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How to win the lottery (happily)

Topic closed. 40 replies. Last post 4 months ago by BellasBMWLucki.

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GiveFive's avatar - Lottery-026.jpg
NY State
United States
Member #92611
June 10, 2010
2167 Posts
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Posted: May 27, 2014, 5:59 pm - IP Logged

I guess I'm a little different than most LP members.  I'm not really all that interested in winning multiple millions of dollars. Sure I'd take a large amount of money if I won it, but all I really want is to win enough to settle all of my debts/obligations.  Pay off everybody and everything I owe money to/on and go about living my life as I always have. 

I could do that with a $200,000 win, and still have a little money left over.  The house would be paid for, I'd own all three of the cars in the driveway, and both of my kids that have student loans wouldn't have them any more. I'd be happy with that.  It's not that I'm unhappy now, I'd just be a little happier and life would have fewer financial pressures.  I'd like to know what it's like to not to have to think about whether or not there's enough money in the checking account at the end of the month because the mortgage is due next week.

Winning a Jackpot - unlikely but POSSIBLE!

    Artist77's avatar - batman14

    United States
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    January 16, 2012
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    Posted: May 27, 2014, 8:42 pm - IP Logged

    I don't want to win hundreds of millions of dollars either. I think with 2 million net, that would be enough for me. I think too much more than that, I'd be looking over my shoulder all the time (anonymous or not)......but the apartment in Paris would remain a dream....lol. I do think the "adjustment" would take a year.

    Just as the bird sings or the butterfly soars,

    because it is his natural characteristic,

    so the artist works.

    by Alma  Gluck

      Arrowhead's avatar - underground
      Ohio
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      December 27, 2011
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      Posted: May 27, 2014, 10:13 pm - IP Logged

      The so-called 'curse of winning the lottery' is overblown garbage.

      The media and academic types---and 'studies' like this---focus on the high-profile but relatively few (compared to thousands of large JP winners in past 35-40 years) disaster stories.

      For every Jack Whitaker or Bud Powell there's a thousand people who have won significant ($ million-plus) state or national jackpots, paid off debts, retired early, traveled the world. Are they all completely 'happy'? Of course not, because $$$, no matter how much of it, doesn't guarantee that. It doesn't guarantee good health, either mental or physical. It doesn't guarantee the love, companionship or affection of family and friends.

      But that doesn't mean they aren't stories that finish with a better ending than would otherwise be the case if they hadn't won.

        golfer1960's avatar - images q=tbn:ANd9GcRrT_aqD1AR0JipFSPNrYwpV7HY4uVoKxOgcUYLzZ3SEdif
        Eatontown, NJ
        United States
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        November 29, 2011
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        Posted: May 27, 2014, 11:12 pm - IP Logged

        Set up a trust and claim it anonymously.  That's the way.  Then change my phone numbers and email addresses.  Then an extended Hawaiian vacation to "sort things out". Cool

        black women mmhmm

         

        You got that right Stalker.

          pickone4me's avatar - 021414tvlies zpsa453b327.jpg
          Wisconsin
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          January 23, 2011
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          Posted: May 28, 2014, 12:28 am - IP Logged

          Unwanted or forced publicity, is the root of all lottery evils.

          Thumbs Up You got it.

            MillionsWanted's avatar - 24Qa6LT

            Norway
            Member #9517
            December 10, 2004
            1017 Posts
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            Posted: May 28, 2014, 8:43 am - IP Logged

            I'm happy I got the choice to stay anonymous in my country.

            I remember a lotto winner several years ago who appeared in gossip magazines and newspapers.
            He also came in contact with bad people. Didn't go well for him. He became an alcoholic and died.

              cbr$'s avatar - maren
              Cordova,Al.
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              January 15, 2011
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              Posted: May 28, 2014, 10:41 am - IP Logged

              If you have won the lottery, or if you plan to do so, please keep reading this column. The information is vital not just to your happiness but also to the progress of social science.

              You have a chance to dispel the notion of the curse of the lottery, which is blamed whenever a big winner ends up divorced, depressed, destitute or dead. Journalists like to explain that the curse is no mere legend — the futility of winning the jackpot has been demonstrated by actual scientists with jobs at accredited universities.

              The evidence comes from an influential paper in 1978 reporting that lottery winners were not any happier than their neighbors or more optimistic about the future. In fact, they weren't any more optimistic about their future happiness than a group of people who had been in accidents that left them paralyzed.

              It was one of the first studies testing the theory that we're all stuck on a "hedonic treadmill," a term coined by the paper's lead author, Philip Brickman, for the idea that good or bad events don't permanently affect our levels of happiness. The theory remains popular with many psychologists, and the lottery study is still one of the prime pieces of supporting evidence.

              But the study involved only 22 lottery winners, and it didn't reveal whether their happiness changed. It measured their feelings at just one point in time, typically within a year of hitting the jackpot, and it compared them at that point with neighbors whose names were chosen from a phone book. Dr. Brickman and his co-authors noted the limitations and urged more rigorous research tracking winners' feelings over time. (He died in 1982.)

              It has taken a few decades, but that research has finally been done. The findings are good news for those who hit the jackpot — and for the rest of us who want to get off that hedonic treadmill.

              The feelings of hundreds of lottery winners were tracked in two separate studies, both drawing on a British national survey of adults who were extensively interviewed annually about their states of mind and about events in their lives.

              One of the studies, by Bénédicte Apouey and Andrew E. Clark of the Paris School of Economics, found that people tended to drink and smoke a little more after winning the prize, but that their overall physical health remained the same. Their levels of stress declined over two years while their positive feelings increased, so that their general psychological well-being was significantly higher two years after winning than it had been beforehand.

              The other study, by Jonathan Gardner and Andrew J. Oswald of the University of Warwick in England, found that winners' psychological well-being dipped slightly the year they won the prize, but more than rebounded the next two years. The winners ended up much better off psychologically, and also better off than both the general population and a sample of lottery players who hadn't won a significant prize.

              The curse of the lottery was further debunked in a survey of more than 400 Swedish lottery winners by Anna Hedenus, a sociologist at the University of Gothenburg. She found that most winners refrained from splurging, preferring to save or invest the prize money, and that most reported being quite content.

              "The story about the unhappy, squandering winner primarily functions as a cautionary tale," Dr. Hedenus says. "But this is not the common reaction to the lottery windfall."

              Still, it does take a little time to adjust. Dr. Oswald, a behavioral economist, notes that the initial stress reported by the British winners in his study jibes with other evidence.

              "No researcher has ever found that people are happier in the first year after winning the lottery," he says. "My own hunch is that they have to talk themselves into believing they deserved it. It may also be that neighbors and relatives have to be dealt with in the first year, if only subconsciously, and that that is another reason the quest for immediate happiness is thwarted."

              Those adjustment problems could well last longer for the really big winners in American lotteries. The maximum jackpots in the European studies were the equivalent of about $250,000 in Britain and $1 million in Sweden — nothing like the hundreds of millions of dollars awarded in the Powerball and Mega Millions lotteries. Those jackpots can inspire a lifelong attitude among friends and relatives: You can't possibly spend all that money yourself. Let me help you.

              "Big jackpot winners say everyone they ever met comes out of the woodwork and asks for money, especially their family," says Michael I. Norton, a social psychologist at Harvard Business School. In the book "Happy Money: The Science of Smarter Spending," Dr. Norton, a co-author, reports that giving away money is one of the surest ways to increase your happiness, but he doesn't see much joy in a jackpot winner being hounded the rest of his life by people looking for charity.

              "The problem with a big lottery win," Dr. Norton says, "is that it adds a group of people to your life that you don't want to be in contact with, and it disrupts the relationships with the people you do want to be in contact with."

              That does sound like a curse, but Dr. Norton hypothesizes that there's an antidote: Keep your jackpot secret. Tell no one but your spouse; make no extravagant purchases or gifts at first, but slowly increase your spending and your giving so no one will suspect your newfound wealth.

              Dr. Oswald, the British researcher, endorses anonymity as a good long-term strategy, but he suspects there will still be problems at first.

              "If I won the lottery, I would keep the fact to myself," he says. "But my research in this area makes me think that even then I would not immediately be happier. Especially if people win big, I reckon that in the middle of the night they cannot shake off, deep inside the mind, the nagging feeling of not deserving the money. You can keep the win anonymous to everyone except yourself."

              Last year, a $400 million Powerball jackpot was collected anonymously in South Carolina, which does not require public disclosure of the winner. Most other states do, but just because lotteries crave publicity doesn't mean you have to provide it. Robert Pagliarini, a financial adviser in California specializing in "sudden wealth" clients, says it's often possible to keep your identity secret (which he definitely advises) by setting up a trust or a company to receive the prize money.

              Would anonymity prevent the curse even for huge jackpots? Dr. Norton and several other psychologists would like to join me in testing that hypothesis. But before the researchers can ask any questions, we have to find a sample of subjects.

              We know you secret winners are out there. You have the power to disprove the curse of the lottery once and for all by writing me (or having your lawyer do it). We promise to protect your anonymity. And we swear we won't ask you to share the money.

                                                                                                                                                                                                                                                                                                                                                                                                             I Agree!      Collect the winning anonymously & I Agree! with                 ,Robbert Pagliarini ,   the financial adviser definitely go this   route. Great Editorial/ Opinion

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                Tallahassee
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                May 28, 2014
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                Posted: May 28, 2014, 6:35 pm - IP Logged

                I'm not sure of how you can win $50,000,000.00 and keep it a secret?  Unless you never plan to spend any of it.  Then what would be the point in winning.  I can't imagine your friends and family not getting suspicious when you suddenly quit your job, move into a mansion, start driving a fancy car, etc. Surrender

                  Teddi's avatar - Lottery-008.jpg

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                  Posted: May 29, 2014, 10:37 am - IP Logged

                  I'm not sure of how you can win $50,000,000.00 and keep it a secret?  Unless you never plan to spend any of it.  Then what would be the point in winning.  I can't imagine your friends and family not getting suspicious when you suddenly quit your job, move into a mansion, start driving a fancy car, etc. Surrender

                  I think it depends on how close you are to your family. If you aren't close and don't see them often, then I'm sure it can be kept secret. But probably more importantly, if you're spending money, people might guess that you've come into some cash, but they won't know exactly how much you're worth.

                    Drenick1's avatar - villiarna
                    USA
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                    Posted: May 29, 2014, 12:35 pm - IP Logged

                    Unwanted or forced publicity, is the root of all lottery evils.

                    I Agree!

                    Never take advice from someone unless you are willing to live their lifestyle. 

                      Drenick1's avatar - villiarna
                      USA
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                      Posted: May 30, 2014, 1:30 pm - IP Logged

                      black women mmhmm

                       

                      You got that right Stalker.

                      Lol! too funny!

                      Never take advice from someone unless you are willing to live their lifestyle. 

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                        Bethesda MD
                        United States
                        Member #134917
                        November 10, 2012
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                        Posted: May 30, 2014, 2:23 pm - IP Logged

                        Its not the people you don't know, its the people you do know; at least for me anyway. I didn't need a study to know all the stuff in this article. This article said everything I already figured out and am trying to do. I just need the money nowCool

                        But like everything in life there positives and negatives and for people it all depends on their circumstances. There is no heaven without a hell; for every action there is an opposite and equal reaction etc.

                        I know sure as h*** I would be a lot happier if I wasn't so stressed out with financial issues on the daily basis, I feel like I'm going crazy sometimes. The biggest negatives for me would be keeping it a secret from the very few people who know me.  Needless to say because of past issues with theses individuals I would not trust them if I ever won any money. I still interact with them sometimes and they still know me so yes that would be a problem. I don't know a lot of people though so that's a positive.

                        The other thing that is negative is dealing with all the money. Having to handle it and manage it will be a job in itself.  Where to put, all the people your going to have to start dealing with to handle the money; yea its sort of a headache sometimes.

                        But, with so much money you wouldn't have to go to work or ever worry about bills ever again. You would have enough money to do anything you pleased everyday. I still imagine a day where everything is settled and I'm sitting on the beach with hardly any issues. With a good book, my favorite snacks and drinks, and doing whatever I want. Sorry kind of went off on a tangent Embarassed

                        But sure, I would be happier. I know it and it hasn't happened yet. For an individual who never had much money to do anything, being able to finally do stuff I could because I didn't have enough would be wonderful.

                        HAPPY FRIDAY MAY  30TH

                        I completely agree with most of ur Post "Goon"  this study didn't teach me anything new either.  I already knew how to Win and how to handle the Win.  One of the points the article doesn't  show is that everyones'  life  is different. No one lives the same.  I live here in the State of Maryland.  My State offers " Annonymity.  However,  if I were to ever WIN BIG...I don't care who knows I won.  I don't care if my Family knows or not.  I am not hiding from anyone.

                        I will celebrate, not hide, I will buy/purchase MY JAGUAR, (make that 2) and enjoy every second of my WINNING.  I will be fiscally responsible (Attorneys/Accounts) in tow,  But, I am not worried about people or relatives asking.  I will give what I want, when I want. Winning is not a "curse"  Why bother to play, if U feel it's a "curse" to Win.  What is the point of that?? Money is not a "curse"  and neither is Winning it.  It's a Wonderful experience to WIN BIG. I want that chance.  It's all in how U live and handle the Money that makes ur Life either a  Success or Failure.   WIN, LOSE OR DRAW.   IT'S NOT A CURSE. NEVER WAS.

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                          Bethesda MD
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                          November 10, 2012
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                          Posted: May 30, 2014, 2:30 pm - IP Logged

                          I think it depends on how close you are to your family. If you aren't close and don't see them often, then I'm sure it can be kept secret. But probably more importantly, if you're spending money, people might guess that you've come into some cash, but they won't know exactly how much you're worth.

                          HAPPY FRIDAY MAY 30TH

                          Doesn't  matter to me what my Family or the Public thinks, knows, or thinks they think they know...lolololololol   MY MONEY IS MINE.  TO DO WHAT I WANT.  If I win BIG,  I am not going to let anyone rule my life or my winnings.  U have a "right to live" as U wish with ur $$$$$$$$$.    Everyone's life is different but I think its a mistake to let other people control U.

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                            Bethesda MD
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                            November 10, 2012
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                            Posted: May 30, 2014, 2:39 pm - IP Logged

                            The so-called 'curse of winning the lottery' is overblown garbage.

                            The media and academic types---and 'studies' like this---focus on the high-profile but relatively few (compared to thousands of large JP winners in past 35-40 years) disaster stories.

                            For every Jack Whitaker or Bud Powell there's a thousand people who have won significant ($ million-plus) state or national jackpots, paid off debts, retired early, traveled the world. Are they all completely 'happy'? Of course not, because $$$, no matter how much of it, doesn't guarantee that. It doesn't guarantee good health, either mental or physical. It doesn't guarantee the love, companionship or affection of family and friends.

                            But that doesn't mean they aren't stories that finish with a better ending than would otherwise be the case if they hadn't won.

                            I also agree with many points U made in ur Post Arrohead.   Funny thing about JACK is that he was actually a very Rich Business Man before he won the JACKPOT NEAR CHRISTMAS. He was not poor and needy. Or middle-class.  He was already very Successful. Thats why, for me nothing that happend to him and his family made sense.  As I have stated previously, $$$$$$ IS NOT A CURSE.  WINNING AND WINNING BIG IS NOT A "CURSE" It's all a  matter of how an Individual chooses  to live their life.  I want the Chance to prove that WINNING BIG $$$$$$$ OR SMALL $$$$$ IS A WONDERFUL EXPERIENCE.

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                              Baton Rouge, LA
                              United States
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                              May 7, 2004
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                              Posted: May 31, 2014, 11:09 am - IP Logged

                              I think the lottery curse thing is blown out of proportion by the media. Sadly, people like watching train wrecks. I think it's because when people see someone worse than they are, it makes them feel better about themselves, even if those watching aren't much better themselves. There have been many lottery winners over the years, but the only ones we hear about time and again are the ones like Jack Whittaker.

                              If someone has problems already, a lottery win can magnify them, making matters worse, but it can also be used as a tool to help relieve some of those problems. There are also some problems no amount of money can solve.

                              I think the first step to make a big win happy is to keep it to yourself. Don't brag, show off, etc., just collect it and go on living your life.

                              Prisoner Six

                              "I am not a number, I am a free man!"