A person who won 600k$ in lottery

[maydna]

~snip~

And this is once again an example of short term thinking, if we are lucky enough to obtain important profits out of gambling then it would be a mistake to spend them all on things that we want, a part of that money should also go towards a business which can generate even more profits or it should become an investment that can eventually bring you even more money down the line, but after such a big win people are not thinking clearly and they seem to think their good luck will last forever.

By having thoughts like that, at least we already plan to use the money we will win from gambling. Starting a business will provide more money. Perhaps we won't need to gamble because there is already a source of income we can rely on, especially if we think about having an investment, which is a bitcoin investment, that will give us the opportunity to gain profits in the future so that we can have other sources of income from investing in bitcoin.

~snip~

As they say, those who earned money without breaking some sweat will also find themselves in the same situation where they will lose all of it without breaking some sweat.

My point is, people don't know the trouble if they found those money without any effort, just for example winning the lottery, most people will spend those winnings as if they already have unlimited money until they come to a point where they realize that it's already over for them as they spent it on useless things without providing something for their future so that they won't have the same problem again where they will hope for another winnings again.

The thought of using the money from lottery winnings to shop is understandable because they want things they haven't had. But they must realize that what they buy will not provide long-term or future benefits. And it would be better if they could save the money for their family's future so that they could face a future that might be tougher than now. They also don't need to buy things they don't always use because that is pointless waste. Sometimes, they buy these things just because of the lifestyle they want to have that they don't need.

[Silberman]

As they say, those who earned money without breaking some sweat will also find themselves in the same situation where they will lose all of it without breaking some sweat.

My point is, people don't know the trouble if they found those money without any effort, just for example winning the lottery, most people will spend those winnings as if they already have unlimited money until they come to a point where they realize that it's already over for them as they spent it on useless things without providing something for their future so that they won't have the same problem again where they will hope for another winnings again.

Someone that has no experience making that amount of money does not really know how difficult it is to actually obtain it, and as such they will spend it thinking it is never going to run out until it happens, this is also something that happens a lot to those that get an inheritance, and the worst part is that those people will then get used to spend a lot of money but they will lack the ability to actually make it, and if they are unable to adjust their behavior back and get used to spending a small amount of money then their lives will become very difficult from that moment on.

[borovichok]

Someone that has no experience making that amount of money does not really know how difficult it is to actually obtain it, and as such they will spend it thinking it is never going to run until it happens, this is also something that happens a lot to those that get an inheritance, and the worst part is that those people will then get used to spend a lot of money but they will lack the ability to actually make it, and if they are unable to adjust their behavior back and get used to spending a small amount of money then their lives will become very difficult from that moment on.

Experience teaches us everything we need to know about the system, just exercised patience because there's a whole lotnto learn. We all have targets to hits in the system, resulting in one of the reasons why we start wagering with full hope of hitting a jackpot or winning some day. Gambling made easy with generating high sum from the system. Hitting the jackpot really hard this time, winning high figures of $600k is good news. It's the dream winning for all gamblers in the system, it doesn't come just like that, it do take years or decades before a lucky one can hits the jackpot. 

[Reatim]

I know that this is impossible for me to happen because I am not a fan of lottery now(but in the past yes I am , but after realizing how much i spend those years? now I gathered those amount and invest in bitcoin for long term)
yet having a chance? maybe I will change my  way of living forever.
will invest in businesses here and there, and will only get close to people that will not take advantage my wealth in which those are business people also.
sorry for the losses of the mentioned but it is how money works specially if coming from easy way like gambling.

[mindrust]

What would you do if one day you won the lottery?

I would male various investments and live off of their passive income. Stocks, bonds, real eastate and crypto. Especially crypto. However, even though $600k gives you a great head start, it is still not enough to create a decent passive income. 2 million USD is a more realistic target so, I would use that $600k and keep working till I reach $2m and then I would just do whatever I want. There is one thing I wouldn't do with that $600k though, I would never ever gamble with that money because every gambler knows that once you hit the big prize, it is a matter of time before you lose it if you keep playing.

[2Pizza410000BTC]

If I ever win the lottery, I will use that huge amount of money to do whatever is good for my future plans. For better future plans I will buy the property and open a medicine pharmacy there later. I want to share this success with my family members.

OP the person you talk about here is a very patient person indeed. Because he won $600k after join the lottery for 10 years straight. Because if he didn't have patience, he would never have stuck here like this. This person is both patient and charitable but people have cheated a lot with this person. The person who asked him to help then cheated on him by not turning next over the money. Cheating on a good person is never a good thing. But my advice is that whatever you do, never cheat a good person, the creator is displeased.

[angrybirdy]

What would you do if one day you won the lottery?

I would male various investments and live off of their passive income. Stocks, bonds, real eastate and crypto. Especially crypto. However, even though $600k gives you a great head start, it is still not enough to create a decent passive income. 2 million USD is a more realistic target so, I would use that $600k and keep working till I reach $2m and then I would just do whatever I want. There is one thing I wouldn't do with that $600k though, I would never ever gamble with that money because every gambler knows that once you hit the big prize, it is a matter of time before you lose it if you keep playing.

That's definitely the best thing to do. Probably I would do the same, real estate would be my top pick as an investment. Investing in real estate would never be a failed investment and surely become the most efficient passive income, also the value of it will continue to increase unlike in other investments, where there's a possibility to go down.

[mirakal]

As they say, those who earned money without breaking some sweat will also find themselves in the same situation where they will lose all of it without breaking some sweat.

My point is, people don't know the trouble if they found those money without any effort, just for example winning the lottery, most people will spend those winnings as if they already have unlimited money until they come to a point where they realize that it's already over for them as they spent it on useless things without providing something for their future so that they won't have the same problem again where they will hope for another winnings again.

Someone that has no experience making that amount of money does not really know how difficult it is to actually obtain it, and as such they will spend it thinking it is never going to run until it happens, this is also something that happens a lot to those that get an inheritance, and the worst part is that those people will then get used to spend a lot of money but they will lack the ability to actually make it, and if they are unable to adjust their behavior back and get used to spending a small amount of money then their lives will become very difficult from that moment on.

This is the reason why financial management should be learned and practice in the first place. By allocating big funds for those who can provide huge profits in the future, and smaller funds for those wants that are actually not necessary at all. If you can be wise in spending your wealth, it won’t run out in the end but will eventually continue to grow until you see yourself finally living your life’s goals. Winning in a lottery is actually a blessing and might not be happening to you again so you need to utilize those funds cautiously and wisely.

[Hirose UK]

~snip~

And this is once again an example of short term thinking, if we are lucky enough to obtain important profits out of gambling then it would be a mistake to spend them all on things that we want, a part of that money should also go towards a business which can generate even more profits or it should become an investment that can eventually bring you even more money down the line, but after such a big win people are not thinking clearly and they seem to think their good luck will last forever.

By having thoughts like that, at least we already plan to use the money we will win from gambling. Starting a business will provide more money. Perhaps we won't need to gamble because there is already a source of income we can rely on, especially if we think about having an investment, which is a bitcoin investment, that will give us the opportunity to gain profits in the future so that we can have other sources of income from investing in bitcoin.

Business or investment that can be used as long-term savings must always be prioritized and become the most priority thing for everyone to have so that in the future life can be more secure and established because without thinking about doing business or investing we cannot have a guaranteed income for guarantee life in the long.
But that doesn't mean we have to leave gambling because we are wise not to use it as a place to find a source of income but as a place to entertain ourselves and have fun. When we can have a business or investment that is quite worthy then indirectly we can have self-limiting attitudes towards gambling decided and coming to the casino is just to have fun.

~snip~

As they say, those who earned money without breaking some sweat will also find themselves in the same situation where they will lose all of it without breaking some sweat.

My point is, people don't know the trouble if they found those money without any effort, just for example winning the lottery, most people will spend those winnings as if they already have unlimited money until they come to a point where they realize that it's already over for them as they spent it on useless things without providing something for their future so that they won't have the same problem again where they will hope for another winnings again.

The thought of using the money from lottery winnings to shop is understandable because they want things they haven't had. But they must realize that what they buy will not provide long-term or future benefits. And it would be better if they could save the money for their family's future so that they could face a future that might be tougher than now. They also don't need to buy things they don't always use because that is pointless waste. Sometimes, they buy these things just because of the lifestyle they want to have that they don't need.

But from the many experiences of someone who wins a large amount in the lottery and changes his life to shopping for everything he wants it ends in an extravagant attitude of having fun and always doing fun activities by spending a large budget until in the end bankruptcy occurs.
This is not just nonsense but based on true stories that have happened out there.

[Jawhead999]

That's definitely the best thing to do. Probably I would do the same, real estate would be my top pick as an investment. Investing in real estate would never be a failed investment and surely become the most efficient passive income, also the value of it will continue to increase unlike in other investments, where there's a possibility to go down.

There's a chance of natural disaster e.g. earthquake, this will make your land or property price will suddenly drop because it's not safe or even can't be used to live. Rather than real estate, it's better to invest either gold or Bitcoin.

Your money can be used to learn a new skill or study more in order to get a bigger chance to earn more money.

[EarnOnVictor]

As they say, those who earned money without breaking some sweat will also find themselves in the same situation where they will lose all of it without breaking some sweat.

My point is, people don't know the trouble if they found those money without any effort, just for example winning the lottery, most people will spend those winnings as if they already have unlimited money until they come to a point where they realize that it's already over for them as they spent it on useless things without providing something for their future so that they won't have the same problem again where they will hope for another winnings again.

Someone that has no experience making that amount of money does not really know how difficult it is to actually obtain it, and as such they will spend it thinking it is never going to run until it happens, this is also something that happens a lot to those that get an inheritance, and the worst part is that those people will then get used to spend a lot of money but they will lack the ability to actually make it, and if they are unable to adjust their behavior back and get used to spending a small amount of money then their lives will become very difficult from that moment on.

What I could conclude is relating it to the case of riches in the hands of fools, they often waste it and get back to their former status pretty quick. It will be so bad and heartbreaking for someone to win as big as $600k and still become poor over a little while, this shows such a person is not wise and it's even annoying to me to think it alone. In a world where you can invest in many things, there are real estate and other properties you can purchase even if you do not have a business sense. You can invest in companies to earn about 20% per annum, and you can buy shares of companies and even open a business and let people manage it for you while you supervise it.

Advice: If anyone earned such big money, carrying girls, cruising around, and sleeping in hotels and yachts are not the solution, but to invest and get the best out of the money to make more money and never run dry of it again.

[maydna]

~snip~

Business or investment that can be used as long-term savings must always be prioritized and become the most priority thing for everyone to have so that in the future life can be more secure and established because without thinking about doing business or investing we cannot have a guaranteed income for guarantee life in the long.
But that doesn't mean we have to leave gambling because we are wise not to use it as a place to find a source of income but as a place to entertain ourselves and have fun. When we can have a business or investment that is quite worthy then indirectly we can have self-limiting attitudes towards gambling decided and coming to the casino is just to have fun.

This is so that we can continue to make money even though we are no longer productive at age. If our investment can run well every year and we can get a steady income, that will help us survive, especially if it can become a source of passive income for us later. Everyone will want to enjoy a passive source of income. After all, they don't need to work anymore because they already have the resources. That's why we have to be able to get it, especially if we can win the jackpot prize from the lottery.

Yes, we don't need to quit gambling, but it would be better if we could think twice about leaving gambling after getting a big win from the lottery. We have to be able to think that we will not always be able to get the jackpot again because it is a difficult thing to get. And while we are still or have been able to win the jackpot, we must be able to leave gambling for a while while preparing other sources of income.

~snip~

But from the many experiences of someone who wins a large amount in the lottery and changes his life to shopping for everything he wants it ends in an extravagant attitude of having fun and always doing fun activities by spending a large budget until in the end bankruptcy occurs.
This is not just nonsense but based on true stories that have happened out there.

Yes, that often happens to lottery winners who can't use their money well. Instead, they spend their money lavishly by having fun and buying expensive things. It was all to show his surroundings that he now had so much money that his life had changed completely. But it's all useful when they have little or no money left and their lives return to how they used to be.

[tusandii]

Someone that has no experience making that amount of money does not really know how difficult it is to actually obtain it, and as such they will spend it thinking it is never going to run until it happens, this is also something that happens a lot to those that get an inheritance, and the worst part is that those people will then get used to spend a lot of money but they will lack the ability to actually make it, and if they are unable to adjust their behavior back and get used to spending a small amount of money then their lives will become very difficult from that moment on.

Experience teaches us everything we need to know about the system, just exercised patience because there's a whole lotnto learn. We all have targets to hits in the system, resulting in one of the reasons why we start wagering with full hope of hitting a jackpot or winning some day. Gambling made easy with generating high sum from the system. Hitting the jackpot really hard this time, winning high figures of $600k is good news. It's the dream winning for all gamblers in the system, it doesn't come just like that, it do take years or decades before a lucky one can hits the jackpot. 

Actually, when we talk about the desire to get a big jackpot from gambling, even if it is a lottery bet, almost all gamblers want it, but it is very difficult to get a big jackpot, even in lottery it is very difficult to get a big win because this lottery bet really only depends on luck, like this thread. when someone is very lucky to get a jackpot of 600k, while a lottery bettor has been buying lottery tickets for a long time, even almost every day for several years and has never gotten the jackpot as you said.

With this in mind I can take the hidden meaning here that everything depends on the level of luck of each gambler.
But it would be very interesting if we occasionally bought lottery tickets for a small amount every day to try our luck because no one would have thought that one day luck would come to us.

[LUCKMCFLY]

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.

A person with a business mindset will definitely go for investing a very large chunk of the money they've won in something that they know can generate some money for them and that income stream won't just close down or cease to provide for him, and if one has a lot of money, they can create multiple streams for themselves and that will make their life easier. Even if someone wants to enjoy and have fun, they can always do that with the money they will earn from their businesses and investments.

However, a lot of people who manage to win significant amounts of money either through gambling or lotteries tend to waste that on materialistic things or just blow it away as you said, they don't make good use of the money and when the money runs out, that is when they realize what they've done.

I agree. I think there are some gamblers who were lucky enough to win a huge amount of money but they end up spending it on materialistic stuffs as you mentioned and wasting it. People with a good mindset would choose to invest that money in Bitcoin or real estate to generate long-term profits instead of squandering it on things that won't yield any returns.

Being wise and patient in this situation is really important. You must make really good decisions about how to use that money before you risk losing it for nothing.

Once you do hit up these numbers or to those money that you havent been able to held up on your entire life, then for sure the primary thing that comes up into your mind is on buying the things that you've been

wanting all your life which this is likely the thing that would happen first before you would be minding other stuffs like investment or having a business. We know that money could really be that easily to spend
and if you are really that having that impulsive approach then you would really be finding yourself becoming poor once again if those funds had completely be depleted. This is why you should really be that wise when it comes to spending if you dont really be liking to finding  yourself that being poor again or in middle class. We know that $600k is already that big in 3rd world countries on which this is something that
could changed up your life completely and since this money isnt something that you could really get so easily or simply once in a lifetime opportunity then it is really jus that right that you should really be that
wise on how to make use of it well so that it wont really be coming to waste. Its not bad to buy up those things you do wish for but always be mindful on longer runs, always be having that good financial
management if you dont like on being poor again.

It is very true but it is worth highlighting something, that if a person earns all this in lottery shops, but has a low culture and financial education, what he will do is spend more and more, at some point he will spend everything and be left with nothing, that is why it is always good that a person who has so much money think about what can be invested so that you can generate more money than you have, investments can be the solution without a doubt, because it is a way to take risks but what can you have more money, or else nothing? leave a good part in bitcoin, yes, buy bitcion because there you will not have losses, especially now that it has gone down a little and you can do much more with that money, in this order of ideas we would think that we would do it they can do that that,. A person with that amount of money can say that he can fix his life, he can do it, 'he can buy the house that has always been left, a good car, travel, but he does it in moderation.

We at times might think that the only way to Invest is to buy altcins, or cyrpto, I would say Bitcion and buying gold, buying Real Estate is a way to protect my money , apart from having it in other things, it is like laying eggs in several baskets so that if one goes , I have the others, I could also have a business where I could be analyzed not to see how I'm doing, but to put myself to work, I would also like to buy a hotel, because in monopoly something very true is said for each 4 houses to buy a hotel, and that is a chaos that will always make money, we must always think about that, then with little money you can travel around the world every year if you want, and if you have the opportunity, you should buy at least one. 10 bitcoin and raise the bitcoin to $100k then recover everything at once, so this is something that is useful to us, but what do you see then is a person who doesn't know much to buy bitcoin and keep it there Until it rises well It's the Smartest thing you can Do.

[Westinhome]

Actually, when we talk about the desire to get a big jackpot from gambling, even if it is a lottery bet, almost all gamblers want it, but it is very difficult to get a big jackpot, even in lottery it is very difficult to get a big win because this lottery bet really only depends on luck, like this thread. when someone is very lucky to get a jackpot of 600k, while a lottery bettor has been buying lottery tickets for a long time, even almost every day for several years and has never gotten the jackpot as you said.

With this in mind I can take the hidden meaning here that everything depends on the level of luck of each gambler.
But it would be very interesting if we occasionally bought lottery tickets for a small amount every day to try our luck because no one would have thought that one day luck would come to us.

The lottery only give huge win like this,their was many game in the gambling.But not all the game will give the gambler like 600k as the winning amount.This 600k win will be the desire of the many of the gamblers,but the fact is only who had the luck will win this big amount.Because if the gambler make this 600k in the fixed deposit,he may get good interest.If we consider the bank giving them 5% for the money,So he will get 30k dollars as the interest in the regular basic.The interest can be used in the trading and multiple to many ways and used for the individual benefit of their life.

[dezoel]

What would you do if one day you won the lottery?

I would male various investments and live off of their passive income. Stocks, bonds, real eastate and crypto. Especially crypto. However, even though $600k gives you a great head start, it is still not enough to create a decent passive income. 2 million USD is a more realistic target so, I would use that $600k and keep working till I reach $2m and then I would just do whatever I want. There is one thing I wouldn't do with that $600k though, I would never ever gamble with that money because every gambler knows that once you hit the big prize, it is a matter of time before you lose it if you keep playing.

I've heard that people who get in the habit of participating in lotteries will not stop participating even if they manage to win a significant amount from it because just like gambling, a person can also get addicted to lotteries, and those who get addicted might spend most of the money they've won in lotteries maybe hoping to get another win but it is all about one's luck and the number of tickets one buys doesn't determine whether they will win or lose.

If I talk about myself, I would probably think of starting a business before everything else, because I know that a profitable business can make you able to do almost anything you want in the world, you can make investments in crypto, stocks, and buy whatever you want with the revenue that the business will be generating.

[Pamadar]

Actually, when we talk about the desire to get a big jackpot from gambling, even if it is a lottery bet, almost all gamblers want it, but it is very difficult to get a big jackpot, even in lottery it is very difficult to get a big win because this lottery bet really only depends on luck, like this thread. when someone is very lucky to get a jackpot of 600k, while a lottery bettor has been buying lottery tickets for a long time, even almost every day for several years and has never gotten the jackpot as you said.

With this in mind I can take the hidden meaning here that everything depends on the level of luck of each gambler.
But it would be very interesting if we occasionally bought lottery tickets for a small amount every day to try our luck because no one would have thought that one day luck would come to us.

The lottery only give huge win like this,their was many game in the gambling.But not all the game will give the gambler like 600k as the winning amount.This 600k win will be the desire of the many of the gamblers,but the fact is only who had the luck will win this big amount.Because if the gambler make this 600k in the fixed deposit,he may get good interest.If we consider the bank giving them 5% for the money,So he will get 30k dollars as the interest in the regular basic.

Yup, lottery is where this kind of winning that you can have when you gamble. If you are lucky and you manage to pick the right sets of numbers, then expect to earn this huge amount of money.

But I think there are other things that you can use your money, instead of putting it all in the bank and earn interest
better to find good investment and businesses that will allow you to earn from the money that you win, very practical
to find ways of making more money instead of using it in a luxury way of life.

[yazher]

There's a chance of natural disaster e.g. earthquake, this will make your land or property price will suddenly drop because it's not safe or even can't be used to live. Rather than real estate, it's better to invest either gold or Bitcoin.

Your money can be used to learn a new skill or study more in order to get a bigger chance to earn more money.

Wars can also affect the price of the real state investment whether the war is versus other countries, or inside the country just like what happened in other parts of the world where they are forced to sell it cheap or some of them didn't even bother to get back and scrap their lands because of how dangerous it is. Therefore, it goes back again to which country you are currently residing in because, in some other countries, Gold and Land are not recommended for investment and bitcoins are the only choice to have.

[TheSpiral]

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

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

It is a common fact that if a person win a lottery and his family heard about it then they will surely ask for the money but the money of lottery is not enough always.

If a person is poor and win the lottery in a form of huge money then everyone starts respecting him because it is a fact that money attracts relationships.

Winning a lottery is not a curse but its a blessing but you have an ability that how to work with it and how to answer your relatives that your money remains save and your relationships also remains better.

[xSkylarx]

Actually, when we talk about the desire to get a big jackpot from gambling, even if it is a lottery bet, almost all gamblers want it, but it is very difficult to get a big jackpot, even in lottery it is very difficult to get a big win because this lottery bet really only depends on luck, like this thread. when someone is very lucky to get a jackpot of 600k, while a lottery bettor has been buying lottery tickets for a long time, even almost every day for several years and has never gotten the jackpot as you said.

With this in mind I can take the hidden meaning here that everything depends on the level of luck of each gambler.
But it would be very interesting if we occasionally bought lottery tickets for a small amount every day to try our luck because no one would have thought that one day luck would come to us.

The lottery only give huge win like this,their was many game in the gambling.But not all the game will give the gambler like 600k as the winning amount.This 600k win will be the desire of the many of the gamblers,but the fact is only who had the luck will win this big amount.Because if the gambler make this 600k in the fixed deposit,he may get good interest.If we consider the bank giving them 5% for the money,So he will get 30k dollars as the interest in the regular basic.

A huge jackpot or money to win is equal to a low chance of winning it. With that amount to win your chances to win it are very low and it will take you forever to win it unless you get lucky and your number or your ticket wins but even with the low probability of winning people still take the chance since you still have a chance to win it even if it is very small.

Why do we deposit it in the bank if we can try to build a business on it? That is really huge money. You can start a business on it or you can buy real estate. That is the time that you'll be investing in assets as they can give you passive income and you won't be losing your winnings.