Unit 8 reading
MONEY : A Blessing or a Problem ?
There's a great deal of truth in the saying "A fool and his money are soon parted." For some people, winning millions in lottery is the answer to their problems, but the reality is more like a nightmare for other. The money can strain relationships with family, friends, and neighbors, and can even eventually end in bankruptcy. It's often very hard for a lottery winner to handle the pressure and all those millions.
Most lottery winners are not used to having money and making financial decisions. They are vulnerable and become easy prey to people who want to take advantage of them. Winners may lose large sums on investments they know nothing about, or they might go in with a partner who may not know how to run a business.
William "Bud" Post won $16.2 million in the lottery. "I wish it never happened. It was totally a nightmare," says Post. He tried to help his family, but things didn't work out. A brother was arrested for trying to kill him, hoping to inherit part of the money. Post went into a car business and a restaurant with his children, but the two ventures were failures. He eventually went broke, and now he lives on $450 a mouth and food stamps.
For many people, sudden money can cause more then financial disaster. The most notorious case of poor use of lottery money in recent time is that of Michael Carroll, Known in Britain as the Lotto Lout, who won £9.7 million ($17.1 million) in the national lottery at the national lottery at the age of 20. Michael spent almost his entire fortune in 18 months on four homes, a holiday villa in Spain, two convertible BMWs and two Mercedes Benz cars, several quad bikes, and a stake in a soccer team.Sometimes money can make people insane, but that isn't the case with Michael Carroll. He was a nuisance before, and decided to continue being a nuisance. Michael has been in constant trouble with the law, and has paid thousands of dollars in fines for vandalism. Reports say that he is nearly broke.
unit 8 reading
money: a blessing or a problem?
there's a great deal of truth in the saying "a fool and his money are soon parted.". for some people, winning millions in lottery is the answer to their problems, but the reality is more like a nightmare for other. the money can strain relationships with family, friends, and neighbors, and can even eventually end in bankruptcy.it's often very hard for a lottery winner to handle the pressure and all those millions.
most lottery winners are not used to having money and making financial decisions. they are vulnerable and become easy prey to people who want to take advantage of them. winners may lose large sums on investments they know nothing about,.or they might go in with a partner who may not know how to run a business.
william "bud" post won $ 16.2 million in the lottery. "I wish it never happened. It was totally a nightmare," says post. he tried to help his family, but things didn't work out. a brother was arrested for trying to kill him, hoping to inherit part of the money.post went into a car business and a restaurant with his children, but the two ventures were failures. he eventually went broke, and now he lives on $ 450 a mouth and food stamps.
for many people, sudden money can cause more then financial disaster. the most notorious case of poor use of lottery money in recent time is that of michael carroll, known in britain as the lotto lout, who won £ 9.7 million ($ 17.1 million) in the national lottery at the national lottery at the age of 20. michael spent almost his entire fortune in 18 months on four homes, a holiday villa in spain, two convertible bmws and two mercedes benz cars, several quad bikes, and a stake in a soccer team.sometimes money can make people insane, but that isn. 't the case with michael carroll. he was a nuisance before,
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Unit 8 reading
MONEY : A Blessing or a Problem ?
There's a great deal of truth in the saying "A fool and his money are soon parted." For some people, winning millions in lottery is the answer to their problems, but the reality is more like a nightmare for other. The money can strain relationships with family, friends, and neighbors, and can even eventually end in bankruptcy. It's often very hard for a lottery winner to handle the pressure and all those millions.
Most lottery winners are not used to having money and making financial decisions. They are vulnerable and become easy prey to people who want to take advantage of them. Winners may lose large sums on investments they know nothing about, or they might go in with a partner who may not know how to run a business.
William "Bud" Post won $16.2 million in the lottery. "I wish it never happened. It was totally a nightmare," says Post. He tried to help his family, but things didn't work out. A brother was arrested for trying to kill him, hoping to inherit part of the money. Post went into a car business and a restaurant with his children, but the two ventures were failures. He eventually went broke, and now he lives on $450 a mouth and food stamps.
For many people, sudden money can cause more then financial disaster. The most notorious case of poor use of lottery money in recent time is that of Michael Carroll, Known in Britain as the Lotto Lout, who won £9.7 million ($17.1 million) in the national lottery at the national lottery at the age of 20. Michael spent almost his entire fortune in 18 months on four homes, a holiday villa in Spain, two convertible BMWs and two Mercedes Benz cars, several quad bikes, and a stake in a soccer team.Sometimes money can make people insane, but that isn't the case with Michael Carroll. He was a nuisance before, and decided to continue being a nuisance. Michael has been in constant trouble with the law, and has paid thousands of dollars in fines for vandalism. Reports say that he is nearly broke.
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8
MONEY Unit reading: A Blessing or a Problem?
There' s a great deal of truth in the saying "A fool and his money are soon parted." For some people, winning millions in lottery is the answer to their problems, but the reality is more like a nightmare for other. The money can strain relationships with family, friends, and neighbors, and can even eventually end in bankruptcy.It' s often very hard for a lottery winner to handle the pressure and all those millions.
Most lottery winners are not used to having money and making financial decisions. They are vulnerable and become easy prey to people who want to take advantage of them. Winners may lose large sums on investments they know nothing about,or they might go in with a partner who may not know how to run a business.
William "Bud "Post won $16.2 million in the lottery." I wish it never happened. It was totally a nightmare," says Post.He tried to help his family, but things didn' T work out.A brother was arrested for trying to kill him, hoping to inherit part of the money.Post went into a car business and a restaurant with his children, but the two ventures were failures. He eventually went broke, and now he lives on $450 a mouth and food stamps.
For many people, sudden money can cause more then financial disaster. The most notorious case of poor use of lottery money in recent time is that of Michael Carroll, Known Britain as in the Lotto Lout, who won £9.7 million ( $17.1 million) in the national lottery the national lottery at at the age of 20. Michael spent almost his entire fortune in 18 months on four homes, a Holiday Villa in Spain, two convertible BMWs Mercedes Benz and two cars, several quad bikes, and a stake in a soccer team. Sometimes money can make people insane, but that ISN t the case with 'Michael Carroll.He was a nuisance before,and decided to continue being a nuisance.Michael has been in constant trouble with the law, and has paid thousands of dollars in fines for vandalism. Reports say that he is nearly broke.
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