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Winners who take the time to plan their next move will help ensure that bankruptcy isn’t the end result of winning a huge lottery windfall. Here are some expert tips. Seek Professional Advice
Research from the American Bankruptcy Institute suggests between 30% and 70% of lottery winners end up going bankrupt because they overspend, often buying expensive assets like luxury real estate ...
Supposedly, some 70% of lottery winners end up broke again, many within a few years. Let’s say that you can choose to get $516 million upfront, or you can choose to receive a payout of $1.15 ...
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 ...
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 ...
Lottery jackpots can reach epic heights. Case in point: the Mega Millions jackpot that surpassed $1.2 billion after the Tues, August 1 drawing. Someone (or some people) will win eventually, and the...
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 ...
Consumers spend $105 billion a year trying to win the lottery even though the odds are vastly against them.