Winning the lottery does more harm than good

[batang_bitcoin]

I hope that the casinos or the governments that conducts lotteries should assign a financial educator to these winners. Because it will not stop if these winners have no idea on how to manage their money. What they'd do with that is going to spend it until it becomes zero and they go back to their former lives. Especially with life changing amounts, there is a need for them to give them an idea on how they should spend it the wise way.

[beveryu778]

I hope that the casinos or the governments that conducts lotteries should assign a financial educator to these winners. Because it will not stop if these winners have no idea on how to manage their money. What they'd do with that is going to spend it until it becomes zero and they go back to their former lives. Especially with life changing amounts, there is a need for them to give them an idea on how they should spend it the wise way.

Lottery is not an addictive game but nothing can be predicted in lottery like slot games. However, there is a live changing amount in lottery. In many countries, lottery is organized by the government and there is a reward of millions of dollars. In gambling, an action happens quickly and someone wins or loses but in lottery, a result is published after a long time due to which often no one can participate in lottery. So I don't think playing lottery and winning lottery is a bad thing. Lottery is a good medium to change someone's life so I think lottery is a good and fun and life changing thing.

[stompix]

Let me explain. When you've won all this money suddenly your hard life becomes incredibly easy and now you can afford to live a life of ease or excess. At least until its gone.

Oh yeah, so instead of living lavishly for two years and get poor again, let's all be poor all the time and not have a moment of joy!
Lmao!!!!!
Are you serious?

Then let me help you with this temptation you might feel, every time you win something in a casino, make sure to wire that money to me so I'm going to take the risks of spending them all while you can keep living your normal life and not be tempted by anything more than your work for!
Deal?

Actually EVERYONE!
If you feel like winning the lottery will be troublesome, just mail me your winning check!
I'm going to take all the risks of ruining my life with the winnings from you so you can live a normal life!

[Yorubek]

Like I’ve said, everything has its pros and cons. So even if you’re winning in life, you still need to deal with them. I’ve watched stories of people who won the lottery and ended up broke again a few times already. It’s true what they say, when your money gets bigger, your spending or expenses grow as well. You start doing or buying things you couldn’t afford before, which leads to mismanaging your finances. You stop caring about the cons because you feel too confident about the size of your money.

It is absolutely true that as earning increases, the amount of expenditure increases, along with the increase in earning, the standard of living of people changes and then the amount of expenditure increases. Along with the increase in earning of a person, some processes of spending money increase, they are, comfort earning or demand increases and psychological expenditure increases and additional various expenses increase etc, there are several other reasons. Along with the increase in earning of a person, various expenses increase but the amount of savings does not increase because they do not show interest in increasing savings.

[Akbarkoe]

Lottery is a very difficult bet because luck there is really more difficult than other bets, so it is very natural that someone can lose bigger in the lottery bet than the usual bet, but what's interesting is the lottery bet if you really have luck, then you will get money that can change your life briefly, the jackpot in the lottery is the dream of a gambler.

But it also depends on the amount the player bets, doesn't it? I have a brother-in-law who monitors the lottery numbers every day. He even has his own book, which I've seen is filled with only numbers. And as far as I know, the amounts he bets tend to be small, and shouldn't even affect his finances.

I agree with what you said; luck in this case seems more difficult than other forms of gambling. I've never seen my brother-in-law win a significant amount. Occasionally, he'll just enthusiastically and exasperatedly tell me that the numbers he bet and the ones drawn are the same, just in a different order.

It's true that the bet amount on a single position is relatively small to try your luck. However, if the bet amount is large in a day, for example, only $1 and your brother-in-law has 10 positions, then the money spent is $10 per day. If calculated monthly, that's quite a waste of money, especially if calculated over a year, which doesn't guarantee a full return on investment. And of course, many misses are inevitable, although I think there are some numbers that can win, even if they don't hit the big jackpot.

Haha, that's the joy of playing the lottery. Sometimes he feels confused when the number he thinks is correct in his head, but in practice, he doubts it and changes it, only to find out what his heart tells him is correct. He'll be devastated and regret it.

[m2017]

Everyone wants to win the lottery, but few people usually care or pay attention to what happens to lottery winners. Pretty much every lottery winner ive read about and you've read about in the end they end up going broke again. The money goes away because they never learned how to keep it. They never earned it.

I've paid close attention to the fates of those who win large sums in the lottery, and I know (I've read articles about it many times) that these lucky winners often end up completely miserable (financial losses and ruined lives).

They lose their money due to a lack of skill in managing it properly and, likely, a misguided belief that they can win again (I suspect they lose some of it through repeated bets and lotteries), and the money will never run out (no matter how much money you have, it always ends).

Winning the lotto sure would be a thrill but I feel like the people who win fill their life with lavish experiences and things and in the end they just turn into greedy and unhappy people.

"Undeserved" spending, in an attempt to rise to a higher social\financial level, while in reality, these lucky ones remain at the same "level" (not mentally prepared for such money). In other words, there must be a balance between (deserved) income and spending.

Let me explain. When you've won all this money suddenly your hard life becomes incredibly easy and now you can afford to live a life of ease or excess. At least until its gone. People lose their selves, kill themselves though addiction, ruin their relationships with family and friends, quit their job, uproot their whole life. I mean in a way you get all tje money and stuff but you become a different person in the process right.

"Easy and carefree money" is a direct path to degradation and personal destruction.

Money should "come" gradually and commensurate with the effort you expend. For example, professionally.

Idk, I feel like the real winning of the lottery of life is just being alive and breathing. Just the chance to be here right now existing should make us all feel like the luckiest people on earth. Plus ya know we know about Bitcoin. The real fun is in the journey, the struggle, the toil is what makes things satisfactory and worth it! Building something is edifying. Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers. You're too busy gambling to realize the blessings and opportunities that are right in front of you!

Perhaps you're right, and should enjoy the gameplay here and now, rather than simply chasing huge wins. And if you do manage to land a win, don't make drastic lifestyle changes (like a life of luxury with excessive spending), but rather gradually, and don't forget about investing your winnings, as you never know if you'll be able to repeat your success.

[panjul07]

I hope that the casinos or the governments that conducts lotteries should assign a financial educator to these winners. Because it will not stop if these winners have no idea on how to manage their money. What they'd do with that is going to spend it until it becomes zero and they go back to their former lives. Especially with life changing amounts, there is a need for them to give them an idea on how they should spend it the wise way.

Lottery is not an addictive game but nothing can be predicted in lottery like slot games. However, there is a live changing amount in lottery. In many countries, lottery is organized by the government and there is a reward of millions of dollars. In gambling, an action happens quickly and someone wins or loses but in lottery, a result is published after a long time due to which often no one can participate in lottery. So I don't think playing lottery and winning lottery is a bad thing. Lottery is a good medium to change someone's life so I think lottery is a good and fun and life changing thing.

Lottery can be addictive like other games, it depends on the gamblers not depending on what is the played game.
It is proven that there are many lottery players out there who buy lottery tickets every single day in a hope that they will a jackpot later.
Back to the main topic, although it is true that many lottery winners ended up with losing it all back because of their greediness, not only to gambler more but use the winning money for something unimportant but there can be some other winners who can spend their winning wisely.
So basically it depends on the winners, whether they can manage their greed or not, whether they have good financial management or not once they won a lottery.

[Cgrexp]

Everyone wants to win the lottery, but few people usually care or pay attention to what happens to lottery winners. Pretty much every lottery winner ive read about and you've read about in the end they end up going broke again. The money goes away because they never learned how to keep it. They never earned it.

Winning the lotto sure would be a thrill but I feel like the people who win fill their life with lavish experiences and things and in the end they just turn into greedy and unhappy people.

Let me explain. When you've won all this money suddenly your hard life becomes incredibly easy and now you can afford to live a life of ease or excess. At least until its gone. People lose their selves, kill themselves though addiction, ruin their relationships with family and friends, quit their job, uproot their whole life. I mean in a way you get all tje money and stuff but you become a different person in the process right.
 
Idk, I feel like the real winning of the lottery of life is just being alive and breathing. Just the chance to be here right now existing should make us all feel like the luckiest people on earth. Plus ya know we know about Bitcoin. The real fun is in the journey, the struggle, the toil is what makes things satisfactory and worth it! Building something is edifying. Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers. You're too busy gambling to realize the blessings and opportunities that are right in front of you!

Those who earn money mainly by working hard have money management, investment, risk taking and financial control. In that case, the person who wins the lottery does not have these skills, so when he suddenly gets a large amount of money in his hand, he becomes restless and starts spending recklessly. When a large amount of money comes into his hand, the financial and mental balance is suddenly broken and this does not only happen in the case of lottery, it also happens when money comes from a large inheritance or a large investment. The real meaning of life is hidden in hard work, patience and learning and the real joy in life comes only when we can achieve something through our own efforts. We should be satisfied with what we have in life and move forward with patience in our own strength because when we achieve something through our own efforts, it is the most sustainable and valuable.

[Muba20]

A common misconception among gamblers is that they think that winnings will not come immediately, so why do they need to plan in advance how to spend the money after winning? Although such thinking is not unreasonable but it is necessary to have a good idea of ​​​​how to use the winning money. Winnings can come at any time, if you are not aware of this, then there is a possibility of losing that money in a short time. Those who win the lottery cannot control their excitement after suddenly getting a big amount. They do not know how to spend the money. That is why they win and lose that money.

[Gozie51]

~Snip

And to your first point yes there are some individuals that do win and manage their money wisely, but I feel like you just see them lose it all too much

Yeah that's the point I also made on the levels of gamblers, the chronic gambler would go back to gambling no matter how much he has won but that of and on gambler may not go back because he would see it as his luck and favour, so would want to utilize it and invest outside gambling. Most of the people that have got some profit in gambling are not chronic gamblers, that's my view.

[Fiatless]

Those who earn money mainly by working hard have money management, investment, risk taking and financial control. In that case, the person who wins the lottery does not have these skills, so when he suddenly gets a large amount of money in his hand, he becomes restless and starts spending recklessly. When a large amount of money comes into his hand, the financial and mental balance is suddenly broken and this does not only happen in the case of lottery, it also happens when money comes from a large inheritance or a large investment. The real meaning of life is hidden in hard work, patience and learning and the real joy in life comes only when we can achieve something through our own efforts. We should be satisfied with what we have in life and move forward with patience in our own strength because when we achieve something through our own efforts, it is the most sustainable and valuable.

The mentality that people who make money suddenly will lavish it is not totally true. Some people have been able to establish themselves financially from big wins and inheritance. These days, one can get financial advice from the internet, which could be vital in investments. Many qualified investment advisors can give sound financial advice or even help you invest in viable ventures. Any gambler who decides to waste his money chooses to do that, and not because the money came easily. People still lavish money they work hard for.     

[Wakate]

Yeah that's the point I also made on the levels of gamblers, the chronic gambler would go back to gambling no matter how much he has won but that of and on gambler may not go back because he would see it as his luck and favour, so would want to utilize it and invest outside gambling. Most of the people that have got some profit in gambling are not chronic gamblers, that's my view.

Your comment is not good enough mate and you need to think about it again. Have you ever seen a gambler that hit a jackpot and stopped gambling? I have never seen such and I know you will never stopped gambling if you are fortunate to have hit a jackpot that worth more than 5000x of your initial staked amount. This is a huge money and I am very convinced that you won't dare to leave gambling and all that will be going through your mind is that, their are bigger opportunities for you to hit another jackpot. Trust me dude you will do that!

[skarais]

Gambling is still gambling and as a result the gambler must accept all the consequences and risks.
I really observed the changes in the behavior of gamblers who were getting more and more out of control, even willing to not eat or fulfill their other life needs just to satisfy their desire to gamble. It is clear that the impact of this type of gambling is self-destructive and they find it difficult to get out of this zone, unless they are unable to stand anymore due to illness.

Instead of gambling for fun, some gamblers use gambling as a way to fulfill their desires. They hope to win big enough to buy luxury items, motorbikes, phones, or anything else of value. Sometimes they get lucky and win, but ultimately lose everything due to financial constraints in satisfying their gambling desires.

[Slow death]

I hope that the casinos or the governments that conducts lotteries should assign a financial educator to these winners. Because it will not stop if these winners have no idea on how to manage their money. What they'd do with that is going to spend it until it becomes zero and they go back to their former lives. Especially with life changing amounts, there is a need for them to give them an idea on how they should spend it the wise way.

If casinos that have lotteries or lottery companies are hiring financial advisors to help winners manage their lottery winnings, then those casinos that have lotteries or lottery companies will go bankrupt because they would have to hire many financial advisors who would charge a lot of money for consultations, since this would involve constantly visiting winners' homes.

I don't see how this would be viable. Also, casinos that have lotteries or lottery companies have terms of service. If they hire a financial advisor, then the casino that has the lottery or lottery company would have to become responsible for anything the financial advisor does. So, if they do things that harm the lottery winner, then the casino would be at fault. I don't see any lottery company doing this.

[red4slash]

I think in this case, it comes back to ourselves as the determining factor because, after all, winning and becoming poor again after winning depends on our behavior.
We often see people who win big in the lottery, but a few months or years later, there are reports that these people have become poor again.

Is winning the lottery the cause of this? Of course, the answer is no, but rather the behavior of the person who cannot limit and control themselves. Although it may be understandable why this happens, considering that some of the lottery winners sometimes come from people whose financial conditions are not very good, so when they are given a lot of money, they become confused and cannot control themselves because they feel they have abundant money.
This is what sometimes creates a difficult situation where those who successfully win the prize end up unable to make good use of it.

[Su-asa]

Yeah that's the point I also made on the levels of gamblers, the chronic gambler would go back to gambling no matter how much he has won but that of and on gambler may not go back because he would see it as his luck and favour, so would want to utilize it and invest outside gambling. Most of the people that have got some profit in gambling are not chronic gamblers, that's my view.

Your comment is not good enough mate and you need to think about it again. Have you ever seen a gambler that hit a jackpot and stopped gambling? I have never seen such and I know you will never stopped gambling if you are fortunate to have hit a jackpot that worth more than 5000x of your initial staked amount. This is a huge money and I am very convinced that you won't dare to leave gambling and all that will be going through your mind is that, their are bigger opportunities for you to hit another jackpot. Trust me dude you will do that!

To be honest, I haven't seen any gamble that hits the jackpot and still stop gambling for good. There's one thing about we human, it's that at the moment we actually get lucky on things we barely expected, the greed in us comes out and if you can't control it. The problem will be that it will either make you lose you have it make you become addicted to gamble. As a matter of fact, when a gambler wins their, what they should do is to use the money on important things.

[Jaycoinz]

]

Actually EVERYONE!
If you feel like winning the lottery will be troublesome, just mail me your winning check!
I'm going to take all the risks of ruining my life with the winnings from you so you can live a normal life!

Well sorry dude , I think a lot persons will disappoint you on this including myself because I will also be looking for the gamblers that feel like winning the lottery will be too much of a trouble for them so I can join you in spending the money for the particular gambler that feels the money will too much of a problem for them. The funny question here even is why would one feel that way and still play to win the lottery rather than just go on and ignore the entire process.

[lionheart78]

Let me explain. When you've won all this money suddenly your hard life becomes incredibly easy and now you can afford to live a life of ease or excess. At least until its gone.

Oh yeah, so instead of living lavishly for two years and get poor again, let's all be poor all the time and not have a moment of joy!
Lmao!!!!!
Are you serious?

Then let me help you with this temptation you might feel, every time you win something in a casino, make sure to wire that money to me so I'm going to take the risks of spending them all while you can keep living your normal life and not be tempted by anything more than your work for!
Deal?

LOL,  that is a good idea rather than be tempted let stompix be the one to be tempted  .

Actually EVERYONE!
If you feel like winning the lottery will be troublesome, just mail me your winning check!
I'm going to take all the risks of ruining my life with the winnings from you so you can live a normal life!

Don't solo the burden let me share your troubles on this one.  At least they have 2 proof on the result of having such huge winnings to the life of people.


Seriously, the problem with the instant money is that the many person is not prepare for that big money.  Since they were poor in their entire life, the sudden wealth shock them.  Without any prior plans and knowledge on how to handle huge amount of money, they feel that they can do and buy whatever they want and the money won't run out until they hit the wall and found out that their wallet is empty again.

[Onyeeze]

]

Actually EVERYONE!
If you feel like winning the lottery will be troublesome, just mail me your winning check!
I'm going to take all the risks of ruining my life with the winnings from you so you can live a normal life!

Well sorry dude , I think a lot persons will disappoint you on this including myself because I will also be looking for the gamblers that feel like winning the lottery will be too much of a trouble for them so I can join you in spending the money for the particular gambler that feels the money will too much of a problem for them. The funny question here even is why would one feel that way and still play to win the lottery rather than just go on and ignore the entire process.

money is like sugar, it sweet when you have it, I hope you know that it's difficult to get money but it's very easy to spend, their is no amount you win in lottery game that is difficult to spend, only betting can take it all, if op is like someone that bet $1000, immediately money is in his hand it will increase his betting  stake, and the reason why is going to increase it betting is because he is expecting to get more profits because the higher your stake in the gambling the your profits, so that's why people do stake higher

[slapper]

We're fascinated by the broke-again narratives because they reinforce the worldview we need to believe in, that money's only good if it comes wrapped in virtue, that there's karmic retribution in being short of money. The majority of the people who inherit wealth retain it. Majority of trust fund children remain wealthy. It is not that they deserved it. It is that they benefited from the social infrastructure which makes wealth self-perpetuating

Your real lottery is being alive thing is nice until you are working two jobs and still cannot afford insulin. Thankfulness does not cover chemotherapy. The journey-not-destination thing only works with journeys that aren't crushing your bones

The lottery doesn't break the people because money corrupts, but because it creates impossible friction from suddenly acquired wealth that isn't accompanied by social capital. Your friends hate you, strangers pursue you, and you have no network that can inform you that this lawyer is not a vulture. If winning ruins people, what does that say about the way we've organized our society around scarcity?