Originally Posted By: KG2V_was_kc2ixe
Originally Posted By: IzzyJG99
About six months ago they came out with a study saying that 70% of state lottery winners within 5 years are bankrupt and in debt more than they won. They said that 90% of Powerball winners become bankrupt and in debt in excess of 20 million dollars within 2 years. I wasn't shocked. A lot of people who win the lottery often are the kind of people who don't know what to do with a large amount of money.
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I saw something interesting in an older study of lottery winners - the ones who keep working tend not to go broke! It seems they just keep living the same life, but don't worry about the bills as much, and typically go on a nicer vacation every year - basically the same ones that they did, but eat in a nicer resturant etc

In short, they don't let the money go to their heads


Perfect example: Young man who was a lineman for the local electrical utility hit it big several years ago. Quit his job and went to buy he and his wife Hummer H1's. She drove her H1 to a plastic surgeons office and shall never drown. He decided to become a custom home builder. He got his job back at the electric company last week, seems he lost his butt, cause he didn't know what he was doing.
I knew this family, and my father and I tried to council him against it. we could see the trouble on the horizon in the business, he just wouldn't listen.
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I do the things that I must, and really regret, are unfortunately necessary.

RIP OBG