/biz/ - Business & Finance

[Anonymous No.54572204]

Why do so many lottery winners end up broke?

[Anonymous No.54572212]

Low IQ

If you're playing the lottery, that filters for low IQ retards

[Anonymous No.54572215]

Let people have fun, chud

[Anonymous No.54572222]

>>54572204
money management. dude looks completely drugged up so we can assume cocain and whores got all his money

[Anonymous No.54572239]

>>54572204
what did he do with his money

[Anonymous No.54572252]

>>54572239
feed the villages of india like the rest of this board

[Anonymous No.54572282]

>>54572204
probably shorted bitcoin

[Anonymous No.54572288]

1 post by this ID

[Anonymous No.54572296]

>>54572288
???

[Anonymous No.54572307]

>>54572296
>2 posts by this ID

[Anonymous No.54572314]

i remember this dude. was addict and criminal to begin with. bought all sort of stupid shit from fake armour to mansion. private jet or just jet flights. made a trust fund for her daughter that he ended up using with amazing losses also. ended up shooting up heroin in the storage shed with her wife. died penniless and broken health wise in wheelchair. you know, what a junkie would do if he won?

[Anonymous No.54572323]

>>54572204
The money is a curse. It'd be a curse for anyone, but the people who play the lottery generally have poor money management skills, and tend to come from a background where the people around them have poor money management skills too, in addition to liking money too much. If you give someone like this an "insane" amount of money, it's like cruelly fulfilling his wishes, in a Faustian sort of way.

[Anonymous No.54572329]

Some people are just generous to a fault

I know a guy who ran his parents business into the ground when he took over their business in his 50s

The moment his parents retired and left him the business, the business, which was making like 1.5 million a year, immediately he started buying friends luxury cars, simping for single mothers and buying them cars and paying their rents, buying cars for the kids of the single mothers he was simping for, he ended up running the business into the the ground since he didnt do anything to maintain it and just spent money

[0xf30A11A2008f84b1E085B83389c6E96123b86374 No.54572348]

>>54572222
Check-em!
Why do people squander their lottery winnings? ZERO financial discipline. Zero future outlook. Buying lavish homes and cars. I believe the same dynamic applies to athletes who make it, then lose it all.

Seems like it would be so easy to thrive after such a windfall. Who knows right?

[Anonymous No.54572350]

>>54572204
He was targeted by glowies who plotted to ruin his life as a satanic ritual, that’s why you never hear of lottery winners who had a happy ending where they went on and lived their life

[Anonymous No.54572353]

>>54572348
1000 Checkems scheduled for deposit

[Anonymous No.54572560]

>>54572204
Most people just are not very smart

[Anonymous No.54572577]

>>54572348
People buy a massive mansion, and then immediately forget that property taxes are a thing. they think investing is for chumps who have zero (0) bitches.

[Anonymous No.54572590]

>>54572212
This. Wealth correlates strongly with IQ everywhere in the world. No matter what wealth you start at, you will eventually find yourself at the appropriate wealth level.

Now, as to whether this is because IQ is racist and shit or because it affects decisions with consequences for wealth is still up for debate. We're only talking about the correlation here.

[Anonymous No.54572635]

>>54572329
>Generous
I think the phrase you're looking for is 'desperate for validation'
To survive winning the lottery you need some level of self-actualization. If all your validation comes externally then you're going to spend money to try and get more of it.

[Anonymous No.54572652]

> Aside from the drug addiction, if Edwards had made different choices with his money, things could have ended up very differently for the winner and his family, according to financial planner James Gibbs.

> "If he followed my advice, he'd be pulling in about $85,000 a month for the rest of his life," Gibbs told the Broward-Palm Beach New Times.

I want to be pulling in USD 85k per month. I wonder if I can do it.

[Anonymous No.54572868]

>>54572212
Bad take. It's because poor people are accustomed to spending a large % of their wealth at once. For example groceries and rent might be their entire paycheck. They get rich from the lottery but their spending habits haven't caught up.

[Anonymous No.54572879]

a better question is how would you onramp that much money into bitcoin?

[Anonymous No.54572916]

>>54572204
Coke and whores usually, other times allot of people dont rich lifestyles cost money to maintain even if you arent partying everyday. Famously a few years ago, a young rapper died, his got his money and took in his newborn. Dumb bitch bought a big mansion with complex architechure and was broke in 2 years from taxes/maintenance even with a decent flow of posthumous royalties(rapper essentially left behind 2 albums worth of unreleased music)

[Anonymous No.54572944]

Where will this guy be in 5 years?

[Anonymous No.54572975]

>>54572204
Is it possible to claim lottery winnings confidentially so people don't beg to you?

[Anonymous No.54572997]

>>54572204
I would literally buy Verizon and JPM etc and live off dividends and build a modest home in a large rural lot
Maybe a 1985 GMC sierra thats still in nice shape

[Anonymous No.54572999]

>>54572868
Lmao no retard there's a reason IQ and wealth is strongly correlated. A low IQ dumbass isn't thinking about the percentage of their money they have to spend to survive the week. All they want is instant gratification because they are literally incapable of delayed gratification and planning for the future. That's why they're playing the lottery in the first place because they want to get rich quick.
What happens if you give a retard that can't delay gratification $27 million? They're gonna spend it all on booze, cars, drugs, houses until they run out.

[Anonymous No.54573009]

>>54572204
He bought LINK

[Anonymous No.54573014]

>>54572204
Same as 3rd-gen wealth, absolutely no financial sense and they just squander it all. Plus, America is somewhat cruel in that lottery winners have to do publicity events in most states, they can't really declare their winnings anonymously. So you have a lot of stories about how the winners are hounded by "charities", parents with sob stories, police and council harass and fine them for any reason, etc. Hear the same stories in my cunt too, one of the biggest winners was a married couple that eventually ended up divorced and moved to other parts of the country because of the stress and harassment they get from people wanting their money. That's why I feel pity for this guy >>54572944.

[Anonymous No.54573070]

>people like the mario movie
>LE WEST HAS LE FALLEN. IT'S OVER. LE FEMINISTS WON. ALL YOU HAD TO DO WAS LISTEN. watch my 10 minute youtube grift video to find out more
Do you have any idea how fucking gay you guys sound?

[Anonymous No.54573320]

>>54572590
Incorrect. Wealth correlates with starting position and iq correlates with depression

[Anonymous No.54573388]

>>54573320
This is true. IQ is actually not a good predictor of future wealth. Parents'wealth at birth is though

[Anonymous No.54573395]

>>54572329
Peel back the onion. That behavior is not
generous. It's a broken moral compass giving
the wrong direction ?

[Anonymous No.54573444]

The lottery is fake.

[Anonymous No.54573831]

>>54572204
Easy come, easy go.

[Anonymous No.54573857]

>>54572288
>>54572307
This. I swear these discord fags alert each other any time someone mentions the thread only having 1pbtid. They ONLY reappear to post a 2nd time after being called out

[Anonymous No.54573933]

>>54573014
Kek retards. Just buy crypto and move to another country

[Anonymous No.54574034]

>>54573857
Yeah I've been telling you faggots this place is compromised for two years, just now figuring this out?

[Anonymous No.54574041]

>>54572222
>assume cocain and whores got all his money
That is _a_lot_ of coke

[Anonymous No.54574127]

>>54572204
humans aren't good with long-term planning

[Anonymous No.54574352]

>>54572204
Because most of them are stupid and think that the money will never run out. They immediately quit their jobs, buy huge houses, sports cars and other luxury goods. Also their family start coming out of the woodworks asking for everything and anything too. Shortly afterwards they get hooked on drugs and start fucking whores.

Money's gone in like 5 years tops. >>54572204

[Anonymous No.54574416]

>>54572590
Going to need a source for this. You don't need to be intelligent to make money, you just have to be good with people. EQ would be a bigger indication than IQ. In most cases, the college graduate is the worker, the drop out is the boss.

[Anonymous No.54574469]

>>54573857
TIL what that stands for!

ELI5 what it means?

[Anonymous No.54574516]

>>54574352
>They immediately quit their jobs
That's the first logical thing to do if you win 27 mil you fucking kike rat.
Blow your brains out.

[Anonymous No.54574629]

>>54572204
The same people who play the lottery tend to be the same people with poor money sense.

[Anonymous No.54575566]

>>54572314
I remember being on a forum like 15 years ago where this dude's blonde daughter was posting about how fucked things were. He left her life as a disaster.

[Anonymous No.54575582]

>>54572204
In general, the kind of person who makes the sound financial decision to buy a lottery ticket is the kind of person to make the same sound financial decisions with the lottery winnings

[Anonymous No.54575589]

>>54572329
When my mom was a teenager, there was this dude in our town who was a burn victim that got a huge lawsuit payout. And everyone in town was taking advantage of him and twisting his arm for money. He was simping for my mom when she was like 14 years old and bought her a car.

[Anonymous No.54575621]

They forget that they have to live until 80+, and not just for the next 4-5 years.

[Anonymous No.54575632]

>>54572975
It seems you can't in some US States
In bongland publicity is optional
No idea about other countries

[Anonymous No.54575773]

>>54574516
Read the rest of my post and kys you fucking retard.

[Anonymous No.54575838]

>>54572204
They underestimate the ability of costs to scale and how destructive a bad social network can be. With costs, there is always a "diamond premium super subscriber" option on like everything or some service that you can pay someone to do for you and that means you can turn $3,000/month in expenses into $30,000/month with ease.

With social networks, getting $20 million dumped in your lap doesn't work if everyone around you are spiritually niggers or literal niggers. Money allows you to shake those people off like fleas, but they will call you every name and insult in the book while you're shaking them off. Some of them might even go so far as to commit crimes against you. Most people don't have the temperament to be rich and most people never develop it.

As your net worth builds, you need to become absolutely ruthless and that is something people aren't prepared for which is why they tend to stall out, lose all their money, or something along those lines. You make money, suddenly you're the go to guy. Everyone wants you at their table, everyone wants you at their party, everyone wants to give you a call a talk for 45 minutes to see how you're doing. And some of those people want the diamond premium super subscriber option and what luck, they know you with all your money!

You need to learn to tell people "no" which isn't comfortable for a lot of people and then even worse, you're going to absolutely need to tell people to "fuck off" as politely yet clearly as you can. If you don't, these types of people will collapse your life. Here is the line I use: "I don't want to associate with you personally or professionally, good luck" and then build distance. It took me years to get to that point. Lottery winners don't have a prayer.

[Anonymous No.54575849]

>>54572204
>doesn’t know curse of the lottery

[Anonymous No.54575860]

>>54572590
Lmao, retard confirmed

[Anonymous No.54575873]

>>54572999
Iq is correlated with wealth up to a point. He is is richer than Einstein or fisher faggot. Bexos isn’t that smart. Kys racist retard

[Anonymous No.54575886]

The way anyone can whine and say "why am I living paycheck to paycheck" on any salary. Because they're dumb with money.

[Anonymous No.54575958]

>>54572350
Plenty of lottery winners do just fine. There used to be a show on TLC that covered the later lives of lottery winners, and most just bought a house for themselves and their parents and retired with a middle class lifestyle.

[Anonymous No.54576044]

>>54575873
bezos worked for one of the most well known financial institutions before going off to do his own thing and create a trillion dollar company
what's your criteria for being smart? curing cancer?

[Anonymous No.54576069]

because they are retards before and after winning the lottery.

[Anonymous No.54576142]

>>54575838
What you describe reminds me of the retards in the Titanic lifeboats who proclaimed, "We must got back and save them!", despite doing so would mean certain capsize from dozens of people scrambling about in the freezing waters, trying to save their own skins.

Just won $25m? That's now your life boat and be very careful about who you let onboard.

[Anonymous No.54576196]

>>54572348
They also are weak willed and get parasited by people that know them

[Anonymous No.54576838]

Imagine what a rush spending 27 million dollars in a handful of years is though

[Anonymous No.54576934]

>>54572204
Its because they are genuinely quite stupid.

[Anonymous No.54576950]

>>54572204
The biggest issue with winning the lottery is anonymity. If you had millions of dollars, the last thing you want is people knowing your face, name, where you live, and your phone number. Nevermind the amount of family and friends that'll come out of the woodwork seeking gibs for tolerating an interaction with you. If you can, keep it to yourself, and invest a portion of it so that money can become your new form of passive income.

[Anonymous No.54576973]

>>54572204
it's really as easy as
>buying a nice new house in full
>buying a sick new car in full
>buying full coverage insurance for it all
>putting some aside in investments
>have a little left over for fun

how do you fuck that up?

[Anonymous No.54576974]

Rich people have won lotteries in the past too; family is the killer.

The first thing you do is set aside whatever percentage you like, in a trust fund, to be used for weddings and education or a homestead with business plan, etc
Then you never give them another penny.

[Anonymous No.54577007]

>>54576973
Money is power and the reason it corrupts is because of how it affects the people around you, and yourself, like a drug.

People with the power to kick a drug habit are people strong enough to handle large money.

[Anonymous No.54577027]

>>54572944
If he has any sense he will change name and move to another country.

[Anonymous No.54577061]

>>54575838
Lesson number one: People are worthless vermin, at least those who come from wealthy families can have good tastes and mindsets

Lesson number two: The plebs have no free-will or will to be free

Lesson number three: muh real life, muh praticality mindset keeps you poor and limited to circumstances

[Anonymous No.54577069]

>>54576973
Need for social validation.
The first thing any lottery winner should do is change their contacts.

[Anonymous No.54577375]

>>54573857
What's wrong with 1pbtid? I get it's used to slide threads but people bitch about it even when things are slow so what's the problem

[Anonymous No.54577414]

>>54575873
Why are you here

[Anonymous No.54577436]

>>54577414
Imagine making this image lmao

[Anonymous No.54577452]

>tens and hundreds of millions in lotto
Shit only rarely goes past a million dollars here in the latin shithole.
Burgers are spoiled.

[Anonymous No.54577458]

>>54572204
they often dont

that stat is bogus

[Anonymous No.54577461]

>>54572307
>>2 posts by this ID
>2 posts by this ID

[Anonymous No.54577473]

>>54572204
>>>54577114
ill just link the spam threads together if you want to be a fuckwit about it.

[Anonymous No.54577477]

>>54577436
Infographics are one of the most intuitive ways to present information to ignorant retards such as yourself. Why is that bad?

[Anonymous No.54577491]

>>54573014
> Plus, America is somewhat cruel in that lottery winners have to do publicity events in most states, they can't really declare their winnings anonymously.

Is this true? I thought Americans were just retarded since even in Nigeria most lotto winners have the sense to go in a costume and claim it as anon since they know that people become piranhas as soon as they know you have the goybux.

[Anonymous No.54577534]

>>54577491
https://slate.com/human-interest/2022/07/mega-millions-jackpot-winner-numbers-myths-about-lotteries.html

[Anonymous No.54577622]

>>54572323
>It'd be a curse for anyone
are you stupid, just keep living your life, except not having to work. Where is the curse? Not my fault those lottery niggers have never learned money management.
In fact you could just stash 2 mil of your winning in a seperate account, set it to autopayout and have a nice monthly security net.

[Anonymous No.54577676]

>>54576973
>how do you fuck that up?
By trying to do that for all 30, 50, 100 people you know. Poor people have these running deals to bail each other out with windfalls because most windfalls are only like a thousand dollars and not really life changing.
Imagine winning the lottery and every single person you know asking for the startup money to launch their own shitcoin you'd be broke in a week.

[Anonymous No.54577821]

>>54577622
>Where is the curse?
good luck having everyone you've ever met (and family members you haven't) come to your door begging
hope they don't get mad when you don't pony up, and rob you/destroy your property!

[Anonymous No.54577829]

>>54572288
Oh no the heckin business and finance discussion!
>>>/pol/

[Anonymous No.54577846]

>>54572212
Beyond 800mil or so it becomes a financially positive bet to play the lottery

[Anonymous No.54577847]

>>54572204
Think broke be broke, regardless of material conditions. Being born into a rich family makes you richer not because of material possessions but because of the mindset that manifested those and the non-scarce situation that allows you to never worry too much and slide into a scarce mindset, that makes you focus too much into short term thinking and survival bias

[Anonymous No.54577862]

>>54572323
Everyone who wins the lottery gets zapped by the CIA drug addict gun.

[Anonymous No.54577878]

>>54572204
because almost all those who win the lottery are gambling addicts in the first place with 0 money management..

[Anonymous No.54577895]

>>54577847
>mindset that manifested those and the non-scarce situation
You mean the mindset that manifests FROM the non scarce situation?

[Anonymous No.54577914]

>>54572975
Assign ownership to a double blind corporation.

[Anonymous No.54577942]

>>54577477
Uhm sorry sweaty but you done a racism so uh you are wrong and also bad
Heh, gottem

[Anonymous No.54577974]

>>54577895
The non scarce situation isn't eternally in the past tho, it forms gradually in support to and with the mindset

[Anonymous No.54578115]

>>54572212
Can we have a lottery only for whites?

[Anonymous No.54578138]

>>54572314
Are you a flip or a spic?

[Anonymous No.54578253]

>>54572348
It would be supremely easy. As others have said, it is because of pure financial suicide. Once people run into a large sum of money but they are used to living paycheck to paycheck —as those playing the lottery often do— they will continue with that behavior. They’ll go to get lunch and like the place so much that hey they should buy the restaurant. They’ll see a dealership on the way home and think you know that Porsche does look nice indeed. It’s the equivalent of you or I chewing through our bonus by buying electronics, booze, food, etc. Just on a grander scale

[Anonymous No.54578256]

>>54577007
>People fucking suck around me while I'm poor
>Realize people are a bad investment
>Become rich and enjoy time by myself

Is this how you make it? When you realize no one but yourself matters and everyone else is a liability?

[Anonymous No.54578279]

>>54574127
There's literally no point in long term planning. It does nothing.
>develop some ultra skill
Gets obsoleted due to advances in tech and now you got nothing.
>be smart and high IQ
Get sexually selected out of existence in a few generations.
>try hard to create functional country
Gets raped out of existence by financial parasites.

Just enjoy the now fellas. Entropy and chaos are too strong in this world.

[Anonymous No.54578386]

>>54577821
you have money to hire bodyguards. Even if it takes 80% of your winnings, you still win.
And after that get a new identity, throw enough money at the right places and it is possible.

[Anonymous No.54578597]

>>54572204
Its a casino.
I tripple my money and then lose it all and withdraw my 2x deposit.
Its the dopamine rush and some jew magic.

[Anonymous No.54578633]

>>54572204
because the kind of person that wins the lottery is the kind of person dumb enough to buy a lot of tickets in the first place. so right off the bat the lottery selects for people with bad risk management

[Anonymous No.54578686]

>>54572204
only stupid people play lottery so only stupid people ever win
stupid people are poor because they are stupid

[Anonymous No.54578758]

>>54572204
Because playing the lottery in the first place is a losing game. Their sheer luck doesn't change the fact that they're bad decision makers. Also a lot of meth users have damaged frontal lobes and cannot help being utterly impulsive. (Same story as above)

[Anonymous No.54578793]

>>54572204
>hookers and cocaine
>no self control.

[Anonymous No.54578880]

>>54572323
Curse my ass! I'd fucking invest that shit at the bottom of 4 yr cycles in different investment types. Eventually catch dividends and probably live off a boat fucking bitches and eating two types of tuna. Id invite girls out on dates and pick them up in a 98 Hyundai. Life would be great. Hell I could afford to live in blissful moderation without lifting a finger if I felt like it. The only curse of having money is to those who are so stupid it only highlights how monumentally incapable they are.

[Anonymous No.54578907]

>>54572350
Pshh he was paranoid from being a basehead

[Anonymous No.54578918]

test

[Anonymous No.54578923]

>>54572252
What a waste.

[Anonymous No.54578933]

>>54572652
Absolutely but you have to hustle and educate yourself consistently in finance.

[Anonymous No.54578950]

>>54572944
it's insane that america posts its lottery winners like this.

[Anonymous No.54578978]

>>54575873
He got rich because of luck not IQ so the correlation there was meaningless, you fucking low IQ retard you should KYS instead.

[Anonymous No.54578981]

>>54574416
>Going to need a source
>EQ

[Anonymous No.54579011]

>>54577375
You don't understand. It pushed the oldest of the four live /smg/ threads out of the catalog.

[Anonymous No.54579055]

>>54574416
He's full of shit. IQ can be trained, up to a point but just like with anything, and you can also learn how to manage money. OP's example obviously had very bad "habits" to begin with, which were the cause of most of his problems. Having good people around you also helps to avoid getting rugged, if all you have around you are junkies like yourself, you're certainly fucked.

[Anonymous No.54579100]

>>54576950
You can't keep it to yourself, the state publishes names and pictures of winners.

[Anonymous No.54579168]

>>54579055
You cannot train IQ you fucking idiot, the whole point of IQ tests is to take it once, preferably at a young age, to determine if you are gifted/genius or not, if you just memorize the patterns and retake the test then it defeats the purpose. Your IQ is final once you are born because its based on genetics. Feel free to cope though low IQ subhuman, your life is not needed.

[Anonymous No.54579235]

>>54578115
Half of white people are low IQ.

[Anonymous No.54579667]

>>54579168
That's like saying you can't train your body and you have to use it with the same training level for your whole life. That's stupid. The age and the academic level of a person will play into account for the IQ results. That's factual. Nothing is set in stone, and your brain evolves during your whole life.

I never took an IQ test BTW, for what purpose ? Will it make my life better if I have a high IQ ? What good does it make except being able to brag about it like you're doing ? I'd rather have good social intelligence (something I lack) to succeed in the professional environment and to easily flirt with women, and surprise, it's not something measured by IQ tests.

[Anonymous No.54579969]

>>54579168
>You cannot train IQ you fucking idiot
Your brain is a processor just like your computer cpu. Optimized properly can give results far above poor optimization. You can even overclock your cpu for short boosts of mental accuity. While yes your stuck with a ryzen 7 1700x or whatever it can fluctuate withing a range.

You could also get into EQ which can grow. Or nueral plasticity retainment. Much more is in your control than you realize.

[Anonymous No.54580029]

>>54579100

Depends on the state, there are a handful that allow you to stay anonymous.

[Anonymous No.54580422]

>>54572204
Fifty percent of lottery tickets are bought by the lowest thirty percent income earners. When these types of people win, they often have no idea how to handle money, or that money can make money just by existing. So, after a couple of years of spending extravagantly, loaning money to friends and family that will never pay it back, and poor investments, they find themselves right where they started.
On the contrary, people on this board could actually make far better use of the millions. Think about it, people here are already so fucking used to failure and risks that they could recognize and invest better. The scalpers, the linkies, even the dextools gem hunters could make it considering all they do each day is invest in multiple coins and harvest the results.

[Anonymous No.54580505]

>>54575589
Did she blow him?

[Anonymous No.54580578]

>>54572212
Pretty much this, I only buy a ticket maybee once every 5 years because someone else wants to go in on a ticket.

[Anonymous No.54580591]

>>54572212
fpbp now excuse me I need to see how my puts did today.

[Anonymous No.54580639]

>>54577821
You're not supposed to tell anyone you won. I think most state lottery programs provide advice on how to keep your winnings secret.

[Anonymous No.54580659]

>>54572204
they just pay him a salary to pretend he won the lotto.

[Anonymous No.54581116]

>>54572204
Nobody ever wins the big lotteries. That's just an actor claiming he "won" (the kind of actor who you see in a news report about a suppossed "school shootings" (whihc never happened)) and the article a clear psyop to reminder retards to buy their lotto tickets.

[Anonymous No.54581207]

The dad of a guy I went to school with got like a 750k payout from getting injured at his factory job. He was back to broke and living off disability in a couple years. The guy said he spent it all on cocaine and strip clubs. I just don't see how that's possible. You have to be buying strippers cars and shit to spend that much money.

[Anonymous No.54581213]

>>54572944
>Since striking it rich, Edwin's already used some of his new money to buy a swanky $25.5 million pad in the Hollywood Hills ... one month after claiming his lump sum payment of $997,600,000 before taxes.
>Edwin's new crib has all the bells and whistles, including a home gym, garage parking for seven cars and a motor court ... and we're told he has a passion for classic cars and fitness.
>The California native recently upped his real-estate portfolio once again, purchasing a $4 million mansion in his hometown of Altadena — a short distance from the gas station where he purchased his winning Powerball payday.

$500 remaining EOY

[Anonymous No.54581228]

>>54581213
Man if he invested that 1Bil in boring shit like index funds and bonds he could blow 30-40 mil a year for life. People are so fucking dumb

[Anonymous No.54581253]

>>54581207
You can snort money really fast. It’s not like the old days when coke was $100. By comparison, bottle service is a slow drain.

[Anonymous No.54581299]

>>54576044
but its self selecting
1000x bezos did the same thing and failed

[Anonymous No.54581307]

The lottery is a tax on people who can't do math

[Anonymous No.54581385]

>>54581299
You need both luck and ability to do what Bezos, Gates, etc did. A 120 IQ midwit with their level of luck would have screwed things up. You need 1 in 10,000 IQ and 1 in 10,000 odds to become that rich

[Anonymous No.54581830]

>>54572314
You need to stop typing stuff. Never type anything again.

[Anonymous No.54581920]

>>54572944
>only use old photos
>no actual photos of the dude on the alleged property he bought
fake and gay

[Anonymous No.54583054]

>>54572348
Don't forget people trying to kill you for it, there was even a town that sued a lottery winner for being too successful

[Anonymous No.54583135]

>>54572204
Because they are dumb niggers

[Anonymous No.54583519]

Why can’t I at least just win the fucking lottery

[Anonymous No.54584352]

>>54572204
If the retards that buy tickets can get the powerball and milliondollar to billions, why can't the public just set up a fund that people pay into that would pay 70 random people 100,000 dollars for that year? Obviously corrupt people would be near the organization that sets this up, but government intervention and yearly audits may prevent scummy fucks. Like the moneys goes straight into different index funds. Yrly return of 7%? And just pay out 5% of that years return. If no return or negative return then pay out 3%. Shit even 1% return on a billion is 10 million. If your life can't be helped with 100k you are already loss.

[Anonymous No.54584367]

>>54584352
*a percentage of that years return.

[Anonymous No.54584463]

>>54574516
I would use it to eliminate my debts and maximize income and cashflow monthly, I could keep my job until I had something going that could pay me more reliably. I wouldn't tell a soul if possible.

What would big steppers do with this type of money and no connections?

[Anonymous No.54584624]

>>54578256
No, it isn't. You have to become a man. The word literally means hand, like French 'main.' You have to lend a hand.

[Anonymous No.54584685]

>>54577534
I'd trust a toothless crack addict hag prophesying in the street before I would slate dot cunt

[Anonymous No.54584718]

>>54572204
dubs decides my next lotto numbers

[Anonymous No.54584750]

>>54581385
Gates is a Jew and pretty dumb

[Anonymous No.54584767]

>>54580639
it's the opposite, most states require you to be photographed and do publicity shit as a condition of giving you the money
if you think like >>54578386
that you can just disappear then congrats, you lost your entire life for a few million dollars
most people are not misanthropes like 4chan who could lose everyone they care about tomorrow and not give a shit

[Anonymous No.54584781]

>>54572204
the vast majority of people literally cant handle themselves and practice discipline with large lump sums of money

[Anonymous No.54584794]

>>54584352
This is like asking why we can't have a direct democracy instead of our piece of shit "representative" kleptocracy. Because of A) Kikes and B) People are dummies

[Anonymous No.54584836]

>>54578279
Not everything you learn or do needs to depend on the state of the current world to be relevant.

[Anonymous No.54584864]

>>54572204
the majority of lottery wins arent a hundred million dollar powerball jackpot, they are like a $10mill win. that isnt really enough to buy a 5 star vacation around the world, piles of coke, a fancy mansion, a yatch, and sports car and never have to work again.

[Anonymous No.54585016]

>>54584864
I stopped working when I got to a quarter mill.

[Anonymous No.54585023]

>>54575873
>>54572868
>Low IQ pajeet/latino/african/american cope

[Anonymous No.54585045]

>>54584864

A S&P 500 fund is going to return 10% a year on average, so if you invested all $10 mil you'd net about $1 mil in earnings a year. You can live very comfortably on $1 mil a year even after taxes, that would put you in like the 99.8th percentile on income.

[Anonymous No.54585262]

>>54572204
>Why do so many lottery winners end up broke?
He probably just bought a lot of link

[Anonymous No.54585266]

>>54573388
You can't discuss wealth without discussing industriousness. But on its own it doesn't amount to wealth. But you don't have to be intelligent to become rich, starting position is also very important. But too much confounding for me to actually give any opinion. My best friend has 5 mill$ + in Sweden starting from nothing, he didn't even manage to finish highschool. He was addicted to WoW at 19 but flipped a switch 3 years later. I have no explanation. This is in Sweden so getting rich is at least hard considering taxes.

[Anonymous No.54585309]

>win lottery
>use money to pump megashitcoins like pregnant butt
>perform my own hostile rugpulls once it hits some random number
>grow my wealth even further while also dabbing on pajeets

[Anonymous No.54585477]

>>54585266
How old is he
How did he amass so much with no education

[Anonymous No.54585502]

>>54577491
Different way of looking at it. There's no trust in the US that the lottery isn't rigged. So fuck the guy who won, we need to make sure he isn't the lottery commissioner's brother in law.

[Anonymous No.54585520]

>>54585023
>has never seen 100k usd cash in person

And never will.

[Anonymous No.54585802]

>>54585477
He's less than 40. I started a company that did well. Then another one. Then another one. He has many companies now but also didn't have any holiday the first 12 years and probably worked on average 80-100 hours a week. Don't wanna say more because Sweden is small so easy to figure out who he is with a bit more info. I am not at all jealous, I could never have done what he has and I'm master's in STEM field. I'm good for 800k USD, no debt. He doesn't have debt either, he used to but not anymore.

[Anonymous No.54585811]

>>54585802
He started*, not me.

[Anonymous No.54585870]

>>54572204
>pay idiot tax
>win
>idiot continues to make poor financial decisions
>how did this happen?

[Anonymous No.54585879]

>>54572944
>meet 30 year old anon
>former child

millenial bros, not like this...

[Anonymous No.54585883]

>>54572868
>bad take
Fuck off back to Twitter you cum guzzling retard.

[Anonymous No.54586107]

>>54572204
Winning the lottery doesn't automatically give you good money management skills. And anyone who has ever had to balance a budget will tell you that money flies. You spend a little here and a little there and the next thing you know it's gone. It's a simple matter of the money coming in is more than the money going out. That retard in your picture though "wow I wonnthe lottery so I can buy anything I want forever" and he was wrong. They made a documentary about him and he was buying stupid shit like 15tf copper dolphin statues, a mansion lined with gold...etc. Being conservative, if you only spent 50k per purchase, whatver amount of money you have divide it by 50k and that is how many purchases you can make till you have to suck dick for rent money

[Anonymous No.54586282]

>>54572350
Let's assume this is true

If you became a lottery winner, how would you protect yourself against targeting by glowies/organized crime? Remember your name etc becomes public knowledge after winning. You goal is to remain sane AND keep all your winnings.

What would you do?

[Anonymous No.54586292]

Something about a fool and money...

[Anonymous No.54586370]

>>54572204
Think about the twisted mentality that compels one to buy lottery tickets in the first place. it doesn't go away just because you win.

[Anonymous No.54586378]

Because nobody actually wins the lottery. Not that amount. They are paid like 500k and sign an ND. Being low IQ gronks, they spend it in blow and hookers, the rest they waste. Years later some journo pays them 250 quid for their story, and that's that.

[Anonymous No.54586441]

>>54572204
27 million man.
You buy one house/flat (depending on your needs). You put some money in banks for interest .Even with 500000k, 3% interest you get 15k a year. That's enough for food. Imagine you put 2-5 mil on the bank for safe interest, invest 5-10 mil and do what you want with the rest. Retarded

[Anonymous No.54586452]

>>54586441
I meant 500000, not 500000k, LMAO