You don't really want to win the lottery... | Internet Analysis
internet analysis: the lottery! // Shop summer trends under $20! Go to thredup.com/x/tiffany35 and use my code TIFFANY35 to get an extra 35% off your first order AND free shipping (Offer expires 9/30/22. Applies to US & Canada customers only. See
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TIME STAMPS:
0:00 - intro
1:45 - so you won the lottery... what's next?
4:34 - today's vid is sponsored by thredUP!
6:34 - the curse of the lotto win
9:44 - how should lotteries support the winners?
10:26 - becoming part of the 1%
13:28 - the lottery is a ____ tax
14:34 - pro-lottery propaganda
17:40 - what about philanthropy?
22:09 - scamming the scammer (Jerry & Marge Go Large)
RESOURCES & REFERENCES:
What to Do If You Win the Lottery (by Brian Martucci) - www.moneycrashers.com/what-to...
Politifact: "No, the IRS won’t take out $846.3 million in taxes from the $1.34 billion Mega Millions jackpot" - www.politifact.com/factchecks...
"Would you be disappointed?" reddit post: / would_you_be_disappointed
Powerball Annuity vs Cash: (by Stephanie Vozza) - www.magnifymoney.com/banking/...
"When lives fall apart after a lottery win" | CNN - • When lives fall apart ...
Curse of the lottery: tragic stories of big jackpot winners (by Nicole Bitette) - www.nydailynews.com/life-styl...
FDJ Group, Prizewinner Relations Department - www.groupefdj.com/en/players/...
Winning the lottery makes you more conservative, study finds (by Oliver Milman) - www.theguardian.com/money/201...
Big Loto winners: how la Francaise des jeux takes care of them (by Vincent Mongaillard) - www.leparisien.fr/societe/gra...
The U.S. has a lottery problem. But it’s not the people buying tickets. (by Jonathan D. Cohen) - www.washingtonpost.com/news/m...
"By playing The National Lottery you raise 30M for Good Causes every week!" | The National Lottery - • Video
"WV Lottery Proceeds 2022 Education" | West Virginia Lottery - • WV Lottery Proceeds 20...
"Your numbers make amazing happen!" | The National Lottery - • Video
"California Lottery Mission" | CaliforniaLottery - • California Lottery Mis...
10 types of people who buy lottery tickets, explained with math and bad drawings (by Ben Orlin) - www.vox.com/first-person/2018...
"Colorado Lottery: where does the money go?" | ColoradoLottery - • Colorado Lottery - Whe...
"Is Billionaire Philanthropy a Sham?" | Robert Reich - • Is Billionaire Philant...
"Charity: How effective is giving?" | The Economist - • Charity: how effective...
"Jerry & Marge Go Large | Official Trailer | Paramount+" - • Video
Jerry And Marge Go Large (by Jason Fagone) - highline.huffingtonpost.com/a...
"21 Movie Trailer" - • Video
"Jerry and Marge Go Large: 60 Minutes' original story on the Selbee's lottery loophole" | 60 Minutes - • Jerry and Marge Go Lar...
Tiffany Ferguson (she/her), 26 years old. Here on Tiffanyferg, my main series is called Internet Analysis, where I research and discuss topics related to social issues and media.
#internetanalysis #videoessay
Business Inquiries: tiffanyferguson@select.co
This episode was co-written by Sheriden Smith!
FTC: This video is sponsored by thredUP. Links with * are affiliate, meaning I am compensated monetarily if you join or make a purchase.
it's been a while but I am back!! I know you may disagree with the title but I had to pick something somewhat catchy lmao. Let's dive into the lottery, what it might be like to win a huge amount of money, and some obligatory billionaire slander :-)
Hit a 100k😎 that song legendary
"Obligatory billionaire slander"...lmao, I love that. ABSB: always be slandering billionaires...that's one of my mottos.
How do we know you didn’t win the lottery? You’re smart so you saved it all for future generations 😁
@@Yourdasellsav09 your comment gives unnecessary snobby vibes
I like the SM58 mic better than the other mic you were using (SM7B?). It sounds more natural.
the biggest takeaway from this is not "being rich is hard" but the knowledge that *the poor are systemically denied financial literacy* to the point in which even if they do win the lottery, they will still lose in this hellscape game of capitalism
Yes that’s a perfect way to put it!
Exactly 🙄 Eat. The. Rich.
@@brooklyns1526 Don't forget the BBQ sauce. 😜
another day, another "capitalism is the root of all our problems"
@@lily-pl6eo and it isn't?
My uncle won 75k on a scratch off. That’s what got him his citizenship, paid for the deposit on his first home and allowed him to marry my aunt. They live middle class but that lottery got them out of poverty. Straight up.
Meaning, that a person should win just the right amount to make one right decision that will help them make their lives better but not live off of it.
@@ndsn96 No, you can still win more and be fine. It's not a 100 percent "death" sentence. I'd love to make enough to live off it while actually pursuing my other passions without financial stress. It's a matter of perspective.
I’m curious, if he wasn’t from this country how was he able to claim the money? Or was he able to have someone else claim it on his behalf. From my knowledge ppl who aren’t citizens can’t claim money on a lottery…I read a case like this of a Mexican immigrant
@@nonyabigness honey a quick google search would've answered your question, but in case you can't do the search rn I did it because I got curious, I never played lottery but I'm a non-citizen and I was left thinking why would there be restrictions to non residents? After all we have to pay for the ticket like everybody else, but can't win?? Anyway basically all the results in my search says lotteries are not restricted to only citizens, but like everything else in America one has to be mindful of each state's laws, as restrictions can be different.
If you’re an illegal immigrant and you win a powerball, you can either enrich us citizens with it or go back to your homeland.
I worked at a bookstore with a woman who won $1 million… she quit her job and went back to college at the local community college, and she was in her late 50s! It really inspired me to see her better herself with the cash.
Oh she also gave all her coworkers a small but meaningful gift, I love Alice in Wonderland so she gave me a beautiful realistic looking costume. It is far too small unfortunately and never fit me but it was so kind of her !
@@DiannaCarney that is so nice!!!
Congrats to her! That's the amount I'd love to win. A million bucks is game changing but not life destroying. Go back to school, buy that dream house, take that lavish vacation, save it for retirement, but it's not enough to really change your life otherwise.
what a beautiful story! very inspiring, thank you for sharing. she sounds lovely
I would stay in school permanently lol
I seriously don’t get why it’s a requirement in some places for lottery winners names to be disclosed to the public. There’s ways to prevent fraud without putting people in danger.
I thought so too, but then read it’s to let the public know the lottery is being won by real people and isn’t been rigged.
@@shontelhorneonline I get the logic but don’t see how that’s worth compromising someone’s safety. I guess that’s just the hazard you agree to when you play lottery, though.
It's also to boost sales of tickets. To hear Sally Joe from the same city as me won millions of dollars makes some people think "Hey that could have been me! I need to start buying tickets again."
can you change your name before claiming the prize?
Lord Jesus Christ is coming back everyone, please don’t worship celebrities and entertainment, focus on Him alone. I promise there’s more to life than money, partying, homosexuality and music. Hell is real, repent from sinning confess your sins and ask God to forgive you, I know He will if you’re sincere. Anyone who thinks the Name of Lord Jesus Christ is a joke, boldly mocks and scorns Him or takes pleasure in people who do is in for a big unpleasant surprise on judgement day IF they don’t repent and follow Lord Jesus Christ. Hell is very hot, people please repent! In the mighty name of Lord Jesus Christ, Amen 🙏💪✝️💜❤️✝️! Idolatry such as, Islam, Catholicism, Sangomaism, Buddhism, Hinduism, Santa Clausism, Confucianism, New Age, Science, Evolution, halloweenism, Harry Potterism, Politics, Donald Trumpism, Easter Bunnyism and other religions/faiths that are outside Biblical Christianity lead to hell! Don’t believe them, believe the Almighty God the Father of Lord Jesus Christ, who begot Him. Our Creator, The God of Abraham, Isaac and Jacob is mighty, He doesn’t need a woman to beget a son, He is God. I choose to put my faith in a God who can do anything and everything, a God who has unlimited and infinite power to beget! So, it’s time to confess that Lord Jesus Christ is the Lord and to believe that He died and rose from the grave after three days and you shall be saved if you only obey Him by praying, worshipping, praising, reading the Bible and living holy and righteously according to the Bible. You have to endure until the end, carry your cross daily and build your relationship with God by following Lord Jesus daily until the end. You must never renounce your faith in The Lord Jesus Christ, there’s hell awaiting those who reject/deny Lord Jesus Christ and those who continue living sinfully, even the Christians who don’t want to repent will face the same fate, so please repent beloved people, in Lord Jesus Christ’s mighty and precious Name, Amen. 💜
I remember reading that most people are not prepared to come into such a substantial amount of money so suddenly and end up wasting most of it. It's the same problem that a lot of professional athletes have. Not to mention the vultures; when you suddenly get rich (and/or famous), you quickly learn how many people around you just want to use you, unfortunately.
Can I have ur money then?
I learned this lesson but not by winning the lottery. I won a prize in middle school that included some money and a trophy. People who never spoke more than a few words to me started treating me like their bestie. It was so weird. When the novelty wore off it was back to being nearly invisible. I'd imagine it'd be much worse if I "won" the lottery.
Preach some people just can't be trusted with so much money
Lol the vultures yes! I always think back to the statistic that above 70 grand annually, money doesn’t make people happier. There have been studies! So that makes me feel better
@@shawklan27 Most people can't be trusted with so much money, imo
I haven't watched the video until the end yet, but I want to comment on the mental support part: In Germany you have a mandatory session with a therapist specialised in lottery winners before you are even allowed to get your prize. I quite like this regulation.
We also don't have a tax on the Amount won. If you invest it and then make money - then you have to pay taxes on the revenue. And most of the time you can have a lawyer organise an anonymous transfer of the money.
@@annabanana6197 you're mistaken here. If you win, you have one year to spend it tax free. After the first year you do indeed pay taxes on your prize.
@@undefinedgirl8974 Are you talking about Germany or the US?
@@Shirumoon Germany - the original comment was about Germany and the one I responded to also said no taxation on prizes. So I figured it's about Germany as well and thinking prizes are tax-free is a common mistake many Germans make.
In France, you have like a course about how to handle this situation financially and socially. They kind of tell you things that will happen like you will get approached by people to invest your money or how to deal with people around you like your family and neighbors. In Spain, the tax on prizes is like 20%...
I don't need to win the lottery, I just want a stable job where I make enough to not have to worry about bills each month anymore ://
And enough to have a savings so I don’t get caught off guard. The dream honestly
I rather buy a land and housing invest in bitcoin set for life.
@@Enriquez2222goals honesty
Except you get people like Biden who tanks the economy and your job isn’t stable anymore.
I know from experience that not everyone becomes better after winning the lottery. My grandparents won the lottery twice, I believe it was like 1.2M total. They still left my mom to fend for herself with no financial support until she basically begged them to help her. She’s a single mom with 3 kids and they literally didn’t support us in any other way.
Okay wow that's just evil. I get that they don't owe you that but wtf giving you a few k would help and not make a difference for them ...
Was mom like a thieving addict earlier in life or something? Even then, that's no excuse to not help by like $5K to support your THREE GRANDKIDS. Like...wow.
Selfish people will always be selfish. How would the lottery change them? In fact, winning the lottery probably made them more selfish as they became more paranoid that your mom might be "faking it" - which is not that impossible when you look at the statistics.
@@RemyOrtiz not even a little bit. She was a practicing pediatrician and school nurse. She’s never stolen money from anyone
@@betsycheddar Grandparents are selfish for no reason. I’m so sorry.
You do not have to justify your appearance, how sweaty or shiny you are…you’re a human being. We sweat. 💜
This. What a lovely comment.
Not a pokemon guy but IIRC the shiny ones are rare and special
Only when I’m hydrated
👏
I'd rather hear an AC in the background, most of the time you can't hear it anyway, and creators don't have to melt while they record.
I can say from personal experience that more money = more problems is completely false. Not only does it not introduce more problems, but it solves SO many problems that most people face and it gives you back so much free time to solve the hard problems that money can't solve. So while money doesn't solve all your problems, it does finally give you the time and energy to tackle them because you don't have to worry about money and all the problems that come from not having enough money, which are a huge drain on your time and mental and emotional energy.
I feel like there is a difference between getting richer gradually and becoming a multimillionaire overnight. The latter is where the problem usually lies.
There's getting richer gradually which doesn't cause much problems and getting very rich with little warning.
More money = Different problems. May be better or worse depending on your life in each situation.
The main problem is that people who are bad with money and generally irresponsible are the ones playing the lottery in the first place. They’re not going to suddenly get good at money management, long term planning, and impulse control when they have millions of dollars.
@@Gretoone additionally there is also a difference between winning 5 million dollars and 500 million dollars. The first amount would probably solve a lot of your problems without creating new ones, but the latter would just be unmanageable.
Girl you don't ever need to apologize for how you look. You don't owe us an artificial version of yourself
Perrrrrr
Lord Jesus Christ is coming back everyone, please don’t worship celebrities and entertainment, focus on Him alone. I promise there’s more to life than money, partying, homosexuality and music. Hell is real, repent from sinning confess your sins and ask God to forgive you, I know He will if you’re sincere. Anyone who thinks the Name of Lord Jesus Christ is a joke, boldly mocks and scorns Him or takes pleasure in people who do is in for a big unpleasant surprise on judgement day IF they don’t repent and follow Lord Jesus Christ. Hell is very hot, people please repent! In the mighty name of Lord Jesus Christ, Amen 🙏💪✝️💜❤️✝️! Idolatry such as, Islam, Catholicism, Sangomaism, Buddhism, Hinduism, Santa Clausism, Confucianism, New Age, Science, Evolution, halloweenism, Harry Potterism, Politics, Donald Trumpism, Easter Bunnyism and other religions/faiths that are outside Biblical Christianity lead to hell! Don’t believe them, believe the Almighty God the Father of Lord Jesus Christ, who begot Him. Our Creator, The God of Abraham, Isaac and Jacob is mighty, He doesn’t need a woman to beget a son, He is God. I choose to put my faith in a God who can do anything and everything, a God who has unlimited and infinite power to beget! So, it’s time to confess that Lord Jesus Christ is the Lord and to believe that He died and rose from the grave after three days and you shall be saved if you only obey Him by praying, worshipping, praising, reading the Bible and living holy and righteously according to the Bible. You have to endure until the end, carry your cross daily and build your relationship with God by following Lord Jesus daily until the end. You must never renounce your faith in The Lord Jesus Christ, there’s hell awaiting those who reject/deny Lord Jesus Christ and those who continue living sinfully, even the Christians who don’t want to repent will face the same fate, so please repent beloved people, in Lord Jesus Christ’s mighty and precious Name, Amen. 💜✝️
Here in Montana, you're required to publicly announce your win. I hate this, because I think it would be terrifying for people to know this and seek out the winners
unrelated but sounds like a gorgeous state.
Why would people seek out winners specifically when there’s tons of millionaires and billionaires out there?
@@yungrichnbroke5199 that millionaires and billionaries have personal security
@@marinetter.8423 It is ☺️
This is such a flawed idea they must be imposing this intentionally... right?
A few years ago, this lady from a village here in Portugal won like 50 million euros in the Euromilhões and the press would not leave her alone. People were legit criticising her for what she was doing with her own money she won fair and square and telling her what to do, media was following her as if she were a celebrity.
How did they find her or do winners have to go public in Portugal?
@@Te3time I'm not sure about the laws tbh, this was years ago. I think the names have to be published though.
Didn't I read somewhere you dont have to appear in public if you don't want to in Europe..cause if I had that kind of money am disappearing for a while.
one of my dads always say that if he won we would bleach his hair, tan and get blue contacts for the day he needs to take the pic (ct requests winners to receive the prize in public) then he can get back to normal and no-one would know its him LOL boomers are hilarious
So he turns into ken. Genius. Iconic.
On your point about charitable giving of billionaires, one point that I don't think is talked about enough is that the existence of billionaires (and their charitable giving) completely undermines democracy. An organisation like the Gates Foundation has more money than some countries, and two people (Bill and Melinda Gates) get to decide what to do with it, what problems are most important to solve, and who to give it to. In this way, they have more power than some governments. In a global democracy, the same billionaires would be taxed appropriately and their wealth redirected to democratically elected governments who then can decide (with the consent of the electorate) what that money is spent on and what those priorities should be. I know this is a bit of an idealised alternative scenario, but I think the fact that some wealthy individuals have more influence on the state of the world than whole countries is absolutely terrifying.
100% agreed
Yesss absolutely, great point! I think the rest of Robert Reich’s video touches a bit on that. It’s absurd and immoral for so few to control so much money
Yes! That happens in Spain too with Amancio Ortega (the owner of Inditex). From time to time he decides to gift a very expensive machine to some hospital and people go crazy, claming that he is such a good man... What they don't realisd is that if he payed his taxes in Spain, the amount of money the Government would get from him would be humongous! And with this money, the could do whatever is needed, not what he wants in that moment to do a great job of advertisement 🤷♀️
How do you measure how much money a country has? Genuine question. And how is taking away someone's possession in any way "democratic"? And in what way are they more powerful or influential than countries? Do they have armies? Fleet? APCs, hypersonic missiles, aircraft carriers, can they issue and enforrce their own laws, arrest and jail people without any consequences, commit genocides and start wars? Obviously their in no way comparable to an influence a country actually have, it's a league difference, you just haven't seen or met a country's full might.
@@tiffanyferg what's immoral about having money? You also have money. Is that immoral? If not then what makes them having their money immoral and yours not? The difference between your money and their money is strictly in degree and not kind
only time i won the lottery was £25 and i immediately lost that by just buying more tickets in the app that all lost 😭
bruhhhh
My brother won $300 off .25 cents in Las Vegas but he didn’t gamble more away. He saved it and now he sells snacks in highschool (my mom played the slot with his quarter for him) off the money he won to make more money.
I think my mom has won 300 from birthday tickets lol
enough for me 😬
hey Fraser, good to see ya here nugget addict 😉
I remember as a kid growing up in a lower middle class family not dreaming of any job but just fantasizing about winning the lottery and the disillusioned dream of that massive wealth lmao
in the early 2000s, my cousin won almost 20 mil in his state off of a powerball ticket. i am not really close with him (and was a baby when he won), so I'm not really sure how his life was before the money. but he had just had twin sons a few months before and was living in a not-so-prime neighborhood. he had two more kids, put them in private school, bought a mansion, provided for his parents/siblings, went on all the vacations, etc. he did eventually open two restaurants with some partners, but he paid for way more than his fair share and was taken advantage of. the money has dried up for the most part now, and now he's divorced, selling the house, and still has to put his kids through college. it's just interesting to have this all happen to someone in the family circle. hearing about the vacations slowly lessening each year , hearing about the new, smaller house they have their sights on , hearing from his parents about how his marriage failed because "they didn't have enough time together before the money". I think they'll remain comfortable for the rest of their life, but it's just been sad to see from a distance.
Great video! One thing to add: A major reason for investing money is as a protection from inflation, not just mere greed. However, I still agree with you on your "nobody needs THAT much money"-stance :)
Hahahaha true I literally forgot about long term inflation
When I was a kid we were on vacation and my mom won 50,000 on a scratch off. Was about 30k after taxes and basically we just spent the rest of the vacation ballin the fuck out. Though the other side of that story is that my mom was addicted to scratch offs and would routinely buy them by the book (the entire roll the store puts in the display case). My childhood was filled with trips to 711 where I’d be sitting in the car where my mom would buy scratchers, do them in the car, go cash them in to buy more, rinse and repeat. When she passed away we found about six duffle bags worth of used scratch offs she would hide all over the place because she didn’t want us seeing them in the trash. So…..the odds were in her favor 😂 Every now and then I’ll see a lotto machine and throw a buck at it for a laugh. Maybe someday I’ll get lucky and enact my plan to live in the middle of nowhere in a modest home and become a glutton for my hobbies.
Wow this is quite the story. I know how it feels to be reminded of something toxic your mom did when you were a kid and all the feelings and memories come rushing back in an instant
All of that aside, Tiffany would budget the fuck out of a lottery win if she did get it. I got the utmost faith in her financial responsibility.
Hi sir please kindly Help me
she probably does it now on yt
OK so I had this genius idea in college that I wrote a paper on, and this video comments section feels like the right place to share it because....y'all will appreciate it....it's relevant I swear!!! Basically, my proposal was that, in order to incentivize voter turnout, states should enter voters into a state-run lottery when they vote of only voters. After the election, one voter will win a couple million dollars. My argument hinged on the idea that (combined with making election day a national holiday), it would disproportionately incentivize low income voters, who are historically underrepresented at the voting booth (often because it's not financially feasible for them to skip work to vote). You know, might help even the playing field. And the rich folks wouldn't care as much but like, who cares about them, they already show up to vote! And it would be cheap, easy, and make people excited about elections, you know, add some real SHOWBIZ to the affair, gamify the elections a little. Anyways, I bring this up because, I had no idea when I wrote that paper that low income people spend proportionately more on lottery tickets than higher income people, but it totally makes sense, and it would've been the PERFECT argument for my paper like 10 years ago. And then I was like "I feel like Tiffany and her comments section would enjoy my novel idea about combining lotteries with increasing voter turnout". Maybe you did.
Also this was a really good video and something I've been thinking about/reading about a lot lately, so I'm glad you did a great job making some concise arguments (as always) because I feel like folks should know the risks that come with lotto winning! It certainly scared ME out of throwing my $5 into the ring for a ticket
I DID enjoy your idea, thank you! :) I'm in uni right now and the only thing all my essays and literature analyses etc always end up being about is capitalism=bad matter where I start and it's hella depressing alskdjfj Love me some positively phrased ideas, maybe it'll inspire my brain!
Or just make voting mandatory :/ in my country it’s illegal not to vote so they make it as easy as possible. Most schools/ town halls/churches set up voting booths and give out free food and drinks. Voting is always on a Saturday and you can prepole up to a month before. Heck we even have a voting booth in Antarctica so the people working on the station can vote haha.
@@Awseswa Americans would never go for that - something about their "freedoms". Hence my proposal that plays to their false beliefs in getting rich quick LMAO but yes I envy countries where it's mandatory and therefore there's a robust voting day culture. Maybe we can start here with it being a national holiday
@@Awseswa the issue that comes up about mandatory voting in my head is that people will just fill out whatever to avoid a penalty
One tip that responsible lottery organizers (not in France but elsewhere in the EU) have is to admit to winning, but lie about the amount. If you say that you won 100k or 200k, that's still a huge amount that you can buy a few nice things with and you can say you're investing the rest (whether or not you actually do that). The hope after buying a ticket is real. It's how they get you... sometimes I need a bit of hope, though, and if I can spare a few bucks, I buy some hope with it.
That last sentence hit me right in the heart. What the fuck man, that is so beautiful and so sad. I'm actually crying real tears now. Not what I expected from the youtube comment section today.
Same. These little slips are my sliver of hope that this stressful hamster wheel of debt and insecurity won't be the rest of my life. I know now I buy the ticket for the daydream, the fantasy. The older I get the more I fantasize. It's really hard not to wish for a quick way out. Things are so....so hard. And we all just want a break.
I always thought that the lottery could be used to bring so many more people out of poverty if a) the jackpots were split into multiple drawings (e.g., seven $1 million jackpots instead of one $7 million jackpot), and b) if it was more like a raffle where winners are guaranteed (you just have to get your ticket pulled in the drawing).
smart idea, spreading the wealth instead of hoarding it! this reminds me of a documentary i watched (living on a dollar a day) that featured a small Guatemalan town in extreme poverty. the fathers of several families would contribute equally to pool a large sum, and they'd take turns giving the pool to each man so their families could afford a large purchase they otherwise wouldn't be able to. wholesome af
Yeah but I guess this is not really the point of the lottery :P
Except they wouldn't have the $7 million to give because less people would buy a ticket.
@@thedarkness111 wouldn't MORE people buy tickets because instead of almost zero chance at a ridiculously large sum you'd be getting a much higher chance at a smaller (but still significant) sum?
it’s like this in australia where the more number you get correct the more you win, if you get all correct, jackpot! and the less number put you in the lesser division
Love love LOVE that you mentionned the FDJ (French lottery), it really speaks volumes about your research. In France, lottery winners can also chose to remain anonymous (most do). Even with the anonymity and the help provided by the FDJ, there are stories about the "downfall" of some winners. I don't know if they are more prevalent than in other countries though. They do generate a lot of traction, I guess humans are kinda the same no matter the country.
I like how you point out that a lot of lottery "curse" stories are just people without much financial education suddenly being wealthy. Some of them are truly dumbasses though. I remember reading a story of a lotto winner who immediately told their small town that they won, hired bikers as security instead of a real security company, and went around bragging about keeping large sums of cash at home. I don't think a post-win educational seminar could help someone like that.
That guy seems to be about the same level of stupid as that one internet commenter I ran across who waxed nostalgic about guns being able to be kept on the kitchen counter without the person's kids touching it but who claimed to fear someone breaking into their house and destroying property. As if said breaking-and-entering vandal (if such a person even existed) wouldn't just grab the gun off the kitchen counter first thing no matter how many spankings the homeowner's kids were threatened with. Especially because of the important little detail of the breaker-and-enterer not being either the homeowner or the homeowner's kids.
I read a galley book written by a guy whose job was to bail out lottery winners who had overspent and essentially ruined their lives. The book was a collection of cautionary tales explaining how each of his clients had gotten into the mess they were in and how their lives had been changed, as well as the lives of all the people closely associated with them. I thought it was pretty good. I don't know if it ever got published.
What's the name of the book??!
My mom and friends of hers lived to play the lottery and I got caught up in the excitement of possibly winning. Years later I realized playing & winning the lottery is as unrealistic as being in the film industry with the goal of becoming rich and famous.
It took me until the other day to realize that even though I've only bought 4 lottery tickets for myself in my life that I really just wanted to buy more and more and realized that if I kept buying them I would probably have gotten addicted to it. Like I find myself looking at the machine you buy them from in the store, and realistically knowing you usually lose, but I have to tell myself no.
if you wanted, every time you get the urge to get a ticket you could put those 2 dollars in a jar and then eventually have your own lil mini lottery.
The American lotto is so annoying imo, in most places you can't stay anonymous, you get taxed (seriously??? They TAX your lotto win?? What??) and the lump sum vs annuity thing is wild af. I my country you can choose your level of anonymity, you don't get taxed and you get it all, plus counselling if you win over a certain amount since most people are in a state of shock. And my country isn't France BTW, it's South Africa
Because the US Government is greedy as Hell...if an American were to win the lottery in a foreign country they would still owe tax money to the US Government....heck their citizens living and working abroad still have to file taxes to their own government on top of what they are already paying in the countries they live in.
@@Temboz that tax for working in other countries is a thing in all countries I think, you have to fill out a certain document to no longer pay tax to your country if you're working in a different country
@@slashbat2375 not really CBT or citizenship based taxation is mainly practiced by the USA and the tiny East African Nation of Eritrea you can even Google that information...other countries don't do that to their citizens unless some countries made amendments...it's only USA and Eritrea as far as I know.
The reason why super rich people want more money is that you quickly get used to a new lifestyle quite quickly, but after that it's hard going back to a more "modest" lifestyle. You get used to spend thousands in places where you were spending tens before. That's one of the reasons why it's often much harder to live by the same amount of money as an older adult who previously earned a good salary than as for example a college student.
My one takeaway from having to read George Orwells 1984 in high school was that the lottery sucks, in the book it’s just a way to keep the poor entertained and no one ever really won. As a kid I never really understood the point of wasting your hard earned money each week on the low possibility of winning and reading that book cemented it for me 😅
If I won the lottery, I'd put myself and my husband through uni so we could pursue our dream careers. I'd pay off my parents' homes (they're divorced) and help my sister with a home and new vehicle. My husband would set his twin sister and their mom up with a house and vehicle and we'd start a college fund for the kids. We would want to invest some for our retirement, but we'd also have talked about opening a charity for middle income people that are often smashed into the cracks of society. They don't get food stamp help, healthcare breaks, tax breaks, etc. Too poor to survive but too rich to get social support - those are the people we'd want to help.
I think lottery winners should definitely consult financial advisors and look into ethical investing that will pay them dividends over time. I don't say this because I believe people need to necessarily hoard or accumulate even more wealth even when they have more than they can spend; I say this because oftentimes those who win the lottery simply don't know how to manage their money so as to hold onto it and enable it to last long term. Financial advisors and wise investments can help them with that, and in turn, they'll be able to live comfortably and help those they love as well as strangers for much longer - ideally their whole lives.
jokes on y'all but winning the lottery will literally solve all my problems
The middle of your video hits the cracks of it for me.. I don't want to win the lottery, I want to live in a world where the basic means of a subsistence is afforded to everybody.
Honestly, winning lotto would change my life. I wouldn't have to work two full-time jobs to survive, I could pay off all my student debt, buy health insurance for my mom, and not have to live with 3 roomates. So, yes. I do want to win lotto. Upper class people and the rich telling us that we don't want to win the lotto is them essentially telling us that we should be grateful to be poor.
Girl why did you have to put that Diddy throwback in there? I was trying to be serious and I hollered so loud at that dance🤣🤣. He gets on my nerves. But I digress... great video!
I hate the lottery, its been a mainstate in my household growing up. We'd be able to fix things if we won, afford retirement, pay off my student loan and other loans, etc. Just want to kive contently, there hasnt been a single moment in my entire life where i havent been anxious over money. Its frustration and depressing aaaaaaa
If I won the lottery, I’d take the lump sum. Pay off my debts, pay off my parents’ debts, help pay for my brother’s college, move into a condo or loft that’s still affordable by my main source of income, plan some vacations, adopt some more cats, do some cooking/creative classes, get Lasik/Invisalign, fix up my car, and keep the rest in savings. And yeah I would donate… more to directly help people I already know. I would still want to work and keep my job, because I would die without structure plus I love my job.
Same. I might get a few frivolous things but I would want a modest place to live, give money to people who do matter in my life and to causes that I believe can make a difference locally and some worldwide. Definitely would consult a financial advisor but might lie about the amount...just in case. I don't think much would change about me other than some material belongings cause I have never really aspired to live in the rich neighborhoods or places they frequent anyways.
I’m now a mom and I recently discover on TikTok something called “the crunchy moms” which seems pretty odd, I would really like a video analysis about that… I learn a lot about what’s happening all over through your channel. Xoxo
I don't play the lotto so my money is going to Tiffany. Love your videos & takes!
I vote that you should be able to run a fan or something when filming. Don't suffer for your art!
I second this! I know the slight hum sounds like a wind tunnel on editing headphones but it's really not that bad for people watch on their mobile devices. My husband used to want me to turn the air off to film, but I was pregnant and shot it right down. The recordings were just fine
the only downside to the annuity option is that the yearly payments technically aren't guaranteed if you read the fine print
I'd prefer to pass on yearly parents if I won the lottery.
Ooh this is a really good point
annuity option is dumb as hell. you should take a lump sum and invest
That's what J.G. Wentworth is for!
@@lainiwakura1776 🤣
It is mathematically ridiculous to buy more than one ticket in an open-ended draw, it does not increase your chances of winning whatsoever. The only time buying more than one ticket increases your chances of winning is when there's a set number of tickets to be sold. Buying 500 Powerball/649/etc tickets is not going to increase your chances of winning. The only "lottery" I participate in is a provincial fireman's 50/50 raffle, I buy one ticket a month for $5. The pot usually hits 300K so someone takes home 150K, and the firemen get 150K. I feel like that's a manageable amount of money to win, you're not going to go insane with millions but it's going to help you out quite a bit. I do already know what I'll do with the money if I win lmfao, but I'm not counting on it or obsessed with it.
Wow jackpots in the US always surprise me. That seems so much for a provincial lottery.
@@amara560 me too, I'm Canadian and we have multi million jackpots with the 649 but I don't think it's ever been over a billion
You’re literally wrong. They draw a number which is 1/N possibilities. You also draw X numbers each with 1/N odds of being the drawn value. The bigger your X the greater your odds are of any your X being equal to the 1 they draw of the N possibilities. 10 tickets bought is 10 times the chance of you winning.
There’s not a set number of tickets sold, but there is a set number of number combinations. So for example, imagine there were 10 slips of paper with numbers 1-10 written on each one. Any number of people can buy tickets for this lottery. If you buy 1 ticket with 1 number on it, you have a 1/10 chance of winning. If you bought 10 tickets, though, with one of each of the numbers, you would have a 100% chance of winning. However, the more people play, the more likely you are to share the prize. Finally, if you bought 9 tickets with the same number on it and that number is pulled, you will benefit if someone else also chosen as the winner with only 1 ticket. You will get 9/10 of the prize, and the other person will get 1/10 of the prize.
The placement of the lmfao in the sentence was so weird :D
I remember watching how the lottery changed my life as a teen and this one couple was from my city and they talked about how tough their life was that they lived in the worst neighborhood in our city and they showed their old home and I then realized they lived one street over and it was eye opening because before then I was like yeah that does sound so horrible to live in 😅😅😅😬
As someone who won a chunk of money on a lotto, I can assure you - it was overwhelming happiness followed by overwhelming shame when it was all gone. Despite feeling like I used it on reasonable things (so to speak). I almost felt like I should have just kept it in my account to not spend. Everything felt like I should be guilty.
Thanks Tiffany for this video, it really puts winning the lottery into an even more realistic light as not only do you point agin how extremely unlikely it would be to win a ticket, but also point out how much of it goes back to government, ridiculous how much is carved out at the end.
If I won the lottery: -buy or build a nice house in my area full cash -finally start the business I want to do -pay off any medical and school debt -create trust funds for any future children -buy my sister a house -buy my brother a house -pay off any of my close families debt
Tiffany I love the content you post it helps me get through my busy workdays/ cleaning days.
You did a great job on this video. Thank you for taking the time to put this together. Your hard work did not go unnoticed. A good watch 👍🏾
growing up, getting lottery tickets were an important thing for my parents. i'm 26 and we live in different countries, my dad still gets a ticket whenever we meet, trusting "my luck". sadly for both of my parents, the only way they would erase their lifelong debts is winning the lottery.
Please Tiffany, stop reading me for filth with this title. Let me enjoy my capitalist pipe dreams in peace 😭😭😂😂😂😂😂.
🤣
I never rewatch things but this morning I was thinking there was nothing good new on KZhead so I had an Internet Analysis binge listen on my commute to and from work, only to get home to a new upload! HELL YEEA
People get financial advice and to keep their identity private in some European countries. Most of the times it’s optional to announce you’ve won which makes it even weirder when people are on tv telling everyone!!
winning the lottery sounded all fine and dandy to me until you mentioned that these winners' info must be disclosed to the public. hellll nooo; that shouldn't be allowed whatsoever, it's extremely hazardous
My grandma won the lottery and she avoided the tv, she really didnt want anyone to know including the family
i will watch anything tiffany makes because it's all so well researched & entertaining but this was fantastic!
the way i could never predict what your next video would be about.. and it's always SO interesting
I worked at a store that sold lottery tickets that had a group of college students come in and do a similar thing to the Jerry and Marge Go Large premise (they are a pretty famous group now so you can probably figure out who these students are...) but in order to get around the worker-only lottery machine operating rule, the store I worked at just hired them for minimum wage an hour (like $9 in MT) and the state lottery official was PISSED. But the state couldn't do anything about it. When they won they paid the store back a significant amount more than what they were paid in wages as a thank you. It was a pretty neat thing to see up close like that.
It’s funny to me that you chose advertisements for the West Virginia lottery because I used to work for a small decoration company based out of Philadelphia that made tinsel garland, inflatables and vinyl signs and one of their biggest contracts was the West Virginia lottery, I made so many vinyl signs announcing winning tickets had been sold at various gas stations and convenience stores!
I love your series sooooo much, it’s a highlight for me. I turn 18 tomorrow and this was a great gift. It also really exemplifies how I’ve grown up.
Happy birthday 🥳
If someday I won the lottery I would probably vanish from my city with my mom, I don't trust my relatives one bit.
The modeling in this video is EVERYTHING💯💯💯 HANDS!!! LAUGH! I love it
on the topic of counseling and assistance for reality show contestants - as a fan i know that survivor started providing counseling for all contestants after their run bc even those who don't win it can be an intense psychological experience to go through that and suddenly be known on tv. def think all reality shows should do that
you holding the mic for the entirety of this recording isn’t talked about enough cause my hand would die 🫠 I love u Tiffany
Last Week Tonight did a really good episode on the lottery that dives deeper into the whole "Your money doesn't really go to where you think it does" aspect.
Winning the lottery could immensely change my life for the better. But I also know that I can barely manage a small windfall of like $100. Living paycheck to paycheck really screws with your spending.
Tiffany you did a great performance! Interesting, informative, and funny video! Keep up the great work!
Wow… I never considered the way the lottery could be construed as a way of “helping” because of the taxes. It’s hard to wrap my head around that. In Canada lottery is tax exempt - and we typically also have caps on the maximum jackpot.
Tysm for the captions!!
wow i literally have never even thought about big lottery winners being targeted omg? u finally get a taste of financial freedom and u have to worry about people coming for u? but u were v right like aren't we all a little jealous of them.... let me win sob...
i would LOVE to win the lottery, it would obviously be a life-changer. buuut, I have heard horror stories about taxes, ppl coming out of the woodwork for money, robberies, etc etc.....so I will def watch and take in all you've learned and have to say about the topic.
My rent went up 200€, food is getting extremely expensive, so yes, I really really want to win the lottery. Where I live, a decent house with a yard starts at 1 million so
Houses are bad anyway. We should all be living in dense urbanized developments.
@@yungrichnbroke5199 I hope you're being sarcastic. Houses are better and you don't have to live on top of your neighbors.
@@yungrichnbroke5199 doesn’t matter, both houses and apartments are pretty much the same price
Houses are unsustainable and generally car-centric especially when they have lawns. That’s terrible for the environment.
Another thing I often think about is how ppl judge winners who lose their money I mean yeah obviously don't go into debt or whatever but I feel like if you get to just live your best life for 5 years and then you have to go back to regular life that's still a net positive
I agree with all of this, especially losing your anonymity.
I like your take on the Billionaire's club. There really is a mind set from people who have money or have power that looks down on others not from the same background as them. You can have all the money you like but if you are working class poor you are just working class poor with a lot of money. Condescension. What I noticed when working in a profession that is high paying is the contempt that many in this profession had towards people who were poor or just not successful. It is pretty creepy, and makes your skin crawl just listening to how they talk and look down on others who do not meet expectations. Regardless of how much money the person viewed contemptuously has come into.
Ooh ooh I would love to hear you talk more about the nonprofit industrial complex.... I used to work for a nonprofit and the entire sector is notorious for burning its workers out. The nonprofit I used to work for has had SIX executive directors in the 8 years I've had connections there... And because of this, the org at large never makes an progress, and each new generation of leadership repeats the same mistakes over and over and over. People always leave in complete distress and don't stick around to pass on their wisdom to their successors. But on a more macro level, nonprofits play a KEY role in capitalism at large, namely they exist to help the wealthy feel less guilty about their wealth. Which means at the end of the day, regardless of who the org claims to serve, their ultimate client is the millionaire who will donate enough to keep their doors open for another fiscal year. Of course, I'm talking about nonprofits that were created by normal folks like you and me.... This totally ignores the nonprofits that the ultra wealthy create to funnel their funds into a clever tax shelter. Seriously Tiffany, I would loooooooooove to watch a video on this!! Please!!!
So interesting! I was one number off winning £10,000 every month for 30 years (it's called the Set for Life lottery in the UK) and it made my husband and i feel DREADFUL for weeks on end - we just kept thinking what if! We haven't played it again since.
Hii
I swear you find the most interesting topics to tackle! Keep going, greetings from Spain :)
I finished your video and watched the movie Jerry & Marge go Large and I loved it! Thank you for your recommendation ✨️💖💖
If I ever get struck by lightning and survive, the first thing I'm going to do (you know, after recovering) is buy a lottery ticket.
STOP THAT WAS ALSO MY FIRST MOVIE DATE! the sweaty hands!!!! Had our first kiss in the car! Ah to be 2008...
Now i am realising did you gave your animation and voice to some games? You are amazing! If you gave, those were my favourite characters, and now i found you, the long lost vlogger from 2012! My account got deleted and i lost you and nearly 10 years later i found you and didn't even recognised that you were probably the pioneer of starting vlog on KZhead or anywhere. For me atleast, you were the first girl or anyone who was so real, or open, or truthful about their life, it was unimaginable, to the whole world of Internet, i think you changed my mindset and worldview completely, i don't think anyone can grasp how big impact that had on everyone, let me give example, just because my worldview changed, i reacted more openly, to others, like you are the source beam and i am just a transponder, now multiply that to how many people used to watch your vlogs. I think i can say you changed the world, atleast for me. And that's not adding your contributions to games! And you still young and changing the world with your podcast or what these are! Are there any words even left to add? Or explain and describe what kind of impact in that short time of defining period & evolving of Internet were you making impact. Please why are there no ads whenever i click on your videos? Others have atleasr 8 ads in 10 or 12 minute video, but you never have any, how will you have money? I love your genuineness, but don't lag behind other, who copy you, that is the whole world, we are from defining generation, we have to mold and carve the world for better functioning and correct what we faced all wrongdoing done on us by older generations, by having all control over money, and not sharing the wealth with us, the younger generations, and for anything you will do, you need proper supply for yourself and to proper care for you. So take care of yourself too.
Title: Haha, unless you are German. Recent lottery winners in Germany kept it secret even from their families. There was one 25 year old guy winning approx € 20Million. He did go on with his crafting job. He kept anonymously, only his girlfriend was aware about it and stayed quiet too
So how do you know? 🤨
@@Te3time there was a newspaper article of the lottery shopowner who knew who won the 20€ million but he promised to keep it a secret who it was.
I grew up in Florida and the lottery was established there in the late 80s or early 90s, I’m pretty sure by referendum but my memory may be faulty on that. Anyway, the big vote getter was using lottery funds to supplement education. But, just as you said, they threw in the lottery money and moved the equivalent amount to other budget categories. So, one of my HS English teachers sued the state. Unsuccessfully, but I was glad she tried.
begging you to never apologize for how you look ever again
I watched a lot of videos about winners. Some of them had a very good heart and gave millions to charities, before lost their wealth. Common factor is addiction and family problems too. I think learning about personal finance is essential even if you don't won the lottery.
There's a program in Amazon where they DONATE TO YOUR DESIGNATED CHARITY "IN YOUR NAME" for every purchase. We don't get credit from it, but sure as hell Amazon is, and they don't need to take much from their profits to donate.
They are not the only ones: clothing stores, grocery stores,... this way they get tax breaks.
The UK lottery is quite good, you can be anonymous and its tax free. Naturally some people do f it up though similar to those stories. Agree you won’t need more money but still it’s always good to be smart with your money, I’d be getting a financial advisor
It’s funny because I was going to mention that Walt Whites motive from breaking bad *spoiler alert* is to become a Billionaire like Gretchen &Elliot, so the millions he brings in pales in comparison in his eyes and keeps him striving for more. And then you mention Jerry and Marge go large and Bryan Cranston is the lead in that movie as well. I didn’t realize the lottery was state funded, now I’m curious how it works in Canada.
I love the dewy shine, pet hate that your avoiding the ventilation because of us !!!
Me, a semi-impulsive ADHDer: "you should take the lump sum cause you never know where your life is gonna be in 10 years, or even alive y'know?" Me @ myself: THIS IS EXACTLY WHY YOU SHOULD TAKE THE LONG TERM PAYMENTS 😂😂. Like, I don't think I could spend multi-millions all that fast but getting middle class yearly income amounts of per year or month or whatever should give that same exact feeling of being loaded while still having the ability to limit oneself somewhat. Anyway you're apparently statistically more likely to experience a lot of other rare things than win the lottery, I've heard the lottery is another tax on the poor and it makes sense when its been explained. Also the public lotto winner thing is extremely dangerous I still don't get why they allow the names to be public. They can make sure its real without forcing publicity on every winners.
i thought she said that taking the lump sum and investing almost all of it yielded the most "earnings" overall
Honestly yeah where I live we don't have a payment option you always take the lump sum but we also have way lower jackpots. If you win enough that you'd get paid over a million a year idk why you would take the lump sum lmao. I mean payday would be like winning the lottery once a year at that point and you already have a budget and everything it sounds ideal to me
@@Te3time agreed! When I heard how much the payments per months were I was like dang nevermind, just take that!!! It's like having a job without having to have the damn job! Would be heavenly as a disabled person.
@@ollie2111 get advice from an expert! i think investments like property will at least be a little profitable? charging rent? not that i condone this i know very little about this but this is just an educated guess
@@lily-pl6eo fam I do not have lottery money, also landlords are awful.
I’m french and i didn’t that there were a support system for the lottery winners. I checked the dates and it only started in december 2020, so it’s to early to see if it’s really working.
Hi! You should really watch the documentary "je rencontre des millionnaires du Loto" by Hugo Décrypte. It gives you a good idea of what happens right after you win the lottery.
Sooooo, this video took me over 2 hours to watch because of some research i had to do in the middle in the video, and watching the movie thanks hahaha
I was listening to this video, and 15:01 made me think my KZhead Premium glitched or something. 😂
I grew up in Vegas so I never realized how heavily the lottery is being pushed in other states since it’s illegal in here. You basically gotta drive to a border town to get scratch cards. Those commercials are wild lol.
Ironic considering how Vegas is so known for casinos. Do you think it has anything to do w/ being competition for casinos?
I really want to win the lottery, Tiffany
the queen is back!!