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We all probably sighed to ourselves and thought “I wish I’d win a lottery and all my life’s problems would be solved” at least once. Well, the prospect definitely seems tempting, with someone handing you more money than you can actually wrap your head around, to pay all your loans, get you a new car or a house, anything, really. The possibilities seem endless. However, this beautiful picture we like to entertain ourselves with is not as close to reality as everyone thinks. After all, studies show that you are more likely to declare bankruptcy within three to five years of winning a lottery than an average american.
Someone on Reddit asked people what they would do if they won a $656 Million lottery and while many poured out their hearts fantasizing of what they’d do with such a sum of money, one user called BlakeClass offered some legitimate advice on what one should act like in such a situation. Scroll down below and read what they had to say. You never know when you might fall “unlucky” and win a lottery.
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Many of us dream of one day winning a lottery as it seems like all of our problems would go away
Image credits: U.S. Air Force
Someone on Reddit asked people what they would do if they won a lottery and one user got serious…
BlakeClass shared many legitimate tips on what to do with your lottery winnings
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What do you think ?
Amazon QT 6 years ago (edited)
Don't we all. But there is a science to keeping the money and not blowing all within a year or so.
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JMQ 6 years ago
This guy is actually really smart, and it's nice that he's sharing his wisdom. Too many have won and lost everything; if you want to be rich, you have to know what you're doing. Success comes with cunning, determination and self-control, not money. I hope more people see this - who knows, maybe someday they'll win the lottery!
Todd Chesser 6 years ago
Not too terribly long after Georgia began their lottery a guy who was a frequent customer at a bar I worked, won several million. He lived like a king for about 3 years then he was back at the grind living just like he did before winning.
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NWB 6 years ago
stupid USA lotteries with all the fine print and tax. I prefer a lot of other countries that you actually just get the original amount you won!
Hans 6 years ago
The taxation akways strikes me, too. European countries have dramatically higher taxes than the US, but lottery winnings are tax free. And this makes sense. You win the money, you do not earn it. It thus isno income in a fiscal sense. Taxing it is absurd.
Load More Replies... Amazon QT 6 years ago (edited)
Don't we all. But there is a science to keeping the money and not blowing all within a year or so.
Load More Replies... JMQ 6 years ago
This guy is actually really smart, and it's nice that he's sharing his wisdom. Too many have won and lost everything; if you want to be rich, you have to know what you're doing. Success comes with cunning, determination and self-control, not money. I hope more people see this - who knows, maybe someday they'll win the lottery!
Todd Chesser 6 years ago
Not too terribly long after Georgia began their lottery a guy who was a frequent customer at a bar I worked, won several million. He lived like a king for about 3 years then he was back at the grind living just like he did before winning.
Load More Replies... NWB 6 years ago
stupid USA lotteries with all the fine print and tax. I prefer a lot of other countries that you actually just get the original amount you won!
Hans 6 years ago
The taxation akways strikes me, too. European countries have dramatically higher taxes than the US, but lottery winnings are tax free. And this makes sense. You win the money, you do not earn it. It thus isno income in a fiscal sense. Taxing it is absurd.
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