With Half A Billion Up for Grabs, Past Winners Left Not-So Fortunate After All
COLUMBIA, Mo. (AP) - There's a half-billion dollars up for grabs tonight and all it will take is a $2 Powerball lottery ticket and a boatload of good luck.
But past big money lottery winners warn that there's a downside, including others' greed, lost friends and an emotional roller-coaster of joy, anxiety, guilt and distrust.
Past winners of mega-lottery drawings and financial planners have some more sound advice: stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster.
Experts also say psychological planning is as important as financial planning.
Tales of big lottery winners who wind up in financial ruin or other desperate straits are increasingly common.
A two-time New Jersey lottery winner squandered her $5.4 million fortune. And a West Virginia man who won $315 million a decade ago on Christmas later said the windfall was to blame for his granddaughter's fatal drug overdose and his divorce.
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