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How many of us have fantasized about winning the lottery? Some, I imagine, think about all the things they would buy. Others, perhaps, are more wary of it, viewing it as a curse, remembering Hurley's fate from the 2004 hit show Lost.

The chances of winning a lottery are slimmer than being struck by lightning. Yet people still buy lottery tickets every week and hope that it's their lucky chance. Some do win, and, contrary to popular belief, only a minority go broke. There's a false statistic going around that 70% of lottery winners go bankrupt after a few years. In reality, a lot of those lucky people manage their finances well enough to build a comfortable life.

One of those lucky people, a netizen under the username u/SingleFinance1258, recently did an "Ask Me Anything" (AMA) on Reddit and shared what life has been like a year after their win. Bored Panda has compiled the most interesting questions and answers for you to check out and to reject the myth that all lottery winners go bust.

Image credits: SingleFinance1258

#1

Screenshot of a Reddit conversation about the experiences of a person who won $7M in the lottery.

SingleFinance1258 Report

kdsaslep
Community Member
1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

Very good advice! Thank you!

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    #3

    Screenshot of an online conversation discussing what life is really like for a person who won $7M in the lottery.

    SingleFinance1258 Report

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    #5

    Screenshot of a conversation where a person who won $7M in the lottery explains their investments and spending.

    SingleFinance1258 Report

    Wang Zhuang
    Community Member
    1 month ago (edited) Created by potrace 1.15, written by Peter Selinger 2001-2017

    300K on college funds, ugh :-( edit: I misunderstood. The 300k was money he set aside so his sister and cousins could go to college. That's awesome!

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    #6

    Reddit conversation where person who won $7M in the lottery shares how their life and daily routine changed a year later.

    SingleFinance1258 Report

    #7

    Screenshot of a Reddit conversation discussing the experience of a person who won $7M in the lottery and life changes a year later.

    SingleFinance1258 Report

    #8

    Screenshot of a social media conversation about a person who won $7M in the lottery discussing life changes and privacy.

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    #9

    Screenshot of a social media conversation about managing money and investments after winning $7M in the lottery.

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    Wang Zhuang
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    I remember watching a documentary about lottery winners where this guy won millions, or something like that. If I recall correctly, he choose not to invest in the stock market. Instead, he just put it all in a savings account and simply lived off the monthly interest accumulated, which turned out to be $20,000 or so.

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    #10

    Reddit user who won $7M in the lottery discusses helping family and moving from a condo to a house a year later.

    SingleFinance1258 Report

    #11

    Comments from a person who won 7M in the lottery describing shock and adrenaline rush after winning.

    SingleFinance1258 Report

    kdsaslep
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    I can only imagine what that must be like!

    #12

    Lottery winner shares experience playing regularly and what life is like a year after winning $7M in the lottery.

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    #13

    Reddit user discussing challenges and realizations from a person who won $7M in the lottery one year later.

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    #14

    Reddit user who won $7M in the lottery shares life changes a year later, including travel and buying a Lamborghini.

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    #16

    Screenshot of a Reddit conversation discussing life and purpose after winning $7M in the lottery a year later.

    SingleFinance1258 Report

    kdsaslep
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    Make your own job! Start a company!

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    #17

    Screenshot of online comments discussing quitting work after winning $7M in the lottery, sharing life experiences a year later.

    SingleFinance1258 Report

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    #18

    Reddit conversation with person who won $7M in the lottery sharing travel experiences and life updates a year later.

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    #19

    Screenshot of a social media exchange featuring a person who won $7M in the lottery discussing life updates.

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    #20

    Screenshot of an online conversation featuring a person who won $7M in the lottery discussing life a year later.

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    #21

    Screenshot of a conversation about a lottery winner sharing how life changed a year later after winning $7M.

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    #22

    Reddit conversation about lottery winner’s experience with investments and dating life a year after winning $7M.

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    #23

    Reddit user shares experience a year after winning $7M in the lottery, discussing changes in relationships and attitudes.

    SingleFinance1258 Report

    #24

    Reddit user who won $7M in the lottery shares car upgrades and life changes one year later.

    SingleFinance1258 Report

    TCW Sam Vimes
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    Last thing I would buy is a metal d**k enlargement

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    #25

    Screenshot of an online conversation about travel goals shared by a person who won $7M in the lottery one year ago.

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    #26

    Reddit conversation showing a person who won $7M in the lottery discussing their investment focus in tech stocks and ETFs.

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    #27

    Reddit user who won $7M in the lottery shares about buying motorcycles and life changes a year later.

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    #28

    Screenshot of a Reddit conversation discussing the national lottery and number draw game details.

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    #29

    Screenshot of an online conversation about a person who won $7M in the lottery discussing their ticket buying habits.

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    #30

    Screenshot of an online conversation where a person who won $7M in the lottery discusses giving money to family.

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    #31

    Screenshot of a social media exchange discussing experiences of a person who won $7M in the lottery a year later.

    SingleFinance1258 Report

    Natalia
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    Thank God they censored that terrible word, "pick" 🙄

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    #32

    Screenshot of a social media conversation showing a person who won $7M in the lottery discussing travel experiences.

    SingleFinance1258 Report

    #33

    Screenshot of a conversation where a lottery winner discusses confidence, spending habits, and favorite travel destination Bali.

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    #34

    Screenshot of an online discussion with the person who won $7M in the lottery sharing thoughts a year later.

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    #35

    Screenshot of an online discussion about taxes on lottery winnings by a person who won $7M in the lottery.

    SingleFinance1258 Report

    #36

    Reddit user sharing purchases including Ducati, house, and Porsche after winning $7M lottery, reflecting on life changes.

    SingleFinance1258 Report

    #37

    Reddit user discussing how a person who won $7M in the lottery grew their wealth and changed investment strategies.

    SingleFinance1258 Report

    nottheactualphoto
    Community Member
    1 month ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    I have in my head the notion that Palantir is one of those Evil Corporations.

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    #38

    Online conversation about financial desires from person who won $7M in the lottery and their thoughts on net worth goals.

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    #39

    Screenshot of a Reddit conversation about risk-taking and life after winning $7M in the lottery, reflecting on wealth and caution.

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    #40

    Screenshot of an online discussion about lottery strategies featuring a person who won $7M in the lottery.

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    #41

    Screenshot of a social media comment thread discussing living in a high cost of living area after winning the lottery.

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