Now, with the big drawing over and a few people much, much richer than they were on November 27th, it's a good time to look at America's lotteries. And an objective look at them reveals a simple truth: They're a bad idea.
Work with a financial advisor who works with more money than you have. There are financial advisors, estate-planning attorneys and trust officers who have worked with $100,000,000 or more. The scorekeeper for your local bowling league is not one of them.
Amanda Clayton was not your typical millionaire. In her short life, she won a million dollar lottery in Michigan, was convicted of collecting state welfare money after she got the million dollars and embroiled in a plethora of drama and legal battles. Now she is dead.
Some men bring women flowers on a first date. I bring my dates lottery tickets. What better way to potentiate a lifetime of romance and wonderment than by winning $80 million, or more, together?
The lottery is ruining your life. Whether you buy lottery tickets once a day or once a year, the lottery is destroying you because it is insidiously convincing you that the only way you can succeed in life is through luck instead of skill.
Seems like a lot of lottery winners want to tear up the ticket. Some don't verbalize the thought. They just run through the money as fast as they can. Having unlimited wealth is a dream for many people. However, I keep running into others, consciously or subconsciously, who hate the idea of being rich.
You would think that after having overcome trillion-to-one odds, the idea of running through the money would seem silly to most lottery winners. But 90 percent of people do just that within five years of winning the jackpot.
Here's hoping that the days to come are better than the days behind, That someone makes you smile (or giggle!) even if you're not inclined.
Many young people who blow their money look back and wish they had a second chance to do it right.
My solution to gambling addiction would be same one that seems to be helping keep track of sexual predators: A national registry. If widely shared, such a list could prevent addicts from any legalized gambling.
Almost all of us have our own "lotto moment." We make decisions about money that will either give us long term security and happiness or bring on pain and regret.
Abraham Shakespeare should have been on top of the world. In 2006, he won $16.9 million in the Florida lottery. Last week, they found his body buried five feet deep under concrete.
I would like to participate in Arianna's movement but I am way ahead of her. Since age 16, I have always banked in community banks. You will be doing yourself, and all of America, a favor when you tell the big banks to kiss off.
This video of Greg Stotelmyer of ABC36 in Lexington, Ky interviewing Don McNay, author of Son of a Son of a Gambler: What To Do When You Win The Lo...
After having overcome trillion-to-one odds, the idea of running through the money would seem silly to most winners. However, studies shows that 90% of people blow all their money within five years of winning the jackpot.