FYI: A FEW WEEKS ago, life changed for 24-year-old Manuel Franco of West Allis, Wisconsin. The winner of a recent Powerball lottery, Franco took home $326 million—and that’s after taxes. With a sum that large, it shouldn’t be hard for Franco to make his winnings last a lifetime.
And yet, more often than not, such windfalls deliver heartache rather than happiness. Consider Lara and Roger Griffiths, an English couple who, in 2005, won the equivalent of $3.2 million from their local lottery. After celebrating with a spray of champagne, they both quit their jobs to go on a buying spree: three houses, sports cars, jewelry and vacations in Dubai, Monaco and Majorca. Result: The couple were penniless just six years later.
Regards,
Ted
https://humbledollar.com/2019/05/after-the-windfall/
