I always dreamed that one day I would win the lottery. Millions of dollars in a cash prize just falling into my lap. All of my worries would wash away by cashing in that ticket.
No more bills. Fill my days with epic bike rides and great skiing while my nights would be filled with good food, wine, and great friends & family.
Of course I would be smart with my new found cash. I would not become one of those cautionary tales. Seek out a tax attorney, invest conservatively so I could live off the interest for the rest of my days. I’m sure that is what they all say.
Like that famous athlete who signs that big multi-year contract. They get to do what they love for millions of dollars. Their dedication and hard work paid in one lump sum. That is the dream. And don’t we all want to be living he dream?
Then why does that famous athlete loose all his money in bad investments and child support payments? And why do so many lottery winners end up filing for bankruptcy a few years after striking it rich?
I’ll remind you of two sayings.
Thomas Tusser once said, “A fool and his money are soon parted.” That will not be me. I will do it differently. Most people never consider themselves to be fools.
P.T. Barnum said, “There’s a sucker born every minute.” So we are all destined to be fools.
Even if luck graces us once, that is no guarantee it is here to stay. Fickle fate. What if you could create your own luck?