If you won $8 million, are you rich?

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.

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.

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.

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.

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.

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..

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.

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

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.

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.

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?

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!

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!

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?

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.

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.

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.

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.

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?

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.