Bankrupt Man Wins Lottery
from the how-long-will-it-take-to-get-back-there? dept
There’s a history of people who have won the lottery who later went bankrupt, mainly because they had no idea how to manage their money. So, you have to wonder what’s going to happen to Juan Rodriguez, a man with $0.78 in his bank account, $44,000 in debts, and a bankruptcy declaration made last month. This past weekend, though, he won a $149 million lottery prize (paid out in one lump sum, so it will be much smaller). What’s most unfortunate about this story is that it’s going to convince many people who are in money trouble that playing the lottery is a legitimate way to solve their money problems.
Comments on “Bankrupt Man Wins Lottery”
Why this article?
This article is interesting for a verity of reasons, but I’m wondering – why put it on this site? I don’t see any relation to technology…
Lotteries are a tax on stupidity
Shouldn’t Mr. Can’t-manage-his-money have to relinquish his prize money to the courts in order to settle his obligations first ?
Amen brother !
I guess he got a major tax refund then 🙂