When you think about it, 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.

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.

Don McNay has been on a book tour, promoting his book, Son of a Son of a Gambler: Winners, Losers, and What to Do When You Win the Lottery. In a ...

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.

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.

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.

Michael Jackson and Elvis died too young. They had the same handicap that many people with money acquire, the entourage.

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.