Drawbacks to winning the lottery..

Jump to Last Post 1-8 of 8 discussions (12 posts)
  1. Stacie L profile image89
    Stacie Lposted 13 years ago

    according to this article,there are 8 drawbacks to winning big...
    http://articles.moneycentral.msn.com/Sa … ?GT1=33010

    1. taxes...well that's a given..
    2.handling money becomes a second job
    3.keeping up with the Jonses...status is necessary evil
    4.no more bargain hunting
    5.strangers beg for money
    6.anxiety will take over as the stock market rises and drops
    7.you can't trust anyone
    8.security becomes an issue.

    with all the new money I'm sure life will change but I will handle it..
    how about anyone else?

    big_smile

    1. CRMoneysaver profile image60
      CRMoneysaverposted 13 years agoin reply to this

      1. Duh
      2. Yes but I'd prefer it to the one I have
      3. Non issue, I could care less
      4. Why the heck not????
      5. Not worried about strangers, worried about family/friends!
      6. No more than it already does.
      7. What else is new?
      8. What else is new?

  2. paradigmsearch profile image61
    paradigmsearchposted 13 years ago

    It all will depend on one’s level of maturity.smile

    1. Stacie L profile image89
      Stacie Lposted 13 years agoin reply to this

      now you're being coy...

  3. Victoria Stephens profile image73
    Victoria Stephensposted 13 years ago

    You'd never get to make any of them funky meals that taste so great. You know that ones you throw together when the cupboards are running low and you want to use up the half empty packets of stuff? Or is that just me? hehehe.xxx

  4. elayne001 profile image77
    elayne001posted 13 years ago

    ending up worse off than you were before the win due to taxes, needy family and friends and lack of financial planning - just wrote a hub about it, if you are interested...

  5. Stacie L profile image89
    Stacie Lposted 13 years ago

    i just read it ;you beta me to it.I guess the mega lottery has been in the news lately.everyone dreams of winning it big.
    I plan to stay the same person but I think it would be almsot  impossible with that amount of money and what it means to others.

  6. Wayne Orvisburg profile image62
    Wayne Orvisburgposted 13 years ago

    I think I could find a way to cope. I'd fill my time doing things I enjoy and would love to be able to just randomly give to people in need or reward someone for just being kind.

  7. Greek One profile image63
    Greek Oneposted 13 years ago

    1 taxes...well that's a given..
    --- Lotto winnings are tax exempt in Canada

    2.handling money becomes a second job
    ---- I can hire someone to do that if I win enough.. or I can just put it in savings accounts earning 1 per cent

    3.keeping up with the Jonses...status is necessary evil
    that's the case at any level of income.  I plan on buying a mansion on a big lot where I dont have to see any Joneses

    4.no more bargain hunting
    -- I'll buy a Goodwill

    5.strangers beg for money
    -- Not with my BIG security gate

    6.anxiety will take over as the stock market rises and drops
    --- wont affect my savings accounts

    7.you can't trust anyone
    --- don't do that know anyway

    8.security becomes an issue.
    --- see answer to number 5.

    1. profile image50
      momaof8posted 13 years agoin reply to this

      I would love the fact of not having to be layed off,When your boss decide it. That is one of the things i would not have to worry about. That is what happen to me a couple of days ago. Came from know were.They ask me to promise to never leave them.Over a year ago.I have work for them almost 6yrs.I told them I would never leave them.If I would ever decided to leave i would give them a 30day notice.They were so happy. work for them almost 6yrs.would not take off when i was sick.Why because they needed me..Iam hurt confuse, So if I ever get a windfall,I would do alot of good.Because I know what it feels like.God is making a way out of no way.
      I will continue to look up! God Bless!
      Momaof8

  8. couturepopcafe profile image61
    couturepopcafeposted 13 years ago

    Seriously.  No drawbacks.

    1. KoffeeKlatch Gals profile image75
      KoffeeKlatch Galsposted 13 years agoin reply to this

      From my standpoint it looks like there are no drawback.  However, I can imagine eveyone you know or don't know coming to you with their hand out.  I can also image them becoming quite angry if you don't fill that hand with some money.  I've heard a lot about people spending all of the money and being broke within a short period of time.  Silly of them.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)