Your life will definitely change once you have won a jackpot. Whether the changes are favourable to unfavourable depends completely on how and where you spend your winnings. Stories of lotto winners make an interesting subject to read and provide a guiding light to future lotto winners. The saying “the more things change the more they remain the same” has often been found to be true when tracking the lives of some of the biggest lotto winners. Winning the jackpot is a very peculiar event where an individual gets an opportunity to affect the lives of numerous others who are not so lucky.
How often have we seen people having won the 649 jackpot declare, with a bottle of champagne in hand, that a jackpot win is not going to change them one bit. Though, the truth is more than half of 649 jackpot winner moved to a bigger house in the countryside. More than two thirds of the winners gave more than £ 1 million to a close friend or a relative. Over two thirds of all big lotto winners own overseas property. 90% of the big time lotto winners were in the workforce when they won, however, only 25% are still working. Most lotto winners drive more than one luxury car depending on their mood. Nearly all winners continue to play the 649 lotto even today.
The year was 2005; Brad Duke of Idaho was leading a normal before fortune favored him. Brad was working for Gold’s gym franchises as a manager when he won the $220 million Powerball jackpot. Brad pocketed an amazing sum of eighty five million dollars as his share of the jackpot and soon after went about managing his finances. Within a month of winning Brad put together a team of financial advisers to manage his new found wealth. His only aim was to be a billionaire by capitalizing his money in a prudent way. Brad decided to invest more than half of his winnings in municipal bonds which is of low-risk. 35 million were invested in high risk high return financial instruments like stock, and real estate. He set up a family foundation and assigned $ 1.3 million, paid off his mortgage of $125,000 , gifted each family member $12,000 and student loan of $18,000, went for a trip to Tahiti with his friends, the cost of the trip estimated around $63,000. But perhaps the most astonishing fact is that he bought himself a used car, a black VW Jetta for $ 14,500. Today Brad’s wealth is over $140 million. Brad took some time off after winning but eventually went back to work at Gold’s Gym.
The story of a 19 year old Michael Carroll is in stark contrast to Brad’s story. Michael won a huge £ 9.7 million in November 2002 but muddled through to blow all the money. Today he is back to his previous position. Michael ignored the recommendations of experts and well wishers and wasted the wealth that others only dream off.
These are some mind-boggling stories of lotto winners. In case you happen to win a mega jackpot it is recommended that you enjoy the moment but sooner rather than later get back to earth and invest wisely.
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