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Originally Posted by pornguy
Not that they can not handle the money, that they dont think ahead. they get this really great income, they buy a big house. An expensive car, they travel, and then tax season hits. At first no problem, but they spend more and more, and tax season keeps comming.
Hmmm sounds like some others that I know.
And then one day, that source of income is gone.
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In other words, they don't know how to handle that much money.
Most people don't, actually. They have no clue. They long to win it, but when they do they turn into "rich idiots".
A guy here in Winnipeg won over $8 million on the 6/49 back in the late 90's. He bought all his so-called friends brand-new 4x4's, had himself a big new house built, spent money like a feind.
Last year he was found dead, death by suicide.
He died broke.
solution: have a decent accountant/investment advisor. I have one, now I just need to win that lotto. :D