Sunday, 30 August 2009

Lotto millionaire myths


Yet another lottery winner talks of losing money in a newspaper story. This particular winner still managed to keep a large portion and is still a millionaire. He gave away money to friends and family, yet they hated him for it.

It just annoys me so much when I hear some lottery winners saying "I wish I had never won". All of that money is such a wonderful thing, and I know I would never think, or say, such a terrible thing about money. I have respect for riches.

There are many myths and old wives tales told about rich people, in order to make people feel more comfortable about not being rich, and to justify not even trying to seek wealth. These negative fantasy stories hold people back from achieving financial freedom.

They say rich people are all drug addicts. Some rich people do turn to drugs, but far more poor people turn to drugs. Go to a drug rehabilitation centre, or talk to social institutions or the police, and they will confirm that poor people are the ones that take drugs the most. Ironically, they do it to escape their poverty stricken lifestyles. Much crime is fuelled by poverty.

There is a myth that rich people are unhappy. Far more poor people are unhappy. Do you think its fun to receive government handouts and know that you are not achieving your full potential? Is it good to have debts mounting up, while you live hand to mouth? Is it nice to work in a low paid job and have to suffer petty workplace politics, and still live in fear of your boss firing you? Give me wealth any day. Money definitely makes me happy. Many other things also make me happy, but I will never discount the elation created by money.

Supposedly rich people have a high rate of divorce. There are far more poor people than rich people, so the amount of divorce will therefore be much higher for poor people.

"Rich people fall out with their friends". This also happens to poor people, so it's no big deal. It just shows how petty and resentful many people are, in general.

The fact is that the vast majority of people who win the lottery do very well. Only a few hit the tarmac, and the media sensationalises those stories out of proportion to the facts. The alternative to wealth is poverty, and anyone who has a large disrespect for money soon finds that "money is a good servant, and a bad master".

Money is all in the mind. There is the "poverty mentality" which causes people to seek poverty, no matter how much they have. Then, there is the "prosperity mentality", sometimes known as "the millionaire mind", which always keeps a persons finances high. Many people will look at the stories of failed lotto millionaires and conclude that wealth is not worth having. I will look for the successful lotto winner stories, and even in the bad stories I will examine them and think of how I would do it differently. I will play the lottery this week, because next time, it really could be me.

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Straight from the horses mouth