I think "investing" is probably one of the top ways people lose their lotto money. At 60 million you just need bank interest to be flush but there is a weird urge to make more. People see dollar signs but have no idea at all what risk is.
I ended up owning a farm this summer 115 years after the family bought it, and 5 years after they won a 10 million dollar jackpot. There was a trail of crazy business ideas all over the place. All they had to do was not win the lottery.
My own financial screw up would be buying a way too big ranch and not knowing the cost of maintaining it. I think however I've dealt with enough shady people to not get suckered into anything stupider than buying cows for my big stupid ranch and never selling them because they're all pets.
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