Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.
I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.
Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.
Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.
With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?
Will lock this thread after 50 replies or within five days.
I think we are the same as the country that OP belongs to, because we know that most of the lottery winners here who become millionaires are only a few months or, after 1 year, back to being in a poor state of life because they didn't use it correctly. the money won in a large amount.
It's like counting on our fingers the ones that can be said to have been used correctly to win the lottery. But the majority is not really; there are those who won 1 million dollars in just 3 months, and the winnings were used up immediately. The others were consumed by giving help to acquaintances and giving support to relatives and family. And others are addicted to gambling, so they are in debt. So the listing, I think, is not important in my opinion.