The Powerball jackpot for Wednesday night has reached $550 million dollars and there is a 75% chance that someone will win tonight.
If one person wins and chooses the cash option they could take home over $327 million before taxes.
Everywhere you go people are buying tickets, teaming up with friends, family, coworkers and discussing just what they would do, what they would buy, and where they would go if they were the winner of the huge jackpot tonight.
While many dream of paying off bills, buying dream cars, houses, and going on luxury vacations, because life is going to be better than ever, there are those who have won a huge lotto jackpot and say that winning the lottery does not mean life gets easier.
When you go from living paycheck to paycheck, suddenly getting such a huge amount of money could affect you, in good and bad ways.
Sandra Haynes won a $224 million jackpot with other coworkers in 2006. Her take was a little less than $6 million and while she was able to pay off bills, buy that dream car, and take a nice trip to Hawaii, the money did bring out the worst in people in her life who became greedy and expected money from her.
“I had to endure the greed and the need that people have, trying to get you to release your money to them. That caused a lot of emotional pain. These are people who you’ve loved deep down, and they’re turning into vampires trying to suck the life out of me.”
She now lives on a budget again, though not as bad as she was before winning and says that if you are not careful, it could go as quickly as it came.
She also wrote a book about her experience; “How Winning the Lottery Changed My Life.”
A West Virginia man who won big years ago said the money changed his life for sure, but not for the better, he got divorced, lost friends, and lost a daughter who died from a drug overdoes, that would not have happened if the money would not have been there.
Granted this is not what happens to every winner, people need to not let money change who they are and how they handle things.
Buy a house, pay off bills, go on vacations, but be responsible, know that money can affect us emotionally, and psychologically as well.
Realize who your real friends are and be prepared to lose some you thought were friends as well, money brings out the bad in many.
If you are responsible, well prepared, and ready for life to change in many ways, winning the powerball could make life better than it ever was.
Seven time lotto winner Richard Lustig had some tips on winning the lottery when he appeared on GMA today, here are a few he shared;
- For a large jacket pot such as this week’s $500 million Powerball jackpot, pool money with a large group of people to increase your chances (don’t forget to get a legal contract in writing!)
- Pick your own numbers instead of having the machine do it for you
Research and see if your numbers have won before
- Select your ten sets of numbers and keep those if you continue buying tickets
Buy as many tickets as you can afford. Lottery officials say that the more tickets that are purchased, the greater the odds there will be a winner.
He also said do not go crazy about the lottery; set a budget, do not spend more than you can afford and never spend money that is needed for every day living, needs, like food money.
He has written a book about his experiences and you can get all his information and tips, and advice on his website here.
Dream big, think smart, and good luck.
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