Leroy Fick from Saginaw Michigan won a $2 million lottery in 2010. While this sounds great, somehow Leroy is still receiving food stamps to help put food on his table. Why? Well, Leroy took the lump sump payout, bought a new house and a car and then invested the rest. Since his income is based [...]
Filed under: Lottery, Saving, Spending | Leave a Comment »
You know how I love to look at lottery winners. Statistically, they don’t stand much of a chance of holding on to the cash when they win. Many, many lottery winners end up losing it all. It’s not hard to explain, really. Managing your money isn’t easy. Most people don’t get the idea of money [...]
Filed under: Saving, Spending | Leave a Comment »
You know how I love to look at lottery winners. Statistically, they don’t stand much of a chance of holding on to the cash when they win. Many, many lottery winners end up losing it all. It’s not hard to explain, really. Managing your money isn’t easy. Most people don’t get the idea of money [...]
Filed under: Links to Love, Lottery, Saving, Spending | Leave a Comment »
It used to be that people would compare themselves with their family, friends and neighbors. It makes sense, if you think about it. People are most likely to compare themselves to what and who they see on a daily basis. If your neighbor buys a new car, you might be more inclined to feel the [...]
Filed under: Net Worth, Saving, Spending | Leave a Comment »
