Easy come, easy go.
Whether we win $500 million or $1 million, about 70 percent of us lose or spend all our money in five years or less.
Take a second chance.
Always play the second-chance drawings. Some games require you to mail in your losing ticket. Others tell you to go online and register the ticket’s serial number. People either don’t know about the drawings or don’t take the time to enter, so your odds of winning are always better.
We don't quit while we're ahead.
Do we still play the lottery? Absolutely. And we’re sure we’re going to win again.
You will be exploited—possibly by your friends.
I had one friend who told me this sob story about how behind she was on her local taxes, how they were going to take her house because she couldn’t pay. After she left, I got on my computer, looked up her tax records, and saw that she wasn’t behind. When I printed out that page and sent it to her, well, that was the end of our friendship.
A lot can seem like a little.
If you win $6 million and find yourself in a room full of lottery winners who won $100 million or more, all of a sudden, you feel like the poor one. It’s all relative.
We answer for our impulse purchases.
After we won the lottery, we bought an eight-bedroom, seven-bath, 10,000-square-foot mansion because we could, and it sounded amazing. Well, now we’re selling the eight-bedroom, seven-bath mansion because it’s impractical for a family of four.
We are still looked down upon by the truly wealthy.
After we won and moved into an exclusive neighborhood, we planned a huge Fourth of July party and invited all our neighbors. None of them came—they thought we didn’t earn our money.
We're sick of money questions.
It drives me nuts when people ask where I keep the money, how I spend it, and if I still have it. No one would dream of asking a CEO those questions.
Your friends will change with your lifestyle.
Everyone who wins thinks they’re going to have the same friends and do the same things. But if you have $100 million and you want to fly to Hong Kong for the weekend, you need to either find someone who can afford to go with you or be willing to subsidize someone. And subsidizing people gets old.
You may be forced into the spotlight.
If you think you’re going to win and remain anonymous, you’d better check your state laws. Many states require that you do a news conference and hold up a big check.