A Flaw Appears in My Long Term Financial Plan
Mo' money, mo' problems: Cash windfall can lead to downfall -
Famously, Jack Whittaker burned through $300M in five years and wishes he hadn't won now. In his book on happiness, Daniel Gilbert mentions that about a year after winning the lottery, you return to your base level of happiness, which is also true about a year after someone has been paralyzed. And yet no one enters lotteries to become paralyzed (unless you count skiing).
"Roughly one-third of lottery winners find themselves in serious financial trouble or bankrupt within five years of turning in their lucky numbers, according to Chelmsford wealth counselor Szifra Birke."
Famously, Jack Whittaker burned through $300M in five years and wishes he hadn't won now. In his book on happiness, Daniel Gilbert mentions that about a year after winning the lottery, you return to your base level of happiness, which is also true about a year after someone has been paralyzed. And yet no one enters lotteries to become paralyzed (unless you count skiing).
Labels: either way - torpedo the dam
posted by Mike Beversluis at
Tuesday, October 30, 2007
2 Comments:
Interesting. I sense excellent character motivations for a book and/or movie screenplay adaptation. Get on it Mike!
By
Anonymous, at 30 October, 2007 20:18
Coming Christmas 2010, Jim Carrey stars as a jerk whose downward spiral teaches him important lessons about the meaning of life and the value of love. Can't hardly wait.
By
Mike Beversluis, at 31 October, 2007 18:42
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