Wow!😮 just heard a fantastic monetary statement..

OldOld said:
It's too bad what happened to your brother in law.
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It wasn't all bad. He had failed as a businessman several times before and had moved to Queensland to start a new business but that too had failed. He was renting and when he won the Lotto money he was able to buy a house, a new car and a second hand one for my sister. He bought his two daughters brand new cars and still had most of it left. He bought a mate a new ride on lawn mower and went in with a builder investing in a couple of new homes that they were going to sell. They didn't sell, so he went back to driving buses.

It was the classic case of easy come, easy go.
 

Jace said:
on the news..
There are 70,000 new millionaires
due to crypto currency.

Do you 'do' crypto currency?😉
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This is a zero sum, game...
so for every amount won their was an equal amount lost
 

StarSong said:
But he still ended up with a house, two cars, and two cars for his daughters, @Warrigal? At least that's something...
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That's true and he also took a couple of overseas trips before the money ran out. I was very pleased that my sister finally had a home of her own.

However, Hubby and I did all of the above, except shower gifts on mates, just by putting money aside in a savings account. We tried investments but after we found out about our investment manager advising us to switch from one fund to another because they paid him a higher annual cut and did not pay anything to us over multiple years, we decided that we would put money into savings and superannuation to live on after retirement.

I have long been very superstitious about buying lottery tickets. Our opera house in Sydney was paid for from revenue collected by the state government in the form of a specially dedicated lottery. The names of the winners of the first giant Opera House Lottery were published in the newspapers with much fanfare. They were a middle class couple with a small boy who was snatched off the street on his way to school and held for ransom. The poor lad died in the hot boot of the kidnappers' car. I looked at my own young children and decided that I never wanted to win big by gambling and have never since purchased even one ticket in Lotto or any lottery.

Hubby and I passed through Las Vegas in 1982 and we visited a couple of casinos just to see a show and to have breakfast there before we drove on. Interesting experience, but not at all enticing. Working and saving has given us all that we could desire from life.
 
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