It is Saturday and later tonight the Powerball people will FINALLY pull
Seriously, you WILL be affected by the amount of wealth this event will hand out, even IF there are multiple winners. if you don't THINK you will be, wake up. There is more than 30 years of winners history to refer to and the horror stories are so common it's a wonder why ANY of us play. There are homicides involving winners, some as soon as the following day after they were aware of their good luck. There are folks who had hundreds of millions of dollars that didn't last but a few years. Many people wish they had not played at all.
Of course, this wouldn't happen to US!
Well, I am stupid enough to recognize "stupid" in the mirror. I also still have enough memory to recollect those times when money seemed like an endangered species in my household. When I was VERY young, Mom made less than $100 a week and we felt fortunate to have enough meals for the week. When there wasn't, Mom fed ME and went hungry. Wonder why it's easy to have her around NOW??? A few years later, we were a little better off. but I still couldn't get the trumpet needed for me to take lessons. My music career ended before it began. There were no exotic trips to the shore or to the far east. We just didn't have it like that.
Even later, when I wasn't working for a good while, I had my mind in a VERY dark place that I wrote about [here]. Money has a way of doing that to you, but it seems more common when you DON'T have it! Like the time I wanted to support one of my best friends with college money for her son, who I used to help with his homework. I was ashamed to say I couldn't and there is NO reason except for my being irresponsible with money most of my life. I had a similar feeling when my cousin asked for a loan and I couldn't do it. It's a sick feeling, wanting to lend a helping hand and the only option you have is to say no.
I'm sure most of us have endless stories of similar situations, and with the rewards of this drawing, would allow us to be in a giving mood quite often. Unfortunately, like the saying goes..."For unto whomsoever much is given, of him shall be much required". There WILL be a downside to this, no doubt. The key is to know it and control it. Things such as -
TAXES. We ALL have to pay, but when you have a stack of $500,000,000, I am sure there are ways to minimize the "donation" to Uncle Sam. Just sayin... He hasn't had a good track record of spending wisely. In fact, in MANY things es estupido.
CARS. My name is Thomas and I am a car addict. If I have a garage with room for 100 cars, I will fill it and probably need more room. That will be my cross to bear. Right up there with "Which ONE do I take for a ride?". The only cure is to face facts and buy nice cars.
INVESTING. Can I get Warren Buffett's number???? No matter what anyone tells you, there is no SAFE way to invest and get a good return. If you see what the SAFE bets are, they are at 3% or less. How much you are willing to risk is key. There are so many dishonest folks dealing in this field that I wonder just how much help they would be. Surely this will be a source of a few sleepless nights. Maybe I will just buy Hershey stock and call it a day....
HEALTH. I have said many times I am NOT trying to live forever. With so much good to be gained from the position of this new-found wealth, I may have to re-examine this theory.....
The REAL problem will be, how much GOOD can be spread out using the winnings? I have talked about this before and my attitude hasn't changed. I WILL use more of them money to benefit others than I will use for myself. I am thinking everything should be transparent. The investing, the plans, the ongoing activities, and updates on who has benefited and how it's working out. I am sure many, many people can prosper with just a little help.
To wrap this up in a simple line, it will be like a dream to experience the luxury life can offer if you have the means, but the true joy will be in seeing someone's life improve because you gave them a chance to succeed. Karma will reward in my world.
Stay tuned... this is about to get very interesting!