Things I Would Worry About If I Won The Lottery
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You’ve thought about it. I’ve thought about it. And, everyone else has thought about it.
About what? – “what I would do if I won the lottery”…
While I’d probably become the most ecstatic person in the world that I am finally rich, there would also be plenty of concerns that do not regard how I would spend the money. With great power comes great responsibility. With a lot of money comes a lot of headaches.
Becoming a millionaire overnight may be worth some media attention and hitting the jackpot or even just second place is a way to end up in the local news. When people know you have money, it is a bitter sweet feeling when people befriend you but with the primary interest of your money.
As a result, I’d be fairly worried over how winning the lottery could be detrimental to my life:
- So-Called Family and Friends
Money attracts anyone who thinks they can perhaps have some of it. There would probably be a continuous stream of phone calls and Facebook wall posts congratulating me in hopes that I’d be generous enough to share the wealth. Here is an article of a winner of a recent UK lottery and how an ex-boyfriend was able to get piece of the prize. - Safety of My Family
Movies depict those situations all the time but that doesn’t mean it’s fictional. We must not avoid the fact that we live in a treacherous society and bad things do happen. Kidnappings occur all over the world to hold loved ones as hostages to trade for ransom.For example, Leandro Barbosa, an NBA guard for the Phoenix Suns, expressed concerns last year over a threat to kidnap his mother who was residing in Brazil.
If I was in the media because I won the lottery, people can find out a lot about me and think of bad things to target my winnings.
- More Money To Spend
One of three lottery winners have gone broke after 5 years. The more money I have, the more money I can lose. As spending power increases, the tendency to spend can sometimes overcome previously instilled habits of saving and smart spending. Plenty of lottery winners have seen money pour out of their bank accounts and claimed that everything disappeared with little resistance. Here are 8 lottery winners who shared their story of rags to riches and back to rags again.
So many people had wished they never won the lottery because it destroyed their lives. That winning ticket could be a personal Pandora’s box and after reading the horror stories of ruined lives, I would be overly cautious (another symptom of lottery winning – paranoia).
It is amazing what a difference it makes when one earns their wealth and when one wins their wealth. People will tend to cherish the money that they worked hard for through blood, sweat, and tears rather than the money that fell onto their lap. That is why developing stable financial habits early on could possibly prevent self-destruction when luck is on your side.
(Photo credit: Robert S. Donovan)
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