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It's difficult to nail down a reliable statistic related to how many lottery winners go bankrupt. Some sources say one-third, while others say up to 70%. However, it's easy to find more than a ...
Otherwise, in cases of lottery winners, sudden inheritances, and trading of cryptocurrencies, educating oneself is highly recommended by professionals and wealth psychologists. [15] By researching how to budget and save, understanding the investment basics, and overall gaining financial literacy, a recipient may feel more comfortable and ...
Unfortunately, there are plenty of stories of lottery winners’ lives going downhill after encountering what many consider immense luck. Known as the “lottery curse,” the misfortune that ...
John says his decision was based on research he did following his big win, saying he learned that a number of lottery winners end up spending their money and going bankrupt within a few years of ...
The winner of the record-breaking $2 billion Powerball prize is breaking every financial planning rule in the book. Edwin Castro is buying up California real estate since winning the lottery in ...
Gerald Selbee broke the code of the American breakfast cereal industry because he was bored at work one day, because it was a fun mental challenge, because most things at his job were not fun and because he could—because he happened to be the kind of person who saw puzzles all around him, puzzles that other people don’t realize are puzzles: the little ciphers and patterns that float ...
The Mega-Millions lottery has reached a stunning $1.15 billion, the fifth largest prize in the history of the game. The amount you would take home would likely be less than half of that, depending ...
Big lottery winners are incredibly likely to blow it all, go broke, and end up worse off than they were before they won. One of the biggest reasons is the sense of entitlement that friends and ...