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RE: The Loss of Lottery

in LeoFinance2 years ago

Oh man love that you reminded me of the movie the patriot, that’s a classic! Good and accurate quote for sure.

People with the lottery winnings are most often pissing it away and losing it all in a few short years because of the mismanagement of their money. I don’t bother playing the poor tax lottery because it’s a waste of money for me lol. If for some reason I did play it and won, I’m thinking I would take the consistent payments instead of lump sum so that it’s an actual income and not a lump sum payment that gets spent to hell in a hand basket.

The other thing with the lottery winners is I don’t want all that attention and media coverage. You know that the person has to get protection because every criminal is going to be looking them up trying to steal from them somehow.

In some ways I hope it’s someone in their 90s that won lol that way they will donate it to something hilarious and random like a cat shelter or some shit lol.

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I’m thinking I would take the consistent payments instead of lump sum so that it’s an actual income and not a lump sum payment that gets spent to hell in a hand basket.

I have been thinking about this too, but at the same time (depending on how much) I might take the lumpsum. for a billion, 30M a year would help me get by though... However, if it was for a couple million, lump sum. There is also the risk of whether it would be honored for 30 years...

I would like to see that cat shelter two years later... :D