What are the disadvantages of becoming an instant millionaire?

Money can be hard to achieve when you are working with minimum salary specially when you are in a family where you are the only one striving hard and working hard to fill in the financial needs... Well, people who live from poverty and sacrifices and have made themselves millionaire in their own ways knows more on how to handle money. Not unlike those who live in poverty who became instant millionaire. They don't know how to handle money. The feeling of first time to put a million in their hands the first time is too much excitement for them. That's why they most of the time waste it without their thinking of wasting it. They don't have the plan of how to make it big and not just treat their relatives and even neighbors for their winnings. Because of too much excitement, they are not aware how to make money more well-spent...

I think it just depends on how much money you get and how you handle the money. Not to mention if you get a large lump sum of money the government will tax it and everything else you can think of will try to tax it. But I think it really just depends on the person and how they handle their money. Most people don't think to put money in something that they can invest in and will end up payin them in the end and the people that do do that end up investing in the wrong thing with the wrong people and they get their money swindled from them.

Since this money is easy to come, then probably it is easy to lose it, too. Besides, when you become to be an instant millionaire suddenly, you may not handle it well. Such as you don't know how to use this money wisely. And many people suddenly want to be your friends. And you may lose your ambition in life because you don't have to worry about money any more.

maybe they have not managed their finances properly. maybe they were living like they're gonna have the money lifetime without investing it to to gain earnings.

When you aint work for it you dont appreciate it as much and you blow it fast because you got it fast