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According to a financial consultant to lottery winners and the author of Life Lessons from the Lottery, Don McNay, many people wind up unhappy or broke after winning the lottery.
Story at a glance Winning the lottery may increase a person’s life satisfaction and remain that way for decades to come. An increase in happiness isn’t as certain, with research showing ...
If the single winner of the world's largest lottery jackpot takes the lump sum, he or she will owe the IRS a mandatory 24% federal tax withholding of $181.5 million, leaving them with $575.1 ...
Just check your state’s rules on which lottery games qualify. 3. Being Careful With Your Ticket Is Key. As several lottery winners have learned the hard way, losing a lottery ticket can be too easy.
The Powerball jackpot found a lucky winner in California, after their winning ticket matched all six numbers in Wednesday night’s drawing.. The ticket, which was purchased at the Las Palmitas ...
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 ...
‘I can’t even ... I can’t,’ the unidentified woman said as she fought tears of joy. ‘I’m scared right now, I’m so scared’
“Lottery winners try to be fair and give money to each person, but it usually ends up in broken relationships and a lot of lost money.” Jeffrey Dampier was one such example. He won $20 million ...