Winning the lottery is a dream many people have. Sadly, that dream can really turn sour when people come face to face with a huge pile of money. Here’s proof positive that you might have money but that doesn’t buy happiness.
1. The Griffiths
Lara and Roger Griffiths won a $2.76 million lottery jackpot in 2005. Suddenly, they were rich – they bought a Porsche and a million-dollar house. The couple couldn't live happily ever after though – their 14-year marriage ended after Roger was found interested in another woman, a freak fire gutted their house, and all the dough was gone.
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
2. William Post
In 1988, William Post won $16.2 million in the Pennsylvania lottery. Unfortunately, it took him 12 short months to lose everything and even find himself in $1 million debt. There was a series of unfortunate events – his ex- girlfriend sued him, his brother tried to kill him to get a share of the winnings, and he lost the rest to various 'flop' family business ideas.
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
3. Suzanne Mullins
In 1993, Mullins won $4.2 million in the Virginia lottery, but she has now become a part of 'sad-but-true' tales. She took a loan of $197,746.15 using her winnings as collateral and agreed to pay it all back with her checks from the lottery. The rules changed later and she could collect her winnings in a lump sum. She couldn't manage so much money and started skipping her loan payments. The company sued Mullins and won a judgment against her for $154,147. Mullins has no assets at all and the company is yet to collect a nickel.
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Martyn Tott and his wife didn’t get a chance to spend $5 million that they would've won had they not lost their lottery ticket. They won it but couldn't get it, and it was even more damaging and proved devastating for the couple.
Why do so many lottery winners end up losing their money?
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Can you give examples of big lottery winners who lost it all?
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
What's one piece of advice for new lottery winners to keep their winnings?
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Do you think winning the lottery is a curse or a blessing?
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Have you heard about any lottery winners who managed their money well?
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Ask
Better credit starts with better data. Credit AI shows you actionable steps to boost your score—backed by artificial intelligence.
5. Sharon Tirabassi
Sharon Tirabassi is also among the lottery winners who blew it all. She cashed a check from the Ontario Lottery & Gaming Corp for $10,569.00 in 2004 and spent her winnings on fancy cars, designer clothes, exotic trips, lavish parties, loans to friends, and a big house. It took her less than a decade to lose it all and go back to working part-time, riding the bus, and living in a rented house.
Why do so many lottery winners end up losing their money?
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Can you give examples of big lottery winners who lost it all?
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
What's one piece of advice for new lottery winners to keep their winnings?
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Do you think winning the lottery is a curse or a blessing?
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Have you heard about any lottery winners who managed their money well?
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Ask
Gallery Spotlight
Save and share the images that inspire you. Tag @allwomenstalk to get featured.
Save
6. Ken Proxmire
This not-so-upbeat tale is of a machinist named Ken Proxmire who won $1million in the Michigan lottery. The winner decided to make it large and relocated to California. He started a car business, and things were never the same. It took him five years to lose it all and file for bankruptcy. Well, his life's simple now with no big talks of riding in limos or owning a helicopter. He's back to his old life and is a machinist again.
Why do so many lottery winners end up losing their money?
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Can you give examples of big lottery winners who lost it all?
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
What's one piece of advice for new lottery winners to keep their winnings?
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Do you think winning the lottery is a curse or a blessing?
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Have you heard about any lottery winners who managed their money well?
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Ask
7. Janite Lee
The year 1993 was quite special for Missourian Janite Lee because it changed her life completely, but the pleasant change lasted for eight short years only. She won $18 million on the lottery, but her urge to splurge took over. She was also a bit too generous to a number of causes, giving to education, politics, and the community. She ended up with $700 in her two bank accounts after just eight years. She filed for bankruptcy when had no cash on hand.
Why do so many lottery winners end up losing their money?
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Can you give examples of big lottery winners who lost it all?
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
What's one piece of advice for new lottery winners to keep their winnings?
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Do you think winning the lottery is a curse or a blessing?
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Have you heard about any lottery winners who managed their money well?
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Ask
8. Evelyn Adams
The odds of winning a lottery are astronomical, but somehow, Adams managed to beat those odds twice. She hit the jackpot in 1985 and then again in 1986 netting a total sum of $5.4 million. It seems where there is so much money, there's gambling. She gambled it away and is broke today with only a trailer that she calls home.
Why do so many lottery winners end up losing their money?
It's often because they aren't used to managing such large sums. Imagine suddenly having millions when you've never had to budget that much before! Many make poor decisions or get swayed by bad advice.
Can you give examples of big lottery winners who lost it all?
Sure thing! Suzanne Mullins, Janite Lee, and Sharon Tirabassi are just a few. They all had different stories, but a common theme is overspending, bad investments, or poor financial advice.
What's one piece of advice for new lottery winners to keep their winnings?
I'd say, take your time! Don't rush into any big purchases or decisions. Get a trustworthy financial advisor and create a solid plan before spending.
Do you think winning the lottery is a curse or a blessing?
Honestly, it can be both. It's a blessing if the winner is smart about it, but it can feel like a curse if they're not prepared for sudden wealth and the pressure that comes with it.
Have you heard about any lottery winners who managed their money well?
Yes, there are definitely success stories out there! They usually involve winners who take it slow, stick to a budget, and focus on long-term financial health rather than quick thrills.
Ask
9. Michael Carroll
After hitting the $15 million jackpot in 2002, Carroll, an ex-garbage man, couldn't keep it all under control. He lost all his winnings to parties, cocaine, cars, and hookers. He was back to naught in five years.
What would you do if you won the lottery?
Feedback Junction
Where Thoughts and Opinions Converge
I say live like you were before winning paying your bills first. Then up grade things slightly bc expensive cars and houses require expensive upkeep. Don't tell family and friends if you can help it. Anf contine to work only if it's part time. And invest but find a reputable financial advisor and investor.
If I won a lottery, I would spend it on not only for my further education, but for my families and those less fortunate. Because education is knowledge that can never be taken Away from you
The guy who owned my house before me won $24 million in the lottery. I'm hoping the house is lucky and I can win!
I agree with Apple and Beryl. I know I love to spend, so I'd hire a financial advisor and get serious.
I would pay off my home , my mom home , pay for college for my daughter, buy a beach home in Key West Fla.
These people are nuts! I would buy a home far away on a little island and relax . Of course take care of my family and kids and the charity would be for animals. I would give the animal charity enough money to stop playing those sad abused animal commercials on tv that make me cry everytime! .
Allow a reasonable amount for celebration then tie it up in investments that just give a monthly income so it lasts for years and our retirement is comfy.
Invest and open a restaurant.
I am 100% with Apple! That's exactly what I would do. Money is not evil, is what you do with the money.
I so agree with Apple! I'd do the same...not tell anyone, payoff my student loans, invest, build a ranch style home, donate to my fave charity and take a vacay. I love my current job, I'd continue to work.
Show 12 Comments
Comments
Close panel
Load all comments
apple:I say live like you were before winning paying your bills first. Then up grade things slightly bc expensive cars and houses require expensive upkeep. Don't tell family and friends if you can help it. Anf contine to work only if it's part time. And invest but find a reputable financial advisor and investor.
amydh:If I won a lottery, I would spend it on not only for my further education, but for my families and those less fortunate. Because education is knowledge that can never be taken Away from you
Michelle70501:The guy who owned my house before me won $24 million in the lottery. I'm hoping the house is lucky and I can win!
Snowlion:I agree with Apple and Beryl. I know I love to spend, so I'd hire a financial advisor and get serious.
shannon:I would pay off my home , my mom home , pay for college for my daughter, buy a beach home in Key West Fla.
Misty:These people are nuts! I would buy a home far away on a little island and relax . Of course take care of my family and kids and the charity would be for animals. I would give the animal charity enough money to stop playing those sad abused animal commercials on tv that make me cry everytime! .
Beryl:Allow a reasonable amount for celebration then tie it up in investments that just give a monthly income so it lasts for years and our retirement is comfy.
MJ:Invest and open a restaurant.
Yvette:I am 100% with Apple! That's exactly what I would do. Money is not evil, is what you do with the money.
Im_Maat:I so agree with Apple! I'd do the same...not tell anyone, payoff my student loans, invest, build a ranch style home, donate to my fave charity and take a vacay. I love my current job, I'd continue to work.
:
EST 2005
Evolve. Empower. Elevate.
Creators on the platform
3,000+
Total social reach
12M+
Features published
100K+
New Earn badges & level up while you read
Create your profile. Earn badges. Level up your reading.
Join Allwomenstalk to track your streaks, collect badges, and earn XP for the things you already do—reading, sharing, and taking quizzes.
🔥
Daily streaks with gentle boosts for 3, 7, and 30 days.
🏅
Collect badges like Reader I–III, Socialite, and Quiz Ace.
⚡️
Earn XP for reads, deep reads, likes, comments, and shares.
Feedback Junction
Where Thoughts and Opinions Converge