Can Money Solve Problems?
Did you know that there are many lottery winners that couldn’t handle winning? Do you wonder if great wealth can solve all problems? I think money can solve money problems. But can it also complicate your life?
Mega Millions
Tonight’s Mega Millions Jackpot is $660 Million Dollars!
Of course, I too imagine what it would be like to come into generational wealth. Of course it will change your life.
But, coming into ownership of that kind of money fast can turn ones life upside down, fast. There’s tax requirements, family issues, jealousy and marital issues that can come up. If you immediately buy massive properties, there’s the management of those properties, the tax requirements, so forth. If one is not educated or does not have the people that can help manage that massive change, things can go wrong fast.
See how some felt they became cursed by winning below from Liveabout.com:
WROR
We can hear Worcester native Jaybeau Jones weekdays from 2p-7p on 1057 WROR, 80’s and More! Jaybeau’s show is the #1 music show in Boston from 2p-7p weekdays, playing 80’s and more!
After many years in radio programming management, Jaybeau joined WROR in the afternoon in 2015. One of Jaybeau’s career highlights, was the honor to fill in for Rick Dees on The Rick Dees Weekly Top 40 in 2007.
At home Jaybeau enjoys his time with his wife, fellow broadcaster, Heidi, and his two feline children Ellie and Bobo. Jaybeau’s grownup human kids, Matthew, lives in Boston. Jordan, lives in Rhode Island.
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When Jack Whittaker's $113 Million Dollar Win Became Public....
WASHINGTON – OCTOBER 14: The words “In God We Trust” are seen on U.S. currency October 14, 2004 in Washington, DC. Although the U.S. constitution prohibits an official state religion, references to God appear on American money, the U.S. Congress starts its daily session with a prayer, and the same U.S. Supreme Court that has consistently struck down organized prayer in public schools as unconstitutional opens its public sessions by asking for the blessings of God. The Supreme Court will soon use cases from Kentucky and Texas to consider the constitutionality of Ten Commandments displays on government property, addressing a church-state issue that has ignited controversy around the country. (Photo Illustration by Alex Wong/Getty Images)
From Liveabout.com:
Not all states let winners stay anonymous, and Jack Whittaker’s win was widely publicized. He was deluged with people asking for money and favors.
His habit of leaving large amounts of money in his car became widely known. One evening, while he was visiting a strip club, someone stole about half a million dollars from his car. In a separate incident, $100,000 was later stolen from another car. Click here for more.
Curtis Sharp Jr Ended Up Spending More Than He Won
CHICAGO, IL – FEBRUARY 11: A Powerball lottery ticket is printed for a customer at a 7-Eleven store on February 11, 2015 in Chicago, Illinois. Ticket sales have caused the jackpot to grow $500 million, one of the largest in the game’s history. (Photo by Scott Olson/Getty Images)
Five Million Dollar Man-
With his larger-than-life personality, his distinctive bowler hat, and the way he loved to flash his newly-won money around, he was a walking advertisement for the lottery. Parties, women, new houses, flashy cars… he lived big and became one of the lottery’s best-known winners because of it.
Unfortunately, Sharp’s lifestyle wasn’t sustainable. He was spending more than his big yearly annuity checks covered, and his party-hard attitude was wearing on him. The lottery curse had hit.
The year after he won the lottery, he left his wife for a lover and had a huge wedding. Five years later, his second wife divorced him, too. He was drinking hard, even passing out in front of his new girlfriend’s house. And the money ran out, forcing him to borrow money from his first wife.
Luckily, his story has a happy ending. After a drunk-driving incident, Curtis Sharp, Jr. found God. He stopped drinking, stopped partying, cleaned up his act, and became a minister.
But he still buys lottery tickets. Read more about Curtis.
William Post III: "Nobody Realizes the Nightmares
CHICAGO, ILLINOIS – JANUARY 22: Mega Millions lottery tickets are sold at a 7-Eleven store in the Loop on January 22, 2021 in Chicago, Illinois. The jackpot in the drawing has climbed to $970 million, the third highest in the game’s history. (Photo Illustration by Scott Olson/Getty Images)
If you had less than $3 in your bank account, would you buy a lottery ticket? While that’s not a great idea, William Post, III, known to his friends as Bud, went a step further. He pawned one of his few possessions for $40, then spent the entire amount on lottery tickets.
Foolish though it was, his gamble paid off: One of those tickets won him a $16.2 million jackpot from the Pennsylvania lottery.
Post spent his money wildly. He spent the majority of the first yearly installment of his winnings, which totaled over $400,000, in just two weeks. After a year, he was half a million dollars in debt.
His girlfriend sued him, claiming they had agreed to share the money if he won. When she won her court claim, he couldn’t pay, so his lottery payouts were frozen.
He had to declare bankruptcy, and he only managed to hold onto about $2.6 million — which he immediately spent. He was arrested for assault after firing a shotgun at a man who was pestering him for money.
Worst of all, his brother hired a hitman to kill him and his wife so he’d inherit the money. Post was on wife number six at that point.
Thirteen years later, this lottery curse victim died alone and penniless. He’d been living off of welfare payments. More about William.
