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.
I was diagnosed with a malignant tumor in my right breast at age 42. Considering that the task force suggested that breast self-exam is worthless, I wonder, how are we supposed to achieve early detection?
This is a link to an interview I did with Mark Kelley on his prime time CBC show about the pitfalls that lottery winners and others who receive big money have to deal with.
Even as a structured settlement consultant, I was stunned to learn that within two years of retirement, 78 percent of NFL players are bankrupt or under financial stress.
I've spent much of my life wondering why people who can handle a monthly paycheck will turn around and blow a large sum when they get the chance.
Everyone has dreams and desires but usually keep them hidden, back in the recesses of their minds. The lottery question gets those dreams and desires out in the open, on the front burner.
If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.