WINNING LOTTO CAN MAKE YOU HAPPY!
Recently you quoted research showing that lottery winners can end up no happier three years after their win. I just want to say that it is not always like that. Fourteen years ago, my parents (aged 70 at the time) won $10.55 million in a lottery. They paid off their farm (which was about to be foreclosed on by the bank), paid off their five children’s mortgages ($300,000 each), gave $45,000 to each to their 14 grandchildren, and spent the remainder on childcare freeholds. Fast forward 14 years and the only sad thing is that Dad passed away two years ago — after a brilliant 70 years and an even more brilliant final 12 years after the lottery win. My brother now runs the farm, and the rest of us still reap the rewards of the childcare freeholds. We are all as happy as can be!
As the lotto ad says, “Wouldn’t it be nice?” I’m afraid the overwhelming majority of people who gamble are losers (even the winners). I’ve always agreed with writer Ambrose Bierce, who said that the lottery is a “tax on people who are bad at math”. Still, hats off to your parents. They beat the odds twice: they won the lotto, and they didn’t screw up their lives!