A person who won 600k$ in lottery

[piebeyb]

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.

That's why it doesn't take many people to know that we like to gamble and play the lottery, it's hard to explain to our friends if we win big money there, especially since they will definitely take advantage of us when we win big money, thankfully I gamble not many people know and even friends My close friends never know I play online gambling or play the lottery so my winnings are easier for me to enjoy with my family and wife. lol

It is true that winning the lottery is a blessing, so to be able to manage the winning money we also need a financial advisor who can be trusted to manage our finances so that they are not used for useless things, there is no harm in spending money to pay someone who can be used as a financial advisor so that we can control money properly from big winnings from lottery or any gambling.

[slapper]

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.

I have seen the same strange behavior. A lot of people say they'd stop if they won the lottery, but I've seen winners run back to the ticket booth right away. The excitement of the draw is what draws them in, not necessarily the money they could win. How ironic is that the human brain functions as it does?

Personally, I find it laughable to think that all it takes to succeed in life is pure luck. Getting a business going is a good idea. That's where real toughness and smarts matter. Yes, it's also a gamble, but with hard work and planning, you can change the odds to your advantage. It only lasts a short time when you win the lottery, but when your business does well, you feel great. Worth a lot

[bettercrypto]

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.

That's why it doesn't take many people to know that we like to gamble and play the lottery, it's hard to explain to our friends if we win big money there, especially since they will definitely take advantage of us when we win big money, thankfully I gamble not many people know and even friends My close friends never know I play online gambling or play the lottery so my winnings are easier for me to enjoy with my family and wife. lol

It is true that winning the lottery is a blessing, so to be able to manage the winning money we also need a financial advisor who can be trusted to manage our finances so that they are not used for useless things, there is no harm in spending money to pay someone who can be used as a financial advisor so that we can control money properly from big winnings from lottery or any gambling.

It is true that you said this, and I agree with it. Our times are still tough today, and everyone around the world is trying to find a way to make a living. And until now, there are still many people who suddenly approach you when they find out that you have money or that you are higher than them.

Especially when you get to the point where you won the lottery, there are people who are not close to you, and suddenly they say that you are close to each other. That's when you can see the intention of why they do that, while when you had no money, you were hardly known.

So in this story, I can say that it's good that the lottery winner was able to recover from the apartments he bought.

[Silberman]

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.

That would be a reasonable approach about how to deal with those unexpected profits, but lottery winners hardly do this, and we know this is true as the majority of them end up bankrupt a few years after winning the lottery and in fact many wish they never won it, however what this demonstrates is how weak are the money management skills of most people, as even if that amount may not be much in countries like the US, that is an absolute fortune on many countries, big enough to make your life way easier or maybe even retire thanks to it.

[libert19]

The next mistake was to lend money to people without collateral or guarantees. The world is filled with dishonest people that don't keep their word.

I just learned this recently, my experience says just don't lend money in first place to people. It's unnecessary trouble.

[Rabata]

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.

It is true that when we see the big lottery winning prize, the more people are interested in getting it and the less likely they are to win that lottery. Even though lottery depends on luck but still people's interest in lottery does not decrease a bit. Because there is a chance of getting a life-changing fortune if the luck turns out to be good once in a lifetime. Although the number of such lucky people is limited, the number of people who buy the lottery is not limited.

It depends on how a person will use that money after winning the lottery but after winning 600k dollars he will definitely try to invest in a good business or any other investment so that he can get a reliable and regular income.

[Pierre 2]

The next mistake was to lend money to people without collateral or guarantees. The world is filled with dishonest people that don't keep their word.

I just learned this recently, my experience says just don't lend money in first place to people. It's unnecessary trouble.

I experienced once that a friend asked for loans because he was suffering (it was my university/campus era). We four friends gave him some amount of money but in return we realized he was literally planning a holiday at Mediterranean coastal region at my country. It was my last loan experience. I only give money to people I love. Otherwise no loans given. I tell people that ask money to get a loan from a bank. Even if I win lottery I would do same.

[ethereumhunter]

The next mistake was to lend money to people without collateral or guarantees. The world is filled with dishonest people that don't keep their word.

I just learned this recently, my experience says just don't lend money in first place to people. It's unnecessary trouble.

I experienced once that a friend asked for loans because he was suffering (it was my university/campus era). We four friends gave him some amount of money but in return we realized he was literally planning a holiday at Mediterranean coastal region at my country. It was my last loan experience. I only give money to people I love. Otherwise no loans given. I tell people that ask money to get a loan from a bank. Even if I win lottery I would do same.

I've also experienced this several times before. I don't think that he can return the money as quickly as he promised, especially after he got the money, he didn't contact me again. That's when I finally learned that a friend not very close to us cannot always be trusted. Ultimately, I wouldn't lend money to someone I didn't know well and would say that I don't have any money. So when we win the lottery, we should not tell anyone except our family to avoid things we don't want. Besides that, saving money will be better and keep us away from people who want to borrow money.

[libert19]

The next mistake was to lend money to people without collateral or guarantees. The world is filled with dishonest people that don't keep their word.

I just learned this recently, my experience says just don't lend money in first place to people. It's unnecessary trouble.

I experienced once that a friend asked for loans because he was suffering (it was my university/campus era). We four friends gave him some amount of money but in return we realized he was literally planning a holiday at Mediterranean coastal region at my country. It was my last loan experience. I only give money to people I love. Otherwise no loans given. I tell people that ask money to get a loan from a bank. Even if I win lottery I would do same.

I've also experienced this several times before. I don't think that he can return the money as quickly as he promised, especially after he got the money, he didn't contact me again. That's when I finally learned that a friend not very close to us cannot always be trusted. Ultimately, I wouldn't lend money to someone I didn't know well and would say that I don't have any money. So when we win the lottery, we should not tell anyone except our family to avoid things we don't want. Besides that, saving money will be better and keep us away from people who want to borrow money.

I have few people too that I give money unasked because they have obtained my trust by always returning the amount on time.

Also, some people when you ask your own amount back they behave as if we owe them, and this is not something that I like.

[Negotiation]

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.

It's good to stay connected before losing that much money but real estate prices don't fluctuate very easily. Rather real estate is a long term yet profitable investment real estate is the best investment for those who expect huge returns and want to invest for a long time. But before that you have to be very careful in investing the money that you will invest in real estate. Because investing in real estate is not supported everywhere it is quite risky. Investing in various nameless anonymous or sometimes even reputed companies can be a victim of irony.

[tjtonmoy]

One thing I have learned from life the hard way is that never share your financial condition with your family, friends, or anyone. The more you give the more they will want. And if you ask for the money back, you will become the bad one. The same goes with not giving money too. If they know that you have that money but you are not giving it to them, then you will become bad for them too.

In order to prevent this from happening, never share your personal status with them. And if they somehow get to know that you have something, then learn to say no. It is hard for some people but this is a very important skill to have. The more available you are to people the less valuable you are to them. Keep your privacy secret even from those who are your loved ones. You will be able to achieve many great things in life that way. Speaking from experience.

[molsewid]

I've also experienced this several times before. I don't think that he can return the money as quickly as he promised, especially after he got the money, he didn't contact me again. That's when I finally learned that a friend not very close to us cannot always be trusted. Ultimately, I wouldn't lend money to someone I didn't know well and would say that I don't have any money. So when we win the lottery, we should not tell anyone except our family to avoid things we don't want. Besides that, saving money will be better and keep us away from people who want to borrow money.

For me if you know that your friend will use that money to things that are not good then or whatever it is and when you feel that they are not going to pay you then do not. We are not responsible for their lives they should learn and not rely on us. Not because we have much they can freely to make a lend and not pay , they should learn to pay so we can give them chance again.

[abel1337]

One thing I have learned from life the hard way is that never share your financial condition with your family, friends, or anyone. The more you give the more they will want. And if you ask for the money back, you will become the bad one. The same goes with not giving money too. If they know that you have that money but you are not giving it to them, then you will become bad for them too.

In order to prevent this from happening, never share your personal status with them. And if they somehow get to know that you have something, then learn to say no. It is hard for some people but this is a very important skill to have. The more available you are to people the less valuable you are to them. Keep your privacy secret even from those who are your loved ones. You will be able to achieve many great things in life that way. Speaking from experience.

Yep this is true. This is why I always keep lowkey with my financial status, I have the habit of pretending to be poor or just an average citizen that is earning just enough to survive. This way, our surroundings won't stick an eyes on us and possibly won't be abused financially. Sometimes even the closest people in your life will change it's behavior to you when they learn that you have a money in a positive way given that they want you to share your "blessings" or in short money. One worst thing that might happen if they suddenly learned that you earned massive wealth is that they will do a "guilt trip" to you for them to manipulate you and get what they want. 

[ethereumhunter]

I have few people too that I give money unasked because they have obtained my trust by always returning the amount on time.

Also, some people when you ask your own amount back they behave as if we owe them, and this is not something that I like.

Yes, it's great if someone can give you money without asking first. But most people won't want to do that and just wait for the time to pay their debt before they want to pay it. But what often happens is that they don't want to pay their debts because they don't have the money to pay their debts.

For me if you know that your friend will use that money to things that are not good then or whatever it is and when you feel that they are not going to pay you then do not. We are not responsible for their lives they should learn and not rely on us. Not because we have much they can freely to make a lend and not pay , they should learn to pay so we can give them chance again.

Yes, I will never again give a loan to a friend who can't repay the money, especially for gambling. I would never want to lend them money to gamble. We don't want them to have a debt to us that even they find difficult to pay. But if they can repay the debt without problems, I will want to lend them the money. So it depends on them and I don't want to burden them beyond what they can afford. And I also don't want our friendship damaged just because of debt problems.

[lienfaye]

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 they say, a money came from luck is easy to spend while if the money is earned through hard work, you'll value it more and this is certainly true. This story is not the first time for me to see a lottery winner lost everything after a wrong decision. Expensive way of living and spending on not necessary things (leisure) with people around taking advantage what you have is the wrong move that you'll only realize after losing it all.

Everyone will be there if you have money but in times of hardship there's only few that you can depend on, majority will just turn their back. It's good to be generous but be wise to secure your future (and your family) before anything else since it's a once in a lifetime opportunity and not everyone are fortunate to experience.

[tjtonmoy]

Yep this is true. This is why I always keep lowkey with my financial status, I have the habit of pretending to be poor or just an average citizen that is earning just enough to survive. This way, our surroundings won't stick an eyes on us and possibly won't be abused financially. Sometimes even the closest people in your life will change it's behavior to you when they learn that you have a money in a positive way given that they want you to share your "blessings" or in short money. One worst thing that might happen if they suddenly learned that you earned massive wealth is that they will do a "guilt trip" to you for them to manipulate you and get what they want. 

I can say that I have experienced every bit you said. Even the closest persons those I call family did this to me. I was like, they are family, so I will help them in every way possible. And I did just that. After some time I wasn't making much money like I used to make before. And their whole attitude toward me changed. They did some horrible things that forced me to get out of the house and live on my own. It's been almost 2 years now. But now I am happy with my life. No regrets. I feel like I have done a great job leaving my house.

I like the idea of showing people that I'm an average person and poor. This has helped me a lot. No one comes forward to ask for money or has any expectations from me. Life is great.

[topbitcoin]

For me if you know that your friend will use that money to things that are not good then or whatever it is and when you feel that they are not going to pay you then do not. We are not responsible for their lives they should learn and not rely on us. Not because we have much they can freely to make a lend and not pay , they should learn to pay so we can give them chance again.

Yes, I will never again give a loan to a friend who can't repay the money, especially for gambling. I would never want to lend them money to gamble. We don't want them to have a debt to us that even they find difficult to pay. But if they can repay the debt without problems, I will want to lend them the money. So it depends on them and I don't want to burden them beyond what they can afford. And I also don't want our friendship damaged just because of debt problems.

Trusting a friend is a good thing and should be done but besides that, of course we also have to realize that as long as there are some friends by our side then we must realize what someone's true character is like.
I personally have some problems about some people who think they are "friends" but end up having problems when it comes to money. I am a person who does not want to bother, I actually test some of my friends when they borrow money for whatever purpose it is. When they pay according to the agreement regardless of whether it is for gambling or not I will still lend it but if they break it once then we already know what to do because when it is allowed once then they will try again to make a loan and that is what we should avoid because even if it is a friend still in financial matters we will not always trust other people.

Indeed, in some circumstances. Friends, money and gambling are sometimes always a problem that cannot be avoided but to take care of ourselves even though we can still be said to be bad in the eyes of many people for gambling but we certainly cannot endanger ourselves with friends who are not too good with us.

[Betwrong]

~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.

But gambling shouldn't be a source of income for us. It's very important to keep that in mind. If you have spare money, you can gamble for the sake of entertainment. If you don't have enough money, do not resort to gambling to increase the amount of money. It's like a rule, a rule that you might really regret breaking.

[tusandii]

It is true that when we see the big lottery winning prize, the more people are interested in getting it and the less likely they are to win that lottery. Even though lottery depends on luck but still people's interest in lottery does not decrease a bit. Because there is a chance of getting a life-changing fortune if the luck turns out to be good once in a lifetime. Although the number of such lucky people is limited, the number of people who buy the lottery is not limited.

It depends on how a person will use that money after winning the lottery but after winning 600k dollars he will definitely try to invest in a good business or any other investment so that he can get a reliable and regular income.

As I said before, this all depends on each individual's level of luck, but even so, gamblers will not feel discouraged and always try to buy the ticket in the hope that one day they will get a big jackpot even though the chance is very small, but they just believe that luck will come after taking risks like people who have won a big jackpot of 600k which provides motivation for lottery gamblers to try continuously buying lottery tickets to try their luck.
I think there's no harm in trying with the amount of $2 buying lottery tickets every day to try the luck that comes once in a lifetime as you said and I'm sure even if you don't get the jackpot you will definitely get a small multiplier.

as OP said someone wins 600k from the lottery it would be better to use it to open an established business to get the right income but if it is a gambler who has thoughts of wanting to be successful but for a gambling addict I think he will buy another lottery ticket and increase the amount of his bet or gambling on other casino games in the hope of winning another large amount.

[Westinhome]

It’s hard part to control your emotion in the gambling after the big one like 600K dollars in the gambling.Because he had huge money,which is enough for the family to live their life over a period of 100 years.So he try to bet again and again to get some more dollars.Since he had huge liquidity of the cash,the gambler will try the same lottery atleast for the fifty percentage of the money which is 300k dollars.So the gambler should think himself about wasting of the money again,if they undergo the continuous loss.The gambler can try for the 100k dollars for the new winning from the same lottery.If they really had a luck.Surely he will win the game,if not it’s best way to pause the game and use the money in their real life.