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You are watching: DUMBEST Ways #lottery WINNERS Went Completely BROKE!
#lottery winners often times make millions and millions of dollars, however, many of them end up going completely broke due to really terrible decisions. In this video we go over the craziest #lottery winner stories about #lottery winners who somehow managed to lose it all. From some of the biggest powerball winner ever, to mega millions #lottery winners and even euromillions, these #lottery winners come from all over the world, and their stories are all surprising.
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Thank youuuuuuuu. Best wishes to you and your loved ones and lots of love and respect and greetings from me in Amsterdam the Netherlands 🇳🇱
The illegal immigrant did get his money and was able to stay in the country until the lawsuit was done.
Luck isnt a thing
No
⁶😅
The best thing you can do after winning the lottery, is not tell anybody. Then call all your family and closest friends and ask to borrow $3000. Tell them you really jammed up and you really need the money. After everybody has denied to help you, wait a few days and announce that you have won the lottery. No one would dare bother you for money. Problem solved.
😂😂😂
Oh they will maybe not all of them but you can bet some will still ask you for money
A have eyes the back of your head.
Really?😂. I think they'd still stick out their hands and cry about being broke, with a loaf of bread under their arms.
every family member every charity. if i won after the atterny and accountant i would go dark.
There is not such a thing as a lottery curse. Its stupidity of the winners that they lose their money.
A lot of them seem to attract people that are 20-30 years younger, (aka gold diggers), who give them the slip as soon as all the gravy is gone. I don't know how it is even physically possible to burn through $30 million in 2 years. You are right, there is no such thing as a curse but people can lose their common sense with $. Even smart rich people are careful (re-investing wisely), otherwise it's amazing how quickly it goes.
Exactly
Absolutely, i agree with you 100 per cent, very well said.
Yes exactly 😊
noWay
The intelligent people who have won the lottery, the first thing they do is disappear and they are never heard from again.
And realise who are only fair-weather friends.
YES..... The media hype em . They need to leave em alone
You can set up protections without having to disappear.. there are lots and lots of multimillionaires in this country that don't hide. But before you claim it get a lawyer and a well established fiduciary. Then set up an llc.. a company that you ate the head of.. but it's not your name. With good people you can set it up so your money is invested and the gains are put into a secure account that's managed.. basically all you need is one card . Your account is always filled to let's say 300 grand automatically and the residual is reinvested into the existing portfolio. No worries and you can buy or do anything with that card.. hassle free. Since it's run through a llc company.. folks can't steal it even if they know your personal info.
Damn right.
Ibili na lahat ng shabu
Forcing winners to expose themselves, is the worse rule the lottery has.
11 states allow you to keep anonymous.
The reason to force winners to reveal their name is to avoid fraud.
@@thehammer4625 I'm speaking about telling the general public. It's none of their business to know your business.
@@Bobbysheresomewhere Must be another one of your famous and Great Americans Freedoms, to decide for yourself if you want the world to know that your just became a millionaire, and making yourself more at risk of wrongdoings by money hungry criminals…. Ow wait……. You can NOT decide that yourself…… 😂😂😂😂
@thehammer4625 but it does make them a target.
If you win the lottery, get a financial advisor, get a lawyer, and tell as few people as possible.
Thank you
I don't TRUST lawyers!!
no, read about money and how to maintain it
A reputable FINANCIAL ADVISOR, as they also have been known to “embezzle, leave the country, Ect…) I know of these situations with friends.
Also tax advisor should be added to your team
If I ever win the lottery, first thing I'm buying is a *mobile home* . Apparently, it's what everyone ends up with, so might as well get that box checked off right away roflmao
Actually what you could do is even put it on a plot of land and bare minimum it’s a good getaway home if your regular home (depending on if you bought an actual house somewhere) has something happen to it or just get bored with it.
Now that was insightful as well as funny as hell...lol! Best comment
I already have a mobile home and plan on fixing it up but still want a doublewide and rent out the singlewide.
Dude that is great . Go ahead and make that purchase. Get that bug-a-boo out of the way . Funny comment, thanks 👍 But in reality buy a whole mobile park community. They are great investments . Warren Buffett owns a few . Guaranteed returns and just keep raising the rent every year . Sad but true .
😂😂😂❤❤
Unless you win over $25 million dollars, you don't go buying million dollar homes. You will have to pay the property taxes annually and the more your home grows in value the higher the annual tax.
Not to mention grounds/house keeping. I wouldn't want a house that big.
@@stoveboltlvr3798 I always say if I can't clean my house in 3 hours....it is too big. Wouldn't want it.
@@5GreenAcresthere are maids to hire, u know
@@brunoutechkaheeros1182 I owned a cleaning business. Too funny. That is why I always said....if I can't clean my home in 3 hours it is too big for me. My opinion of course.
@@gags730 Unless the tenants don't pay rent. Then you lose the property.
You want to see the true character of a person? Give them money 😂
You want to see the true character of a person? Take away their money. 😐
The fact that some these lottery winners (losers) gamble AFTER WINNING means to me that they had THE GAMBLING SICKNESS BEFORE WINNING
Or that they thing the have all of this disposable income so they can afford to gamble and before they know it they have a gambling addiction and have blown all of their money
Exactly. Like that woman who once twice. I guarantee she spent a significant portion of her first win on tickets for the second win.
In 2016 I won $175k in the lottery. Cleared $120 and I still have money in the bank 😊 I do take public transportation but I bought a condo and fixed it up and I bought a really cute purse 😊
You are one of the smart ones!! Congrats!!
Wanna adopt me? I keep a good house and cook!
A purse. How symbolic right?
That boss that took the guy’s winning lottery ticket is a real d-bag.
That boss and the waffle house waitress both are never going to have good fortune whatsoever. Evil doers never prosper. The thing about karma is that it may not come right away, however when it strikes it does so like a snake bite.
A man's character determines his fate ~ Herodatus.
Agreed. I hope he truly reaps what he sowed.
Money can't ruin your life! You have to do that on your own!!!
I'm constantly amazed at how some people have no financial sense.
I won the Lottery in Nigeria recently. I had to send $2500 to get it sent to me. I'm really excited and waiting.
You should send more money, they will probably send you your winnings sooner 😅
U r going to be waiting your whole life. That's scram
Lol I hope your joking cause those are usually scams.
🤣
😂😂😂😂😂
I know a friend who won 16 million in Canada he used loto he helped his family and after that he helped his sick wife after she died he still has 14 million and he has it in a bank no flashy cars or home s same place 48 yrs paid off decades ago he also put in shares in bell telephone 2 million in a online business and sits back recouping his money on interest money has not changed him he lives a simple life only thing he upgraded TV and internet security inside and out of his home and goes about his days enjoying life
Now that’s what I like to hear someone who is smart and didn’t piss it away 😊
Bro used to having money they not
Smart
Has 14 million in the bank? Not very smart. Wait till the government converts dollars to the new revaluation and dollars become little worth.
“The only thing he upgraded was a TV”? Sounds like you’re over exaggerating
Doesn't matter how much money you have, you still have to budget.
Even if we had the fortune Musk has which is between $200-$250 billion.
He...dipped his junk into paint...lead based paint...nothing of worth was lost.
Yep. Instant Darwin Award.
the nice paint was lost
What we cal... Natural selection 😂😂😂
Humanity dodged a bullet dealing with his future offspring. 😂
By disclosing any winners name and location brings out endless greedy crooks and scammers!
The lottery curse? Funny how the people who retain a financial advisor, and follow their advice, don't wind up with the lottery curse.
Financial advisor.s are the biggest crooks
Unless your financial advisor was someone like Sam Bankman-Fried.
I do believe the lottery doesn’t have any curse, the greediness in people always push them to a lifestyle they don’t need at the moment. There are thousands of ways to celebrate a win, be cool, be calm, calculate your worth and hold yourself accountable.
By and large the people who play and win the lottery are people with no experience handling large sums of money. It’s not necessarily a curse, it’s just inevitable that someone who doesn’t understand the economy, investing, assets and liabilities will lose everything pretty quickly. Especially if they use their new financial status to break away from a low social class causing envy and death threats.
Must’ve missed the Spaniard that trusted the bank who wiped out his winnings due to…financial advice
A friend of mine won 2 million in Florida. He moved away for over a year to get away from all his relatives.
you have to. every fucker thinks there owed something.
@@gogereaver349maybe your relatives do....not mine!
@@CanMoose did you win a big lotto
@@gogereaver349 did you?
Mine either
If I ever won the lottery, the 1st thing I'd do is move to a place no one knows me.
Great comment!
Then you’d be depressed
@@evansherman5564I wouldn't I'll be happy and blessed.
I agree with the comments below, if I won a million+ dollars I don't want people to know my private life because then people start bugging you for money. Then if you fix up your house, buy a car etc the neighborhood knows where you got the money and say "it must be nice" I don't want nobody to know my business!!!
I wouldn’t fix anything I would be gone to start a new life anonymously somewhere else😊
True
@@JohnWick54935 depends how much a person wins it would make a difference.
a mil plus is only 50k a year if you took the payments.
@@gogereaver349 Dude, I live in a extended single wide mobile home, it needs about 15k to bring it back to mint condition. I have a 16 year old car with 210k miles, I'm 57 and a washed up drummer broke, if I had 50k a year for the next 25 year's trust me I'm living comfortable!
A HAPPY TEENAGE-LOTTERY-WINNER STORY: In January 2023, Juliette Lamour had just turned 18 years old (minimum age to buy a lottery ticket in Ontario, Canada). She was on her way to the lotto kiosk at the local corner store and called her dad to ask what she should get. He told her to just get a Lotto 649 quick pick (there are 49 numbers to choose from, and 6 are drawn. A quick pick is when the computer chooses the 6 numbers for you). Her ticket won her the $48 million CAD jackpot. Now she won't have huge student loans from her medical training to be a doctor. Dad is a financial advisor, so you know she'll always get good advice.
How noble of her to work as a doctor after such a huge windfall. She’d have to work 100 years as a doctor just to get that sort of money hahaha
Maybe even 200 years at $240,000 a year 😂
in canada thats impresive but with that money she could invest in an american hospital and own a share of it, transfer to work at it, draw good wages, and draw income from the ownership shares. but its not very charitable... unless she used part of her earnings to help people each year, but nothing says she would have to.
Makes ya wanna cry when you hear these frustrating stories. So many folks could really use these funds responsibly & these crums squander it away.
I agree. Even intelligent people, who already had money, STUPIDLY squandered it, and destroyed their lives.
The next segment was who did well after winning.. good luck lol
Animal shelters in great need too. Sick children. Starving people overseas. The list is endless for the good that could have been done.
@@nicholasnicotera8050 I'm guessing we will never hear about the winners that did screw their lives up because they were smart and kept their lives private and didn't advertise their winnings.
😂😂😂😂 seriously
Blows my mind how many people won 10 million or more and still went broke. Spend a million if you want to to get it out of your system. But safely put the rest in something conservative that keeps up with or beats inflation. Then live off the interest not touching the principle. And investments? You could invest if you want to but with $10 million, you dont need to invest anything. You have $10 million dollars. More than 90% of the world will ever have. Just save and protect the money.
Yeah, i mean with 12mio you have 10000/month for 100 years. Way more you need to live a good live. But some like to spend money on crab they don't need.
💯👍🏻
Literally I wouldn't even know how to spend a million dollars. My first day with it, if I went absolutely crazy, I'd say two or three thousand, and that would be just to get up to a comfortable level.
I thought in America if u won $10mil ,then u will only take home $5mil cause IRS take 50% of the winning money....is it true 😲
@shintasyahputra1695 yes. Around there. But if you invest it probably you can live off the interest and never touch the 5 million.
No surprise that people who gamble on winning the lottery then lose their winnings gambling
They go in with 1000$ then leave the casinos bragging about winning 700$ 🤦🏻♀️🤦🏻♀️🤦🏻♀️ it's the high you get when you win that overpowers the common sensed mind. An old friend of mine had a monstrous gambling addiction and would spend up to 1200$ almost every single night and only walk out with 500$ to 800$. Hed brag about it like he was so lucky and better than everyone else. I always just sighed and kept my mouth shut as the time I told him "you came with 1000 and are bragging about winning 600" he got extremely pissed and cussed me out. So I just never got in the middle of his nonsensical gambling habits. There were times he would double the money he went in with. But that isn't gaining when you take the winnings back to the casino and pretty much give it back to them. People's common sense is so easily obscured, it's actually quite sad.
Fancy Cars & pointlessly big Houses seem to be a popular way to waste money. Boats & Planes that require constant expensive maintenance are another less popular way to waste money. "If you don't know how to make money, you certainly won't know how to keep it", is well illustrated with these people.
I'd buy a standard house and a rowboat. I like rowing.
To each their own..I am going large though I definitely want a private plane and a yacht and house with 10bathrooms.
Annnd there goes your winnings.@@hmartin751
@hmartin751 I know right
Give a poor person money and most will work their way back to being poor....
It was nice of the church to help out good ol' Billy Bob, when he lost his fortune. Oh, wait. They didn't? I am shocked! Then again; those private jets the "Pastors'" need to fly around the country, speading their "message", AIN'T CHEAP!!
My thoughts exactly!!!!!!!!!!!!!!!!! Billy Bob Who??????
No but what they is selling, including himself" are also "cheap" morally.
If we hit the lottery, and there’s any money left after paying off the wife’s credit cards, you’ll never see us again. We’d be very generous but we’d do it entirely anonymously.
And if you live relatively simple lives you can tell whoever is hitting you up for money that it's all gone now.
IF your wife is addicted to charging on credit cards, your debt-free life will be only temporary.
@@Bone89 Yup.....That's what I had to do with my first wife. She became addicted to the shopping channel, bought huge amounts of 'stuff', then ran off with a former friend of mine. I eventually divorced her over it and it took me years to become debt free. My 2nd wife is the opposite, and at age 83, is still working as a garden designer and implementer and earns more money then I do.... (I retired at 70)
first thing you need to do is leave that wife. if shes racking up debt now imagion what she would do with money.
"They bought a million dollar home" In California, thats a fixer upper.
If near Beverly Hills, Hollywood and Malibu perhaps, but if Death Valley, California maybe not.
Now an average middle class home of three bed rooms is a million dollars in the big cities in California.
@@ScorpioBornIn69 that would be a million dollar condo in suburbia.
No it's not, I live in Southern California 15 miles from the beach and my wonderful newer 5 bedroom/2 acre property is worth one million. Only if you live directly on the coast is this true.
In Georgia, a million dollar house might get you more
Nr 22 his wife must be an angel after she came back when he did not had any money left....he can be so lucky and I think he hit the jackpot with this woman.
Yea I couldnt believe it. She really loves him.
Money doesn’t make you any smarter!
I would be happy to have a house that is fully paid up one vehicle paid up and the rest would be invested so that I can live off of the interests alone.
That would be the safest bet
💯💯💯💯
If I had won a big Lotto prize when married, my first investment would be a divorce. The very thought of having enough money to set you well off for life then blowing it makes me suicidal. My wife wound up inheriting $300K, she promptly used it to leave me. Four years later she was found in her tiny studio apt dead on the floor and broke. The kids asked me if I wanted her car, when I looked into it, the payments were $660. month for 40 more months. I passed on the car. The funny part is she grew up fairly wealthy and was a damn fool with money. I grew up on the poor side and I have excellent money planning skills.
Isn't it ironic? He won the lottery and died the next day.
31:43 that's totally not what a $150k plane looks like. You wouldn't even get an engine for such a plane for that price.
I am currently 82 years old....NEVER bought a lottery ticket in my life. However.....still do ride a fast motorcycle!
68, same philosophy ;)
Sir; you are pretty damn cool!
Unbelievable, use the winnings only to pay off you properties and pay your bills, you can never live like a rockstar unless you have a rockstars income, not just a one off win 😫
This wasn't a lottery winning, but a friend of mine who was flat broke and living on the streets found out that he was the only heir of his great aunt after she died. He got $260,000 after taxes. He hooked back up with his girlfriend, a compulsive gambler and after taking me and a couple of our friends out to a night of partying in the Fort Worth Stockyard area in the new car he had just bought, he went back to his girlfriend's place. The next week he and the girl went to Bossier City, Louisiana and began hitting the casinos. They lived in hotels and ate and gambled at the casino. Within a year, he was back in Fort Worth and working at Walmart.
Lol ..fool
A fool and his money----😢
I am almost 70 years old. I have seen so many people squander inheritance and lottery winnings, it's painful to remember. From Super Star athletes to "Rags to Riches" homeless street people.
...and his girlfriend became his ex...again, no doubt! Oh well, at least he enjoyed himself - for a year 🙄
😢😢😢😢😢
I was a foreman on a jury in Omaha, Nebraska where one of the witnesses had bought into a meth ring with his winnings ($2.2 million) He more or less bought an orange jumpsuit and a pair of handcuffs to go with his prison cell with his winnings.
I guess free eats n sheets and adorable cuff bracelets are something. I sure hope the rest of the cartel got the same for taking his money obviously he has a slow iq to be enticed into a deal like this and they may have turned him in if he was asking for his money back. Rolling over has been away to get a reduced sentence for a long time. This is sad.
@@gags730 I'd sure like to try though.
“Bought a meth ring with my lottery winnings” sounds like a top 10 country music hit. 😂
When I win Powerball, I am glad I live in a state that does not require you to tell everybody you won.
What some people do is form an LLC, a type of corporation that takes maybe an hour in a lawyer's office and a couple of hundred bucks. Then the LLC, with you in 100% control, can claim it.
All of these could have been avoided if financial literacy was taught in public schools.
thats such a blanket buzz word response. I'm pretty sure most schools teach this, the reality is that students are lazy and dont remember everything theyve learned
hire an accountant.
Teach the students financial when some of them can't even do simple math?
I just want a good home , money for my kids and wife and thats all .we could spend our days just chilling , camping, whatever. You dont need multi million dollar homes and expensive toys with expensive upkeep . Just enjoy the fact that you can stay home and enjoy life without having to work for someone else damn . Imagine all of the fun to be had when you are financially secure.
Well said I agree
That last sentence is what ruined a lot of winners.
@@edmartin875exactly
The illegal immigrant who won $750,000 was able to keep his winnings! It is true that he was jailed for threatening his boss, but he sued and won the right to keep his winnings. At the time of the lottery win(2010), Georgia lottery had no rules about immigration status. There were video showing Cua-Toc purchasing the ticket and later, showing him checking the ticket in the store and raising his hands in celebration! He did, however, voluntarily go back to Guatemala.
Yep.. he was outed as illegal after the media attention his story got..
Thanks for the info. He deserved it. What happened with the boss?
@@ridita5221 The article did not say.
@@ridita5221the boss is selfish, should go to jail.
Winners should be legal residents.
Francisco’s story is so sad. To everybody saying that you should just invest it, he tried… But when you don’t know all of the loopholes and tricks, because you were given that knowledge by family, you can still get screwed. I don’t think he deserves to be called dumb. Naïve maybe.
I'm convinced I'd just lose it all in one trip to Walmart to go grocery shopping. That's what I do anyway, lol. Sneaky bastards.
1) Form a trust if possible and have it claim the winnings 1.5) If not, expose yourself, take the money, CHANGE YOUR NAME AND ALL CONTACT METHODS, AND MOVE. 2) Find a sustainable, nice but affordable NON MANSION home base AWAY FROM OTHER PEOPLE 2.2) Buy a decent NOT NOTICEABLE daily driver and maybe a pickup truck. 2.5) INVEST in security cameras, fences, good doggos, etc. Picking something less flashy and more rural is ALSO a wise security move 3) Invest the rest so that you get a nice fat stipend for life every single month or week or whatever 3.5) Help your loved ones or even strangers as you choose, not as THEY come swarming you like ants. 4) RELAX AT LONG LAST. Yeah, illegal immigrants also "can't" collect welfare, yet here we are.
very interesting and well-paced vid. I planned to watch a few minutes but found the entire vid to be fascinating. Well no more procrastinating...gotta do my budget for the month!
😅
I remember that life. Wife spending like there is no tomorrow and me writing checks for $5 to make sure every debt has a payment.
1,000,000.00 Is a lot to win but, It is not enough to go on a spending spree. A person can only drive one car at a time.
Even all my luxurious wants would not exceed $1 million
Let's hear some positive stories of winners that were smart and succesfull !!!
That would be about 30% of lottery winners. The other 70% go broke or file for bankruptcy within a few years.
They stay low key and you never hear about them.
Not enough of those to do a 10 minute video.
Sorry, winners don't usually WASTE their money on lottery tickets!
There is a video for that. It's on my 'Recommended' list.
I just got a sense of relief after checking my lotto ticket and noticed I'd lost.
lol
In Australia there's no tax on lottery winnings. If I won, it would go in the bank, Untouched to gain interest, which I would then live of.
Same in Canada but you have to be identified and you declare interest as income.
Then you nothing about money, banks, devaluation and taxes..... Aka it is not that simple as 1 2 3....
how long before you lose it to hyperinflation?
@@punker4Real Just set up bank account in the various currencies (and obviously at various banks too)
Everyone says that; it never happens!
It would be nice to hear stories of people who not only lifted themselves up, but donated to charities with lottery money.
I like the idea of getting wealth the right way; work for it.
@@QuantumEffectResidueif you're lucky enough to win 800 milion why not
They the ones who keep quiet
Did you not watch the video? Did you not hear about the countless donations made and churches built?
I will never win a lottery because I never play them but if I came into I would donate it all to animal rescues.
Psychology is fascinating. Some things I would just never spend money on...like fancy cars, gambling, and drugs! WTF!?
well this explains why many mansions are left abandoned, all i gotta say it's their money, they can do what they want with it , but this is truly sad.
Buying a football club...are you @#$%ing serious?
It is HIS life not yours!
House was foreclosed. Car was repo'd. I don't understand why people who win big money buy things with loans.
"Ill gotten gain is nobody's gold" Let that sink in.
Gough is pronounced "Goff", not "Go". Just a note here, UK lottery winners do not pay tax on their winnings, just on any interest accrued.
Same here in France...
Same here in Australia.
In the US it's both and more. Lol
Wow. Imagine how the kids felt @the time, unwanted-attention, jealousy, etc, & ongoing years, knowing that their own lives &even their childrens lives COULD have been totally different: comfortable, secure, happy, healthy, fed& watered... iF their selfish parents had thought about them 1st &put some or ANY money into a fund... 2 b protected until needed. The resentment would be difficult 2 dismiss... or forgive. However, hopefully it may have taught themselves lessons 2 appreciate & make the most of their & their loved ones future... Good luck & God bless us all X
# 32... She isn't even smart enough to know she was committing crimes, let alone that she should hide them.
Hell. I'd just fix the whip, fix my boots, n pay offa my families debts. I don't understand how you can grow up poor n then just blow a windfall like that. Think of all the doors it could open up for you're kids.
Hahahaha that is the right way of thinking, but when you have never had anything in your life and all of the sudden you can have anything you want, you don't think strait..
I dunno bro I like to think id remember hungry nights n wanna avoid living the extreme poverty lifestyle again
You gone go broke paying off there debt
U gotta know when u can't help someone n just gotta watch em drown
Winning the big one is a curse for the weak of morals and weak of common sense. 👹
Well said!
no, people playing lotto are already immoral and degenerates. but with money they make themself noteworthy
Whats sad is most of these prizes will barely buy you a house these days lol
Especially in the big cities in California where the average middle class home is now in the 7-figures at $1,100,000. Where I live, you get that same home for $300,000.
How does a bank keep investing money in something that loses money and requires more money from the person to keep dumping money in without ever notifying the person. Shouldn't that be illegal? I can understand if the money invested went to $0, but to be in debt seems ludicrous without the investor even being informed about it. Seems something is off in this lotto winner's story.
Exactly!
The bank in question probably did something illegal, given they lost in court. Banks can steer you into high risk investments such as futures or buying stocks on margin. Both can cause your account to go negative, not just to $0. You will owe money beyond your original investment. If someone offers you a "no-risk" or "low-risk" investment that returns 17%, RUN! Low risk means low return but it's often the best way to prevent large losses.
@@wickiwo1098 Oh yeah, I forgot about trading on futures or on margin. What doesn't make sense to me is why would a lottery winner ever do either of those. You don't borrow money to trade because you already have a lot of money. It's like as you say, the bank misguided him and I don't think he was given a full detail understanding of the risks of trading on margin/futures. Not sure why he even listened to his bank. I mean, for me personally, I'd invest 1/3, save 1/3 and spend 1/3. Never put all your eggs in one basket, no matter how tempting. .
A fool and their money are soon parted.
They stole it
That Lottery is a funny thing. It has been my experience that, in the United States, people are usually broke because they simply don't know how to manage money. You can't just give them money and change their life.
I believe that the fundamental, underlying point is that winning gobs of money simply affords you the freedom to live your values and lifestyle to excess. If you are poor at managing money, reckless, spontaneous, carefree: you will go through any amount of money very quickly. But, if you have always been frugal, responsible, careful, thoughtful, a budgeter and planner - in other words a PAW (per “The Millionaire Next Door”, a ‘Prodigious Accumulator of Wealth’) - it will last your lifetime and that of your grand children or longer.
The objective of lottery is not to change people's life but to enrich the state. In that regard, it is successful.
That's why something like over 60% of lottery winners in the US are broke again within 5 years of winning.
Thats what happens when everyone keeps thinking that Americans are rich. WE ARE NOT!!!!
Exactly, if you understand budgeting and management it will last
I remember a story about a lottery winner who went to a strip bar and left the money in a briefcase in the trunk of his car which was stolen while he was inside
I think it was Jack Whittaker {no. 2} he had a similar story
It was definitely Jack W. I'll never forget that story!
The second to last person who won a billion dollars purchased two homes in California. One in the Hollywood Hills for over 20 million dollars. He won't be rich for long. LOL
Do you have any idea how much a billion dollars is? Of course you don't. He could buy that mansion every year for the rest of his life and not go broke. The people who go broke win low millions or hundreds of thousands. Not a billion.
If I won millions in a lottery, I would live like I had before and buy lots of gold for when the economy crashes.
nice strategy... but living like before? you at least would travel, wouldn't?
Somewhere between living like before and hiring an ambulance and crew to follow you around as you party must be a reasonable sweet spot.
That’s not far off,I’d say by the beginning of the year
At least diversify. Gold can crash too. Get into Silver, Jewels and get multiple basic savings account in various Currencies.
Lottery winners who lost all their money are a good sample of the average population.
Congratulations, you won a huge amount of money! First, before you say or do anything crazy, consult with a reputable lawyer and financial consultant!
The greedy love for riches is the root, base of ALL evil. I'd be happy to win a couple of grand, actually probably closer to 10 grand so I can get out of debt totally.
All it took for me was for the wife to leave because I wasn't making enough of the money she wanted to spend. Without her to spend my paycheck before I got home on payday I had enough to payoff all the bills in a couple years. Worked a few more years and retired with a little money in the bank. Retired on my military pension. Now 75 and haven't worked a day since I was 51.
rick, if you have debts and think a lottery win would help you out - I'm afraid you are mistaken. I got 10 grand in my pocket because I never ever believed gambling would solve my problems. I do.
I've never played lottery. But if i suddenly had large sums of money, id make my remodeling company reach the next level of excellence in quality work. I love making people's homes look awesome. The joy of watching my work finished and seeing my customers happy is priceless.
Poor people don't know how to handle money.
Very strange that the 16-year-old winner from the UK is now campaigning to raise the legal age to play the lottery. If this video proves anything it's that stupidity has no age limit.
I think it's a good idea. She realized that in winning so young you may not able to handle that type of money and might squander it away. As she did. Recently a Canadian woman won $48 million when she bought her first ticket upon turning 18. Hope she gets the guidance she's going to need to navigate those turbulent financial waters.
Yes your comment proves that!! 🤦🏿♀️
I wouldn't even say what I would do with the money. Too many people looking for any angle to take it from you.
Lmao I couldn't have said it better myself...a winner who won a huge amount In the millions during a press conference claimed he would donate money to a certain charity,when he reneged on his promise,the said charity sued him...imagine the nerve of that sick charity to actually Sue..the level of greed and entitlement in America is Astonishing..so your right how you plan to spend any potential lottery money(Windfall) should be your business alone and no one elses!
Money doesn't change your character. It reveals it.
Exactly there's no such thing as lottery curse is just plain human mental stupidity .😅
I play the lottery but I know if I hit, I won't go broke. I never made much money so I live in a strict budget. I always have money in the bank. I play the lottery, not so I can buy a lot of stuff but rather to set up charities for children and animals. Of course, I would buy a condo in NYC and a house in PA but most of the money would be given away. I'm 60 and have no heirs.
Easy to say when not a winner of lottery . Only when you win can you truly say what you’d do
It is definitely easy to say. About 10 years ago I had an unexpected inheritance and although we spent most of it upgrading the house I still regret how quickly we spent it. We should have bought the quality of products we were used to. Furniture from Ikea for example instead of going to a classy furniture store. I have been lucky enough to have another even bigger inheritance. We are going to buy a bigger house as I realise this is likely to be our only opportunity being a single earning household. We do have wishlists but have decided some things are more important. Anyway, my point is that if this was my first inheritance I think most of it would likely be gone by now. I certainly learned my lesson even though we normally do great at budgeting.
The best thing you can do is put it all in cds. My 25,000 gives me $150 extra every month. 100,000 give way more. Use the earnings each month to make bigger cds. Then your set in retirement. I worked at a bank for many years and about 50% of elderly had many CDs and they lived off the monthly income from that for the rest of their life. I would remodel but possibly do a home equity line of credit then use the extra monthly income to pay that off and then after paid for you'll still be getting income every month
Use the extra money from CDs to help pay your monthly new mortgage. Pay off early then you'll still get monthly income forever and could retire early
Just don't spend any of it. Only the income earned. You can find CDs around 5% to 8%
Just shows gambling is a losing situation 😂
As they always say in Vegas or any casino town, the house always has the favor.
The most I ever won was $500 on a scratch off. If I won a million I’d be set for life.
I've won $25 on a scratchie - that's it. Yep same. One million - done deal. No gambling or expensive cars or boats etc. Just squirrel it away to last me my days out.
I hope you're still working because one million is only 50k a year for 20 years before taxes. That's nothing now a days.
@@sjnix7044 Its $50K more a year that he had so its something.
@@gidgitvonlarue9972 I won $1,00 last year on mega millions and was close to winning $2M.
$100 I won but I was a kid and my dad bought the ticket so he kept the winnings and bought groceries with it
I did a lotto pool one time. I made copies of the tickets and gave each person a copy so everything was straight up. We won $100 so I divided it up, placed the monies in baggies, and gave it to each one on the list. Gave a full accounting too. They knew how many tossed into the pool so it was easy to determine how much each got. Baggies, paper, ink, gas to clam the ticket, etc I paid for in full out of my own pocket.
Are you sure there weren't other things you delivered to them in baggies :)
@@jerrycallo LOL I am sure. Never did drugs in my life. Each got like $1.42 per share.
@@crazysquirrel9425 So, each persons's share was $1.42" ? That would mean 70.422 people in your lotto pool who invested. Who was the .422 person, a child maybe? Maybe you were doing drugs and didn't know it? 🤔
@@RottBit77 I never do drugs. I do not smoke anything either. How it worked is each share costs $1.00. Some bought more shares than others. Any sums won were divided by the total number of shares then that number was multiplied by the dollars they spent. And that is what each one got. I paid out of my own pocket for any fractions, baggies, paper for copies, gas to buy the tickets and gas to go collect the ticket winnings. I am going from memory on this. Too hard to remember every lotto we bet on.
@@trackpackgt877 It proves my honesty. If we did hit the big jackpot, I am not greedy. I would share according to the split. I would expect the same from someone else. Besides, most rolled the $1 over to the next drawing anyway, AFTER I paid them first.
I don't understand why these people cannot open a bank account and stash half of the money away for life. It appears they don't have a clue how to manage their dream once it came true.
I am thinking, they never had anything good happen to them before, or someone to care. So, they get the "HEY, LOOK AT ME" syndrome!
My uncle won 35 million dollars in the lottery and went on a crazy shopping spree and now is broke. Thankfully my aunt who won 22 million dollars and manages her money well, still works and have 2 businesses doing well.
What is your family’s secret to winning the lottery so much?!
Same with a lot of sports stars , and musicians that wrote a hit song. They lacked the education on money management, while living outside of their means. Two people come to mind is MC Hammer, and Allen Iverson.
Same thing now happening to some of these no-talented flakes and fakes in music today with no musical talent and knowledge that make a quick $5, $10 or so million dollars, then they disappear by retiring in a few years with no education and/or experience to manage the money.
So Tondra wins 10 million doesn't share gets sued and the IRS comes along and she pays them 1 million so she still has 9 mill , oohh that will teach her 😅
RIGHT... Lol. The damn thief won in that example
Is she still living by the waffle house near her friends?
@@claytonsimplot9554 What friends?
Lottery curse or Lottery stupidity
Stupidity, they want to show people they cant handle more money
They were very smart because they succeeded.@@user-vs5kn6wv1z
Hey people i won 500000 paid my house off bought like new truck and the i r s now im broke but now retired thank god for s s
Winning the lottery doesn’t make you Santa clause. Have a plan for your winning , invest wisely , save , again don’t be a Santa clause . The lottery commission keep most of your money to give to donations, be smart with what you are left with .
Do not give your money away save your money
If I won I would stay away from what seems to be the downfall of most like large parties, Drugs, Expensive cars, Wouldn't trust anyone or even tell anyone except close family and friends. Buy a nice home and travel but cheap travel not like first class, I would gift some away to those closest to me and invest some very wisely, Try to live within my means.
The picture for #33 is of Deedee Moore, the woman who murderd Abraham Shakespeare for his lottery money.
Yea she's from my area. Her atty told her going into the jail, DONT talk. An hour later she was coming out and what did she do... Talk to the media and she was BACK in jail that afternoon.
@@crackerjaxcosplay Yep, It's all about her.
What a witch 🧙♀️
In France you can stay anonymous. The FDJ helps the winners a lot with psychological support, financial advise and lawyers. After, you are not obliged to follow their advices and you do what you want with the money but at least you are not left in the wild with no help. Most often the time when we hear of a big winner, the only think the FDJ left out is the town or the country. The Euromillions is played over 13 countries in Europe.
Unfortunately most people don't know how to react when their lives change for the better. The greedy become greedily and the foolish ones become extra foolish. If you remain living within your means and take care of all of your previous debts should be good enough. Being materialistic is clearly a visible problem for the majority. Real friends are those whom were there when your pockets were empty or full. The same goes for relationships. When the money runs out then so do the artificial friends friends. Just about everyone is looking for a free ride.
I've always told my Husband, that if I ever one the Lottery, the first thing I'd do, is Hire an accountant and attorney!!!!
Hi 👋
Thanks for the soundtrack...talk about music to commit suicide by.....
I would never make these mistakes. NEVER!!!!
Well that’s discouraging! 😂
You missed a favorite of mine. I believe it was Florida. A lady won big and decided to bankroll her mans drug empire. Didnt turn out well