A 24-year-old man who just won the lottery has shared how his family decided to ‘cut him off’ after he told them that they are not getting anything from it.
He took to Reddit and explained that he and his wife purchase a lottery ticket monthly until they got extremely lucky.
“We won big. After the lump sum fee and taxes, we won around $5.6 million,” he wrote.
After they paid off their debts, like mortgage, car finance, and student loans, they were left with around $5 million.
“In case you don’t know 70 per cent of lottery winners go broke after a few years,” he said.
But because he was working in finance, he wouldn’t let himself become a part of that 70 percent.
“What we did was invest 3 million in a combination of mutual funds, REITs, and preferred stock funds for a very steady hands-off extremely low-risk solid return approach,” he continued.
“With the 2 million we ended up buying a 5-million-dollar apartment complex that cashflows and will give a high return with low risk,” the lottery winner went on.
When he told his family about the incredible news, he thought that they would be happy and excited for him and his wife.
“They started talking about a huge family trip, how I was paying for all their debt, and more,” he said.
So he told his family that he would not give them any of his winnings.
“I explained 5 million is a lot but not enough where I will be giving it away to family and they got p***ed. They said I wasn’t welcomed in this family and that I shouldn’t ever talk to them again.”
He is now asking people whether he was doing the right thing.
One person commented: “Your family has shown you that blood is not thicker than money.”
Another wrote: “I’d just be happy for one of my family members to be able to enjoy life outside of the rat race. Most of us just work till we die.”
A third said: “You’re no longer welcome in the family because you didn’t give them your money? The entitlement is nauseating.”
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