If you won $8 million, are you rich?

@loxion (1551)
India
October 28, 2008 8:39am CST
There was this guy in the city where i'm from and he won $10 million on lotto and to surprise he was teasing people, telling them they are poor and he is a rich man, whats worse about this dude was that he never had that (higher) eductaion and he knew little about investing or investments. He always had a pride even before he won the lotto, he would tease other guys about what he wear and how expensive his jewish were, to make things worse he won the $10 million lotto jackpot and all hell broke loose to everybody, he would make parties almost everyday with his friends, and when it come to his pride of teasing other people it got even worse He was claiming to be rich and nobody around could come close to what his bank account looks like. he would buy all this expensive cars and not even think of opening a business Now 5 years down the line here he is left with nothing but scrap cars on his yard and according to how i see him and the way i know how he live, i know that there is nothing in the bank Now i'm asking myself, if you have lot of money does it mean that you are rich or you only have money? whats the different between having lot of money and beeing rich?
20 people like this
60 responses
@wrangel15 (1443)
• Philippines
31 Oct 08
The answer can either be no or can be yes. It actually depends on the way you handle it. I know some who also have received a large amount of money upon retirement. But they end up broke because of not properly handling it. It is really a big advantage if you know how to invest money. Investment helps people to correctly handle their money. It makes us think how hard it is to make money that we should take good care of the things we have. But then it is not just money which make us rich. We can be rich in our character, or can be rich because of friends we have in our life. A good health is also a treasure. Though we usually see being rich through money, there are also many things money can't buy which can really make us rich.
@loxion (1551)
• India
31 Oct 08
I agree with you, but for our poor guy here...he thought he could buy all the things he want, icluding friends and love, too bad he found friends who will do nothing but help him spend his money on useless things
2 people like this
@laydee (12814)
• Philippines
29 Oct 08
That's actually a usual scenario with people winning the lotto, they think that after winning the lotto or any game with money, they'd be rich forever, they fail to understand that money can soon be gone if not managed correctly. There was once an experiment by the Oprah show I guess, where they left a lot of money in the garbage bin knowing that a poor man would get it, sooner or later someone found it and the researchers were trying to see what he'd do about it, well he did as expected, he bought everything he wanted, took life easy, even gave his brother a brand new car. Sooner or later he lost everything again and was back to zero. They then asked him what he realized then, he simply said that money is outlived soon and he should have done differently. Regrets do come afterwards, and we never realize the value of things (or people) until it's gone. What's sad even is that after he lost everything, his brother (the one he gave car to) never had thoughts of loaning him money. So you see, for me, money doesn't make you rich. Yes it does but as soon as it's drained out, you're back to where you are. Regardless how 'wise' you might think of yourself, when money knocks at your door and enters, you most likely would throw your values and 'intellect' away out the door. Maybe that's why there are few rich people and even fewer of those who won anything who because successful or rich forever. For me being rich is having the happiness and love you enjoy, plus having the freedom to do it. And of course, having your money work for you, the right way and the proper way.
2 people like this
@loxion (1551)
• India
29 Oct 08
I think thats what happens when you don't think properly and having enough guidance, but for our poor guy here the problem was that he would never listen to anybody else but himself, if he wanted to do something, then he would go for it
@fifileigh (3619)
• United States
29 Oct 08
i think being rich is when you worked for it and earned it, and made all that money yourself, and when u use it but, u continue to earn more to replace. winning in a lottery is temporary riches, and as soon as u use it up, you wont have anything left, unless u continue to win lotteries for the rest of ur life.
1 person likes this
@loxion (1551)
• India
29 Oct 08
With the sum of money he won, he could have been rich if he had great plans for it. He could have opened big business and invest all his fortunes in it, unfortunately those kind of luck is unlikely that it would repeat itself, but if you have a chance to live nice life, you could do it through investments but spending almost all what you got and hoping that you will win again is something unlikely to happen.
@loxion (1551)
• India
30 Oct 08
but does that make them rich in any way? if you come across that kind of erson in the street would you say they are rich or would you say they only have money?
@fifileigh (3619)
• United States
30 Oct 08
i just say that person must be rich no matter how they acquired it, whether through spouse or parents, their own hard work, inheritance, or etc. i dont care. i dont really think about it.
@aisaellis22 (6449)
• United States
29 Oct 08
Well if you win instant money, it doesn't mean that you are already rich. You could be rich if you use the money properly or you could only be a one day millionaire. In winning $8 million, it doesn't mean that you are rich. It could be but money easily go aWay. You are not aware that you spend too much money already. If i have that money i will try to build my own business and invest. I will try to make it more bigger.
@loxion (1551)
• India
29 Oct 08
Too bad...he wanted to "spin money" those are the words he liked to say whenever he was around, he would go like "i'm spinning money homie" and he was spinning money because he had everything, from flashy cars, expensive clothing to beautiful women.All he wanted to do was to spin his caash on somethings that people would see that he has money, obviously by investing nobody would see that this guy has lot of money, atleast thats how i think he thought, and the best way to show people that he had money was to buy all this flashy things and live the life of the rich
• United States
29 Oct 08
Yeah, probably now he regretted it. He is too proud. Well experience is the best teacher.
• Philippines
28 Oct 08
being rich is not just owning lots of m oney and some bank accounts but still the satisfaction that u have in life or contentment.. rich means a big thing to ponder...rich financially and rich in thw whole being..
1 person likes this
@loxion (1551)
• India
29 Oct 08
Ya, thats true, this guy abondoned most of his friends and started a new "rich" life with other rich people living in the big cities, now that the money is gone...he is back in town and he must start new friendship
• Brazil
29 Oct 08
For me you only have money, because be wealth don't depends of money You'll be rich when you loosen the materials things.
• United States
9 Nov 08
What's up Loxion!! There's a difference between rich and wealth. The guy that you speak of was rich, at one point in time. He never grasped the fact that to survive in life you must think wealthy not rich. A wealthy person makes the right decisions with their money, invest it, give some of it to charity, multiply it. If he was smart or at least had a wealthy mindset, his net worth would probably be $30 mil. right now. But he went and pissed it all off, and karma hit him in the A$$. Making fun of people that are in the same position you just were in doesn't make it any better. So he got what he deserved.
1 person likes this
@loxion (1551)
• India
10 Nov 08
This dude is a jerk, i mean how do you blow the cash like that? he used to say "i'm spinning money" and again he would say "i spend money like dust", i mean how can you talk like that when you only spend and nothing is coming to account? The monet was flowing out and nothing was coming in and still he was talking as if he was the wealthiest man alive. And now i can confidently say "i'm spinning money" each time i see this a**, because he use to tease me and my friends, "sayiing feets are not meant for walking but only to balance the body", how do you talk to people like that? Now he walk around on foot too, no more cars, no more lavish life, no more nice ladies. He deserve it BIG TIME
1 person likes this
@quinnkl (1668)
• United States
2 Nov 08
I supposed a lot of money makes you "rich" in the dictionary meaning of the word. But how you use your wealth, and the type of person you are makes such a difference whether you have money or not. How you treat people either way, and obviously this person didn't have a handle on that, and the type of person you are makes you much "richer" than and amount of money could, in my opinion. And, as you have shown with this example, having the money and not being responsible won't leave you with any money at the end. Money sure does weird things to peoples' minds doesn't it?
1 person likes this
@loxion (1551)
• India
10 Nov 08
Whats more surpring about this guy here is the fact that...even before he had that kind of money, he was always like that, altough he couldn't talk "louder" as people had much than he had. And now with lot of money in his pocket now he can loudly open his mouth to tell people(including me) how poor we are I mean even some of his best friends turned a back on him because he would say "i feed you, you eat me, drink me and everything", i mean how will you live i nice life if you treat people like that?. And is like GOD saw how he was treating people and just blinded his mind so that he cannot do anything with it. This guy never really had good education as i said but he would not listen to advice from other people, i mean how would you gain knowledge on things you do not know if you don't listen to other people? I think responsibility and knowing how to invest your money and knowing how to handle your life is all you need to be succesful
1 person likes this
@MsTickle (24962)
• Australia
1 Nov 08
It's all about attitude as I'm sure you realise...I mean, it's obvious isn't it? I don't have much but I consider myself well off....especially to people who have less than I. It's not what you have it's how much you appreciate your good fortyune and what you do with it.
1 person likes this
@loxion (1551)
• India
3 Nov 08
Thats for sure, i think attitude play important role in everything we do no matter we rich or not, thanks
1 person likes this
@cher913 (25893)
• Canada
29 Oct 08
i wouldnt brag about it but i would always still be rich because my lifestyle wouldnt alter all that much. i would probably still shop at thrift stores and the like and big box stores like walmart. i would definitely pay off bills first and then we would see what we did.
1 person likes this
@loxion (1551)
• India
30 Oct 08
I think investment is a good option if you know or have some guidance on how to invest if you have that type of money, and only after some investments that people could call you a rich person, but this guy here decided to take a different rouute in showing people that he was having money Whats worse about this guy is the fact that he cannot listen to anyone, when people try to guide him on how to spend his fortunes wisely he thought they wanted a piece of his money, even his friends of which he abandoned afterwards because he wanted to "spin cash" as it was his famous words, he would tell everybody that "i'm spinning cash"
@wolveren (1568)
• Cebu, Philippines
29 Oct 08
I have to say that guy had it coming to him. He was truly very lucky to have won $10 million!!! Man, that is awesome. But like you said. He was given a gift from who knows where, and you might be asking yourself the question... Of all the people to give the best of luck, why did it have to be him? Lol. Many people would think it isn't truly fair. He was given a gift yet he blew it. With all that money he didn't need to have any knowledge of business, he could have hired some professional to take care of his business. Maybe partner with someone who needs his finances. But yet like you said he spent it all on parties and fancy stuff and years down the road he ended up with nothing. To be truly rich is to have the wealth from the heart and not from the head. All that money could have made a difference for someone else. If it was me, I would have invested in businesses that would help a lot of my friends out of the ditch. cheers!
1 person likes this
@loxion (1551)
• India
30 Oct 08
Again this is the type of person who just cannot listen to anyone, he always have his final say when it come to making decisions, no matter he is right or wrong, to him whichever decision he makes is correct, he would never take guidance from anybody else.And do you deal with someone like that? you have to let him go, because you don't want to be embarrassed by him telling people how you wanted the piece of his fortunes
@rusty2rusty (6767)
• Defiance, Ohio
29 Oct 08
It just goes to show with that man life does have a way of balancing out doesn't it? His friends probably scammed him of his money and he was nine the wiser. I live love makes you rich. Not money. But if I had that much money. I would help others, that is for you.
1 person likes this
@loxion (1551)
• India
29 Oct 08
This guy was too selfish, i mean we have lot of charities locally but he never donated even a cent, and he would say they never help him when playing the lotto. And the more you told him about it is the more he becomes furious with you, and he would think that you just want the piece of his fortune.
@mentalward (14697)
• United States
29 Oct 08
It sounds like, even when this man had his $10 million, he was still a poor man! A person like this cannot possibly have any true friends! People who brag about how much money they have, how expensive their clothes are, or who put other's down because they're not as 'rich' (money-wise) as they are, are extremely lonely people with empty lives. No, money doesn't make you rich! Richness comes from INSIDE a person, not from what they own. It comes from the love of friends and family. It comes from being an honorable and respectable person. If I won $8 million, I'd put some away for my old age and put the rest to good use, helping others. Oh, I'd probably buy myself something that I've wanted for a long time; something frivolous and totally unnecessary, but I'd want to do everything I could to help others. I certainly wouldn't brag about it! That man apparently is getting what he deserves. He's lost all that money and now has nothing. I'm sure he has no friends nor the love of his family. He's just as poor now as he was when he had $10 million in the bank!
@loxion (1551)
• India
29 Oct 08
Almost all his friends are turning back on him because he abandoned them for other rich people. With his family, i think they are just acepting him simply because he is the member of the family
@23uday (2998)
• India
29 Oct 08
Hi buddies, IF you won $8 miilion,are you rich?I have taken a lottery ticket so,after a week lottery announcement and i won in the lottery got a $8 million,Iam so very happy and surprised me i thought that i could'nt expect that i woned in a lottery i never expect in my life.Now iam became a rich person.Some half of the money i will invest and half money i will give it to a charity trust.I will help to poor childrens old age persons.What about you?So you want be a rich person?
1 person likes this
@loxion (1551)
• India
29 Oct 08
Yes but spending it wisely, unlike this moron i'm talking about here
@Geone1 (65)
28 Oct 08
Well with 8Million dollars being approx just under 5 million British pounds in the UK I would say your pretty well off ye could by yeself a large apartment and a sports car and go out have some fun spending it with still loads in the bank making interest.....! providing you haven't got a massive family LOL
1 person likes this
@loxion (1551)
• India
29 Oct 08
The money was between 8 and 10 million and i could not believe that he spend all that within a period of 5 years.
@jsloh1989 (181)
• Singapore
29 Oct 08
It's the difference between rich or rich emotionally I guess. LOL. That guy is pretty retarded. He is not good at utilizing the cash he had and wasted them! That guy is nothing more than a loser. I think even if he had whatever say, the federal had, he will still squander all of them away. Such a waste.
@loxion (1551)
• India
30 Oct 08
I swear to GOD he deserve everything he made out of his life, i mean how to do you spend cash like that? first of all you are not working or maybe you are earning a little where you work and all of a sudden you wakeup the following with $10 million in your bank account, and you spend it like that? he can go to hell and considering that he used to tease other people(including me) on how poor we are, and how he is "spinning cash"
• Singapore
30 Oct 08
I am curious, how old is he? It's ok if he don't want to work because 8mil is actually enough for one to retire, depending on the currency of course. If I am him, I would have use that money to invest, make more money out of money.
@loxion (1551)
• India
31 Oct 08
He is in the mid 30s, he is still young, he could have used that to the best advantage considering that the company he was working for was not that big enough to earn high salary, but he decided to quit his job and to spend his millions uselessly
@micahbrul (307)
• Philippines
29 Oct 08
Definitely no... It was how you spend money wisely... If you have that amount of money you should use it wisely and when it is bigger as you think, well it is what you called rich and one thing you have all kinds of business around the corner and investments in a company. That makes you really a rich person because you know that you have a source of income that can grow and grow. Share to others and it will more grower as you never notice. One more, being rich isn't a news that you have to shout to all the people. Just keep it and wait people noticed it. Be humble, Right?
@loxion (1551)
• India
30 Oct 08
But my fellow country man got it totally wrong because he thought the only way to show people or for people to notice that he had money was by having all this expensive things, he never invested in any property nor did he donate to the local charty here, he spend it all on lavish things, but i don't blame him, he was poor from the begining, his attitude towards people made him look poor. I mean even before he won all those millions he used to tease people and with money on his side it got from worse to even worse than before
• Philippines
30 Oct 08
thats why it was his attitude because hes an educated person. Well.. I see him very poor by that too. he doesn't use his head.. Pitty for him!
@loxion (1551)
• India
31 Oct 08
That jerk deserve everything that happened in his life because he thought he was the ruler but only to find that the cash he had was too small
@tammytwo (4304)
• United States
29 Oct 08
Even a person with no money can be rich. Although many think that money will buy them happiness it will not. Without family and friends to support you and love you your life is meaningless and empty. Although I don't have a big bank account I consider myself to be extremely wealthy because I have three healthy children and a husband that loves me. Even the largest bank account can't do that for me.
@loxion (1551)
• India
30 Oct 08
But is shame for my fellow country man here because he thought he could have almost anything he wanted, he once said he wanted the most beautiful ladies around, and guess what, he got them all of the beautiful ladies but thats not love because now that he is poor they look at him in a different way He once found me and friends at shopping mall and we were doing our window shopping and happens that he was there too and the words that came out of his mouth was :poor little people, you cannot afford to buy that, go home", thats cursing.How can you tease people from the same area you come from like that? who will be there for you when there is a dark cloud falling over you? Now that the dark cloud felt on him we just have to move away and watch as he suffer the consequencies, because he just cannot listen, he is subborn. he could have been rich if it wasn't because of his "hard head" if i may call it that way. But now he is empty in his life because everybody is moving away from him
@wolveren (1568)
• Cebu, Philippines
30 Oct 08
He's a no good dirtbag. After he lost his wealth, he is shown as an example of a person who was given a gift and he threw it all away. Not even realizing that he once was over the edge too. Now that he has all his riches gone, perhaps his pride may have taken some time to seep into his mind to open his eyes. hehehe.
@wolveren (1568)
• Cebu, Philippines
30 Oct 08
And I guess he deserves to lose all his money after how he treats other people. Lol.
@nanajanet (4436)
• United States
30 Oct 08
Money can make you rich, in things, but most people, when they get so much money, so fast, spend it all and sometimes get into worse debt than before because they adapt a more expensive lifestyle. We have come into money a few times and are not rich. We spent most of it but not on trivial things, for the most part. We would get things we needed, like repairs, a decent car, maybe a trip, but we never changed our lifestyle so when it was gone, we were not broke. We did invest some of it and pay off our mortgages, so we are rich as we now own our home and have a loving family to share it.
@loxion (1551)
• India
30 Oct 08
Too bad about this guy here because he never invest anything and what made things worse is the fact that he decided to change his normal lifestyle for the rich one. I personally think he deserved it because he use to have "a big mouth" treating us like animals Now is like he lost everything, his friends, all those expensive cars and living an "empty" life
1 person likes this
@nanajanet (4436)
• United States
30 Oct 08
It is easy to want to see people "get their due" but instead I like to pray for them that their misfortune and bad choices have taught them lessons that will stay with them in life. We all make mistakes, we are all not perfect. I like to think that I have decided being rich is not equal to being happy. Not that money hurts, lol, but having had great losses of loved ones in my life and having money, I pick having those loved ones back and living in a tent.
@loxion (1551)
• India
30 Oct 08
I personally feel that this guy 100% deserve this, how can you tease on other people now that you have the money?, and he was blinded by how much money he had, he thought that was the end of everything and the begining of rich life
@idowrite72 (2214)
• United States
11 Nov 08
I'd say it depends on the kind of rich you are talking about. If I had that much money I would say that I was rich, but I wouldn't be able to spend it that quickly, I don't think!! Well......maybe, by the time I helped all the members of my family as I would want to!! I know someone who works with money and investments so she would be one of the first people I would call! Guess it all depends on your definition.
@loxion (1551)
• India
11 Nov 08
Lucky you, atleast you can have someone to contact and ask for guidance.I also think that if you have won or which ever way gathered that kind of money the first thing to your mind will be "investments".But for the poor guy i'm talking about here i think even if he had someone to go help he wouldn't listen because he was ignorant and again arrogant He wouldn't listen to anyone except himself, to him everything was right Right now when you look at him you cannot believe it if someone can tell you that... this guy had won the amount between $8 to 10 million 5 years ago, i mean he spend it all of it
1 person likes this
• United States
12 Nov 08
I just can't imagine spending all of that in five years and I have plenty of things that I would like to do if I had the money AND that BIG family that would be happy to help me. When I was growing up, I can remember the saying that you could "never spend a million dollars". Guess is isn't true anymore!! Happy myLotting to you!!
@ANTIQUELADY (36489)
• United States
29 Oct 08
i would be rich but i wouldn't be acting like him. it would give me an opportunity to help my childer & grandchildre & any friends that i thought needed help & who couldn't use some help financially.
@loxion (1551)
• India
30 Oct 08
Thats for sure, but i think this guy had a stupid pride in him, the pride to let people know that he has money and to make things worse he would tease other people, judging them by their way of living, he was also too selfish. I mean not even 1cent to a local children's fund to help kids to stay out of the streets. He deserved it big time and i think nobody could feel sorry for him
1 person likes this
@ANTIQUELADY (36489)
• United States
30 Oct 08
i sure don't feel sorry for him.remember what goes around comes around.