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

[KPO_SAHM]

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.

Same for my hubby Gugu ...ah ma left a huge sum of inheritance in 2007 (at least $1m cash ) to Gugu. She is super addicted to jackpot in cruises. Lost all money even till today she still kanan " free trips " Genting cruise every now n then. Since it's "free" she will go.

 

[Loratadine10mg]

What can we do Bro dambio?

Buy some more buy until at certain age. U stop Becos no money can buy Back health and u have money u can't even travel or do exciting things

 

[Comage]

Yeah haven't we all heard of that weird-ass story:
- Posted on some weird domain alternate mainstream media "news" website
- Person telling the story "heard" it from a "Grab" driver
- Guy steps foward, "posts" his account on Facebook.
- Guy works as as a financial consultant - and is telling a "story" about "financial management"



Yep - if it's on the Internet, it must be true.

 

[0218crawford]

Same for my hubby Gugu ...ah ma left a huge sum of inheritance in 2007 (at least $1m cash ) to Gugu. She is super addicted to jackpot in cruises. Lost all money even till today she still kanan " free trips " Genting cruise every now n then. Since it's "free" she will go.

yep. jackpot machines like short vids....put player into a sort of hypnotic trance. never lose all, wont leave seat. cant even bother with toilet break and makan.

 

[AngelRomeo]

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.

kum lan, 500k is not alot
if me i win 500k i also wont resign

 

[TehSi99]

not just financial literacy, low EQ and average IQ means they cannot manage wealth because the average joe just doesnt get that kind of education from public schools.

They is why they are called public schools.

 

[BuZhiDaoLeh]

500k nia quit job with immediate effect, really is kumgong.

5M maybe still can survive on the interest if never anyhow spend.

 

[helloicanseeu]

kum lan, 500k is not alot
if me i win 500k i also wont resign

500k jiak cai png cannot finish one leh

 

[TehSi99]

kum lan, 500k is not alot
if me i win 500k i also wont resign

Really low IQ. If spend 5k a month, 500k only last you 8 years. And only 33, quit job immediately?

 

[helloicanseeu]

500k nia quit job with immediate effect, really is kumgong.

5M maybe still can survive on the interest if never anyhow spend.

He low EQ and iq, making drastic changes to lifestyle because of windfall is a bad sign of things to come.

 

[administrator88]

500k not a lot if u blow 2 pax biz class

 

[AngelRomeo]

Really low IQ. If spend 5k a month, 500k only last you 8 years. And only 33, quit job immediately?

thats why i said stupid way of doing, ruin career, is it worth it

 

[Jeremy1]

But he dunno how to Bro Jeremy1!

Ar least he is still young and enjoy his $$$ spend.

Who's know maybe he will strike again

 

[crimsontactics]

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

Moi want a huge windfall Bro deathan9el...

 

[nogizaka46]

There’s a reason why these people will never be successful even if you give them 1mil.

They simply lack personal financial management skills.

 

[crimsontactics]

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

Not enough space to put inside Bro rammsteinfansg!

 

[0218crawford]

if person earns just 3K a month, 500K is a lot of dole. some more 5 years ago when chicken rice basic can still be had for 2.50.

 

[crimsontactics]

Go for it bro. I have yet to see anyone in finance not doing well. All so f ing rich.

One day can make $300k trading using margin account.

Money so easy to earn in SG Bro cyke69sg!

 

[begintoend]

500k and got him the ups and downs

seriously guys....
no one know if its better or worse for him what he did with his prize
he has related his experience
it is a lot to go through even without the main focus on biz class trips and alcohol binge.

 

[Reborn]

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.

u win $500 000. I think u will also spend all of it at bluewave in JB.