Wednesday, September 9, 2009

Lottery Winners and Sound Financial Advice

Ok, I admit I have been known to play the lottery on occasion. I don't think I ever really expect to win but it's a nice distraction to dream about what you might do with that kind of money. After reading this article, I'm not so sure I would like to win.

This article discusses the real life difficulties that some Americans have had after winning the big one. One cultural point to understand about the article is that in many states in the US, lottery winnings are paid out on an annual basis rather than a lump sum. Consequently, a $1,000,000 lottery win is actually a promise to be paid $50,000 per year over 20 years.


You can find the article here:
http://articles.moneycentral.msn.com/SavingandDebt/SaveMoney/8lotteryWinnersWhoLostTheirMillions.aspx

The discussion activity is here:

8 Lottery Winners                                                                                                                        

Enjoy the lesson!

Cheers,
Maurice
www.voiceone.fi

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