Author Topic: Lottery Winnings Can Lead--To Bankruptcy!  (Read 1163 times)

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Lottery Winnings Can Lead--To Bankruptcy!
« on: June 24, 2013, 04:24:39 PM »
http://www.kzbb.com/
Posted Sunday, June 23rd 2013 @ 8am by Jim Forsyth





Studies show that most people who win the lottery eventually lose all of that money and are right back where they started ... or worse. Local psychiatrist Harry Croft, M.D., says it's because lottery winners often try to emulate the lifestyles of the rich and famous ... when they're not mentally prepared to do so.

"The assumption is that if we just have the money and the things that money brings, then that will make us a different person," he says.

But it doesn't and Croft says most people aren't equipped, far less taught, how to handle millions and millions of dollars.

"If I win the lottery, all of my problems will be taken care of, I can live the good life and buy all that I wanted, that is the dream."

But that dream often turns into family and friends wanting hand outs, blowing the loot on too many luxuries with little thought for the future.

He says the most successful winners are the ones who stick with the old routine while taking a yearly payment ... not quitting everything and taking the lump sum amount.

"If a person is grounded before they win the lottery, then they are more likely to do satifactorily," he says.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

islander

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 46867
  • If you're from Pluto, you're welcome.
    • View Profile
    • Book Your Travel Tickets
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #2 on: June 25, 2013, 12:36:16 PM »
try me. ;D

Hmm, di jud ka ma-bankrupt kay milyonir man kang daan...

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

islander

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 46867
  • If you're from Pluto, you're welcome.
    • View Profile
    • Book Your Travel Tickets
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #3 on: June 26, 2013, 09:45:35 AM »
Hmm, di jud ka ma-bankrupt kay milyonir man kang daan...

buyag.  wa pa tawon mapuno ang akong alkansiyang baboy nga dako jamo. ;D

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #4 on: June 26, 2013, 01:01:41 PM »
Tinuod ka? Di ka milyonir? Unbelieve-baboy...

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

Lorenzo

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 54226
  • Be the change you want to see in the world...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #5 on: June 26, 2013, 01:04:04 PM »
Tinuod ka? Di ka milyonir? Unbelieve-baboy...

dili na sija milyonir, bilyonir na! ;D  8)



Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
www.trip.com - Hassle-free planning of your next trip

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #6 on: June 26, 2013, 01:15:17 PM »
dili na sija milyonir, bilyonir na! ;D  8)

He he, bitaw diay. Ambot lang hinuon kon dalar bilyonir o sapal bilyonir ba...

;D

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Lorenzo

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 54226
  • Be the change you want to see in the world...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #7 on: June 26, 2013, 01:17:26 PM »
He he, bitaw diay. Ambot lang hinuon kon dalar bilyonir o sapal bilyonir ba...

;D

he he he, a friend told me that those who really are rich are quiet about their wealth. ;)

i wouldn't be surprised if you, nong, are really a millionaire....

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
www.trip.com - Hassle-free planning of your next trip

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #8 on: June 26, 2013, 01:24:17 PM »
he he he, a friend told me that those who really are rich are quiet about their wealth. ;)

No comment... 8)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

insurectus

  • EXPERT
  • ***
  • Posts: 1141
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #9 on: June 29, 2013, 12:55:50 AM »
lami jud nuon igasto ning kwartang dili hinagoan

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0

unionbank online loan application low interest, credit card, easy and fast approval

islander

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 46867
  • If you're from Pluto, you're welcome.
    • View Profile
    • Book Your Travel Tickets
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #10 on: June 29, 2013, 01:29:36 AM »
he he he, a friend told me that those who really are rich are quiet about their wealth. ;)

quiet baya pod ko sa akong poverty.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
Republic Act 8485 (Animal Welfare Act of 1998, Philippines), as amended and strengthened by House  Bill 6893 of 2013--- violation means a maximum of P250,000 fine with a corresponding three-year jail term and a minimum of P30,000 fine and six months imprisonment

Book your travel tickets anywhere in the world, go to www.12go.co

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #11 on: June 30, 2013, 08:17:20 PM »
quiet baya pod ko sa akong poverty.

Hmm, a case of unexplained poverty? :P

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

Lorenzo

  • SUPREME COURT
  • THE LEGEND
  • *****
  • Posts: 54226
  • Be the change you want to see in the world...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #12 on: June 30, 2013, 11:37:28 PM »
money is hot; one can spend it quickly. the trick to it is to be wise in holding money..as in knowing how to save.

anyone can gasto, not everyone knows how to save.



Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
www.trip.com - Hassle-free planning of your next trip

hubag bohol

  • AMBASSADOR
  • THE SOURCE
  • *****
  • Posts: 89964
  • "Better to remain silent and be thought a fool...
    • View Profile
Re: Lottery Winnings Can Lead--To Bankruptcy!
« Reply #13 on: July 01, 2013, 05:54:21 AM »
OK ra baya pud kon ipanghatag...

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=73540.0
...than to speak out and remove all doubt." - Abraham Lincoln

Book your travel tickets anywhere in the world, go to www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: