money they have access gradually, so they can learn how to deal with bigger and bigger sums progressively. Sudden changes are always hard to deal with, because we aren't adapted to them.

[LUCKMCFLY]

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.

I think that in order to have a lot of money, it is necessary to have a very high financial education, because a person who has never had an education or does not even think what to do with money, what they are going to do is gradually earn money, it is obvious that he will do it because the only thing he knows is to spend, and it has been proven, many people who have won the lottery are going to spend everything, they buy big houses, big cars, they are going to travel and the money they It is earned is limited, although it may seem like a lot, but little by little it is spent if there is no control, because we as humans must think that the best thing is to multiply that money, and how? Well, doing some simple things, investing, in crypto, in bitcoin, in real estate, among other things because we as good thinking beings should know that money is an asset that goes fast, if we start spending as if we were crazy, it will They will buy unnecessary things, but for those times they will be necessary, so that is what should be avoided.

And these things are not only said by me, they are said by various financial advisors, among them one of the most famous like Robert Kiyosaki who is one of those who I consider to be the highest level in the world, so these things are very relevant when it comes to how multiply the money, in general, that is why people who are relatively poor do not worry about knowing more things, but when they see money, the only thing they do is spend, and what they should do is invest, in what they whatever, but investing, those who don't know much can invest in real estate and can do great things, so when we think about money and a lot, things have to be done so that it doesn't run out, and sometimes when you don't know anything it's good to hire to a financial adviser so that he can give us advice on how to use that money. Personally, I would buy a lot of bitcoin, as much or as necessary, and wait.

[bitzizzix]

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.

Probably these lottery winners never had the opportunity to hold high sums of money on theur hands, so once they receive a huge sum of money at once they have no idea how to manage it correctly. It's a big responsability for someone who never had any, similar to giving a child a disproportionate task compared to their mental capacities on an early age. It never ends well... I believe people should grow the money they have access gradually, so they can learn how to deal with bigger and bigger sums progressively. Sudden changes are always hard to deal with, because we aren't adapted to them.

That is the importance of having financial literacy, including for gamblers, because with this they can manage their finances well when betting or gambling, especially anticipating when they get an unexpected win.
And if someone wins a big win and doesn't have a good education, especially in the field of finance, then that victory will certainly cause the victory to become intangible and even quickly run out without a purpose.
In fact, this can still be overcome if the big winners are not greedy and careless by involving people they trust to manage it, such as financial service providers, wives if they already have one, or family members. And the aim is to help manage their finances well or provide advice provided they have expertise in business, investment or whatever so that the money can work.

[ethereumhunter]

That will always be a trouble specially if you will not transfer a residence, not to a different country but somehow far enough without their knowledge that is still situated in your city. It will be harder for you if you stay in one place because your residence is already relevant to them, and they will always find a way towards you to seek some help even though they can handle it themselves.

Furthermore, you should also have to learn how to take a stand because that is your money and of course you need it to make your life and your family's life more comfortable. And you cannot definitely do that if you have some liabilities that aren't even needed.

Changing places of residence might be a solution so we can avoid things we don't want. We can help them by using the money we win but we also have to know that we have our own needs that we have to fulfill, especially for our families. And that is a priority we must put before we help others even though they may also need the money.

That's why we don't need to tell other people if we have won some money. We don't mean anything and want to avoid things we don't want. People may approach us with the intention of getting something out of us. But we also have to know that we have to think about which one we can help.

[DabsPoorVersion]

That will always be a trouble specially if you will not transfer a residence, not to a different country but somehow far enough without their knowledge that is still situated in your city. It will be harder for you if you stay in one place because your residence is already relevant to them, and they will always find a way towards you to seek some help even though they can handle it themselves.

Furthermore, you should also have to learn how to take a stand because that is your money and of course you need it to make your life and your family's life more comfortable. And you cannot definitely do that if you have some liabilities that aren't even needed.

Changing places of residence might be a solution so we can avoid things we don't want. We can help them by using the money we win but we also have to know that we have our own needs that we have to fulfill, especially for our families. And that is a priority we must put before we help others even though they may also need the money.

That's why we don't need to tell other people if we have won some money. We don't mean anything and want to avoid things we don't want. People may approach us with the intention of getting something out of us. But we also have to know that we have to think about which one we can help.

That was actually the best way to avoid commotion. This will help to stabilize the situation over time, just a few days or months people will actually forget about you winning a huge sum of money.

It is really important to keep it private if you have won a lot of money, it is for you and the security of your family. We don't know what other people will do if they will know how much money you have.

[len01]

-snip

That is the importance of having financial literacy, including for gamblers, because with this they can manage their finances well when betting or gambling, especially anticipating when they get an unexpected win.
And if someone wins a big win and doesn't have a good education, especially in the field of finance, then that victory will certainly cause the victory to become intangible and even quickly run out without a purpose.
In fact, this can still be overcome if the big winners are not greedy and careless by involving people they trust to manage it, such as financial service providers, wives if they already have one, or family members. And the aim is to help manage their finances well or provide advice provided they have expertise in business, investment or whatever so that the money can work.

greed will always nest in the human mind. I mean almost the majority of gamblers still have greedy thoughts and I guarantee that when someone who has intelligence in terms of managing their finances will be a little greedy when gambling to get a big win, lets say someone has a budget of $20 and when playing slots they are lucky to get $400, they definitely not stop immediately. betting session but he will continue his betting session to spend another at least $50 to try his luck again and that is what almost all gamblers do to this day.
and relatedly, when a gambler gets a big win but does not use the win for investment or other profitable things, it has become a habit of gamblers who have the mindset that they will definitely win again tomorrow so that the big win is used to buy something that is not useful or spend just to buy stuff that is not useful. conditions like this are also often carried out by most gamblers.

[ethereumhunter]

That was actually the best way to avoid commotion. This will help to stabilize the situation over time, just a few days or months people will actually forget about you winning a huge sum of money.

It is really important to keep it private if you have won a lot of money, it is for you and the security of your family. We don't know what other people will do if they will know how much money you have.

As long as he can find a new place where no one knows him, he will be fine living in his new place and can enjoy his winnings comfortably. And he can also stay away from people who might borrow money from him so that he won't feel annoyed by those people.

By keeping his big winnings from the lottery a secret, he could keep and use the money for himself and his family well and no one else would take advantage of it. And that's also to avoid people who have evil intentions towards him because, with that much money, there are bound to be people who want to steal his money.

[Silberman]

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.

Probably these lottery winners never had the opportunity to hold high sums of money on theur hands, so once they receive a huge sum of money at once they have no idea how to manage it correctly. It's a big responsability for someone who never had any, similar to giving a child a disproportionate task compared to their mental capacities on an early age. It never ends well... I believe people should grow the money they have access gradually, so they can learn how to deal with bigger and bigger sums progressively. Sudden changes are always hard to deal with, because we aren't adapted to them.

That is the best way to go about things, however people can receive a lot of money out of nowhere due to an inheritance, winning the lottery or making an incredible investment, like investing in a shitcoin that skyrockets, and when that happens they need to realize their limitations and hire a financial manager to help them to deal with their money issues, because if they do not and they try to administer that money on their own then it is likely they will lose it all in just a few years, and there are many stories which corroborate that this in fact happens.

[Betwrong]

~

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.

Buying a lot of tickets to increase your chances of winning a jackpot is a bad idea.  Even 30%, like in your example, it's still just 30% chance, so, it is more likely that you won't win, while you put enormous amount at stake.  When it's a progressive jackpot and all the tickets combined worth less than the jackpot you could earn some money, like it was in the case with MIT students, but it's over now.

[Japinat]

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.

Much easier to say mate but for the people who don't exactly have the information like we do, they tend to gamble those winnings again (but this time, as a bigtime roller) with the same mindset and hopes that they will be lucky again and the rest, in most scenario, they will spend it in things that they never had like buying expensive things that are only a liability instead of a buying an assets. But again, most people that won the lottery are the people who doesn't have any knowledge on what to do that is why in the end, they will go back to where they started and start dreaming again.

[rahmad2nd]

~~

~~

Lottery is not very easy to win but whoever wins the lottery gets a lot from it. So if this matter is known among all, that person may be attacked to take away his huge winnings. Not only lottery, even if someone works hard and becomes the owner of huge amount of money and one can know the amount of his wealth, he has a lot of risk.  Because he can be attacked.  So it is always better to keep the financial status hidden in all cases it can be safe from all aspects. In this case, winning the lottery will not be excluded

I don't really know the ins and outs of lotteries, and it seems like every country has a different method. but as you said, the lottery is not easy to win. especially, if we win the jackpot from this type of lottery betting. Of the many lottery gamblers, there are only a few who are chosen to win with very big rewards. and that luck, not all lottery gamblers can have. So, I imagined how difficult it would be to get a win from this type of bet. for example, like in the OP's story in this thread. However, lottery gambling always has a place among gamblers and is always popular almost everywhere. This is natural, because the rewards offered are not small in number. if someone gets the jackpot from this lottery, indirectly he will become a millionaire.

Well, now the problem depends on the lottery winner himself. Regarding the problem, there are those who borrow, ask, or as described in this thread. This seems like a normal thing. As there is a saying, where there is sugar there are ants. The point is, it all goes back to the winner of the lottery. If we are wise, we can save it in the bank first to make it safer. after that, to avoid unwanted things like in this discussion. protect ourselves, by limiting everyone who will interact especially those with bad intentions. there are many ways to work around this, we can even ask for legal protection if something threatens us.
Well, if only I were the one who got a surprising amount of money from the lottery. I can consult with trusted parties, we can invest, buy property, business, and so on. most importantly, the money from the lottery results doesn't go to waste.

[xSkylarx]

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.

Much easier to say mate but for the people who don't exactly have the information like we do, they tend to gamble those winnings again (but this time, as a bigtime roller) with the same mindset and hopes that they will be lucky again and the rest, in most scenario, they will spend it in things that they never had like buying expensive things that are only a liability instead of a buying an assets. But again, most people that won the lottery are the people who doesn't have any knowledge on what to do that is why in the end, they will go back to where they started and start dreaming again.

This is also something I noticed, and it is also the same how rare it is that people can handle the money they win because most of those winners just lost it in under a year. I've seen a lot of videos and documentaries online about those lottery winners. Most of them spend it like it's unlimited because they think that they won big and it won't be gone, but again, after some time, they haven't noticed that it is getting smaller and smaller.Again, they are always saying that once you easily get the money, you also easily lose that money.

[piebeyb]

By keeping his big winnings from the lottery a secret, he could keep and use the money for himself and his family well and no one else would take advantage of it. And that's also to avoid people who have evil intentions towards him because, with that much money, there are bound to be people who want to steal his money.

Yes, it's true that it's very important to keep it a secret, because we will never know what's in someone's heart if we're too open, let alone announcing our victory so that everyone close to us knows, that's very dangerous, of course we will definitely be taken advantage of by other people who previously hated suddenly become good, behaved we still find it everywhere because we will never know and guess human behavior.

It is enough for people who can be trusted to be notified of winning big money, for example a wife or close family, because winning money that big will be very vulnerable to crime, wherever we are, of course, we will never be calm, crime will always be stalking us at any time, but if we hide it from people everyone, we will be safe, but if that happens to me, it's enough for me to know and I won't tell anyone, at least use the money for other investments so that the money goes around and makes a profit. 

[Westinhome]

Much easier to say mate but for the people who don't exactly have the information like we do, they tend to gamble those winnings again (but this time, as a bigtime roller) with the same mindset and hopes that they will be lucky again and the rest, in most scenario, they will spend it in things that they never had like buying expensive things that are only a liability instead of a buying an assets. But again, most people that won the lottery are the people who doesn't have any knowledge on what to do that is why in the end, they will go back to where they started and start dreaming again.

If the gamblers won the big money,he will buy the expensive things which was the longest wish of them.Before the jackpot he need to play many games,he don’t know when the exact time will happen.Most of the money will be used by the gamblers for the luxurious things,because it was not fulfilled because of the no money.Some gamblers will buy the assets using the winning money,because the money will become zero one day.But the assets like property can be used any time later to cash out at the needed time,many gamblers buying lottery over a period to get the jackpot at the lucky time.Some gamblers quit gambling with some negative hope sometimes and loss the big opportunities.

[Blitzboy]

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.

Much easier to say mate but for the people who don't exactly have the information like we do, they tend to gamble those winnings again (but this time, as a bigtime roller) with the same mindset and hopes that they will be lucky again and the rest, in most scenario, they will spend it in things that they never had like buying expensive things that are only a liability instead of a buying an assets. But again, most people that won the lottery are the people who doesn't have any knowledge on what to do that is why in the end, they will go back to where they started and start dreaming again.

Winning the lotto may sound like a pipe dream to some, but for many, it proves to be a confusing maze. People frequently make bad choices because of their ignorance and the excitement of an unexpected victory. Though justified, this disdain for such choices is also a sign of a more serious problem.

What if we integrated gambling knowledge and financial literacy into regular schooling rather than leaving kids to fend for themselves? Give people the resources they need to handle such victories successfully. Maybe people wouldnt end up starting again if they learned how to distinguish between assets and obligations. They may then begin living the dream rather than daydreaming once more.