Once you have won a jackpot you life is definitely going to change. Whether the changes are favourable to unfavourable depends completely on how and where you spend your winnings. Stories of lotto winners make an interesting news and prove to be a guide 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 an odd but intresting event where an individual gets an opportunity to bring change in the lives of innumerable 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 have brought more than one luxury car. More or less all winners still play the 649 lotto even today.
The year was 2005; Brad Duke of Idaho was leading a normal life when lady luck smiled on him. At the time When Brad won the $220 million powerball jackpot he was working as a manager for Gold’s Gym franchises. And astounding sum of $85 million was won by Brad in jackpot and he immediately went about managing his finances. In order to cope with his new found wealth Brad developed a team of financial advisers within a month. His only aim was to become a billionaire through prudent investment. Brad decided to invest more than half of his winnings in municipal bonds which is of low-risk. 35 million were put in financial instruments who involve high risk high return such as stock, and real estate. He set up a family foundation and assigned $ 1.3 million, paid off his mortgage of $125,000 and student loan of $18,000, gifted each family member $12,000 and took his friends on a trip to Tahiti, the trip cost him a total $63,000. But feasibly the most amazing fact is that he bought himself a used car, a black VW Jetta for $ 14,500. Today Brad is richer as he possess $140 million. Brad took some time off after winning however some time later he went back to work at Gold’s Gym.
Brad’s story is stark contrast to the story of a 19 year old Michael Carroll. Michael won a big £ 9.7 million in November 2002 but succeeded to knock 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 suggested that you fully relish the moment but get back to earth as soon as possible and invest wisely.
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