Post
Topic
Board Gambling discussion
Re: "Most lottery winners go broke after few years"
by
TopTort777
on 03/12/2024, 10:32:26 UTC
Yes, and that is the thing, they are going to spend most of their money and not thinking about tomorrow, and also giving gifts to other people as well. So it could really back fire on most of us won the lottery and then spend it all and in matter of years, broke again.

Everything should be done in moderation, and maybe some of us haven't experience a life changing winning, but if we do, we can only hope as well that we will not fall for this category and we will handle our money in a good way and not spend it all.

Actually people think about tomorrow, but are lazy to move from dreaming or thinking into real action. Many are smart enough to understand that large amount of money must be spend smart. Investment, money distribution between several assets, buying property. People smart to think about that. But are lazy to actually monitor property offers, do research what stocks or crypto are profitable. They always postpone that, because they are not rich yet, and would start acting only if they become rich.

People arent stupid (I really hope so). They already have a plan how to wisely spend money. But when it comes to fulfilling that plan, for example to buy property, they got lazy to find out where are better flats, whether to buy old or new house, number of rooms, sell or to rent, taxes, where to find notary, extra costs and so on. Instead they would better buy a luxury car and have fun, be happy right now. Without thinking about future maintenance, value drop or how often they would ride it.