Has anyone ever won the lottery online?
Further down on the list, lottery winners spent their winnings on luxury cars, gifts to
family and friends, holidays, and paying off debts and mortgages. This study
also highlighted just how much winners spend on their friends and family.
Paying off your debt will give you a sense of freedom as that burden is lifted
from your life. But it's still not time to spend any of your lottery winnings on the fun things you
have on your mind.
Pay Off Your Debt
- Mortgage.
- Car
loans.
- Personal
loans.
- Credit
cards.
- Medical debt.
- Items you've allowed to go on your credit.
Do lottery
winners spend all their money?
Whether they win $500 million or $1 million, about 70
percent of lotto winners lose or spend all that money in five years or less.
What would you do if you won the lottery? Would you buy a new house, a new car, travel around the
world, give money to charity? If you won a huge jackpot playing Euro Millions
for example, you would be able to afford all of those things and still have
money left over.
When we hear stories of ordinary people who turn their lives
around after coming into a big lottery fortune, we wonder if we will get lucky as well. We wonder “What do lottery winners do with their money”
because we fantasize that one day we will be in a similar situation and need to
make such momentous decisions ourselves. We realize, however, that winning the
lottery is a matter of luck. Still, it never hurts to dream!
Let’s take a look at what some newly created millionaires
have done with their lottery winnings
and see if we can plan ahead for the day when our dreams will come true. As
expected, many of the lottery winners spent
their money on new homes, new cars, and fabulous vacations. Here are examples
of what some of the lucky winners did:
Deana Sampson, from Sheffield, South Yorks, after winning
bought her parents a bungalow and took 22 family members on a luxury holiday to
Jamaica. She spent £800,000 on a yacht on her 40th birthday.
Ray Wragg, from Sheffield, after winning was very charitable with his winnings. He
bought a Range Rover and filled it with Easter Eggs for the local kids from a
school in Sheffield and paid for them to have a holiday at a farm.
Tom Naylor, from Wheaton Aston, Staffs, who won in 2001,
bought two Aston Martins, three Jaguars, a Ford Mustang, and a Land Rover
Discovery. He said his biggest extravagance was flying nine family members to
New York via Concorde. It cost £25,000 and when h saw three giant white stretch
limos waiting for him and his family outside the airport, it was an incredible
moment.
Many lottery winners
spend their prize money on travel. Ben Woods, from Liverpool, who won in 2004,
paid for 12 trips to New York and holidays for his parents. Geoffrey Bennette,
who won in 2011, has explored South Africa, Scandinavia, India, New Zealand,
and Australia, mostly by train.
Libby Elliot, from Aberdeen shire, who won in 2012, has gone
on dream trips, from Jerusalem to Route 66 to Buenos Aires. Dione Buss, from
Somerset, who won in 2013, went to see the Great Wall of China. “Other goose
bump moments are our incredible worldwide travel adventures,” she said.
We as lottery providers find it takes six to nine months for winners to adapt to their
new life. There are both emotional and practical adjustments to be made before
they truly relax into a millionaire lifestyle and there is no set rule book to
follow.
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