Canadian Chat → Re: How to blow your lottery winnings

" Ancaster neighbours hated that Cadillac. Equipped with interior turntables and sound mixers, it blared hip hop in the driveway that shook their quiet suburban street.

Tirabassi didn’t like her neighbours. “They didn’t like young people,” she says.
"

Whatever your age, race, or occupation, blaring hip-hop from your drive-way at "shaking" volume from an escalade is not going to endear you to your suburban neighbours. But it was already evident that this person's clue meter is broken.

This is indeed the silly type of stories that sell papers. Statistically windfall winners of lotteries or surprise inheritances don't manage it well. But frankly, it's probably as stupid to assume that they would.

There's nothing you can do, or should do, about it, in my opinion. This will continue to happen and papers like the Star will continue to write their inane stories of woe.

People who never had any real money and never earned or learned to manage money just don't do well when they get a windfall. Do you know who does do well? Upper middle class people that earned a good living; saved a good deal of that money and lived within their means. In the US, older winners( in their 50s & 60s ) do well. They splurge just a little; set up trusts for family members; pay off any bills; and then pretty much go back to their regular life. Maybe in a slightly nicer ñeighborhood.