One of the national weeklies carried a story on a man from Durban who won R10 million and within five years he lost it all.
Research shows that up to 70% of lottery winners lose or spend all of their money in five years or less.
With high amounts of personal indebtedness and small businesses going into liquidation in huge numbers just what is it that causes people to crash into financial problems.? Some pay their debts off but end up in catastrophic financial trouble again. Continue reading “How come Lotto winners lose their money so quickly?”
