Why do lottery winners lose it all?

What would you do if you won the lottery? Do you even play the lottery? If you ask people who don’t play the lottery a question if they won $50 million what would they do. Most would say something like I would spend $10 million and put 80% in the bank and investments. Well the difference of what people say and what they really do are 2 different things. Most lottery winners think differently because they are gamblers to begin with, otherwise they wouldn’t be playing the lottery to start with.

Some statistics show that over 90% of lottery winners end up bankrupt in 5 years. The problem is they always spend too much money and they have 0 skills when it comes to money management. If you could manage your money well you would probably not be playing the lottery to begin with. If you want to know what these lucky lottery winners do with their money just search it. They first have large parties and start spending money at an unsustainable rate. They also typically gamble it away as well in high stakes betting at casinos with their new level of wealth. Eventually they overspend and become further into debt with the only thing left to do is declare bankruptcy.

So if you won the lottery what would you do?