Project 1.5

What happens when you get lots of money all at once?

  Sometimes we can’t decide our lives, maybe we will get millions of money all at once. But we should plan our luck money and don’t waste it. If we spend too much money, we may go bankrupt or be arrested.

Key Word: 1. Money 2. Waste 3. Get Poor Again 4. Windfall

  Example 1

  There is a former NBA star named Antoine Walker. He is a good example that people get millions of money and run out of it. He got more than ninety million dollars by playing basketball for thirteen year. But he run out of them in two years after he retired. He gambled, dated with some bad girls, made some terrible investment and be robbed. His life was so poor that he sold his NBA championship ring. “It is a far cry from his glory days in the NBA, where he was named to the all-star team three times and won a championship in 2006.” He just use a few years make him from a man of wealth to a poor man. But now a days, he ask the youth don’t follow him and begin to plan their money well. He made a documentary named My Road to Redemption and a book tells why he went bankrupt. We can learn a lot from his life.

  Example 2

  Lottery is the easiest way to get money all at once. But lots of persons can’t charge their money well. Michael Carroll got 9.7 million pound sterling and run out of them because of drugs and hookers. Evelyn Adams won the New Jersey lottery twice, in 1985 and 1986, raking in $5.4 million. He is a gambler. “Today the money is all gone and Adams lives in a trailer," writes Ellen Goodstein. Adams got poor again. "So, if you don't win, there's that to be grateful for. If you do win: Get in touch." 

  Example 3

  In China, demolition making people is a special event. We heard that some villages got almost one billion yuan because of demolition. Everyone in one village got at least one million yuan because of demolition. But they wasted their money. Someone gambled, someone made bad investment, someone bought lots of thing. Finally some people can only make living by rent. They became poor again.

  In the end, we should learn a lot from these story. Don’t waste money, make a plan, and so on. Maybe we have a lot of money, but if we don’t make money, we would run out of them. We should make money by ourselves, or we would became poor fast.

Reference

(2012) From player to pauper: How NBA star blew through $110MILLION in just two years and was forced to file for bankruptcy when career ended

Retrieved from:http://www.dailymail.co.uk/news/article-2212074/Antoine-Walker-NBA-star-blew-110MILLION-14-years.html 

Jen Doll, (2012) A Treasury of Terribly Sad Stories of Lotto Winners

Retrieved from:http://www.thewire.com/national/2012/03/terribly-sad-true-stories-lotto-winners/50555/