Winning the Lottery May Not Be as Great as It Seems
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- Опубліковано 11 вер 2024
- As these Inside Edition stories prove, getting a windfall of lottery money isn’t always as great as it sounds. One Florida woman went to prison for tax fraud after winning $13 million in 1990. A former lottery official was sentenced to 25 years in prison after admitting he rigged jackpot outcomes in 5 states. But winning isn’t all bad. When a California couple won $266 million dollars, they set up an education fund, and a chef in North Carolina used his $250,000 win to feed the homeless. #InsideEdition
Bruh it’s always the people that can’t handle their finances that win the lottery
cuz the people who handle their finances arent broke loser and dont but lottery tickets
@@omars9263 frrr
ok bruh
Smh right
Right
it’s not the lottery, it’s how you make the money not affect you in bad ways
Exactly and it is the people who don’t know how to handle it.
They could still win by just patiently waiting and buying in moderation and not hacking.
There is no cure like money
Trinh Nguyen I am blessed that even though I went to a public school they had a business principles class that taught us how to write checks and spend money wisely even though I'm not the biggest fan of Dave Ramsey it was very useful and valuable class.
If I win the lottery I’m still goin to be working like I’m broke
Lmaoo, this video makes it sound like the lottery ruined these people's lives when they did that themselves.
Ikr
Smh.
"If one gets rich by luck, the fortune will be lost by one's ability" a popular Chinese saying.
"To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people." - Charlie Munger
If I do win that money go to my parents because they the one who been there with me and my sister
There's a crime behind every fortune
They say money cant buy happiness but I say, “ y’all
Ain’t doing it right “, 😆
Lol
Love that 😂
So true!
Well it actually can
“Money doesn’t guarantee happiness, but it sure as hell makes it easier.” - A Redditor
It doesn’t seem like the lottery’s issue or the money itself... it’s the people who won the lottery.
Im just a simple man. I just want me and my family to be able to live comfortably. If I did win an exorbitant amount of money I would just make sure my Mom and sister were taken care of. The only thing that I may go crazy with is having a crazy video game collection!
@Ball-Steve Johnson ".....just make sure my Mom and Sister were taken care of blah blah". How about your Dad, Brothers, Sons, Uncles, Nephews?
You were raised by females SIMP?
SAD!!!!
You probably don't know your dad as your mom "rides trains".
All you have to do is put the money in an index fund and you can live off the dividends.
@@1malikalik Maybe the guys dad left them?Don't judge quick
that’s not how the joke goes....
I'd want to splurge one time then go back to a modest life.
It's called free will. YOU have the free will to do good or do evil with the money.
Yup and it is like the saying “ water can make a ship float but it can also make the ship sink”.
FACTZ
@@TrinhNguyen-sh4fj yeah, but water can put a fire out and a fire will always burn your ass
Money changes even the best people.
@@andyd3447 Yes it does; like politicians. You need to practice discipline when winning a huge amount of money.
Well luckily we bigfoots don't have to ever worry about winning the lottery out here in the woods anyway
Lol🤣
Burritos taste better than bigfoots
LOL
I’m mad at myself for laughing
I'm mad at myself for clicking but then I realised this is such an underated comment wow
When you’re 30 minutes early instead of 4 years late. Greatest feeling.
yeah
Imagine people in the future reading this comment. Lmao
Frrr
This quote is unintentionally deep
Mmmmmmm
It's funny how people call winning a windfall a curse when at the end of the day it was because they personally couldn't handle being rich and didn't know how to act
The lottery isn't the problem, It's the people who spend it.
Yipp
🙄
@@Arkensius1157 no
America is on a huge "blame the system" kick right now. It's never the fault of the individual these days.
But if I won the lottery, I’d not tell anyone. Because then idk who’s being real or who’s using me. And then ppl would expect money from me because I have it, even if I don’t know/want to.
Money will expose greed in friends and family. Watch who you associate with and who you allow in your circle of friends and family in times of giving and needs.
@@DLIX2DCLI Don't forget business partners.
You'd have to leave town within 2 months of getting the check.
And not to mention millions of people in the internet forcing you to give the winnings to charity
@@nmg1541 exactly
I'm so happy for Roberto he sounds and seems like a good person
The richer someone gets, the bolder their true character.
I found that out when my mother received a settlement. People say it changed her, I say no, she just has money and doesn't think she needs anyone's help anymore so she shows her true colors. Sad because she cares more about money than family. Everything is about money now. She never really worked in her whole life and now everyone else that has , in her eyes and words has never done anything 🤣 Hate to say it , I am about to move out of state and after that I will not talk to her ever again . Can't take her negativity anymore.
@@jaycole5353 If I would win that much money, I would hate every penny of it instead.
Lol no money doesn't change people
@@everafter2611 It just brings out their true character....Look at the Paul brothers...
It doesn't. Why do people only say this when it comes to people being selfish?
If I won the lottery I would be extremely scared because I know there's now a giant Target on my back and I don't want to be like that guy in Florida who got murdered right after he won the lottery
Huge fax
Abraham Shakespeare
Don't tell anyone shhhhhh quiet
Don't tell anyone not even family.
People talk.
@KATELYN NYAMANDE True.
I like the last guy who used his money to feed the poor
Me too,thats the kind of man,that will truly be blessed.
Controversial opinion; There's a reason why not everyone's rich and it should stay that way. Most people simply can't handle it.
True, and besides that, People would be prideful if all of us were rich lol
It’s impossible for everyone to be rich
It aint too controversial, well, at least to me. We already know some people dont deserve to live or live a easy life. Some people should just not reproduce and others should never be put im charge of people.
Not everyone can be rich it will literally ruin the economy
I don’t think it’s possible for everyone to be rich, but I think the real problem is that the cost of living is too high
They just don’t know how to use there money wisely.
True I’d just use it to share with family and food lmao
Their*
Very few people knows. And no one would know they will handle the money after they get it. Cuz it does change people
*their
@@dutch1627 lol, Win 10 Million, put it in the bank and live off from the banks interest rate, easy.
Roberto is the man! He has such a beautiful heart
Me win the Lottery
That one kid from first grade:ayo remember that time
Lol
I loaned you $5 for lunch money 20 years ago will you buy this $50,000 car for me?
"Ayo remember the time I let you borrow 1 dollar? Yeah uh, I need a favor."
Ayo remember the day I let you borrow my console. Will you land me some cash?
So uh, the pencil I loaned you that you never gave back...um, the price has gone up
The lottery has the potential to ruin or bless your life. It all depends on how you handle the money.
FOR ANYONE WONDERING, THE ROCKET LANED ON EARTH ALREADY. IN THE INDIAN OCEAN
ok
I was randomly wondering & thank you for the update.
Just like any other rocket. US propaganda trying to put China in a bad spotlight smh
Thx
Not new york? Awwwwwwww
first time seeing this before its 3 years old thats crazy
Yeah me too, it just weird
The type of video you watch when you’re procrastinating your finals 👀
Goodluck on your finals
@@silentknight2329 thank you very much 🙏
Gl
Felt and gl-
I have 4 essays I need to finish by tomorrow afternoon. I just finished an essay a couple minutes ago. Wish me luck.
Why do I procrastinate😭
The guy really went in there looking like the Merchant from Resident Evil 4 and thought no one would notice.
hehe, welcome stranger.. Whaddaya buyin'?
lmao good eye😂
🤣🤣🤣🤣🤣
The curse of spending your money beyond your means, yes. You've got to be careful whenever you get money, be it from the lottery, work, some other means. Save some & spend at your means, not beyond them.
Having $1.6 billion overnight like the family would be a dream come true😁
They only got 266 million after taxes etc lol. SO they instantly lost over a billion moment won lol
@@JJ-Malone 1.6B is the value if you took the yearly payout as they put the lump sum into an annuity. The cash lump sum would be somewhere in the 900M range and then you take out approx 50% for your taxes so you end with about $450M. If you invest this properly you will be a billionaire in less than 7 yrs with the way the markets move these days. But ultimately, you just need to put it in tax free bonds and you will have more money than you could spend each year.
@@Tom-oz7iy No it's not. Its still a huge tax if take year payout. It'd still be near on 800 million taken in tai and that depends on what States you live in.
@@JJ-Malone So let’s say they received 266 million as you mentioned. Who would complain about being given that amount of cash? You could live lavishly all your life and pass the wealth on to your kids
@@av3169 Exactly, you could literally have a million plus allowance per year for the rest of your life and have tons to spare
Give that Chef a medal , he's the real Lotto Hero
What would you guys do if you won the lottery? I'd just buy my dream car and house and invest the rest 😂
Same
Same
Same also help my mom and dad, siblings too & put some in a CD for my daughter on the way. Def invest tho! Whether it's flipping houses or in companies idk something. In March I played I won $200 I was TWO numbers off the az lottery i even had the Powerball number I almost fainted just reading the winning numbers haha
No no no. Stop with the “I’d invest”. If you have that ability/knowledge, you’d be doing that now.... of course, it depends on how much you win but if it’s in the millions, the best course of action for the common person is to take the 20yr installment to ensure you’ll have a steely income stream just like your retirement plan. The only investing you should do is in very safe funds, mainly to protect your money a bit. Just live like you’re in retirement and you’ll have a carefree life
@@williammyers269 I'd invest
Pay off debts, build a modest cabin in the woods, have a regular used truck, dont buy flashy clothes, do some travel, keep working, dont hand any out to family or friends!!! Not a single dime because they'll use you and if you go broke you wont hear from them again!!
@@MC-kj7dy well see I live in a fancy neighborhood where pretty much people can buy what they want , they have the toys and money and I realize I just dont fit in, I'd rather live in a shack out in the middle of nowhere with no tv etc., I find conversations about stock markets and yacht trips around the world pretty boring!
Give me all the curse with that money , bring it on
Money can’t ruin the lives of humble people like Roberto 🙏🏻 humble Latino
It’s actually pretty simple to not waste your cash. Just live the same life you use to, but also enjoy the cash little by little. You can easily live 2 generations like thos
dad after 5 years: hey i got the milk you wanted
None of this is about the lottery "curse", it's all about people making bad choices
I still want to win the lottery. I'll take that chance
A wise turtle once said:” Yesterday is history, tomorrow
is a mystery, but today is a gift. That is why it is called
present.”
If I won the literary I’d still be saving the money like crazy.
I loved the Roberto Mendoza story at the end there. What a guy.
Wait, if he grew up without a mom and dad how did his mom suggest for him to buy the $5 lottery ticket that made him a winner? Can someone please clarify this part of the story?
I can't believe that lottery number could be hacked.
Exactly what I was thinking, so obviously it can be rigged...
The ones generated by computer can.
I just won’t let it change how I live my life.
Simply don't collect the lump sum and pay yourself $100k a year with your LLC.
Was a beautiful piece about that Chef.
As soon as you win a jackpot on the lottery get yourself a nice... preferably Jewish tax attorney... lawyer...financial advisor... possibly even a PR person. This will help you not end up like the lottery curse people
God should just test me with $500,000. I wanna see my true colours 🤣🤣🤣🤣
Don't spend it like a poor person, save and invest a portion. Don't waste the money on things you don't need just to have it. And don't throw big wild parties.
Mhm. Ya gotta be smart with what you have so that way, you've got money in the long run to enjoy
Buy a house and a car and etc
@@22dapper33 Exactly, you don't want be poorer than before the lottery. And it's been said, people blew their money quickly and end up in debt.
Not my quote, “money doesn’t change people, it reveals them”
Sending positive vibes to everyone today!
Nobody is going to mention the fact that she said Oklahomo at 1:55 🤣
The only reason I am alive today is the sheer hope of one day winning the lotto
@John Mamo WTF
@John Mamo Nice lying kid
@@benjaminfrankliniii9857 this guy is obviously lying, the chances of living the lottery 7 times in beyond luck. I’ve also check for his name in the lottery winners. Nope isn’t real
Lottery is the new religion. The hope of heaven in the after life was the gift from God and religion carries on with this belief and faith.
Same and also because of anime
This is why I don’t buy it, I am not sure if I can’t handle it. Money change people.
i stil want to experience the win for myself in irder to determine if its great or not
Roberto is such a sweet man. May life give him more and more!
Rigs jackpot: Jailed for 25 years
Kill someone in cold blood: Jailed for 5 years
If you win the lottery, you should do the following:
1.) Keep your mouth shut 🤫
2.) Erase your debt, move 🛻, & change your phone number
3.) Keep your winnings in savings so you can live off the interest 💰 💰 💰
4.) Plan on who you want to help out (family, friends, homeless shelters, etc.) BUT be careful because people will take advantage of you sometimes.
I have seen/read stories of some people winning millions from the lottery and losing almost everything. I don’t know why they think they can live in big mansions and buy expensive cars. That’s a big mistake! The bigger the house, the higher the property tax. I can’t even imagine the insurance cost on expensive cars.
The other mistake is that some people forget that Uncle Sam & the state takes a chunk from your winnings. For example; if you win $100,000,000, you’re not going to see all of it. If you take the lump sum of that, you’d probably only see 75m or even just 50m (it also depends on what state you live in). That’s why people that win the lottery need to wait before they go spending on things they want.
It’s not money it’s the people
Winning the lottery is the BEST....
*If YOU Know Financial Management* !
1. Get A Lawyer
2. Get An Accountant
3. *Get Out Of Town* ! ! !
Love how everyone wishes to win and yet this video shows how bad it can be.
Roberto you deserved so much more!! Bless your soul ✨💪🏽
I'm pretty sure that I watched the same video made from years ago???
I couldn't be the only one, right?
I hate when you win the lottery, people think you're supposed to help everybody you can
I would buy a property somewhere like Colorado or Wisconsin and ty and live a modest lifestyle while seeking ways to further my education and maintain/grow my wealth.
When you pay the wrong people yes it’s wasted!
People who have bad income management don’t magically become wise investors after winning the lottery.
Give it to me let's see how bad it is.
I'm sure if you invest your winnings properly you will go far
But I will never go public
Don't need new friends or ppl you havnt heard of in years knocking on your door asking for money
I think that's one of the biggest mistakes is going public
Greetings from South Africa
Not only that, but no one will ever be generous and offer to pay for anything for you ever again.
@@lntg true 👍
I know people say you'll never know what you would do in a hypothetical situation. But if I won 13 million dollars I KNOOOOW I wouldn't blow it all on nothing. That's impressively stupid.
The guy who won the least (250K), gives the most: helping others.
Yup and he will continue to be blessed throughout the rest of his life
I know how to win big without a curse. Bring on those winning lotto numbers Lord!!!
I still want to win it’s about your mindset
That's why I hate lottery. My father was hook on spend all his money on it. Never won much. No wonder it is Rigged.
Hi
Hi
Hola🗿
@@iforgor3594 como estas
hiiiiiiii
The true first
It’s not the money itself, it’s how you handle it.
stay blessed 💖
Money comes, money goes haha
Good luck every one
Hope you win 🙏🏽😁
The first thing you do when you win the lottery is getting a great accountant!
You get to live on $60,00 a year, and give the rest to charity! .... That's a lottery win! 🥰👍💕
I won the lottery on multiple occasions in multiple states; the money never changed me. My total winnings equals to well over $15.
I love inside addition
Wtf Tipton should've left the country, change his identity, stay off the grid. Holy sh**
noice
Just invest in a bank the monthly interest itself will be sufficient monthly
Blowing all your money then blaming it on a curse just shows you what kind of person that woman is.
Exactly
That’s why you get a financial advisor.
Yes winning millions and millions of dollars can ruin your life but that's a chance I'd be MORE than willing to take!
This story happened years ago..a friend asked if someone interested in buying a new slightly used expensive refrigerator, her friend was selling some of her furnitures which she bought from her lottery winnings...their story was the married for years with grown up kids won the lottery,.. spend the money, bought expensive things, stayed in expensive places,.the man had mistress, the woman had boyfriend.. they end up broke broken family..
Playing the lottery is the dumbest way to waste your money.
All fraud and crime aside, a lot of people don't talk about what it can do emotionally and mentally to people or their families. I heard many people change once a person in their family wins the lottery. They'll try to guilt trip them for money, manipulate them, of course use the tactic "we're family", etc.
It's honestly a shame to see people who loved you for you turn to love you for money.
dealing with family ,friends and all the "new friends" would be the toughest part of winning the lottery. If i won a couple millions i would definently want to take care of my immediate family.
Money is the root of all evil. If you didn't work forward it will destroy you.
Facts
1:12 he manipulated the numbers. What!😐. I thought it was random. So you win if they want you to😞😖
facts
It's said you have a higher chance of getting struck by lightning than winning the lottery.
When it comes to money, you don't become rich or well off based solely on how much money you have, but also on how well you understand how money works. Your financial literacy, something most people don't have.
I would rather win the lottery, than not win the lottery.
How very true!
The smartest lottery winner was the person who collected their winnings in a Halloween mask, no one asking for money, no one stealing money no one knows, you just take nicer vacations than you used to
Stupid people will blow it on crazy items.
I would like to find out for myself. Thank you! Good thing I have no family/friends
Chef Roberto Mendoza has a heart of gold; no lottery money can buy.
Bruh I don’t know how I’m gonna pay my sons daycare - 13 million doesn’t sound like a problem. It sounds like a blessing for a lot of people