Topic: A person who won 600k$ in lottery - page 17. (Read 2153 times)

People often abused people who are kind, though the person who won $600k  should have controlled himself loaning people, but I do not think that those people who loaned and did not pay had its 2nd chance.  I believe the person exhausted his wealth by living extravagant.  One thing for sure that lead this person's money got depleted is that he does not properly manage his wealth.  It is also possible that his relative exploited him and the person also probably have lots of failed business venture.  The story simply shows that money can be easily depleted no matter how huge we are in our holdings so it is better to plan for its use carefully.

The usual story is that a lot of people who get a lot of money in one way or another, but do not know how to handle it, fall back into poverty again. If I'm not mistaken in the USA a couple of years ago they even made a film about a janitor who won the jackpot (several tens or even hundreds of millions), but after several years of entertainment, he returned to work as a janitor. And this movie was based on a true story.

Gambling is a test of luck where anyone has the possibility of becoming rich and poor at any time. Many from the gambling section have turned their lives around with huge profits by betting on small capitals and many others have lost their gambling bets due to bad luck with large amounts of capital.
Wins $600k gambling lottery and his fortunes change. He should set up a business with complete abstinence from gambling and continue that business to live a nice and comfortable life through profits.

Based up on the story then it is really that a right call on having that able to buy up a property or renting space on the time that he had won a lottery even though the amount isnt talking about millions but with these

numbers and if you do live on a third world country then it would really be making yourself a millionaire and would be able to buy tons on what you do like.It is really true that on the time that you do win up these
amounts then you should really be mindful about proper management into it because if you do miss out on doing so then sooner or later you would really be able to find those winnings to be depleted and you would really be going back on being poor or to those times that you are selling vegetable or being a worker.This is why it would be always wise that you should really be having that proper financial management or else
you will be finding yourself on going into those basics.

Somewhat if you do able to buy up something like properties or possessions, you could always have the option on selling them and with those money that you had gained or get from sales
then this is where you could be able to start up again and building up some business or investment on which it could really be giving out the chance for you to recover out and its not really something that could
be considered as over.

The only problem here is about financial literacy, and mostly the winners of the lottery have this kind of issue and most of them fell the same thing.

If there's a way for the lottery operator to conduct financial literacy and have a mandated % for the purpose of investing to every winners, I believe no one will come back as a poor again.

This is an instant win to many, and some are still in shock after getting their reward, and being unprepared can really cost you a lot, and you tend to spend more without thinking. I hope we can also help the winners to remain on that level, though there's still no assurance but I wish them more success as this is a once in a lifetime opportunity.

I do not think he lost the money so fast because he got the money so fast, it is because he is not wise. Even if I lavished $100000 from $600000, instill have $500000 left which is not a small amount of money and which I can dedicate to my business. I will make sure I will not gamble for a long time or maybe forever. Gambling may even be one of the things he did too that took most of the money but people may think it is because he is kind has the reason.

If you won't spend it smartly, any amount of money won't last a lifetime.
But if you happen to find a way how to grow this, even small amount of winnings will give you a lifetime source of income.
So if by chance, you will win that lottery, better use it wisely to improve your living and not use it all back to your gambling activities.
Such chance is very rare, it won't even happen again in your life. Better think of the consequences you may have to exhaust such luck.

I think the question should have been what will you do if you win jackpot from a lottery, I can deside to play lottery and win small amount of money, it is only when you win $600k as you describe one can ask on what to do with the money. It seems people are really making big future in lottery these days with the high volume of success story I've been reading for the past days, if I should have such amount according to my country valuation of Naira against dollar, I know that I have made it in life.

Asking opinions of others on what they will do depends on individuals, I have seen people make fortune from gambling only to stay lowkey as if they never made anything, there are quite some players build houses after making such kind of money and there are some that have also lost everything on the same lotter again after winning the first one. But my advice is that I will put into a good used as I have said such amount when converted to my local currency is a huge money with less tax.

In addition to my plan, I will set up a business that will be giving me a passive income daily so that I can have confidence of generating liquid money every 24 hours so that my eyes will not go to gambling, it will serve as a way to remove my attention from gambling and also establish another business that will bring huge money biweekly or monthly, anything that will remove my attention from gambling for that time will be my main focus and will make sure my plans are well excecuted to avoid any regrets.

I'm not a poor person, so winning 600k at this point wouldn't change my life by a lot. I could use the money, I'm not denying it, but it wouldn't be life changing and I could lose it all and still continue to live a normal life. That's the main difference between someone very poor winning a lottery and enjoying the feeling of finally having some money for the first time in their lives. Such people often buy items that allow them to show the world that they aren't a lower class of the society anymore. I don't need that. I'm not upper class, but I have all the things I need and some money saved up. If bitcoin goes where I expect it to go, I won't have to worry about anything ever again.

Let's say that I'm winning 600k tomorrow... I'd probably buy myself more bitcoin and spend some money on treats for family and friends. I'd waste 100k on partying and travels, buy bitcoin with 300k and gel an apartment for rent as a safe investment with 200k.

Winning such a huge amount is one in a million chance and it rarely happens. It's hard to win that prize even if you got all the luck in the world so if ever you'll be given a chance, you have to be wise in spending because to be honest, no matter how big the prize that you might have, you could still lost everything in just a short time if you will not use the money wisely.
No matter how billions you may take, if you will allow everyone around you to abuse you and you will not manage your finances wisely, you will still end up losing everything.

There is nothing wrong with what this person is doing, in terms of kindness. that goodness comes from within and not from outside. ups and downs are commonplace in this life, yep, just like when we gamble. in fact, everything we do has consequences in this life. whether it's a beneficial consequence, or that brings risks that ultimately harm us ourselves.
this story is quite unique, someone bet lottery 10 years of his life. then won $600k in the lottery draw, long enough to realize his win. the question is how much money each time he buys a lottery ticket, is the reward he gets commensurate with the 10 years he has spent. I don't know if this character is real, or fictitious. I hope, though, that he spends only a few pennies of the earnings he earns on raffle tickets. 600k dollars is a pretty big one, if I convert it to my country's currency.

In fact, I can buy a luxury car and a very decent house according to my version. IMO, this thread tells more about someone's life story than the gambling itself. however, at least you have taken the time to write this which is quite long and I really appreciate it.
If, i won the lottery like this guy. it seems, I will also do the same thing as the man in the story. but unfortunately, I'm not really interested in betting on the lottery. also, I don't really like to speculate with victories that are only in imagination. So, most likely I don't know what to do if I get the jackpot from the lottery draw. in fact, I am not in that situation and condition.

Only those who are lucky can get big wins. But look how many players are competing for big wins. there are very few chances to win big. Someone who won $600k would have used the profits for the rest of their life. Just bet a few dollars and he won a $600k lottery, it's unbelievable but it's true. It's very rare for players to get that big. I hope he can enjoy his big win and not put it all back into gambling.

Quick money can go quickly, as quickly as it comes. It is difficult to plan for unexpected money that seems big, if you have not been exposed to that kind of money before, you can act in a way to squander the money before you will be able to settle down and make plans to invest the money because money has a way of attracting expenses. From the story, the man made a mistake to try to help everybody before he was strong enough to be able to do so. If he had made investment the first and most important choice, he will be at a position to help more people for a longer time than he did.

Investing in crypto currency and stocks is better option,because many lottery winner have the habit of reinvest the entire winning amount into the Lottery again.Some of your friends and relative will get loan from you and try to scam at the end.Most the friends and relative are waiting for the chance to scam the winning person.It's our brilliance to get away from such web after winning from the lottery.Money is the most important one which help at your old ages when you get ill at your old age.So try to save the money which you get by the lottery win.

If you wish to win you need to have a ticket... Except for freebitcoin Daily and lambo lottery, I am not playing other lotteries. So I can't hope for some big lottery win, but it would be amazing if I hit max payout with some higher bet on some slot. But that happens so rarely.

All of us who gamble dream about some crazy big win, but... but... we need to be real here. Big wins happen, but not so often, and for sure not for every one of us.

If I am going to win someday, I will make sure to handle it properly. The thing is he gets the money that fast that's why he can also lose it very easy as well. If I am him, I will hire someone some financial manager to help me manage my money so that I can make it grown as the same time I can also gamble without feeling that I am about to lose it all because of addiction.

I do not know if this is fictitious or not but at the end of the day it paints a true story among lottery winners or basically people who got their money through unconventional means. They fail to consider the fact that the money they got is not from a consistent income stream, they get blindsided by the huge amount of money that's in front of them, and eventually they lose it all out cause they focused more on spending it rather than making the money work for them. It's great that at the very least he had a few properties left to his name that helped him get back up on his feet, that's more than what regular lottery winners could ever wish to have especially those that didn't really think into saving their money in the long run.

Well, the story happens to be just like every other story we read or witness in our locale.
It's good he did help all those he could when he came into such wealth. Perhaps, that was the reason why his luck struck big in the lottery he patiently gave attention to for 10 good years. That's a decade.  Am sure many of us here would not be as nice as that because we have been dealt several fates like falling victims to online scams or fraudsters or Ponzi schemes or even from the immediate place of business.
It was wise to have invested in real estate and am sure that it is because he is a content person that's why he had the discipline too to trust others to help him manage his property when he needed help.  At least he can never be poor!

Of course, securing your financial future with such a score is a smart move. However, such an amount doesn't hold the same value everywhere in the world. Depending on your location, it might not be enough for even one decent property, let alone several for future investments. If I were the lucky winner of $600k in the lottery, I'd probably use some of it to fix up the property I currently own and invest the rest in my own business to ensure a stable financial future.