MONEY: A Blessing or a ploblem?
There's a great deal of truth in the saying "A fool and his money are soon parted.
"For some people, winning millions in the lottery is the answer to their problems,
but the reality is more like a nightmare, for others, The money can strain relationships with family, friends, and neighbors, and can ever eventually end in bankruptcy.
It's other very hand for a lottery winner to handle the pressure and all those millions.
Most lottery winners are not used to having money and making financial decisions.They are vulnerable and become easy prey to people who want to take advantage of them.Winner may lose large sums on investments they know nothing about, or they might go in witha partner who may not know to tun a business.William "Bud" Post won S16.2 million in in the lottery."I wish it never hapened. it was totally a nightmare,says Post. He tried to help his family, but things didn't work out. A brother was arrested for trying to kill him,hoping to inherit part of the money. Post went into a car business and restaurant with his children. but the two ventures were failures.He eventually went broke,and now be lives on S450 a month and food stamps.For many people, sudden money can cause more than financial disaster.The most notorious case of poor use of lottery moneyin recent times is that of Michael Carroll,known in Britain is the Lotto L out,who won 9.7
MONEY: A Blessing or a ploblem?There's a great deal of truth in the saying "A fool and his money are soon parted."For some people, winning millions in the lottery is the answer to their problems,but the reality is more like a nightmare, for others, The money can strain relationships with family, friends, and neighbors, and can ever eventually end in bankruptcy.It's other very hand for a lottery winner to handle the pressure and all those millions.Most lottery winners are not used to having money and making financial decisions.They are vulnerable and become easy prey to people who want to take advantage of them.Winner may lose large sums on investments they know nothing about, or they might go in witha partner who may not know to tun a business.William "Bud" Post won S16.2 million in in the lottery."I wish it never hapened. it was totally a nightmare,says Post. He tried to help his family, but things didn't work out. A brother was arrested for trying to kill him,hoping to inherit part of the money. Post went into a car business and restaurant with his children. but the two ventures were failures.He eventually went broke,and now be lives on S450 a month and food stamps.For many people, sudden money can cause more than financial disaster.The most notorious case of poor use of lottery moneyin recent times is that of Michael Carroll,known in Britain is the Lotto L out,who won 9.7
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