Category: secrets of lottery winners

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Winners Donate a Lot of Money and 4 More Secret Truths About People Who Won the Lotto

I’m not sure it’s a secret that sometimes lottery winners struggle to handle the sudden, major influx of cash.

It’s an adjustment for anyone who comes into money quickly, I think, but lottery winners are like a secret club that you get into whether you like it or not.

A few of them are below, ready to spill what it’s like after the ticket has been cashed.

5. They do get new friends.

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Not everyone can jet off to Singapore for the weekend, and even if the lottery winner was willing to pay, people still have to work and stuff!

Better to find someone else who has time and money to spare.

4. You might not be able to stay anonymous.

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Many states have laws that require you to do a news conference and take a photo holding up a big check with your name on it.

That doesn’t mean you can’t be in disguise… but that doesn’t exactly mean you can be anonymous.

3. They’re still considered “new” rich.

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Even though your rich new neighbors didn’t technically earn their money either – they probably got it from their family – they’ll look down on you for the way you came into yours.

The good news? You’re still rich. For now.

Sad news? 70% of lotto winners eventually go broke.

Yikes!

2. They typically donate a good amount.

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Lottery winners are great about sharing the love…at least before their irresponsible money management forces them back into the ranks of us regular folk.

1. They hate when people ask them about money.

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If you wouldn’t ask a regular person the question about their money – where they keep it, how they invest it, how they spend or save it – don’t ask a lottery winner.

It’s just bad manners.

It might be an adjustment, but it’s one I’d be willing to make.

If you’ve won the lottery, tell us in the comments what your experience was like!

The post Winners Donate a Lot of Money and 4 More Secret Truths About People Who Won the Lotto appeared first on UberFacts.

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70% of Lottery Winners End Up Totally Broke and Other Things Lotto Winners Won’t Tell You About Life After the Win

All kinds of people dream of winning the lottery. Hitting it big, striking it rich, and never having to work another day in their lives. Their kids’ college paid for, retirement handled, no more stress or worries (at least when it comes to finances).

The dream is what keeps people buying tickets, even when they know the odds are beyond long.

And some people, of course, win – but that doesn’t mean all of their dreams come true.

At least not forever.

6. They find out who their friends are.

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People will come out of the woodwork asking for money, even sometimes if they don’t really need it.

Harsh, maybe, but an easy way to weed out your true friends.

5. 70% of lottery winners end up broke.

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Whether they won $500 million or “just” $1 mil, it takes them an average of 5 years to blow through it all.

4. It’s all relative.

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Even people who won more than a million bucks have reported feeling like they got the shaft when they’re in a room with people who won $100 million or more.

3. Everyone deserves a second chance.

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If there’s a second-chance drawing, where you mail in your ticket or register the serial number, do it.

You don’t even have to buy another ticket, and many people don’t know about them, so the odds are better than usual.

A bit.

2. They regret their impulse purchases.

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Sure, you have the money for that 10,000 square-foot house, but do you need it? Do you want to pay someone to clean it? Is it haunted?

These are all questions you’ll answer…before you plant the For Sale sign in the yard.

1. They still play.

Image Credit: Pixabay

I mean, gambling is an addiction for many, so this shouldn’t be a surprise.

And since they’re broke now, they have just as much reason to buy a ticket as the rest of us.

I’m not sure whether any of these surprise me or not.

But I’ve gotta say…I’d still take my chances if the money was offered.

The post 70% of Lottery Winners End Up Totally Broke and Other Things Lotto Winners Won’t Tell You About Life After the Win appeared first on UberFacts.