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A million or two just isn't what it used to be. Depending on age and a few other factors it may not even be enough to instantly retire on. If you're really smart, and make smart choices then maybe but lord knows I could blow through it pretty damn quick if I wanted to.

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No surprise. A lot people that won the lottery had gone thru the same thing. The curse of the lottery  lives on.

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Point is with a million dollars it is much easier to maintain a nice middle class lifestyle and not need to work much other then being on top of investing your money in the best return investments.

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Why can't someone like me win a million after taxes? I would drop it all into index funds, added to what I have invested now and retire for sure. I could easily retire on 1m and not have to change my life much if at all.

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I only play when the jackpot gets ridiculously high, knowing that I'm basically throwing away $2 on a bit of daydreaming and maybe some water-cooler conversation.

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Because people who are good with money don't play the lottery.

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A million or two just isn't what it used to be. Depending on age and a few other factors it may not even be enough to instantly retire on. If you're really smart, and make smart choices then maybe but lord knows I could blow through it pretty damn quick if I wanted to.

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What the fuck is it with guys like this and swords? That crackhead in Florida who blew through 27 million dollars in 12 years spent over a million dollars on the damn things.

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AT&T yields 7% dividends. Why not put it into a vanguard index/bond fund mix?

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A sad ending out of Michigan to a story that should've had a happier one. MLive.com reports that a body was found last Saturday floating in the Tittabawassee River, near Northwood University in Midland. Police have now IDed the body as 69-year-old Leroy Fick, an Auburn resident who won a $2 million jackpot 11 years ago on the Michigan Lottery's Make Me Rich! TV game show.

Authorities haven't disclosed the cause of death, but they say it doesn't appear Fick's death is suspicious. After his June 2010 win, Fick took home about $1 million after taxes, but what happened next now serves as a "cautionary tale" to other lottery winners, notes Play Michigan. ClickOnDetroit.com notes that Fick, who ended up on TLC's Lottery Changed My Life program, dumped about $200,000 into the construction of a new home, as well as $200,000 into annuities.

More money was spent on investments, as well as such items as a new Chevy Camaro, swords, slot machines, and a "significant amount of fireworks," per MLive.com. Just two years after he'd won, Fick was broke.

It emerged that he and another lottery winner had been collecting government assistance despite their wins, prompting state lawmakers to change the criteria on who can apply for food aid. Fick also struggled with legal troubles, with a 45-day jail stint in 2012 for a drug conviction, followed by another prison sentence later that year for convictions of larceny of a firearm and felon in possession of a firearm. "The whole thing just blew up in my face," Fick told the judge in the latter case at the time. "I thought people would love me if I helped them out some. I had the wrong idea, I guess. They all turned on me and that was it." The Midland Police Department is asking anyone with information on Fick's death to call 989-839-4719.

https://www.newser.com/story/307292/he-hit-it-big-in-the-lottery-then-blew-it-all-now-a-tragic-end.html

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Assuming that you are not already 75 years old, a million dollar fund isn’t shit to live off of for the rest of your life.