Unless you are in the top 1% echelon, you've likely thought about how great it would be to win the lotto. We could pay off our debt, buy a bigger house or nicer car, help our adult children and grandchildren, start the business we've always dreamed of, or finally get that divorce since you wouldn't have to stay married for financial reasons.
While we were busy dreaming about how much better our life would be, some people's demise came after winning the lottery.
New Yorker Clarence Kinder, age 77, won $50,000 on a Thursday night and died from a heart attack 24 hours later.
Carl Atwood, 73, won $57,000 on the televised Hoosier Millionaire Show. A few hours later, he was hit by a pickup truck while walking to the store where he had purchased the winning ticket. He died instantly.
Jeffrey Dampier became a Tampa popcorn entreprenur after winning $20 million in the lottery. He helped his sister-in-law, Victoria Jackson, with gifts, rent, and much more, but that wasn't good enough. She and her boyfriend kidnapped and murdered Jeffrey for his millions. They were both convicted to life in prison.
Billy Bob Harrel, a down-and-out Texan hit the jackpot for $31 million. hit the jackpot for $31 million. After collecting the first of his annual $1.24 million, he went on a spending spree. Billy purchased a ranch and a fancy home. His family members, friends, and event strangers relentlessly dogged, begged, and manipulated him. So much so that 20 months later, he locked himself in his bedroom and killed himself with a shotgun.
In Pennsylvania, William "Bud" Post won $16.2 million in 1988. In 2006, when he died of respiratory failure, he had filed for bankruptcy, was estranged from his family, and lived on a $ 450 per month disability check.
My question for you is.... do you think it's easier to go from poor to rich or rich to poor?