Ridiculous. You could live at middle/upper-middle class standard for the rest of your life just off the interest. Just goes to show that some people aren't poor for lack of opportunity.
To be honest, I doubt anyone at 19 who's just won £10 million would go and stick it in a bank account...some would obviously get used very quick, but i'd make sure to have at least a mill or two left after the crazy binge.
It seems to me like the lottery takes money off poor people and gives it to other poor people.
I really cant stand it when lottery winners say things like "Oh nothing's gonna change in my life, I'm quite happy with my job and life as it is" - okay, well how about giving the money to people who are desperate to change their lives and arent happy with it as it is?
With a million I could possibly live the rest of my life without working (20k a year until 70) thats without investing etc.
He had 10 million and now has to go back to support the kids. Shows how money can ruin some peoples lives and that just getting by is prob good for some people.
Imagine what the girls may think when theye older Dad become a multi millionair then blew it hookers ......
to all the people who say they will put it all into an account and live off the interest: i'm pretty sure 90% of you wouldn't do that if you actually did win that much money.
Some people have poor money management skills.
Lack of foresight maybe, but he had fun.
I would probably still work if I won the lottery. Just less.
I don't get how he could have nothing left. What happened to the expensive cars and whatever else he bought? Sure he took drugs but no one can spend millions on drugs.
People talk about living off the interest. It's a smart idea but surely you'd spend a million on nice things first. It would only be 10% less interest you'll be living off.