There was a story in a London newspaper today of a former £150-a-week Hospital Porter who won £10m lottery money. He is now reported to looking for job because he is bankrupt after losing fortune on football and cars. The former millionaire has had to sell houses, cars and other luxury items but still he owes £2.1m to the Royal bank of Scotland.
This is not an uncommon story of “rag to riches to rag“. It is well known that many people think having money is the ultimate. For me being educated financially is important. My father has always told me to invest time before investing money in anything. “Know before you go”.
For anyone who is not financially educated (or intelligent), millions to him or her will be like a loaded gun to a child. He would not know that what s/he has, if not handled properly, can hurt him or her
Learn to know how money works, get a bit of financial education, so that when money comes, you will control it instead of the other way round. You may want to begin your financial education here.
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