Nov 29, 2020 01:44 AM EST
Amid the COVID-19 pandemic, many have been struggling financially, and some put their hopes in the Powerball jackpot. Lottery players across the country hope that their dream would come true if they won the prize.
It is very tempting to buy a ticket nowadays, but it is almost certainly not worth it for others. Everyone thinks that winning the lottery will solve all of life's problems, but it won't.
In fact, many of the lottery winners' lives became miserable after they won the jackpot. Here are the five lottery winners who probably regretted winning the jackpot, according to Business Insider:
In 1988, William "Bud" Post won $16.2 million in the Pennsylvania lottery, but he had a debt of $1 million in the same year. Post said he wished he never won the lottery as it became a nightmare for him.
Bud's brother was arrested for allegedly hiring a hitman to kill him and hopes to inherit a share of his winnings. At the same time, William's ex-girlfriend sued him for a third of his winnings.
According to The Washington Post, Willian sank into debt after sinking money into family businesses. He spent his time in jail after he fired a gun into the head of a bill collector. "I was much happier when I was broke," William said. Until his death in 2006, Bud lived quietly with $450 per month and food stamps.
Marty Tott and his wife Kay missed out claiming a $5 million lottery after losing their ticket. Camelot Group, the company that runs the UK's national lottery, conducted a seven-week investigation that convinced officials of their claim to the winning ticket.
However, there is a 30-day time limit on reporting lost tickets, whereas the company was not required to pay up, the jackpot became the largest unclaimed winning prize since the lottery began in 1994.
Meanwhile, Kay Tott told The Daily Mail, "Thinking you're going to have all that money is really liberating. Having it taken away has the opposite effect. It drains the life from you and puts a terrible strain on your marriage. It was the cruelest torture imaginable."
A single mother, Sharon Tirabassi, cashed a check for more than 10 million Canadian dollars from the Ontario Lottery and Gaming Corp. in 2004. Tirabassi spent her winnings on fancy cars, big houses, designer clothes, exotic trips, lavish parties, handouts to family, and friends' loans.
In less than a decade, Tirabassi was back in her old life when she was riding the bus, living in a rented house, and working part-time. Sharon told The Hamilton Spectator that she had fun initially, but it's like, back to life.
However, Tirabassi made one great decision when she won the lottery. It is putting some of her windfall in trusts that her six children can claim when they turned 26.
Read also: The Adverse Effect of Remote Work in a Company Culture
Evelyn Adams has a doubled fortune as she won the lottery twice, in 1985 and 1986. Adams won $5.4 million, but reports claim that the New Jersey native gambled it away in Atlantic City.
Adams also told The New York Times that the publicity she received in 1993 took her to a bombardment of financial assistance requests. "I was known, and I couldn't go anywhere without being recognized."
In Canada, Gerald Muswagon won the $10 million Super 7 jackpot in 1998. However, according to Canada's Globe and Mail, Muswagon couldn't manage the instant fame brought by winning the grand prize.
The Globe and Mail reported that Gerald bought several new cars for himself as well as for his friends and purchased a house he made a nightly 'party pad' where he and his friends often celebrate his new lifestyle with lots of drugs and alcohol. "In a single day, he bought eight big-screen televisions for friends."
Eventually, Geralf was forced to take a job and do the heavy lifting on a friend's farm to make ends meet. In 2005, Muswagon hanged himself in his parent's garage, as per the media reports.
Read also: Canceled Christmas Party: Here are Fun Alternatives Amid the Pandemic
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.
If you think that the micro accounts are useful only for beginners who may not be able to cope with the fast dynamics of changing quotes on trading platforms, then this is not so. Professionalism grows out of these cent accounts.