When you put your money into a bank, you just assume your money is safe. The no risk investments are very high risk and the bank should be fully responsible for losing his money because they lied to him. No risk investments are exactly that, no risk in losing your money. Interest rates are low but the money is safe.
@@snafubare - I would at least check the ground to make sure it wasn't disturbed. But when you have money in the bank, you just assume it's all good. Honestly I haven't checked my stocks in years. Last time was at least 5 - 7 years ago.
That poor Fransisco. None of that was his fault. He trusted the bank and did the right thing by putting it away for a rainy day. It's terribly unfair to have him on this list.
@@joelals1351 Government treasuries and/or trusts. Bonds. CDs. Commodities that hold intrinsic value such as gold. Blue-chip stocks like Coke or Berkshire Hathaway. Or split some winnings among multiple banks so that if one screws you, it doesn't screw the whole lot. Let me be clear in that he didn't deserve the fate he got, because he actually made a financially sound move and the institution he trusted failed to do what they were supposed to. I'm just listing alternatives that could've helped him salvage most of his funds.
I don't understand why bother, investing about the things you don't have a knowledge and experience. If you win lottery just stay the way you are before winning.
@@eranacarolbyrne6469 , thank you, banks are supposed to be experts with money, instead they lose people's money, they deserved to be sued for double that amount
People are nuts. If I won I'd stay small, modest and humble. The rich feeling would come from peace of mind knowing I had money. I don't want nothing but peace of mind and quiet with modest comforts. Having a kittie would be enugh.
Number 6 sounds about right. I live in Spain. I had my bank card hacked and lost over €2000. The bank refused to pay because they said I had not reported the loss within 48 hrs. They of course did not inform me that there was any unusual activity on my card so it was actually 3 days before I realised my card was hacked. Even when I reported the hacking I was fobbed off and told to go to the police and come back a week later where I discovered the bank teller had not reported the hacking. You can’t win with Spanish companies.
I barely have anything in my account and I check every single day. Lesson learned? Trust NO ONE with YOUR Money ever! Keep an eye on your money AND credit card balances on a daily basis. But that's just me
A friend of mine inherited a large sum of money and no longer needed food stamp. He went to the office to ask them to take him off, but since he didn't make over their set amount, he still qualified. He had almost half a million and a few stocks that paid him a few hundred a year, but that was his only income, so he qualified for food stamps. He still lives where he lived before, and his neighbors need helps, so he buys them food.
10:29 You was supposed to say the bank name so that people know to not put money on this bank. The bank owners were supposed to go to jail for wasting people's money.
not if he gave them power of attorney to direct the investments. with a PA, assuming how its written, the bank is free to invest in pet rocks if they wish. and he takes the risk.
Starting a bank! They steal your money to invest and make money off of it and give you nothing for it! Years ago you’d get a 3 or 4 percent in interest for it but no more! I say rob all the banks because they’re all crooks! 😂
this story was so easy to discredit... all they had to do is ask where and when she bought the winning ticket, and check the system. if she guessed the location, date, and time of day, then she deserves the money. obviously she wouldn't know where the person bought the ticket.
@@DaveDepilot-KFRG She did know it, it was on the news, and she had bought a ticket from the same store on the same day as the winning ticket. But yes, she would never get the money withouth the actual ticket. In my country you now how to register for all money gambling, so even if you loose your ticket you get your money. The only exception is scratching tickets.
It's so hard to trust people with your money 💰 investors, advisor's, friends and family. These videos are great to keep me in check if I were ever blessed. I'm making a list of things. Dodgers season tickets-oh yeah 👍😃
@@k4door789 Exactly! Invest in a Vagaurd ETF Index Fund. Had he done that, he would have doubled his money in a decade and not touch the principle amount he won.
Erin Moran who played Joanie in Happy Days died at 56 years old in a small trailer in rural Southern Indiana. I had such a crush on her as a teenager in the early 1980's. Go figure.
2 words >> Irrevocable Trust put a slab of that money into a protected IT... immune from lawsuits, bankruptcies, future divorce lawyers then play Scrooge McDuck with the rest.
where I live , the lottery commission make wait 2 weeks to get your money some of the jackpots had reached over 100 million dollars and during that time you get advise in how to invest or spend or keep your money , your name or photo will never be used for promotional purposes your identity is protected you don't pay TAX in the money you had won
I agree! But, unfortunately, I think it's the law for the media to publish your name and picture? Best thing to do is leave the country and live a simple normal life. :)
2:10 I think the jury was racist. The dude was illegal yes. But the boss hired an illegal immigrant and wanted to make profit over him is also illegal.
Same, lump sum, buy a reasonably priced house in a low tax area, no investments, and live off a budget. The only I'd "waste" money on is my dream car, 77-81 Trans Am
Thats what francisco guerrero did but still he lost everything.. the better option is build your own business work hard every day and become a successful entrepreneur like bill gates jack ma and walt disney!! Lottery is for lazy people want to have money but dont like to work hard and fail they are affraid and luck of confidence that why lottery is the answer
Lump sum rather than annuity because in the UK u get what you win, tax free with the option of staying anonymous. No one can touch your money in the UK like child support or Tax or anyone.
My friend won a few millions. He went and got a three hours table dance. Then he drank a few drinks then got another one hour table dance. He invested the rest and even richer than ever.
You can use a credit card Here in Canada. A Lady won a Lotto Max jack-pot, and then lost her ticket. The organisation Then Checked the Store's cameras to see Her buy the ticket, on a certain day and She got the money.
Number 6 is why I’ve chosen to never trust the stock markets. If it were me, I’d choose to invest in precious metals like gold and silver, real estate, and start up a few businesses. The bulk of the money would go into a high yield savings account. Never trust something as unpredictable as the stock market!
#17: I find it amazing that any state would allow anyone to purchase lottery tickets or scratch-offs with a credit card. I've used a debit card to do so, but that's another thing entirely. Sure they got the complete story straight?
Like the NFL DB said "You can't tell someone else how to spend a million dollars if you never had a million dollars." Which is true. I can't call someone dumb because they bought fast cars and a house, Its THEIR money that's what up supposed to do with it, spend it. (Or save it). Now you don't turn into a investor just because you came into money. Hell most people that never won always say what they would do with the money, easy to say "If I won 5 million I would..." you haven't so you can't really say. Nice video though.
My dad got over a mil in a settlement and gambled it all away, the only thing left was a 5 bedroom Victorian home that me and my brother kept cuz he couldn't afford the taxes
Stories like Francisco are exactly why I keep almost all my money out of banks and only use banks when i have to and i pretty much withdrawal all money from my acct as soon as money is deposited as banks have F*cked me at least 7 times in the past and i almost want to write what happened every time to keep it from happening to others...it ridiculous what happened to his money and a major reason why i don't like banks as i dont like my money being somewhere where it can be snatched at any time but that's just me..Keith and his 9 million pounds though I'm pretty sure isn't 17 million in us dollars...that's a nitpick though..Thanx for the video as always great
I'm taking personal finance management classes, cursussen. I will not give my money to some random adviser that sees me as a number or statistic. Trust yourself with it just don't try to live in a way you can't afford. Let's say you won 10 million. You can't afford to buy that nice porsche until you generate money with the money you've won.
The obvious lesson here is if you win the lottery, don't spend more than you won. The second lesson is if you win the lottery stay away from drugs and alcohol.
If I won the lottery I could never live fancy , I would make sure my kids had a nice modern home and decent car as well as myself. I would still shop thrift stores and garage sales. I would make sure my fridge was always full , I would not eat out every day or wine and dine everyone.
I've always said if you are going to play the lottery you need to do some DEEP thinking of how to proceed should you win and be very careful who you allow to surround you after the fact.
My Billionaire lottery plan: 1. Get a lawyer and prepare to disappear. Everyone from your past will be coming out of the woodwork. 2. Get a financial advisor. Every crook in the world will be coming out of the woodwork. 3. Get a vastectomy. Every hoe in the world will be coming out of the woodwork. lol
They need to teach how to be financially responsible in School. If I ever won, I would take the lump sum and not hire a financial advisor. It’s not that hard to figure out how to manage your funds.
They should also teach people how to cook and the value of nutrition starting in 7th grade since all we are are what we put through two systems allowing life. Our respiratory and digestive tracts are all we have going for us. Lump sum is way to go no fun otherwise. He should have bought stock in Apple and some others like microsoft ipo shares and later on ebay back then late 70's and 80's.
Agreed. Most I would pay for is an attorney to keep things anonymous, and maybe pay a fiduciary to review my plan, for obvious mistakes, but there's no chance I'd be paying someone to manage money.
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator ~~~----
#6: Always put a little money here and a little money there! Someone ripped off my dad’s investment but after his death we discovered he had - “a little money here and a little money there”!
I agree. If a bank CD is only insured for 100,000 then only place that amt at that bank. Use 20 banks if you have too. Most people lost their money to financial managers who invest in risky ventures for a large investor fee. They are only concerned about lining their own pockets.
As a senior I would choose lump sum, get a financial advisor, accountant, some in the bank, some in safety deposit, purchase air b n be, purchase house for grandson and son, and modest apartment, have a will, purchase medical insurance, last a new car.
These people completely ignored a basic rule of money. For money to be spent, there must be a flow of income first. Simple as that. But these people are like winning the goose that lays the golden eggs and the first thing they do is to have the goose for lunch.
Canadian lottery is tax free. And the gifts given out to friends and relatives are all so tax free. Between that and free Healthcare how do you like them apples Murica.
My advice is to simply invest in low fee index funds. Total market fund, bond fund, and an international fund. Then, live below the return on your investments. This advice also applies to regular folks. Invest 10% of your earnings, and you will have a comfortable retirement.
I feel really sorry for Francisco. The bank doing that to him is disgusting.
absolutely 100%, Erana Carol Byrne
Exactly they did him dirty. So my plan is to just buy stocks of coke and PG.
That Soth park episode was on point
Typical Spanish companies.
He might have just asked his mother to hold his money instead of trusting a bank…
Francisco, is the (ONE ) MY HEART GOES OUT TOO, HE REALLY TRIED TO DO THE RIGHT THING & GOT TOTALLY MESSED OVER..
Number 6 is just really sad. Trusting the bank with your money, not realizing what's going on and it's gone.
Sad but it's kinda his fault for not checking the monthly statements. Or hiring an account manager
When you put your money into a bank, you just assume your money is safe. The no risk investments are very high risk and the bank should be fully responsible for losing his money because they lied to him. No risk investments are exactly that, no risk in losing your money. Interest rates are low but the money is safe.
@@joblessbum7 I agree entirely but would you bury 5 million in a hole and then not check on it for ten years?
@@snafubare - I would at least check the ground to make sure it wasn't disturbed. But when you have money in the bank, you just assume it's all good. Honestly I haven't checked my stocks in years. Last time was at least 5 - 7 years ago.
@@joblessbum7 might be time 😂😂😂
That poor Fransisco.
None of that was his fault. He trusted the bank and did the right thing by putting it away for a rainy day.
It's terribly unfair to have him on this list.
Shows why you don't invest in a bank.
Never trust a bank
@@lar-zd9rs then where else would you put that money?
@@joelals1351 Government treasuries and/or trusts. Bonds. CDs. Commodities that hold intrinsic value such as gold. Blue-chip stocks like Coke or Berkshire Hathaway. Or split some winnings among multiple banks so that if one screws you, it doesn't screw the whole lot.
Let me be clear in that he didn't deserve the fate he got, because he actually made a financially sound move and the institution he trusted failed to do what they were supposed to. I'm just listing alternatives that could've helped him salvage most of his funds.
I don't understand why bother, investing about the things you don't have a knowledge and experience. If you win lottery just stay the way you are before winning.
the bank should be sued for double the amount of money
I agree with you.
@@eranacarolbyrne6469 , thank you, banks are supposed to be experts with money, instead they lose people's money, they deserved to be sued for double that amount
N Spain? Good luck
Number 6 wasn’t dumb. What happened to the savings account. The bank should be accountable
Money doesn't ruin your life ... the people who had the money ruined their life!!!
Wouldn’t ruin my life give me a chance universe to prove it 😂
@@MUFCSINCE90 You and me both honey!
Totally Agree lol
@@SimpleData3D Give me some millions, I'll show you that money doesn't ruin your life!
@@uxoriouslove5415 here come get it lol 😂
People are nuts. If I won I'd stay small, modest and humble. The rich feeling would come from peace of mind knowing I had money. I don't want nothing but peace of mind and quiet with modest comforts. Having a kittie would be enugh.
Number 6 sounds about right. I live in Spain. I had my bank card hacked and lost over €2000. The bank refused to pay because they said I had not reported the loss within 48 hrs. They of course did not inform me that there was any unusual activity on my card so it was actually 3 days before I realised my card was hacked. Even when I reported the hacking I was fobbed off and told to go to the police and come back a week later where I discovered the bank teller had not reported the hacking. You can’t win with Spanish companies.
I'm surprised there is no slow exodus from Spain with so many criminal enterprises like "banks"...
I barely have anything in my account and I check every single day. Lesson learned? Trust NO ONE with YOUR Money ever! Keep an eye on your money AND credit card balances on a daily basis. But that's just me
@@MrHeart1 I check my account every single week no matter what.
Francisco guerrero was done so dirty 😢
Banks are the worst ones
yeah. i'm not sure it's fair to call him one of the dumbest lottery winners to boot.
A friend of mine inherited a large sum of money and no longer needed food stamp. He went to the office to ask them to take him off, but since he didn't make over their set amount, he still qualified. He had almost half a million and a few stocks that paid him a few hundred a year, but that was his only income, so he qualified for food stamps. He still lives where he lived before, and his neighbors need helps, so he buys them food.
A fine person your friend !
When he stops helping his needy neighbors they will turn on him wait and see
Despite the negative outcome of others , I’m still encouraged to keep playing here in America 💰😎
money, so they say, is the root of all evil today
but if you ask for a rise its no surprise theyre giving none away.
Your lucky day is yet to come, so it is said let it be done.Good luck.
They say you have the same chance of winning the lottery as you do finding a dime in a giant sports arena blindfolded in ten seconds.
That boss who took the money will get his karma.
10:29 You was supposed to say the bank name so that people know to not put money on this bank. The bank owners were supposed to go to jail for wasting people's money.
Someone claims it was Santander but I'm not sure...
@@largol33t1what if the bank went out of business
The bank she would be held liable for paying him back every penny.
not if he gave them power of attorney to direct the investments. with a PA,
assuming how its written, the bank is free to invest in pet rocks if they wish.
and he takes the risk.
That bank needs to be sued
The question is sometimes posed, "Which is the bigger crime; to rob a bank, or to start a bank?"
Starting a bank! They steal your money to invest and make money off of it and give you nothing for it! Years ago you’d get a 3 or 4 percent in interest for it but no more! I say rob all the banks because they’re all crooks! 😂
I think to start a bank????😎😎😎😎😎
@@stifbabu1557 agreed.
I can't believe how the fricken bank got away with that
Fun fact: Bankers are some of the biggest criminals on the planet.
You really believe everything you hear, champ? 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
someone that worked at the bank made investments in "their" company, embezzled the money, then closed the business. money gone.
He was a brown person; they probably divided up his money from day one! Just threw him shade because of his race…😮
@Hi & Lo, he could've been checking on his "investments."
#13 They would never pay anyway without the actual winning ticket. Did she think they were going to pay her based on her story of losing the ticket?
this story was so easy to discredit... all they had to do is ask where and when she bought the winning ticket, and check the system. if she guessed the location, date, and time of day, then she deserves the money. obviously she wouldn't know where the person bought the ticket.
@@DaveDepilot-KFRG She did know it, it was on the news, and she had bought a ticket from the same store on the same day as the winning ticket. But yes, she would never get the money withouth the actual ticket. In my country you now how to register for all money gambling, so even if you loose your ticket you get your money. The only exception is scratching tickets.
It's so hard to trust people with your money 💰 investors, advisor's, friends and family. These videos are great to keep me in check if I were ever blessed. I'm making a list of things. Dodgers season tickets-oh yeah 👍😃
That bank should have to repay him every cent of his money 😠🤔
Love these lottery videos
It has to be more to this story involving that bank. It had to be some shady stuff going on.
That's what happens when you trust banksters.
I agree. These banks can't be trusted.
Gov are the worst ones
Never let some one else invest your money
@@k4door789 Exactly! Invest in a Vagaurd ETF Index Fund. Had he done that, he would have doubled his money in a decade and not touch the principle amount he won.
The bank that cheated Francisco would either pay back the money in currency or flesh.
My biggest take away from this video is that if I ever win the lottery I'm doomed to eventually live in a mobile home trailer.
LOL
That's not my take away!!!
Erin Moran who played Joanie in Happy Days died at 56 years old in a small trailer in rural Southern Indiana. I had such a crush on her as a teenager in the early 1980's. Go figure.
ETF's and divadend stocks my friend.
@@flamingdeathbanana Physical Silver and Gold that YOU hold, is the ONLY safe way without 3rd. part risk...
#6 shouldn’t really be in this list. Boy got robbed.
I'm going to win multiple lottery jackpots.
Sure you are
Both of us Gregory.
Will never happen
Can we be friends
Then you wake up and are still broke.
2 words >> Irrevocable Trust
put a slab of that money into a protected IT... immune from lawsuits, bankruptcies, future divorce lawyers
then play Scrooge McDuck with the rest.
Never trust the bank!
where I live , the lottery commission make wait 2 weeks to get your money some of the jackpots had reached over 100 million dollars and during that time you get advise in how to invest or spend or keep your money , your name or photo will never be used for promotional purposes your identity is protected you don't pay TAX in the money you had won
If I hit the lottery I wouldn't tell no one , just live simple and normal ....
just like No.6 did and look how that turned out.
I agree! But, unfortunately, I think it's the law for the media to publish your name and picture? Best thing to do is leave the country and live a simple normal life. :)
Facts
Then what's the point of playing the lotto
@@boxer6796 Most states offer an option to collect anonymously.
2:10 I think the jury was racist. The dude was illegal yes. But the boss hired an illegal immigrant and wanted to make profit over him is also illegal.
Thank you for this information so helpful
I would take the lump sum payment since I'm older now. Not all lottery winners have to go broke! 🙂😁
True lol
Same, lump sum, buy a reasonably priced house in a low tax area, no investments, and live off a budget. The only I'd "waste" money on is my dream car, 77-81 Trans Am
lump sum, please. 🤑🙋♂invest it wisely and enjoy it with humility🥂😁✌😎
@@2006hulkrules 77-81 Trans Am😍🙋♂good investment too😏🍻😁✌😎
Some people are so thick
If u win the lotto
Don’t spend a penny.
Invest and live off the returns
That way your money lasts forever
Thats what francisco guerrero did but still he lost everything.. the better option is build your own business work hard every day and become a successful entrepreneur like bill gates jack ma and walt disney!! Lottery is for lazy people want to have money but dont like to work hard and fail they are affraid and luck of confidence that why lottery is the answer
Yes but invest in multiple places don't put your eggs in one basket as they say
@@gricosandrinotereno2960 that's a bit much. Many people play the lottery for fun and not as a source of income.
Its easy to say but.. you cant kept the money and wealth if its not from your sweat tears and blood..
Those investments will crash.
If you want to be rich or at least have some savings don't buy junk, don't have kids and stay single. Life is simple don't complicate it
This narrator is so funny and serious at same time. I just subscribed! 😁
Please god if I ever win I promise I won’t blow it and do dumb stuff
I wonder if all 382,000 people who watched this are going to win the lottery.
Lump sum rather than annuity because in the UK u get what you win, tax free with the option of staying anonymous. No one can touch your money in the UK like child support or Tax or anyone.
I wouldn’t call #6 one of the dumbest. He did the absolute right thing and the bank bent the poor bastard over with no grease.
True.
My friend won a few millions. He went and got a three hours table dance. Then he drank a few drinks then got another one hour table dance. He invested the rest and even richer than ever.
Sounds like something I would do
My friend won $100,000 on a scratch off when we were kids. His mom also won $52,000 on a quick pick a few years before. He went broke in 3 months
Not everyone is in the investment world
Well doesn’t take long to spend 100k
Wow. You can’t even buy lotto tix with a credit card in my area.
You cant anywhere.... not here in california
You can use a credit card Here in Canada. A Lady won a Lotto Max jack-pot, and then lost her ticket. The organisation Then Checked the Store's cameras to see Her buy the ticket, on a certain day and She got the money.
I thought the same thing you definitely can't in Connecticut
You can in 21 states in the US, apparently
This narrator is a character he's like "Amazing right it would've been amazing" lol.
Number 6 is why I’ve chosen to never trust the stock markets. If it were me, I’d choose to invest in precious metals like gold and silver, real estate, and start up a few businesses. The bulk of the money would go into a high yield savings account. Never trust something as unpredictable as the stock market!
This is what happens when people think they are "Big Ballers" winning the lottery and then going broke within a few years or so. Hilarious!!
About the boss who stole his illegal employee lottery wings. I wander how is his conscience will deal with that in his las days.
Lol probably sleeping pretty well. Smh
there is no karma, sorry to say
@@DaveDepilot-KFRG Oh there's definitely karma
He stole the money!! What makes you think he has a conscience?
He will be pretty old and in a nice house with nice cars in his last day
As we say where I come from, "Not the brightest bulbs on the Christmas tree, huh?"
Sharp as a marble
All this videos are helpfull to understand how not to waste money
@Veronika Staykova youre beautiful beautiful, whats your instagram? i wanna see more of your prettty face.
#17: I find it amazing that any state would allow anyone to purchase lottery tickets or scratch-offs with a credit card. I've used a debit card to do so, but that's another thing entirely. Sure they got the complete story straight?
Apparently 21 states allow you to buy lottery tickets with a credit card. I had never thought of it as anything weird.
@@jtidema Most gambling rules wont allow you to use a credit card to gamble , as your borrowing money to gamble.
Killing the bank manager 😄
I will take the lump sum and pray
WHAT BANK?
PLEASE
New money versus old money, as you can see, there's a difference.
Like the NFL DB said "You can't tell someone else how to spend a million dollars if you never had a million dollars." Which is true. I can't call someone dumb because they bought fast cars and a house, Its THEIR money that's what up supposed to do with it, spend it. (Or save it). Now you don't turn into a investor just because you came into money. Hell most people that never won always say what they would do with the money, easy to say "If I won 5 million I would..." you haven't so you can't really say. Nice video though.
My dad got over a mil in a settlement and gambled it all away, the only thing left was a 5 bedroom Victorian home that me and my brother kept cuz he couldn't afford the taxes
Stories like Francisco are exactly why I keep almost all my money out of banks and only use banks when i have to and i pretty much withdrawal all money from my acct as soon as money is deposited as banks have F*cked me at least 7 times in the past and i almost want to write what happened every time to keep it from happening to others...it ridiculous what happened to his money and a major reason why i don't like banks as i dont like my money being somewhere where it can be snatched at any time but that's just me..Keith and his 9 million pounds though I'm pretty sure isn't 17 million in us dollars...that's a nitpick though..Thanx for the video as always great
Banks should be regulated. I am in Canada, and all banks are regulated. So, this can't happen.
I agree completely. I don't trust banks with my money at all.
@@boxer6796 yes I agree they need Regulators....Warren G & Nate Dogg will do just fine
What I do is not check my lottery ticket for two weeks so I can have longer to dream about winning
I'm taking personal finance management classes, cursussen. I will not give my money to some random adviser that sees me as a number or statistic. Trust yourself with it just don't try to live in a way you can't afford. Let's say you won 10 million. You can't afford to buy that nice porsche until you generate money with the money you've won.
Good research 🙂😜
The obvious lesson here is if you win the lottery, don't spend more than you won. The second lesson is if you win the lottery stay away from drugs and alcohol.
Always, always, always go with the lump sum.
If I won the lottery I could never live fancy , I would make sure my kids had a nice modern home and decent car as well as myself. I would still shop thrift stores and garage sales. I would make sure my fridge was always full , I would not eat out every day or wine and dine everyone.
I've always said if you are going to play the lottery you need to do some DEEP thinking of how to proceed should you win and be very careful who you allow to surround you after the fact.
subscribed
thank you
Post more lottery videos please
Don't trust the bank
The bank stealing the one dude’s money isn’t any kind of surprise… They got their bonuses…
Why am I not surprised that many of these people lost the money they won by gambling by gambling!
Being poor is not an unfortunate situation, it’s a state of mind.
This is why you should hire a financial advisor if you win! 😅
My Billionaire lottery plan:
1. Get a lawyer and prepare to disappear. Everyone from your past will be coming out of the woodwork.
2. Get a financial advisor. Every crook in the world will be coming out of the woodwork.
3. Get a vastectomy. Every hoe in the world will be coming out of the woodwork. lol
But not a FA through a bank.
Exactly Right Ok
They say money is the root of all evil. Actually, the correct saying is, " The love of money is the root of all evil."
Actually religion is the root of all evil :P
They need to teach how to be financially responsible in School. If I ever won, I would take the lump sum and not hire a financial advisor. It’s not that hard to figure out how to manage your funds.
too cheap to pay for solid advice? you'd be on this list.
@@DaveDepilot-KFRG why pay for something that I already know. I don’t like to waste money. Maybe you do.
They should also teach people how to cook and the value of nutrition starting in 7th grade since all we are are what we put through two systems allowing life. Our respiratory and digestive tracts are all we have going for us.
Lump sum is way to go no fun otherwise. He should have bought stock in Apple and some others like microsoft ipo shares and later on ebay back then late 70's and 80's.
Agreed. Most I would pay for is an attorney to keep things anonymous, and maybe pay a fiduciary to review my plan, for obvious mistakes, but there's no chance I'd be paying someone to manage money.
In a liberal school system.. really? To busy teaching you how to be a good slave
Been waiting for this
How can the Bank lose all your money..what kind of bank is that?? 🤔🤔
Apparently a dishonest one. Anyone that promises a "no risk investment" and guarantees 17% annual return has con written all over it.
What a shame for Francisco and people still trust banks. Lol
#6 is probably the worst 10:06
Thats cold 🥶
I'd be satisfied with winning the "$500 a week for life" prize. I don't need millions to be happy.
This video just shows that even if we redistributed wealth equally to everyone, about 90% of it will go back into the hands of the rich.
Does that mean that the other 10 are doomed also?
Wow your exchange rates of Pounds to Dollars is amazing!😂
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator ~~~----
Loyalty and Trust is a back door
#6: Always put a little money here and a little money there! Someone ripped off my dad’s investment but after his death we discovered he had - “a little money here and a little money there”!
I agree. If a bank CD is only insured for 100,000 then only place that amt at that bank. Use 20 banks if you have too. Most people lost their money to financial managers who invest in risky ventures for a large investor fee. They are only concerned about lining their own pockets.
Lump sum. Then I take a large portion get my own annuity plan.
They don't have FDIC over there
As a senior I would choose lump sum, get a financial advisor, accountant, some in the bank, some in safety deposit, purchase air b n be, purchase house for grandson and son, and modest apartment, have a will, purchase medical insurance, last a new car.
you are reporting that Joe was the actual winner of the lottery. that is only because he claimed it. so you are saying that his boss is a thief.
I’m going to be honest I wouldn’t blame joe one bit if he does something to his old boss!
Boss screwed him cause he knew illegal would cut his throat if he took him to court.
Some people are not very bright.
That's a very nice way of putting it THE WINNER says!🙂😅
The saying goes: If you are not smart enough to earn it you are probably not smart enough to manage it.
Banking is the first scamming
I don't believe Francisco belongs on this list. He didn't lose his money by making a dumb decision. He got screwed over by no fault of his own.
These people completely ignored a basic rule of money. For money to be spent, there must be a flow of income first. Simple as that. But these people are like winning the goose that lays the golden eggs and the first thing they do is to have the goose for lunch.
Money just allows people to manifest who they really are.
This is why broke people shouldn't play the lottery. They can't manage money
17% a year risk free???? 🤦♂️🤦♂️🤦♂️🤦♂️
Canadian lottery is tax free. And the gifts given out to friends and relatives are all so tax free. Between that and free Healthcare how do you like them apples Murica.
My advice is to simply invest in low fee index funds. Total market fund, bond fund, and an international fund. Then, live below the return on your investments. This advice also applies to regular folks. Invest 10% of your earnings, and you will have a comfortable retirement.
Crazy how after you win the feds look into your personal like, hey don't worry about if I'm a criminal 😂