A Tax on the Poor- The Lotto and the Surprisingly Common Sad Aftermath of Winning

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In this video:
It’s been called a voluntary tax on the poor and under educated, with people spending a whopping $60 billion a year in the United States alone on lottery tickets, most of which are purchased by low income individuals. (All total, about 20% of Americans play the lotto). Despite the high number of lotto tickets purchased annually, when playing the lottery (in all its forms), you’ll win an average of just 53 cents for every $1 you spend, making it one of the lowest return rates of any form of commercial gambling, and thus extremely profitable for the various government bodies who run the lotteries.
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Sources:
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wws.princeton.edu/news/Income_...
www.smartmoney.com/invest/stoc...
www.forbes.com/sites/financial...
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[@TodayIFoundOut]

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[@greeksquad2884]

Today I Found Out why are you promoting your channel on old videos?

[@seiwatwow1569]

Although without learning from my mistakes at the lottery I wouldn't be the person I am today

[@Slaymaker881]

Old video? I just got here...

[@Medietos]

Thanks for interesting content in good language, far too quickly spoken for me non-native speaker though. Get over-aroused as well. Maybe lessen the number of stories and slowing down? Good for you too.

[@stephanweinold2250]

@@Medietos Hello Claudia, did you know that you can slow down the vid in the settings in the video window?

[@Willam_J]

My wife had a wealthy aunt who passed away and didn't have children to leave her money to. My wife and her other siblings got a fair share of it but one sister got about 4 to 5 times as much. (Long story that you don't want to read.) My wife wanted to start blowing the money. I told her to spend a small amount of it and leave the rest in the bank until tax time. Fortunately, she listened to me. We usually get about 5K back every year, but that year we paid 17K because of the inheritance. Again, fortunately, we had more than enough to cover it. UNfortunately, her sister (the one who got the most) went crazy and blew every cent she got on expensive cars, lavish vacations, etc. The whole time she was blowing her money, she kept bragging about never having to work again. She got the shock of her life when tax season came around and she's now working two jobs to pay the taxes she owes and she's in more debt than she ever was. If you ever come into money, step back, take a deep breath and don't get stupid.

[@Cymru1987]

Inheritance tax is illegal. As a GIFT (inheritance) should be tax exempt. But, that's for another video.

[@Willam_J]

Jeremiah J - The money was from retirement investments. Totally taxable.

[@kakerake6018]

my parents are really good at spending money. an old lady my mom took care of offered her a cheap price on a large piece of property but in a bad area. so we moved out and currently live in another country, renting the rooms in the property and with tht my dad was able to take less hours at work and is still able to pay for me to go through college. something tht would've been very difficult before. my older siblings with the money saved up followed that model buying and renting property and life is not as hard or hectic as before. this might've been a very different story if they had no experience with handling money. as is the case with lotto w winners

[@Willam_J]

Dean Ridley - I'm not sure about the percentage or what laws are involved, but I do know that money you put into a retirement account isn't taxed until you or your beneficiaries remove it. Our accountant does our taxes so that we don't have to worry about knowing all the tax laws.

[@Willam_J]

haley smith - It's good that your family knows how to handle money. I'm not sure what country you're from, but here in the US we grow up assuming that we will live our lives in debt. Nobody ever teaches us that living without debt is an option. It's only people that who think outside the box that become debt free. There is some debt that can't be avoided, especially when you're young, such as buying a house and having a car to drive. Unfortunately, too many people feel like having a 56" TV in every room is a necessity and use credit to buy them. Those are the people who end up bankrupt. The only person who benefits from debt is the person collecting interest on that debt. The day my wife and I became debt free was the greatest feeling in the world. It's also not as hard as people think. You just have to make a commitment to not waste money, and sometimes do some sacrificing, to get there. When our friends were going on $10,000 vacations and paying for them with credit cards, my wife and I would do inexpensive things like go camping. Now, we are the ones who can pay cash for $10,000 vacations and our friends are too deep in debt to even go camping. Good luck to you and your family. I hope your good fortune continues. I'm glad you got the chance to go to college. There's nothing more valuable than knowledge. My EE degree provided me with a great and rewarding career. Take care, my friend. It sounds like you're going to do alright in life. :-)

[@TheLogicalChoice]

I don't see why some US states require lottery winners to disclose their identify, it's just setting them up for situations like this

[@tohopes]

The states and lottery commissions benefit from the big jackpot announcements which tempt potential players to think "Ooh, that could be me!!" They claim the reason to require public identification is to ensure accountability of where the jackpot money goes, but...

[@TheLogicalChoice]

tohopes I think the winners safety is more important

[@tohopes]

I would probably agree. I'm just saying that the states have their own financial incentives preventing them from making the change.

[@BitcoinMotorist]

Because the government only cares about its citizens so long as they are to its benefit. Just like a farmer caring for its livestock.

[@lukearoo]

The Logical Choice punishment for winning

[@nickmcnugget16]

My aunt and uncle both won the lottery and "won" like 2M after taxes it was a little less than a million, which they used to open their business without having to take out a loan. Worked out pretty well for them thankfully

[@firemarshal2629]

I graduated with a guy that went on to win the lottery. He payed off his parents house, bought them a new car each and disappeared. Deleted all of his social media accounts and straight up ghosted. After watching this it's definitely the smartest move he could have made.

[@danreyn]

Maybe he was killed

[@yourhandlehere1]

I ate 37 french fries in 1997. That would be about 54 french fries today.

[@Mugwart1]

IcantSignIn Best comment in the thread. Well done. :)

[@yourhandlehere1]

:)

[@yourhandlehere1]

the fries get smaller...like dollars and candy bars. C'mon, catch up. That whooshing sound is the joke going over your head.

[@therealmacgyver5470]

lol indeed i found the inflation the most schocking thing because it hurts everyone except the banks

[@minecraftminertime]

If you sold those fries today you would get more money, but relative to inflation you would profit nothing. And if you rebought french fries you would still only be able to afford 37.

[@Pumpkin0_0]

There was a homeless man in the city neighboring to mine who won a good amount of money from one of those tickets. He chose to make it public. As you can already be guessing, the family members who didn't give a damn about him decided to magically show up. He got a car, a house, and bought things for his magically-appearing family. They used him left and right until he ended up with debt. He's back where he started off, and his family members are magically gone. A good story is that a family member of mine won and was very responsible. She only told the people she could trust and is still using the money responsibly today.

[@Pumpkin0_0]

@1st Unfortunately, yes. If his family was smart, they would've helped him keep it and increase it while horribly benefiting from his kindness and lack of money management knowledge, but they were too greedy.

[@XenosvonFaneli]

"Shakespeare, who was near illiterate" ha

[@daapdary]

timestamp 11:32

[@randystegemann9990]

There are some theories that Shakespeare didn't really write all of the plays attributed to him. We may never know for sure.

[@nunyabidness117]

Kind of like a sexually liberated singer named Madonna.

[@michaeldelyjah5696]

@@randystegemann9990 Sounds exactly like something Donald Trump would say.

[@randystegemann9990]

@@michaeldelyjah5696 I''m not sure trump has the foggiest idea who Shakespeare was.

[@calmbbaer]

Something ironic about someone who won the lottery TWICE wishing she "had the chance to do it all over again."

[@bago49]

If the identity of the winners wasn't publicised, I think majority of these issues could be avoided, let them win quietly and tell who they want after the fact

[@__________5243]

Akm Da Dream only some states in the US allow you to collect anonymously. Mine is one. If I won, I would definitely do it anonymously because of this reason

[@lizatanzawa7910]

Eric Mason Hmm...wonder if one could take the winning ticket to one of those states...

[@Trottah]

They don't do publish the names just to out the winners, they publicize because they need "winner stories" to get more suckers to buy in.

[@pteppig]

One of the best solutions would be to move to another wester country, especially to avoid being robbed by the country in form of "winning taxes" (really? a state lottery stealing back winnings ?). Or at least move to another state and legaly change the name. Or taking a short trip to vegas, never entering a casino, but telling people afterwards "sorry beggars, i blew it all on gambling and hookers"

[@user-sb1vz9pv5y]

Dont matter to me. I have no problem saying no.

[@michaellyden2580]

The irony is that no one who would actually benefit from watching this video will watch this video.

[@KenoshaKicker]

Michael Lyden not true. I sent it to my wife. Gonna learn her something.

[@anevilstripper6095]

I'm showing my father, a man who buys two tickets a week!

[@athickie]

Michael Lyden Its just interesting to watch

[@maximsavage]

Two tickets a week? That's not all that much, I once worked as a convenience store clerk and we had a guy who spent 20 bucks every day on lottery tickets. Even worse, there was another customer who blew over 500$ a week on them!

[@kmarchery]

Max Savage wow . that's scary.

[@johntracy72]

One time when I won $2,000 on a lottery ticket, some of my coworkers "demanded" I share it with them. I told them no because they didn't contribute to the purchase of the ticket.

[@blackshogun272]

I'd ask questions that'd make them feel hella guilty like: Where were you when I fell deafly ill ? Where were you when my rent was overdue 2 months and threatened to be removed ? Where were you when my grandmother was dying from cancer and I could only afford the least to help her ? (That's a personal one for me) Where were you when my mom and brothers went to sleep hungry some nights ? *WHERE THE FUCK WERE YOU !? ANSWER ME !*

[@AC3handle]

I'd be like, okay, sure. Go buy a bunch of pizzas from the good pizza joint in the area, bring them there, invite all there to have some, and have a contract up that says 'by eating this pizza, you accept your 'share' of my lottery winnings', and whatever other legalize you can toss in to tell them to bugger off next time they ask about 'their share'. And if they don't eat? Fine. Here's a 25 buck gift card from said pizza place. Probably end up costing about 200-300 bucks total, but that should shut em up. Mind you, a 2k lottery ticket win probably requires 1k in taxes. so the pizza or any other payoff would be about 1/3rd of your take home winnings. The rest? groceries for a couple weeks. brilliant.

[@bluesira]

@@AC3handle Why would he pay any of them at all? Esp in pizza??

[@AC3handle]

@@bluesira because in a lot of people's minds, if you win something, you should 'share the wealth'. And if you don't, you're a selfish ass hole. Even if your take home was a couple hundred bucks, people still feel you should 'share' it. And all things considered, if you have a decent job and can afford it, it wouldn't hurt splurging for a party thing. Unless you're working for something like walmart or other low end job, and this money is actually double digits % of your income rating, THEN youcan tell the people to go F off.

[@shroomzgames7370]

@@AC3handle even so wealth shouldnt be shared, through doing that it is just wasted. Giving people money gives them no incentive to get a better job, or to work hard and achieve in life. You are better off keeping the money for yourself and investing, whether personal, business investments, or something to improve you own life. At the end of the day if you have worked hard your whole life to get to a position where you can afford nice things, what would be the point if you have to then share it with those who didnt? why bother work at all when you can just force rich people to share their wealth? you should always tell people to F off if they expect to share your wealth, because there is no reason why they cant go and get it themselves, just plain lazyness, like the recent protests who would rather go out and loot and steal rather than actually do a days work.

[@tips4truckers252]

"The reason so many people go broke after winning the lottery, is because noone who is good with money would play the lottery." Tosh

[@pjmobile5487]

This. A thousand times this...

[@DJVARAO]

"a tax on idiots" some people say

[@Guy-cb1oh]

'Tax on the poor' more like tax on the gullible.

[@Shadowman820]

People are just idiots in general . Just look at actors who had millions who go broke later .

[@markfoster1520]

That millionaire before winning the lottery was murdered. Where's all the popcorn now?

[@tombruner9634]

I won about $700 from the lottery one time, which was more than what I had spent to date. I decided that my luck had run out and bought no more lottery tickets.

[@reaven2535]

Same. I usually stop when I've won anything, because it's designed to make me not win. I've only pulled a slot machine once, and I won some money from it. So I figure that's as much money as I'll ever make from it

[@HealyHQ]

You made the right choice.

[@mr.actiongal1017]

good

[@natekimball5540]

Smart

[@bbarber1066]

I got a powerball ticket for my 18th birthday. Nothing. thought it was stupid. A couple of years later I went with my Dad to the horse races and bet $2 on the worst horse on purpose. 50:1 odds. He won. I came to a similar conclusion. My luck is spent.

[@sylendraws1249]

The fact that people have murdered and ruined people’s lifes just to get some of that money makes me feel sick. Seriously pretending to be someone friend, stealing their money, murdering them and then tricking their families into believing they are alive, what kind of person does that?

[@Dover939]

a psychopath, they're more common than you'd think

[@lukecash3500]

Many, many people. "Normal" people too. People aren't essentially good, they are however they're predisposed to be and self centered animals.

[@luc1ferblack]

because why give a shit about someone elses life just worry about your own. A massive amount of money will change your life so why not take it from someone else. i would never do it for 2 reasons 1. i dont really care enough about money to give a shit 2. whilst i consider myself very smart i believe there are many detectives who are way smarter and i would be caught

[@Dover939]

+Jason Leo either you're edgy and 13 or you need to talk with a therapist

[@RedRabbitEntertainment]

Jason Leo *Makes 18 punctual and grammatical errors. Uses word "whilst" in order to add a false sense of legitimacy to him saying he's intelligent* Yeah, it all checks out, you're an idiot that thinks they're smarter than they really are. I hate people like you the most.

[@rai1578]

Wait... if you got robbed REPEATEDLY at a particular strip club, why would you keep going back?!

[@johntracy72]

Glutton for punishment I guess.

[@belindagarza3958]

How is anyone stupid enough to take that much cash with them to a strip club. They're not exactly safe spaces.

[@tenormdness]

Because boobies are fun

[@zippymk13]

Because of Jennifer/Simone/Beverly ......

[@_Vengeance_]

There's a reason the lottery is called an IDIOT tax.

[@decapitatethecat]

"I don't want this. I just wanted you." - I wanted to watch a fun video before bed, now I'm sad.

[@beckyzwhite]

I won £154,000 ($250,000) back in 2009. Although my winnings were modest in comparison to others, I was surprised at how people's attitudes changed towards me - even my closest friends. I was also alarmed at how strangers from miles away knew how to reach me. I would advise that if you do win then KEEP YOUR BIG MOUTH SHUT - TELL NO ONE! Oh, and seek out professional financial guidance.

[@reaven2535]

It's strange isn't it? I make quite a bit as someone in medicine, but no one really bothers me. Presumably because they feel that I've worked for my money and don't owe them anything. It's weird how random people think you owe them money or are upset over it when it's a product they all buy into as well

[@faelwolf1177]

All lottery winners (in the U.S. at least) are part of a publicly accessible database. Part of claiming your winnings is to waive your right to privacy regarding this. You can be sure there are plenty of people watching that list closely to find victims for their fraud schemes. If I were to ever win big, my second course of action (after paying off all my debts) would be to move with no forwarding address.

[@PharaohFluidity]

"TELL NO ONE!" uhhhh...

[@alexhenriquez4766]

scubadrew9292 create a LLC. It will be listed as a company. No ties to you. 😉

[@justsomeone5314]

Reaven Veaceslav Well, you failed the "KEEP YOUR BIG MOUTH SHUT" requirement Rebecca just gave you. First off, I'd like to argue that people won't leave you alone "because you've worked for it", don't give scammers such a moral high ground. You're just not located in a specific hunting ground. Second, know that I've heard of several instances where high-earners were targeted (even though they got far through hard work). It's actually very common for doctors to be targeted by women who value them only for their earnings. Third, you might not be gullible enough, or may have too much of your time occupied to get yourself involved in schemes. Anyway, whether you're rich or not, I'm glad for you, for being satisfied with what you have. In my view, most of us are equally poor/rich - compared to kings of old days, we have luxuries you couldn't buy by selling off a whole kingdom; though we're probably missing out on some amazing futuristic technology (imagine one day people would say "they were so poor that their standard of clean water was low enough to accept filth-filled tap water, or plastic-seeping water bottles")

[@wattsisnaim8111]

My Lottery story: One year, at my work Christmas Gift exchange (which had a $5 limit) Someone gave me five $1 scratch off tickets. I won $4. Everyone I tell this story to who plays lotto says, "See! You won! That was lucky!" I say, "I would have had more if I had just been given the five bucks!"

[@Acrolance]

hahaha lol

[@bobby8012]

+Simon Pettersson The last time i bought prostitutes they didn't cost 4 dollars

[@urfork1]

im here for 3 dollars and fifty cents baby ;) i want to die

[@SraTacoMal]

But, buuut, you also get the happiness of having won. I had a bunch of quarters I wanted to get rid of and my boyfriend and I spent them on, amongst other things, a couple of $2 scratch cards (we play about once a year.) I won nothing, he won $3. The happiness and jokes that ensued was worth the dollar.

[@Petra44YT]

Aw come on. It could have been worse. ... But it could also have been better. I got "Krabat" as a Christmas Gift under similar circumstances. And it is one of the best books I have ever read :-)

[@kylarstern7627]

I would still really like the opportunity to see for my self if it's as bad as all that.

[@eurosonly]

It's a high price to pay though.

[@imnotusingmyrealname4566]

That's a huge gamble, haha get it.

[@brewtalityk]

Seriously. Their problems are all self inflicted. At worst, if you are getting harassed by people around you just move somewhere else. Not like you don't have the money to do so... It also helps to be pretty buff and a general badass so people don't fuck with you to begin with

[@ToddRickey]

I would magnanimously offer my services to test the hypothesis of high digit windfalls causing such greif.

[@brokentombot]

Depends if you have a functioning brain or not.

[@nicolali4792]

Love psychology. My favorite stat is a year after winning the lottery or becoming paralyzed, both groups had the same measurable life satisfaction.

[@Pringlesman]

"I really hope you found that video interesting" No I found it depressing.

[@runarandersen878]

Pringlesman : I found it interesting and depressing.

[@TheRachaelLefler]

interpressing

[@IamBHM]

I learned that having money gets you murdered. Somewhat less eager now to stop having no money.

[@lettonster]

Rachael Lefler what position is that?

[@thezestylime0989]

I agree. very depressing to supposed friends turn on, backstab, and even kill the winner out of spite and jelousy.

[@voxorox]

"Shakespeare, who was near illiterate..." I can honestly say I didn't see that one coming.

[@fkovacs1]

First rule- don't buy six houses and four Maseratis when you win the lottery.

[@richardsanchez9190]

First rule dont accept the money yourself in person.

[@adrianj2666]

Houses are ok, you can profit by renting the rooms

[@adrianj2666]

If theyre in student areas

[@fkovacs1]

@@adrianj2666 Not in this economy.

[@zippymk13]

So just 5 houses then?

[@Augcliffe]

Thank you for doing this video. I usually see people at gas stations with 3 kids in their car which is falling apart from rust buying a ton of scratch-offs.

[@pjmobile5487]

Heh. I have 2 kids in a falling apart rust bucket, but you'll never see me buying a lottery ticket. Too busy studying economic theory so I can get to the point where buying/leasing something better than a rust bucket makes sense on my then current level of cash flow.

[@irwinisidro]

Everytime I look at people who buy lottery tickets, it's obvious they are not in the best financial situation. It's even sad when they buy multiple tickets.

[@lucasfragoso7634]

Dodge grand caravan moment lol

[@citruseel2421]

I got robbed once, now I don't play EA games anymore

[@egan90]

keep yourself telling that. i know you do ;)

[@radicaledwards3449]

Im into fighting games, I bought shaq fu

[@Deandadee]

😂

[@Soshoyo]

If stalin was alive he would create the greatest game development group just to show how shite capitalist scum are. Filthy capitalists and your obsessions over such trivial objects.

[@sethrich5032]

Nice one.

[@danielhale1]

What's most discouraging is that even if you manage your money well and keep a cool head, you could still be abducted, murdered, scammed, blackmailed, sued repeatedly, or otherwise hated and abused by everyone around you. Clearly people are monsters.

[@dracoslayer16]

Win the lottery and don't know how to manage money? Step 1: Don't tell anyone, Step 2: Hire a Good financial advisor.

[@Nierez]

With that kind of money everyone would be happy to be your financial advisor.

[@johntracy72]

That's what Millionaire Book Scratcher did. He wisely put his ten million dollar win into a brokerage account. He also paid off some bills including his mortgage.

[@budmccaff550]

A financial advisor... Lol... How many celebrities and others have lost their fortunes bc of them. Best to have ten different financial advisors... The one good one might make up for the other 9.

[@louisemalika]

@NoisyCricket42 or write a budget. Like we have math. I have one million. Make me an excel budget out of it and where to invest it in paper....

[@randystegemann9990]

Just don't tell anybody, pay off your bills and put the rest away for retirement. I have no sympathy for people who go wild blowing their money.

[@kevinslater4126]

I have a friend of mine who got $400,000 when his grandmother passed away. He ended up having to leave the country for a few years till all the crap died down. The problem is almost never a problem with poor spending but all the grabbing hands that try and take it from you. If you notice all these stories, almost everyone gave the bulk of their money away ...

[@troodon1096]

People who earn their wealth rarely get this kind of hassle, but it seems if someone wins it or inherits it suddenly everyone feels entitled to some of it.

[@kevinslater4126]

Don’t know many wealthy people I take it? My uncle is a self made multimillionaire and his old ‘friends’ won’t leave him alone.

[@avamasquerade]

People who earn their wealth have had time to develop protective and defensive strategies regarding said wealth. People who are born with it are raised with those philosophies and strategies that then become (usually) deeply ingrained.

[@robinabernathy2829]

One of the ways this is done is by people doing or coming up with any means they can to sue you. With a man it can be even worse because you have women that will threaten to make a false accusation against you if you don't write a check.

[@alwaysdisputin9930]

I got left an inheritance but the executor just kept the money & knows I can't afford a lawyer. I tried to go to court to get accounts of what the executor was doing with the money & her lawyer ambushed me with rules I had never heard of in the court room & I ended up having to pay thousands in legal costs.

[@philliphart872]

ironic that abraham shakespeare was illiterate

[@armadillotoe]

Ironic he wasn't the President too?

[@fletchdavidson6079]

I said the same thing.

[@mojoforthewin3069]

Didn’t he invent electricity?

[@medexamtoolsdotcom]

@@armadillotoe That's as good a combination as Abradolf Linkler.

[@writerconsidered]

You stole my joke. I'm suing you for 1.8 million dollars.

[@Pyrex238]

random unverifiable anonymous anecdote: My brother won a $1MM grand prize playing slots at a Vegas casino. Once he won the money, the casino put him up in a penthouse, put him in the high roller club rooms, wined and dined him, and after three days, they had all their money back. He's been in and out of gambling addiction meetings since. True story. Some people just can't step back.

[@50srefugee]

The lottery is a tax on hope -- Carl Hiaasen [rough paraphrase]

[@MrUndersolo]

I like that one...and hate it, too...

[@TipCounter4You]

You can't just expect people who suddenly go from poor to rich overnight to spend their money wisely. Just look at the majority of rappers, celebrities, musicians, etc. Without having to work for the sudden sum, you value the funds less, and are thus more likely to spend lavishly. What most fail to realize is that it isn't at all difficult to blow through a million dollars very quickly, especially if you're spending it on things that you don't need or even necessarily want. If your spending habits are based on a desire to show off, you will almost always find yourself behind financially.

[@spoonikle]

The United States of America - Top that off with the scams, crazy people, thieves... you honestly have to be a successful fund manager or personally know a person just as wealthy and ask who they use to manage their wealth. There is huge risk either way and you can't avoid the crazy... especially if you come from those desperate and poor walks of life. I personally have all the tools at my disposal and connections needed to manage such a windfall... I refuse to ever buy a lottery ticket... not for a friend, not for a family member, not for any reason. I personally know too many crazy nut jobs, and while I am secretive about my life... crazy is good at finding things.

[@davidbeppler3032]

Do you have any idea how many cans of pringles $2million dollars buys?! How many crates of RAMEN?! It is insane!

[@hydrolito]

if you bought regular potatoes you can keep some of them long enough to grow more potatoes. You can't grow more Pringles or Ramen.

[@Emppu_T.]

i see this all the time with say.. cars, like when someone buys a big coupe type suv just screams "i have money and i funno wvat to do woth it"

[@Diceman82]

The old saying easy come, easy go applies here.

[@awsmjoey]

Kevin O'leary put it best when he said that the Lottery is a tax on people who can't do math. This video seems pretty accurate to me. Through my jr. high and high school years, my family lived in a trailer park and another lady who lived there had won something around $1 million. Everybody in the trailer park learned about it right off the bat, and her trailer was broken into twice before she even got any of her winnings. She ended up buying several brand new vehicles, nice big house in Texas, and now she has nothing left. I think that was about 6 or 7 years ago. If you can't manage a little bit of money, there is no way you will be able to manage a lot of money. Seems counterintuitive, but lottery winners prove it.

[@abyssstrider2547]

AwsmJoey well... She got a house...

[@hugehappygrin]

You don't understand. If you are broke, but have "a nice big house", property taxes are, essentially, rent. And if you don't/can't pay your rent, the county will steal your house.

[@4600norm]

It doesn't seem counterintuitive at all. It's entirely intuitive. Receiving a windfall of money doesn't magically teach you how to handle money, or make you the right connections and wisdom to know where to invest your money.

[@geoffdearth8575]

Or simply a tax on stupidity.

[@douglaslally156]

I've always thought the lottery rules should not allow a lump sum payout because handing over millions to people who are not responsible or wise with money will blow it all. Or they should at least mandate a 5 year wait until they can receive a lump sum of the remainder. That protects them from predators and themselves.

[@llamasugar5478]

An acquaintance of my mom’s won $18M in the Illinois lottery. She bought houses for herself, her mom, and her grandmother. Within 5 years, the houses were foreclosed on for taxes, and she had to file for bankruptcy. The stories Simon told remind me of the short story “A Job of the Plains.”

[@treborironwolfe978]

Loved this video... first time it occured to me that "anonymous" donations are not just "modest", but they are also very "wise" ;>

[@UntouchedWagons]

A fool and his money is soon parted. And people refuse to learn from other people's mistakes.

[@hydrolito]

They didn't learn from World War 1 so they had World War 2.

[@tylerdurden9161]

hydrolito oh, we didn't learn from WW2 just wait for WW3. Well I hope not in my life time, because the next one will be nuclear.

[@sean..L]

Thank you, i've been trying to convince my mother that buying lottery tickets is a waste of money.

[@ambiguousmartin4593]

This guy Maybe this video can change her mind.

[@crissd8283]

If you buy one $1 ticket a week then it may not be a bad purchase because you are buying excitment and thrill. People will often spend a lot more for excitment. Just $52 a year for this thrill. When you buy the 2nd then you are waisting your money because you already bought the thrill. This clearly don't work for scratch tickets that you know the outcome right away.

[@AzureSymbiote]

Good luck.

[@PeterJavi]

Curt D This is how problems start. Control every dollar you earn, don't go spending small amounts of money everywhere for the thrill. Bad habits start small.

[@GloomGaiGar]

unless you win then it's a waste of a relatively good life

[@derickh4315]

If anyone on here ever wins the lottery, just change your name and move somewhere no one knows you and take a course in business management if you're planning on running a business. You just bought yourself a lot of time to take things slower than the average people. Embrace it

[@senseiadam-brawlstars9465]

Why would you run a business? If people were smart with money, if you won over $5 million, you could easily just invest it all in an SNP500 index fund, and take out 3% every single year and never run out of money (it’s called the trinity study, hard to explain but look it up.)

[@alicedoors4826]

@@senseiadam-brawlstars9465 Because work is good for you. What do you expect to do with all your free time without some type of a job?

[@senseiadam-brawlstars9465]

@@alicedoors4826 Like the video said, people who open a business are just as likely to go bankrupt as people who just blow the money. You can invest the money and do something you're passionate about rather than being confined to always work 40+ hours to survive. I'd suggest watching Graham stephan on YT.

[@MzShonuff123]

I'd be one of those people that kept my job until I retired and lived a modest life and it was only after I died that people found out I was a millionaire.

[@vincegonzalez2171]

Sadly, this sort of thing happens to top athletes as well. All those NFL and NBA stars get a hell of a paycheck, but then their boys want some, and it's never something simple. Always things like "Hey can I get $250k to pay off a bookie?" and of course because he's your boy and you don't want his kneecaps getting removed, you help him out. That happens a few times and you see why all these people who come from impoverished backgrounds go broke only a few years after retiring.

[@Ozz04]

I don't know if "Enjoyed" is the right term as all of those stories were horribly depressing.

[@lizatanzawa7910]

Michel But YOUR " " was spot on!!

[@GavinR824]

What a depressing video. I think I'll go buy a lotto ticket to feel better.

[@claqyagami6914]

LOL!

[@mrrein9550]

if you win remember my dog is sick and my mates aunty is dying from an ant bite can u lend me a few thou

[@plant55555]

My nan got shanked and is also dying of cancer money pls

[@TRADERSFRIEND]

lol, thanks for the laugh!

[@dimitriosmakropoulos8641]

Hope you win a million. That'll fix you!

[@classyorange3362]

Moral of the story -dont tell anyone you've won the lotto -if you want to start a business, hire a consultant and an accountant -buy a wet floor sign

[@FeralLogic]

Moral of the story: If you win the lottery move, change your name, keep the fact that you have money a secret. Also, get your life in order. People that wasted themselves on drugs and went into debt after having millions - more than likely had some emptiness they were trying to fill. Find your calling. And if you don't know how to find your calling - take classes (when you have the money). Take classes on everything. Take a bar-tending course. Take dance lessons. Join a dojo. Maybe first, take a course on how to manage money? Give yourself a schedule and stick to it. Also, also, screw fake friends. Keep your pool of friends small and keep them vetted.

[@homerun443]

8:22 how the fuck did she win a case saying "I'm his girlfriend so I should get his money" The actual fuck?

[@mr.actiongal1017]

it would make sense if they were married but yeah idk

[@JoshuaCampbelll]

Well here in SA if you live with someone for more than 12 months then you are considered dependent on them so ya.... Duno if that law existed back then though or in the country specified.

[@Criminalupper2200]

I heard it was because when they were living together she supported him financially and stuff like that

[@faelwolf1177]

It's called "palimony" if someone can show they lived with you, and/or were dependent on you in some form or (less commonly) provided for your support in some way, they can sue for the equivalent of alimony. The definitions, especially if it's a woman suing a man, are very loosely defined. The intent was to provide for people who for all practical purposes were common law married, but it gets abused, as most legal precedents seem to do.

[@alphapt9370]

I have a place near where I live that sold two 100 million plus euro million tickets. Once I overheard a conversation regarding one of those tickets. Something within the lines of "I suggested him one of the numbers he could play. And he won. He should have given me at least part of what he won. At least 10%, I'm not greedy." Let that sink in. 10% for a number that he might or might have not used. Yes, people feel entitled to other peoples luck, and try to leech on it. No surprise there. I have a joke within my friends, who play that lotto game. If they win, they can buy me a cup of coffee. That's about 50 cents to 1 euro, depending on where you go. When they act surprised and say "oh, with that money, I can buy you the machine and someone to operate it", I go, nah, just the coffee. I'm fine with just that. As a subtle reminder that money can change people, and not usually for the best. So keep doing what you were doing before you had that much money, and spend wisely, or else the "nightmare scenarios" that are told in this video... will happen.

[@kellyhe3012]

course, people are greedy and vain

[@mr.actiongal1017]

i like this comment from Alpha

[@babayaga1767]

money is just a magnifier. if you are an idiot, money just makes you a bigger idiot.

[@TrueFlameslinger]

AlphaPT Someone else recited what their mother told them which is that Money doesn't change you, it just makes what you are bigger.

[@mikejohns777]

If I won that kind of cash, I'd probably do some funny things with it that I'm unable to do now. Maybe offer someone $2K to do something stupid in public and then probably getting $2K in revenue in posting the video on youtube. Once you have money, it is significantly easier to make more of it.

[@dan16802]

this video has nothing to do with the Lotto and everything to do with the fact that our schools systems fail at teaching people basic economics.

[@seth_5394]

dan16802 You spoke some serious truth right there

[@TheOneGuy1111]

Give a man a fish and he'll live for a day, teach a man to fish and he'll live for a lifetime.

[@NoActuallyGo-KCUF-Yourself]

That's why the lotto is called a tax on people who are bad at math.

[@disgruntledtoons]

It's interesting that so many of them blame the money for their problems and not their own foolishness.

[@AaronM-zh4ug]

Oh really? They probably wanted a chance to get out of their debt. Once they got the money, a lot of them just got tricked and sued because they had the money. Those that go broke, well at least no one was backstabbing them (in that case, it is kinda their fault. But then again, no one taught them how to spend that money)

[@jonathanpcampbell]

"Shakespeare, who was near illiterate…" lol

[@shawtyintheface69]

nonlinearmind he was gettinng trolled from birth

[@60secondsuccess39]

Hypothetical scenario: You just won the lottery for 10 million dollars. You can either claim the whole 10 million on the news, or you can anonymously receive half of that - 5 million. Which do you take?

[@spacerider12]

I'll take 10 mio

[@jackphillips4020]

I would probably take the 5 million. Being tracked down and harassed for my money sounds like a nightmare

[@HSAC.WDTK.DTKT.LFO.]

Anonymously take half and quietly live your now comfortable life.

[@lParohlx]

60 Second Success I'll take my 10 million then ill go to the gun store for multiple weapons and shoot anyone who tries any bullshit on me

[@otg3965]

germinvermin just follow the game, lol

[@alluraambrose2978]

so as a single person in a country where you can win without revealing your name i'm safe:)

[@cascorick8253]

Allura Ambrose I no, you could still be stupid! How well do you keep a secret? Most people not very!

[@davidhayes4814]

Fred, to Bob who had just won £50 million, “All those begging letters must be tiresome, surely?” Bob to Fred, “yeah, a bit but I still send them.”

[@tpamel]

Damn ... there should be a media rule of not publicly disclosing lottery winners. Saves a lot of grief.

[@Acrolance]

but then how would you know if you won? that is if you dont check any of then number and keep up with it... not that i know anything about this just off the top of my head...

[@tpamel]

Acrolance I didn't say the winning numbers shouldn't be announced publicly. If a winning ticket was been sold and a winner hasn't come forward, that also should be a PSA. I said that the winner should be allowed to come forward & submit the winning ticket without a camera & journalists announcing the winner's business to the world, as in, come forward anonymously.

[@Anon-gx6ih]

In summary: Do not get married. Do not tell anyone you are rich. Do not listen to sob stories. Do not trust women. Do not give your money away. Do not do drugs. Do not spend it all on nonsense. Do not open a business unless you are good at running businesses.

[@Acrolance]

then what DO you do with your hypothetical winnings? maybe take a money management course...?

[@descai10]

+Acrolance Buy a house. (Mortgages are not fun) After that split up the remaining money over time, if it's not enough for a lifetime of decent income then plan something or figure out how to turn that money into more money via investment.

[@dannydaw59]

But that makes too much sense.

[@Anon-gx6ih]

Open an investment account with a roboadvisor, preferably based on index funds. Try Wealthfront or Betterment. Consider an annuity if you are too strongly tempted to spend it. (edited, old versions mistakenly referred to IRAs and 401ks.)

[@stevenwillman2368]

A 401(k) is a pre-tax, employer provided, retirement account. You can't just dump a lump sum in one.

[@JoshuaCraigStrain]

Thank you for making me feel safe and content as I am currently broke , unemployed and living in my mother's basement . SIMON STILL ROCKS !!

[@alwaysdisputin9930]

I was too but then my parents died & left me inheritance ££ but other family members hired lawyers & kept the inheritance money because they knew that because I didn't have a job I couldn't afford a lawyer. They might even kill me 1 day I dunno. It's like they turned into Boromir in LOTR. So if I could go back to your type of situation I would get a job as maybe an electrician? so I could hire a lawyer

[@eurosonly]

It's amazing to see how quickly people turn into cold blooded vultures who only care about your wealth the second they find out that you've just won the lottery.

[@Loralanthalas]

It's amazing how wonderful you think people are until you realize they're using you for their own purposes

[@ArchAngelSlayer1]

I'd be really interested in a follow up video discussing lottery success stories if there are any. People who won, took the annual payments, invested, shook off all the leeches, etc

[@nubreed13]

That is for sure in the minority. 70% of all winners go broke

[@Loralanthalas]

Those aren't salacious so you'll never hear then. Oddly though... lotto is won every week.

[@CommunistKiro]

Are you implying that hookers and cocaine AREN'T a good investment?

[@evilotto9200]

CommunistKiro "Too many hookers. Too much cocaine"- Said no one on any deathbed, ever

[@DarrenNoFun]

I got so many hookers with my lotto winnings it sent their kids through University... i think one of them is a doctor now...

[@AntonSlavik]

darrn, can i has money plux

[@askhowiknow5527]

Yes.

[@AntonSlavik]

OH YAY! PLZ paypal to [e-mail]

[@axepagode33626]

Taxes are not voluntary. If it is voluntary, then it is a gift.

[@alwaysdisputin9930]

I feel the same way about being left an inheritance. I wish it never happened. Some of my family turned evil. I got no money. Myself & a relative were badly hurt for years. Money is like the ring in LOTR

[@Zereniti77]

"If I would win a million dollars, I would start my dream business: a car dealership!". A car dealiership?? Who the hell thinks like that?!

[@sticklebacketienne]

A hopeful guy

[@armadillotoe]

Lots of money can be made selling cars.

[@vadim6385]

Somebody who worked as a mechanic, and prefers to invest in something he thinks he has a general idea about how it works, rather than dumping money into the unknown. Besides, a car dealership can make a lot of money, if run the right way (though it can be said about any business).

[@ephennell4ever]

Somebody who's a 'car guy'! He should have just hired a business manager and a sales manager and a shop manager, and just show up: -- when vehicles are delivered (just enjoy looking over the 'new wheels') -- for weekly meetings with the managers (to 'keep a hand in', and to let them know 'you are watching') -- at 'bonus times' (so the employees know where the money comes from; and handing out money can be fun, especially when 'they deserve it'!)

[@metax73]

Don't tell people if you win the lottery.

[@galaxyplayz6690]

Natsu There’s this thing called you News you idiot

Natsu same goes if you murder someone.

[@vartilaknovehestum4947]

sbowesuk Only six states out of 43 lottery states have the anonymous winner options. Therefore a wise winner can have a limited trust fund established and the trustee can claim the winnings for them.

[@thiskneegrow]

You can't be anonymous. They force you into the public to claim your winnings.

[@Jotto999]

Better idea: don't be a moron buying lottery tickets. Leave that money in an index fund.

[@leshpar]

I inherited about $25,000 several years back. I used the money to pay off debts and move across the country and start a new life for myself and my husband. We are so much happier now. They money is gone, but my job pays almost double what I was making before we moved across the country and we own a house now. There are most likely far more good stories than there are bad. If it weren't for that money I would not be in nearly as good of a situation as I am today.

[@DavidTimmonsEsq]

Inheritance and lotteries are not the same thing. The former is keeping assets in the family after death (and yeah, people screw this up plenty also); the latter is straight-up gambling. Nothing good ultimately comes from the latter.

[@Gotz_the_iron_hand]

Jack made incredibly bad life choices. My family knew him personally, before the lotto thing. That said, he never deserved the worst of it and his family sure as Hell didn't deserve all the deaths. Drugs are a curse and wealth can be too.

[@DaltonHBrown]

i'm glad you put in so many examples of peoples lives going down the toilet. So often you hear about why its not a good hing ot win and they include like three stories and none as bad as the ones you mentioned.

[@Stunlokked]

everyone should be able to claim anonymously

[@AwesomestGreatestMostestFunny]

A kid in California won $27MIL, he was early 20's --- Moved to Florida, changed his name and enrolled in college to get a degree in finance. Live modest life, APT avg car.....several years later found the love of his life and never told her about his money until after they got married. Follow up, he's still married 10 years later, still has his money in safe investments and some still liquid. They aren't all bad stories.

[@cmndrkool321]

I volunteer preparing income tax for low-income families, and a lot of people blow money on gambling. Had a woman win $15,000 in the slot machines, spent all the money; and somehow it was MY FAULT (never meet this woman before) that she owes the federal government $3,000 due to taxes because "I didn't know what I was doing." I was right, and she never paid.

[@wellesradio]

You play the lottery and you're essentially betting on a three legged horse and praying a bolt of lightning strikes all the other horses as they near the finish line.

[@markfoster1520]

That sounds like a Crazy Cats Eyes response. Jelle's Marble runs.

[@johanmetreus1268]

Jepp. Objective truth, that is still better odds at getting rich than minimum wage job without connections.

[@Nathan-zc4db]

I used to work at a convince store and there wad one guy who came in about every other week who had won 1 million on a lottery a few years back. He said that his extended family turned against him for not giving them money despite the fact before he won they hadn't talked to him in years. He in the end made some "bad investments" under his banks recommendation as he put it and lost all the money. Now he would come into the store every other week orso and buy almost $100 on $20 scratch tickets and I never understood why he did.

[@wfjhDUI]

1:15 That's absolutely heartbreaking. It's utterly twisted how we drive people into financial desperation, dangle a slim chance out in front of them, and then when they take it we turn around and say "See? They're stupid and all their misery is their own fault."

[@ProtonFilms_Mark]

"Shakespeare was near illiterate" is a brilliant succession of words to hear. Also, who else sat there thinking "Well I wouldn't do that if I won". Cause I keep catching myself thinking that.

[@Miltiades77]

I won the lottery in Denmark back in 2004... Today, I am in debt, but yeah, I made all the wrong choices. Fell for the wrong woman, got in a bad crowd, drugs and what not, nearly killed off 4 or 5 times, extorted for money, and false friends who just wanted that. Money. Today, I make a decent living as a chef, can't pay off my debts, but I can live relatively well, have a place to stay, but yeah, I am alone, with just a few friends left, and no girlfriend for years. My family endured a lot of grief, and finally my mom passed away earlier this year. I regret a lot of things, alas, I cannot change any of them, only move forward. I wish I could've been a better man towards my family, and kept them safe, I didn't, so now I just focus on my father, and my jobs. I don't expect any happiness for me in the future anymore. I just live to do my job, and keep my father as happy as I can.

[@bbrinergaming3694]

Jimmy Petersen Hope it gets better!

[@hannahlanai]

Jesus dude, that's rough. It takes a lot of strength to keep going in a situation like that, and I truly hope things get better for you.

[@BassForever44]

And yet, with all and all, you had the insight to come the conclusion that you just live to do your job, keep your pops happy and no happiness. That is actually really fucking wise man. Happiness is overrated after all, and the beautiful thing of not pursuing happiness is that it's actually more likely to happen if one stops to chase it.

[@superleetmegapunx]

One thing I learned from this is that inflation has gone out of control.

[@blackshogun272]

I high-key envy the prices of the 60's 😥👌

[@wanderinghistorian]

When i was a young man and my state adopted the Lottery, people told me the Lottery was an immoral evil, and I laughed at them. I don't laugh anymore.

[@JaceCavacini]

In poverty, on disability, alone. Give me the opportunity to exemplify a smart response to receiving a major financial windfall... Sigh.

[@TRADERSFRIEND]

This is all due to people being required to reveal their identities. If you have the great fortune of winning the lottery, they sure as hell don't want you to enjoy it

[@mikeaskme3530]

@Traders Friend, easy solution to all that, Move and only tell mother, farther and siblings where and make sure you let them know after the initial gift there will be no more.

[@adrianj2666]

A lot of bank employees would sell you to the mafia

[@TRADERSFRIEND]

@@adrianj2666 Why????

[@adrianj2666]

@@TRADERSFRIEND Idk, they may have "their people" in or deals with employeers to look for lotery winners and black-mail them

[@TRADERSFRIEND]

@@adrianj2666 That's why it s good to hire attorney's immediately that can create a trust to keep your identity hidden...Stay safe and Happy Resurrection Day (^_^)

[@Sizukun1]

Today I learned stupid people do stupid things, and those stupid things get really expensive when they have money.

[@Acrolance]

hahaha this is so funny! cuz its true!

[@yahwehsonren]

Sizukun1 indeed,indeed.wise word

[@prasadpkamath]

Quite an in-depth survey!! I appreciate the depth of your research. I consider this one by far as the most well-researched. Kudos and all the best.

[@epowell4211]

People get so weird about money. After 7 years struggle, we finally won our lawsuit (accident claim), and our neighbor - a minister at the church we went to, who knew our whole story - showed such obvious signs of resentment that we quit that church. He knew the amount of our debt, what we had been through, and the amount of medical treatments I'd continue needing for the the rest of my life, but was still jealous because we were able to get out of debt.

[@synicyst9925]

Lotteries are a tax on hope.

[@rotties-rules]

@sbowesuk yeah lets keep punching down on those less fortunate than you, does it make you feel superior to blame poverty on the poor.

[@wingedone6512]

I guess the moral of this story is that if you win the lottery, keep it a secret. @_@

[@TMB247]

OH NO! Don't throw me in that Briar Patch!

[@richardsanchez9190]

I've said it before and I'll say it again. Money doesnt change you, it just brings out who you really are.

[@aaronrussell8362]

My advice for anyone who comes into sudden wealth regardless of source or amount is 1) use it to pay off bills (college, rent, utilities, groceries, taxes, etc.) and any outstanding debts 2) do NOT tell everyone you meet that you have received a lot of money 3) do NOT go on a spending spree regardless of how much money you receive 4) if people ask you for some of the sudden wealth you received respectfully decline even if they are your friends and family 5) make sure you have good money management skills and consult a trusted financial advisor if needed 6) if people tell you NOT to spend too much of the money you just received LISTEN to them or you might run into trouble in the future and 7) always have a job even if you believe you can live off the money you just received. The job will pay off long term even if the money you received runs out. Like this comment if you agree :)

[@saraheerie]

Also, if you don't have a college education, consider investing in your education and going back to school. This too will pay off much more in the long run then a $50,000 car. You'll have a degree, be able to secure a good job and thus ensuring that your future isn't total shit if you're money runs dry for whatever reason.

[@thomasmills339]

Wow. Cant beleive no one else thought of these helpful tips captain obvious.

[@adl805]

@@thomasmills339 well, it seems like they are very obvious, but at the end all the people forget about it

[@johntracy72]

This is what I would do: 1. Pay off outstanding debts including ones that charged off in the past. 2. Set up a retirement account at a brokerage firm. 3. Buy a house, a nice modest 3 bedroom house, not a super expensive mansion. 4. Buy a car, not a high end exotic like a Lambo or Maserati, but a good reliable car like a Toyota Camry or Kia Optima and maybe a late model pickup because I would still recycle scrap metals. 5. I would still buy the house brand groceries at HEB.

[@blackshogun272]

@@johntracy72 I honestly would like to spend a bit on making a nice bunker house in the Appalachian Mountains, a few motorcycles, few hundred gas cans, a shit ton of fireworks and "legal" guns (with ammo), some antique items and yeah that's it. This list makes me seem like I'm a very chaotic person, but I assure you I'm chillest. I just like fireworks, motorcycles and guns. As for the carved out mountain house, I always wanted to live in a custom cave sooooo...

[@ambiguousmartin4593]

This is why I don't play the lotto.

[@gnarthdarkanen7464]

It's practically impossible to con' an honest man. :o)

[@chaoticstorm8145]

StrangeExistence There's nothing wrong with spending a dollar here and there on the lotto, it won't hurt. Don't expect to win, but if you do if you have better financial skills than these people you should be fine.

[@Me-wk3ix]

I'd bank the money and live very simply. Just without having to work. Also, I would not tell anyone that I won.

[@ephennell4ever]

Me ... clue #1 for your friends & relatives: you are *not* working *and* are *not* destitute!

[@killumination87]

This was quite comforting, thank you!

[@dlbattle100]

You should have included at least one unqualified success story, surely there are some.

[@TheBloodyHanded]

David Battle why? the examples Simons giving aren't 'worst case scenarios' in that they're rare, in fact, as he said in the begining of the video, they're the norm. he's giving examples to provide emotional impact to the proof that the lotto is practically always a bad choice. the one win story would give a sense of false hope to people about it

[@dlbattle100]

At least some statistics about how frequent success versus failure would have been nice. Are the examples he gives representative of 90% of lottery winner? Or is it more like the worst 9%. I would like to know.

[@junamboqcg2369]

I'd recommend watching the first 3 minutes again

[@brettpgh3312]

Because you (and everyone else who plays the lottery) is desperate to ignore the statistical reality that it's a trap, so you can focus on the one person who did ok and go, "See? I'll be just like that person."

[@dlbattle100]

I don't play the lottery, and I already have more money than a lot of the "winners" he's talking about. I would just like to see a success story for my own entertainment purposes, that's all.

[@dhaisley]

In the words of the amazing Billy Joel, ‘you can afford to squander, what you’re not prepared to pay.’

[@robtk3]

Hookers and blow FTW! Seriously though... start with two phone calls... a financial adviser (how to receive and invest your winnings) and an accountant (anyone, including friends/family, requesting or begging for money must go through him/her). Delete all contacts in your phone except immediate family/friends (or not), your financial adviser and accountant. Set your phone to only receive calls/texts from your contacts. Move overseas for a year or so until things quiet down.

[@irwinisidro]

Also gotta be careful with "financial advisors" and even lawyers. Some of them were caught taking some money for themselves. He'll it doesn't even help celebrities at times.

[@AnikiDomo]

I always come back to this video whenever someone tries to get me to play the lotto

[@CatsMeowPaw]

I am willing to put myself forward as an experimental guinea pig. Give me US$1M and then test me to see whether I have gone broke or bonkers five years later. After viewing this video it appears many or even most lottery winners end up miserable after their win, so I'm willing to take that risk in the name of science.

[@Kifflom]

Everyone's here telling personal stories and I'm still laughing over the name "Willie Hurt".

[@MzShonuff123]

Shit! Missed that until you wrote it!

[@moonbot7613]

Yeah sounded like William Butt Hurt

[@MrUndersolo]

I did once buy lottery tickets, but I soon realized it was easier to throw my money directly into the toilet.

[@alemirdikson]

A former friend of mine once got $45,000 from a settlement due to a car accident that resulted in his amnesia as a kid. When he turned 18, he got the money, and was penniless less than a year later. I remember one time I was at his house, and he went to the local Kroger for some energy drinks, and came back with a new Xbox... A couple years later, he was my roommate, and we were evicted because he spent all of his and his girlfriend's combined $2,500 tax refund, as well as every single check he ever got, on booze, lingerie, sex toys and a designer purse, and when I bailed him out with my own hard-earned savings - a kindness I spared him only because I didn't want to be homeless again - he spent that also on booze. He and I also both owe my father $6,000, of which he has not paid a cent. Moral of the story: Don't trust somebody who can't handle money. Bonus round: His father stole my wallet which contained $250, my driver's license, and my social security card. I'm now dealing with identity theft, and still haven't been able to renew my license. He also stole a 24 pack of soda, a bottle of vodka, and a bag of rice.

[@jamesmattison6138]

This channel is so fucking good. I've lost hours to it. Absolutely excellent.

[@ThatSpazChick]

James Mattison It’s 3:00 am and I haven’t slept yet. I can’t stop watching. They’re so addictive.

[@isaacoshea]

Only hours? Filthy casual.

[@philurmom7559]

The guy named Shakespeare couldnt read. Hilarious

[@mrsimoncote]

Thank you for your work.

[@ExpendableRedshirt]

It isn't a tax on stupidity. It's a tax on desperation. People are buying a tiny bit of hope.