Lotteries as an Example of the Inability of Most People to Handle Wealth and Money
A very good an descriptive example of the inability of most people to handle wealth , money and riches is the way Lottery Winners handle their new found wealth and riches.
Consistent research and anecdotal information has shown that again and again consistently that most lottery winners return to their pre-existing pre lottery windfall financial situation.
Most lottery winners will state in their ” wonderful ordinary person wins the big time” newspaper stories and articles that their sudden wealth will not change the way they lead their lives. In a way this is more than relevant since in the end they will in all probabilities be back to where they started in the first place.
Perhaps they might of gone to a financial planner such as Lawton Partners to forestall the inevitable slide and at least be left with a mutual fund or two but in all likelihood very little will remain of their ” winnings” but memories of adulation and fame.
As is said “lots of luck”.
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