e different overnight. What is amazing is what some people call a fortune. People's true colors begin to shine through. That being said, I am going to just post some interesting fact I found browsing the Internet. It ought to show you how people are changed by money. Nearly one-third of lottery winners become bankrupt.“The CFP Board made an offer to the National Association of State and Provincial Lotteries to provide the organization's members with information to distribute to winners. The Investment News article highlighted the lack of financial guidance many winners receive from state lottery agencies; estimates show that nearly one-third of lottery winners become bankrupt.”Source: Certified Financial Planner Board of Standards, Inc. http://www.cfp-board.org/bulletin.html
Wealth brings unhappiness.“A new study by American psychologists has found that cash and popularity do not bring nirvana. Experts say that excessive wealth,particularly for people unaccustomed to it, such as lottery winners,can actually cause unhappiness.(..) There is evidence that there are very wealthy people who are very unhappy, particularly people who were not born to wealth like lottery winners.”Source: BBC News. http://news.bbc.co.uk/1/hi/health/1162153.stm
A San Francisco Chronicle article titled “Big lottery winners know alot about what not to do” states:“The newly wealthy spend most of their first $1 million on travel” “Research shows that a significant number of lottery winners lose their winnings within five years, said Stephen Goldbart, a psychologist and co- director of the Money, Meaning and Choices Institute in Kentfield, which advices people who come into financial windfalls.”"We've seen people who had decent marriages who came into money and it destroyed the marriage. Bringing a huge amount of money into the scene is a life-changing event," Goldbart said.”“A hermit drank himself to death just two years after winning $2.57million (1.8 million pounds) in the lottery.”“Tom Grey, spokesman for the National Coalition against Legalized Gambling, said Virginia state lottery officials found in 1999 that of300 millionaire winners, as many as 60 eventually encountered financial problems.”Source: San Francisco Chronicle article 2002. http://www.geocities.com/ccd4664/BigLottoryWinners.htm
Researchers have identified many elements that people report wanting that don't really bring lasting happiness once obtained. For instance,there are interesting data on the clinical depression of megabuck lottery winners, or that the reported happiness of the rich is not significantly higher than the average person's. Apparently, large amounts of wealth, fame, power, sex, and prestige do not bring above-average happiness over time.”According to ABC's John Stossel, "Studies of lottery winners found that within a year, most say that they are no happier than they were before they won. http://www.geocities.com/Athens/Pantheon/8320/HAPPNSS.htm
It's sad really. I hope that if I ever come into a large some of money, we find out that I am still a pretty good guy.
Posts
No comments:
Post a Comment