How Can People Win Lotto So Big Then Go Broke?

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Carol Muller
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How Can People Win Lotto So Big Then Go Broke?

Post by Carol Muller » Mon Nov 23, 2015 5:04 am

This is exactly what happened to David Lee Edwards from Kentucky. David won playing the Powerball Lottery back in Aug/2001 winning his share of $27 Million out of the Powerball jackpot of $280 Million. He did not waste any time spending his large fortune, buying a 6,000 square foot dream home, dozens of very expensive vehicles and he even bought himself a Jet plane. Then he got himself addicted to various drugs which lead to spending his money very foolishly, then very sadly died at the age of 58 and did not leave any money for his family as it was all gone, very sad to hear this.

Oh my, this is something to seriously think about if you ever won such a large lottery winning. Take some to sit back and think about what to do, make plans for the future for yourself and you loved ones. Money can change you, been reading a lot about lottery winners losing all their money very quickly and find this sort of thing happens often.

I would plan out very carefully if ever won big, what would your plan be if ever won the lottery big?

Lenny82
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Re: How Can People Win Lotto So Big Then Go Broke?

Post by Lenny82 » Fri Mar 24, 2017 10:49 pm

Yup! If you play the lottery and your lucky enough to win it big!!! You had better have the intelligence to understand what you have and how to use it in a smart fashion or it will be gone in a blink of an eye.

sasha327
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Re: How Can People Win Lotto So Big Then Go Broke?

Post by sasha327 » Thu Aug 16, 2018 5:05 am

It all boils down to what you were to begin with. If smart you will be smart with your lottery winnings. If dumb, you will be most likely broke even more so than you were before winning the lotto. You can read true life lottery winners who do go broke and were not to bright from the start. I am in no means a genius, but yet bright enough to use wealth in a sensible manner if won the lottery.

MFOX
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Re: How Can People Win Lotto So Big Then Go Broke?

Post by MFOX » Mon Oct 15, 2018 3:43 am

Well in the real world, some people cannot handle big money, it's just the way it is.

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