Lottery Winners: National Endowment For Financial Education Points

Lottery Winners Dept: The National Endowment for Financial Education points to research that estimates 70 per cent of people who unexpectedly come into large sums of money will lose it within seven years, according to CTV. Haselton advises lottery winners to immediately spend some time in a decision-free zone to think about what they d like to achieve with their winnings and As details emerge about America's newest millionaire, a 44-year-old immigrant from the Dominican Republic who won an astounding $338 million Powerball lottery jackpot, financial experts warn that a few missteps can take lottery winners from rags to riches, and back to rags again, in no time. Many people have unrealistic expectations about what they can do with their money, Judy Haselton, a financial advisor with the Sudden Money Institute, told Canada AM on Tuesday. People believe that money will solve all their problems, but in fact it doesnt address all of them. (www.immigrantscanada.com). As reported in the news.