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SVTPerformance's Chain of Restaurants
Road Side Pub
Guy on another forum I visit won $1,000,000 scratch off in Missouri
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<blockquote data-quote="CobraBob" data-source="post: 16486170" data-attributes="member: 6727"><p>Financially desperate people don't usually think logically, nor to they usually understand the concept of planning, budgeting and waiting for the right time to buy. They live for the moment. Given the choice to buy a $150 pair of shoes or a $700 pair of shoes, both which feel great and look great, the lottery winner will usually spend big....and foolishly. It's their chance to obtain "stuff" they could never afford before. Most of us know that it is very common for lottery winners (big money winners) to spend through their money in quick time. It's very rare that they set aside a good portion for the future through savings or wise investments. For them, it's much less an opportunity to be financially secure than it is to have, right now, what they've wanted but could never afford. Tell the average big money lottery winner that if they wait 6 months to save, say, $30K on a house vs. buying it right now, they'll usually spend the extra "right now" because they have it to spend. JMO.</p></blockquote><p></p>
[QUOTE="CobraBob, post: 16486170, member: 6727"] Financially desperate people don't usually think logically, nor to they usually understand the concept of planning, budgeting and waiting for the right time to buy. They live for the moment. Given the choice to buy a $150 pair of shoes or a $700 pair of shoes, both which feel great and look great, the lottery winner will usually spend big....and foolishly. It's their chance to obtain "stuff" they could never afford before. Most of us know that it is very common for lottery winners (big money winners) to spend through their money in quick time. It's very rare that they set aside a good portion for the future through savings or wise investments. For them, it's much less an opportunity to be financially secure than it is to have, right now, what they've wanted but could never afford. Tell the average big money lottery winner that if they wait 6 months to save, say, $30K on a house vs. buying it right now, they'll usually spend the extra "right now" because they have it to spend. JMO. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Guy on another forum I visit won $1,000,000 scratch off in Missouri
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