Take the case of William “Bud” Post. A self-described drifter who was on disability with barely $2 to his name, Mr. Post struck it rich with the winning lotto numbers in the Pennsylvania Lottery. Within three months of collecting his winning, Mr. Post found himself $500,000 in debt and ultimately had to declare bankruptcy. How is that possible just three months after collecting the lotto prize money?
After winning lotto, Mr. Post bought a restaurant in Florida for his brother and sister-in-law, a used car lot for another brother including a fleet of cars and even bought a plan for himself even though he didn’t know how to fly. As if that wasn’t enough, his landlord successfully sued him for a portion of the prize money and, as if from a scene in a Hollywood movie, his brother hired a hit man to kill him in an effort to gain his inheritance. Thankfully Mr. Post was unharmed but it goes to show you that it’s never too early to start thinking about what you would do if you’re the RewardIt Lotto winner.