Quote from: Fatunad on Today at 06:43:21 PM

Quote from: coin-investor on Today at 02:37:42 PM

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.

On the moment that you would really be having those huge winnings then the main thing that comes up into your mind is that those money do came from thin air on which it is simply not really that coming from hard work
and this is why you would really be having those thoughts and impressions into your mind that you could really be just that simply be able to earn that back on the moment that you do bet on lottery again. You would be having in mind that you do have tons of money on which you wont really be easily find yourself that getting bankrupt so easily. Yes, you would really be spending like a mad man but we do know that there's no such thing about that unlimited funds on which on the moment that you would really be that careless on dealing up with this then time comes that everything would be losing all.

Here in our country on which its a jackpot winner on lottery but ending up on living on the squatters area because of mismanagement of the funds that he had won in lottery which it is really
just that too sad that these people arent that wise when it comes to managing their money. We do know that hitting up lottery or any jackpot in gambling world isnt something that would really be that easy to be happening. This is why it would be ideal that you should really that managing on the moment that it would happen. Dont waste up the chances that you could make money and sustain yourself on upcoming years to come without needing to go back on what you are before. If you are someone whose really that mindful about future things then you would definitely be having this approach.

Regret is always at the end and dont make yourself that having that kind of situation on which you are really that regreting because of the actions that you have made. There's no way that we could
really be getting it back and this is why you should really be taking wise or good decisions about fund management if ever you are on a condition that you are hitting those jackpots.
Be sensible and be wary about on the actions you are taking.