It's so hard to win with such odds in Romania...
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Ken Proxmire, winnings: $1 million (£787k)
In 1977, Ken Proxmire was the lucky recipient of the $1 million (£787k) Michigan State Lottery jackpot, and he opted to receive his windfall in annual instalments of $50,000 (£39k) for the next 14 years. Proxmire jumped in at the deep end of the millionaire’s lifestyle and treated himself and his family to a house in California, a new car, and his own pool parlour.
But the businessman expanded his new venture too quickly and, fuelled by lavish spending and mounting debt, it was the catalyst to his high life collapsing into bankruptcy. Proxmire’s advice for future lottery winners? “Crawl into a hole and pull the top in”, according to an interview with The New York Times.
lovemoney staff
08 January 2025
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I realized I had spelled frugal incorrect and by mistake pressed enter, so to continue..... If anyone is fortunate enough to win or earn a large amount of money and finishes up blowing the lot, leaving them skint in their old age and needing care, the state will pick up the bill. Anyone who has been frugal, saving, and investing, for a rainy day, is expected to fund their own care.
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If anyone is fortunate enough to win or earn a large amount of money and finishes up blowing the lot leaving them skint in their old age and needing care the state will pick up the bill. Anyone who has been frugle saving
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28 June 2024