You know how I love to look at lottery winners. Statistically, they don’t stand much of a chance of holding on to the cash when they win. Many, many lottery winners end up losing it all. It’s not hard to explain, really. Managing your money isn’t easy. Most people don’t get the idea of money making money for you. In my case, if I won, I’d never touch the principal and would only live off the interest it generated.
Well, the latest mega millions lottery winners seem like they have even less of a chance of hanging on to their money than the average winner. Holly Lahti is one of two winners of the huge $380 million jackpot from a couple weeks ago. Her share of the prize is $190 million. She should get about $90 million once taxes are paid.
Right out of the gate it looks like she’s going to have to split that $90 million with her estranged husband Joshua Lahti, who she has quite a history with. Even though they are separated, under Idaho community property law, he’s probably entitled to half. With their history of arrests and suspected drug use, it’s not hard to see how they are sure to struggle with this massive windfall. It will be interesting to watch the news for them over the next few years. Of course, I hope that it can be used to turn their lives around and really impact them positively, but the cynic in me can’t help but look at all the the previous horror stories of unsuccessful lottery winners.
I, like you, am semi-obsessed with lottery winners. I normally don’t remember to play the lottery (though I do like to daydream about what I’d do if I won). Anyway, just wanted to post because I always wonder how winners can screw it up so bad and lose it all, though it looks like the most recent winner has a little experience on screwing things up!
They smplyl frgot or were afraid to say no…when friends and family asked for money they said yes, or worse said yes and later said no, then the lawyers arrive ans suck the carcass dry like vampire vultures, yes, find a good financial advisor with quality qualifications and references, find a lawyer, and an accountant too, find those best to help and then make sure they are paid by you and not on commision so they are acting on you behalf and not risking your money to make themselves a bigger commision.
Remember you know little about money and some mighty crooked people know a lot’more then you and wiling to spend a lot of time making sure theynget your money and you dont