With the Mega Millions jackpot standing — at post time — at a record $640 million, articles like this appear:
This is a subject I covered in past posts:
Back in the 1970s, I was fortunate to come across this book in the public library:
Winning the lottery is not like working your butt off and then becoming enormously wealthy via profit or post-IPO valuation.
Even though money is money, people seem to have the idea that won money is community property or something less than “real” money.
I recommend that book to everyone who is hoping to win the lottery. The stories are more in-depth than many you’ll find in cautionary articles that tend to pop up when record jackpots are in the news. A one-million dollar win should be taken with as much seriousness as a record-setting win.
And heed the words of B. Traven, from Death Ship:
It looked to me like quite a bit of dough. But somehow, before I could realize what a good feeling it is to have some cash, it was gone. Only those people who have lots of money learn to appreciate the real value of money, because they have time to find out. On the other hand, how can people who have no money, or very little, ever find out what money really means? It is in their hands so short a time that they have no chance to see what it means. Certain people, however, preach that only the poor know the worth of a cent. This difference in opinion is the cause of class distinction.
If anyone out there is lucky enough to win any jackpot:
2) Tell no one
3) Live modestly
4) Think before using any large portion of it — and that includes charitable donations
But if buying more stuff already makes you happy, you’re altogether doomed to begin with.