Powerball Anyone?

[kwando]

if someone wins, please pay off my mortgage...

[Ashton]

I think I'll buy a few. Just to buy a few.

[Rucker61]

Wait.. there can't be 2 winners.. So no, you cannot be the winner, Sniper

Actually, there can be.

[Zundfolge]

The flaw in what Newracer posted is that it doesn't take into account what kind of people tend to win lotteries (it's not a straight cross-section of society ... which is a common problem with using narrow statistical information to make a statement about society at large).

Most people that win lotteries are people that play them regularly.
Most people that play the lottery regularly are people that have other bad financial habits and generally aren't smart with their money.

So they weren't screwed because they won the lottery, they were screwed because they were idiots that happened to win the lottery.

So if you're not an idiot and you win the lottery, most of those statistics won't apply to you.

[Ashton]

Does anyone know when the next drawing is?

[Ronin13]

I've read the advice NewRacer posted before, and that is very good advice. I never play lotto, but if I did, and I happened to win, I would follow that advice pretty closely... of course my firearms collection would grow by about 900% after the first month after winning.

[BigBear]

Pay of all debt in rolls of pennies. After that, then I follow that printed advice.... HAHAHAHAHA

[ChunkyMonkey]

Actually, there can be.

Yes, but I have seen through my crystal ball. It's fact, there will be 1 winner.. and he is chunky primate. Not telling who - I ll let you all be surprise then.

[ChunkyMonkey]

if someone wins, please pay off my mortgage...

Gosh, paid off mortgage will be so nice. I got $29k to go... seems like still forever!!!

[newracer]

The flaw in what Newracer posted is that it doesn't take into account what kind of people tend to win lotteries (it's not a straight cross-section of society ... which is a common problem with using narrow statistical information to make a statement about society at large).

Most people that win lotteries are people that play them regularly.
Most people that play the lottery regularly are people that have other bad financial habits and generally aren't smart with their money.

So they weren't screwed because they won the lottery, they were screwed because they were idiots that happened to win the lottery.

So if you're not an idiot and you win the lottery, most of those statistics won't apply to you.

What I posted states exactly that.

You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money. Or perhaps money is the root of all evil. Either way, you are going to have to be careful.

I don't see a flaw in what I posted, it is sound advice.