A 33 year old Singaporean man won S$500,000 from Big Sweep and lost it all in 5 years! :'(

[crimsontactics]

At least he can enjoy, but dumb enough to fall for scams. Should have just invested in stock market instead.

Yeah sia jin wasted Bro magna_strike...

Might as well go JB instead of giving to that religious man!

 

[Jeremy1]

$500K if you know how to trade n invest can easily become millions of dollars.

But then at least he enjoy his windfall.

 

[Money no have]

500k so little.

Actually nowadays lottery also no use. So little.

Is like those Nobel prize winners. Still only win $1m. And if joint winners have to share the $1m with however many joint winners.

Nobel prize winner for $1m?

Go do finance better. WTF do research all for measly $1m or few hundred k only.

And it is in sgd bro. Not even usd.
Even $1m sgd is also only $700k usd not even close to $1m

 

[Money no have]

$500K if you know how to trade n invest can easily become millions of dollars.

But then at least he enjoy his windfall.

All in btc. Or even as our own hero invest in broadway now also can hhave 7 figures

 

[Zinna]

500k so little. flip BTO can earn more nia

 

[Loratadine10mg]

https://www.asiaadvisersnetwork.com...Grab-driver-blew-through-his-lottery-winnings

Someone walked away S$9 million dollars richer in Singapore after the recent lottery draw results. But is it luck or a curse? Here's a timely reminder on the importance of money management as we learn from the experience of someone who blew through his lottery winnings and is back working as a Grab driver.

Singapore Pools, the state-owned lottery subsidiary company in the lion city, announced the results to its Toto lottery draw on 27 February. And there was one winning ticket for the grand prize of S$9,310,169.

Wow!

I’m sure you must have heard of objections from prospects or even your clients sharing with you their hopes of striking the lottery to put aside all their financial worries.

Even as they continue to dream and hope for a lottery win, it is important that they put in place a financial plan and enhance their personal financial literacy to cultivate good money habits with you.

You can find plenty of examples doing a quick search about lottery winners in the US with unbelievable amount of winnings who end up broke again.

Well, here’s a story closer to home in Asia that you can share with them.

“I won the big sweep. 2nd prize. $500k”

Earlier this year, Ian Isaiah Ding recounted his conversation with the driver on his Grab ride in Singapore.

While chatting, the driver Mr Teo shared what Ian described as “the most fascinatingly mind-blowing story” he has heard.

Mr Teo shared, “I won the big sweep. 2nd prize. $500k.”

According to Ian, Mr Teo:

• quit his job with immediate effect
• took his dad on a holiday to Taiwan, where he spent $20k on business class flight, food, and experiences
• took the next 45 consecutive days to drinking expensive hard liquor at his regular club

Unfortunately for Mr Teo, after the 45th night of drinking, when he got up to shower the next day, he slipped and fell in the bathroom and fractured his spine.

At the hospital, the MRI scans showed that he also had 3rd stage brain cancer.

And the driver showed Ian the photo proof of the letter of diagnosis as well as his X-Ray images.

Fortunately for Mr Teo, he didn’t have to worry about his medical bills as 90% of the bill was covered by his hospitalisation insurance plan and all his surgical costs were covered, including the two spinal implants at his neck.

So how did he spend the more than $300,000 that he was left with?

Mr Teo lost another $100,000 at the casino and was scammed some $100,000 by someone in a Chinese temple for two years.

The rest was spent without much thought to pass time.

“This year is my 5th year. In March, the doctor will declare me clear of cancer. But the money ran out already, so I have to come out and drive grab,” said Mr Teo.

The incident happened five years ago when Mr Teo was 33. Now he is only 38.

And the driver has replied to collaborate the story and gave further details

“I check 6 times to double confirm the number before collecting it the next day, lol I spent 7k on 5days trip in Taiwan and business class air tickets was at 15k only, I spent 100k on drinking Gordon blue, Martell Chivas and beer, I lost 28k in casino anyway we got a common friend, so he text me what u send online.”

“I got scammed by a chinese medium 130k after 2years which I confirm 2 times at the temple I strike is basically out of luck but the ??? help me strike 1st prize 70k, ???? help me strike 12500 when I was in hospital. really damn funny”

As Ian rightly pointed out, Mr Teo won the money, but we can all gain the lessons from his experience. So can your prospects and clients, when it comes to financial literacy and sound money management habits.

That is not true.

He didn't account a big chunk of some money which he spent on women.

 

[dambio]

Can't fight statistics n human nature

 

[cyke69sg]

And it is in sgd bro. Not even usd.
Even $1m sgd is also only $700k usd not even close to $1m

Nowadays if dont have $5m cash is considered poor.

Poor like me should just drop dead and die

 

[Evil_Boss]

Put in ETF, this 500 become 1m le

 

[Money no have]

500k so little. flip BTO can earn more nia

Exactly bro.

it is no small amount but if anyone think is huat tio “F u money” is really a fool.

 

[wongminmin]

same age as Bro Crimson. Bro Crimson going to get rich soon!!!

 

[Lchlch]

Really got such thing ah Bro Lchlch?

Yes bro.
Cos dnt hv such big luck.
Many years back, I heard, one uncle won a condo...
Following day, he up lorry.

 

[Money no have]

Put in ETF, this 500 become 1m le

The article was published in 2020. So should be around 2015 he tio.

if he investsd until now i believe can have $5m at least

 

[Money no have]

Gorxh any successful story mah ?

our fellow edmwer won $8 million leh.

Paging ah huat @cosmothecat

 

[RandomPancake]

It’s luck for sure, even if he wasted the money, he got to enjoy the money which is an amount that he will never have unless he won the lottery. He still benefitted from it

 

[li9ht5peed]

ever saw mainlanders betting $100k a hand in rws. out of their generosity, one chinese guy passed me a NN $1000 chip to play along. you must win in order to encash that NN chip. was lucky and caught a dragon. exited $1k richer but i wasn't hooked on baccarat. i don't think i have addiction genes other than maybe having gummy bears

 

[deathan9el]

too comfortable w/ the huge windfall, any other plans to use it wisely went down the drains until that last dollar

 

[rammsteinfansg]

If won 500k , is faster put in cpf SA like @crimsontactics bro

 

[crimsontactics]

Can we confirm he won't slip or get cancer if he had not won the 500k? We can't.

So it's luck and not a curse

Moi jin scared cos moi won $150k before Bro fortunecat...

 

[crimsontactics]

said before, strike big suddenly, need to exchange for something one.
he lost his health and job in exchange for the win. others lose something else like friends and family.
some lose their sanity. some worse, their lives.

Moi jin scared Bro 0218crawford...

Moi won $150k before...

But 5 years liao haven't kenna anything yet...