I’ve heard of a large portion of lottery winners go bankrupt within a couple of years. I had a co-worker that won the California Lottery on July of 1997. he quit and was never heard from again. I now found out that he played the horses, went to the card casinos blew through 4M (he took the lump sum) and was broke within 5 years working a minimum wage job. I found this out a few months ago. How the hell can this happen?

If I’d win the lottery, I’d invest the money and would not buy stupid stuff. A house, hell yeah! investing the money, hell yeah too! I’d pay a company to invest the money to insure myself NOT to be like my former co-worker.

But seriously, why does this tend to happen?

Technorati Tags: california lottery, casinos, co worker, hell, horses, large portion, lottery winners, lump sum, minimum wage job, money, stupid stuff

i need some help (no i’m not going bankrupt) i want to make some spare cash. and was thinking what better way to make money than off of my horses! i dont want to give lessons, but cant think of anything other than that please help?
first of all i would like to say thank you for all of the answers so far-
and to pony girl and PRS and any one who agrees with them let me say this "I AM NOT TRYING TO MAKE A LIVING OFF OF MY HORSES! just want to do something fun and MABY make a little cash off of it " i like the idea of entering them in shows i might try that. if you come up with anything more -tell me!-

Technorati Tags: horses, pony girl, prs, quot, something fun, way to make money