The Lottery's RICH to BROKE Pipeline

Video Description

From rich to broke just like that... || Get your first purchase from Blueland for 15% off by clicking my link https://www.blueland.com/caranicole2! 🎥 More about this video: “If I won the lottery…” It’s always fun to daydream about hitting the jackpot. And a lucky few actually get to live that dream! But for some of those blessed and highly favored winners, those dreams can easily turn into a nightmare with just a few poor financial decisions. So what does it take to flip your luck completely upside down? Let’s talk about the pitfalls of sudden windfalls and what wisdom we can take away. We may not all become millionaires, but there’s always a lesson or two to be learned when it comes to money. Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays! 🔍 Resources mentioned: - Lottery winner Michael Carroll who blew £10m - but has no regrets: https://www.mirror.co.uk/news/real-life-stories/lottery-winner-michael-carroll-who-31698429 - £9.7m lottery winner Michael Carroll lost all of his money in just eight years: https://www.ladbible.com/news/uk-news/michael-carroll-lotto-win-money-bankrupt-404130-20230721 - Research Statistic on Financial Windfalls and Bankruptcy: https://www.nefe.org/news/2018/01/research-statistic-on-financial-windfalls-and-bankruptcy.aspx - Video Essays on Money, Media, & Society: https://www.youtube.com/playlist?list=PLwBDOElnDYbn9pXLf4MngslJoHA4Wygzh - Michael Carroll’s spending: https://www.thesun.co.uk/news/8402541/how-national-lottery-lout-michael-carroll-blew-9-7m-pounds/ - The Oxford Handbook of Impulse Control Disorders: https://academic.oup.com/edited-volume/34532 - Effective Strategies for Teaching Impulse Control to Children: https://www.cceionline.com/effective-strategies-for-teaching-impulse-control-to-children/ - Adolescent Risk Taking, Impulsivity, and Brain Development: Implications for Prevention https://pmc.ncbi.nlm.nih.gov/articles/PMC3445337/ - He won the lottery and his brother hired a hitman to kill him: https://en.as.com/latest_news/he-won-the-lottery-and-his-brother-hired-a-hitman-to-kill-him-n/ - The Predatory World of Pig Butchering Scams: https://www.youtube.com/watch?v=Rifbgr08UzI - If you win the Mega Millions $1.1 billion jackpot don’t tell your friends, advisers warn: https://fortune.com/2023/01/10/mega-millions-lottery-jackpot-winner-do-not-tell-friends-or-family-experts-warn/ - Celebrities Have A Money Problem: https://www.youtube.com/watch?v=rek5CKE0yjs - Nicolas Cage blew $150 million on a dinosaur skull, pygmy heads and 2 European castles: https://www.cnbc.com/2019/08/09/why-nicholas-cage-blew-150-million-dollars-on-a-dinosaur-skull-and-two-castles.html - Reddit post for Nicolas Cage’s spending: https://www.reddit.com/r/todayilearned/comments/1ar8olj/til_that_nicolas_cage_spent_150_million_on_15/ 💌 Want to support the channel? Here are a few ways!: - One-time donation: https://www.buymeacoffee.com/cara.nicole - Join my Patreon: patreon.com/caranicole - My Etsy (budget spreadsheets!): https://www.etsy.com/shop/FinancialFreedomGirl?ref=profile_header 🎥 Check out some of my other videos! 🎥 - The Predatory World of Pig Butchering Scams: https://www.youtube.com/watch?v=Rifbgr08UzI - ‘Fake Rich Flexing’: Celebrity Edition! https://www.youtube.com/watch?v=faF5XPlCsKQ - Celebrities Have A Money Problem: https://www.youtube.com/watch?v=rek5CKE0yjs - Will Lucky Girl Syndrome Make You Rich or Broke? https://www.youtube.com/watch?v=C3wapy5DalY Time Stamps: 1:28 Chapter 1: Falling into the lottery to broke pipeline? 5:38 Blueland 9:10 Chapter 2: The Lottery Curse 11:16 Chapter 3: Lottery Lessons Keywords for some sweet, sweet metadata: Personal finance, money management, deinfluence, deinfluencing, budgeting, budget, credit card, debt, culture, hauls, video essay, video analysis, social media, tiktok, instagram, Pinterest, materialism, overconsumption, consumerism, climate change, shopping, spending money, viral, influencers, cara nicole, money mistakes, investing, investments, retirement, saving, lottery winner, financial mistakes, money mistakes