The Curse of the Lottery? Or The Windfall Effect

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Ever heard of the Lottery Curse or Windfall Effect? It’s the alleged phenomenon that occurs to many people when they win the lottery. Stories abound of bizarre tragedies, families torn apart, and everything in between, all because someone suddenly came into a large sum of money.

I doubt there’s any such “curse.” More likely, it boils down to the fact that someone with no real vision got handed a fistful of cash. Did people expect these individuals (whose retirement plans up to that point consisted of buying lottery tickets) to donate to charity and then invest the rest wisely? Not gonna happen.

When it comes down to it, no matter how you came to acquire the wealth that you have, you have to have a vision for its future. By vision, I mean the desire, purpose, or dreams of your children. They might want to start a business, begin a nonprofit organization, or change the world in some way instead of merely becoming part of the labor force.

Could there be an “Inheritance Curse?” Without a vision—maybe. After all, infusing the visionary children with a million dollars is different from doing the same thing with those who lack purpose or intention. It all goes back to that burning question:

How much is enough for your heirs?

Is that the amount you would like them to receive?

Right now is time to answer these questions. Determine your vision today so that you can pass that vision on to your heirs along with their inheritance. Wealth is more than money. Don’t just plan for your future, live it right now. Pass it on and share the insights like this that you find valuable.

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QUOTE

“My wife said to me: ‘If you won the lottery, would you still love me?’ I said: ‘Of course I would. I’d miss you, but I’d still love you.’”

-Frank Carson

 

Spotlight
Based on and adapted from top-rated book,
The Secret of Wealth With No Regrets by Barry H Spencer.
Rich DeVos, Co-Founder of Amway, on Forbes-500 List, Owner of NBA Orlando Magic says: “Too few wealthy people ask the bigger questions… I can highly recommend Barry Spencer’s book.”
Contact
Barry H Spencer
Wealth With No Regrets®
12600 Deerfield Parkway, Suite 150
Alpharetta, GA 30004
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