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Persuasive Essay On Winning The Lottery

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Is winning a fortune really worth the possibility of losing everything? There are many different forms of the lottery with prizes ranging from a couple of dollars to millions of dollars. Most people though are more interested in the big prize worth millions, believing that if they were to win they would be set for life. While winning the lottery can improve someone’s life it can just as equally ruin their life. After winning the lottery they need to be smart with their money. Within the first five years of winning the lottery around 70% of the winners will file for bankruptcy, according to the National Endowment for Financial Education. When people strike it rich they believe that they have all the money in the world and begin to spend or give away money without a second thought They feel the need to have the newest and best of everything to match their newfound social class. Kevin Myeroff, a certified financial planner and CEO of NCA Financial in Mayfield Heights, says that winners spend too much on depreciating assets such as cars, vacations and gifts. When winners begin to gain popularity it attracts the attention of people who want to leech off the benefits of the winner. Once they begin to give away money to family and friends it is hard for them to stop. Sandra Hayes, one of the twelve winners of the Missouri lottery in 2006 worth a total of $224 million began to feel the emotional toll of winning the lottery. After splitting the $224 million among a dozen of her

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