I have seen what sudden unearned big money has does to people. It saps them of their drive, turns them inward, makes them more pleasure-seeking, makes them more materialistic, and insulates them from the needy. There are countless stories of lottery winners' lives being ruined: divorce, affairs, lavish and immoral living, drug dependency, gluttony, jealousy, and often poverty in the end.
I don't think money is going to make someone take up a drug habit. Hell, I've got plenty of money and I can't remember the last time I smoked a joint. Divorce? Yeah, the current rate of divorce in this country is such that big money doesn't really play a big role. Affairs? Those, also, routinely happen among people who aren't well off. Immoral living? That depends entirely on your morals, doesn't it? Jealousy? That's someone else's problem, not mine...
Here's the classic story of West Virginia's Jack Whittaker who won $300 million in 2002. He said numerous times he wishes he'd torn the winning ticket up.
Andrew “Jack” Whittaker Jr., whose life became rife with setbacks and tragedy after winning a record $315 million Powerball jackpot in 2002, has died
abcnews.go.com
Anecdotal.
I know a guy who won $3 million in the California lottery back in the mid-90's. The guy's net worth is now into nine figures...
Everyone reading this thinks "Oh, I would be sensible.
A person's definition of sensible certainly changes proportionally with their checking account balance...
I would buy a few things I need, but not change my lifestyle much."
Yeah, I laugh at people who say that.
I like to say that, yeah, that kind of money would definitely change me. The first thing it's gonna' change is the length of my driveway...
But trust me, you do. People think they will be able to handle a billion dollars. Very few can. The only proper way to handle it is to give it away, but how many want to do that? There is a reason the bible says the rich man has little chance of reaching Heaven. The essence of gaining grace is self-denial and prayer. But many people pray only when they need something. And if they have big money, they don't feel they need God anymore, and they're certainly not in the mood for self denial or penance. No, they're going to live it up.
Jesus answered, “If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.” When the young man heard this, he went away sad, because he had great wealth. Then Jesus said to his disciples, “Truly I tell you, it is hard for someone who is rich to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” - Matthew 19:21-24
This is, of course, only pertinent to those who believe what's preached in the Bible...
But even giving a fortune away is fraught with difficulty. It really comes down to whose lives you want to ruin if you give them a big pile of cash. And it's the same with government, charities, even churches. Even those who start out with great intentions can be corrupted, humans being fallible like they are. Big piles of money corrupt. Period. I suppose the best way is to spread modest amounts to many different individuals and worthwhile groups.
Me? I'm going to buy a single $2 ticket. Odds of winning are one in 320 million, about the population of the US. If i win, I will make it my new career to search out worthwhile situations where a little money could help. But more so, I would consider it my obligation to dispose of it carefully without ruining anyone. I would NOT leave a great amount to my children or anyone else. I want them to make it to Heaven.
When I die, my daughter's going to be rich. Between investments, my two companies and life insurance policies, she won't have to work at all.
But I know she will. She's the most level-headed person I've ever met. She's already successful in her own right, and she's always telling me not to worry about her, and that I should just spend my money as I see fit.
Well, I already do that. When I have a need, I fill it. If I simply want something, I'll buy it. That's why I've worked as hard as I have for as long as I have. I already make charitable contributions to both local and national charities.
Having a billion dollars would be nice, and I don;t think it's the horrible thing you're making it out to be...