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

[crimsontactics]

Nothing. Didn’t even get to bet

Haix mybfd Bro Philipkee!

 

[Kanko San]

Another story from SATS Cargo.
A group of 5 persons, every month, shared n buy 100 ticket running nos.
Then one day, a guy said short of money n want out.
He asked Another member to take over his share next month.
The following month, the BS opened 1st Prize.
That guy, had only to blame himself for not contributing that month.
This is called "Ass LUck" bopian.

 

[RunningDwaeji]

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.

Poor people when have money, will spend like how poor people spends

 

[usarmy]

So envy some winning big ticket in life. In my opinion is definitely luck. Can you imagine the guy not winning 500k, yet he caught cancer, fall and scam with his only hard earn saving?


Read HWZ Forum Rules!

 

[crimsontactics]

Another story from SATS Cargo.
A group of 5 persons, every month, shared n buy 100 ticket running nos.
Then one day, a guy said short of money n want out.
He asked Another member to take over his share next month.
The following month, the BS opened 1st Prize.
That guy, had only to blame himself for not contributing that month.
This is called "Ass LUck" bopian.

Wah really not fated to be rich sia Bro Kanko San!

 

[crimsontactics]

Poor people when have money, will spend like how poor people spends

But chiu must understand they really want to spend Bro RunningDwaeji!

 

[crimsontactics]

So envy some winning big ticket in life. In my opinion is definitely luck. Can you imagine the guy not winning 500k, yet he caught cancer, fall and scam with his only hard earn saving?


Read HWZ Forum Rules!

Luck ish very important Bro usarmy!

Chiu got win before?

 

[TrollAndOgres]

Yeah sia can easily secure a house Bro TrollAndOrges...

Ya, actually can use that money as downpayment for a condo or even set aside to pay hdb off.

 

[singed]

At least he spend finish his 500k

My condolences.
When he passed? Recently?

2020

So what’s his age?
He is 33 when 2015?

He born btw 1980-83

 

[RunningDwaeji]

But chiu must understand they really want to spend Bro RunningDwaeji!

ya exactly lor, spend for a moment and go back reality. spend 10-20k like water, but end up saving 10-20 dollars through grab.

Its really sad but thats the only way they will learn.

 

[crimsontactics]

Ya, actually can use that money as downpayment for a condo or even set aside to pay hdb off.

HDB can liao Bro TrollandOgres!

Chiu Bro or Sis?

 

[crimsontactics]

ya exactly lor, spend for a moment and go back reality. spend 10-20k like water, but end up saving 10-20 dollars through grab.

Its really sad but thats the only way they will learn.

Moi dun like paying for school fees Bro RunningDwaeji!

 

[Forever84]

Funny the people who win always don't know how to manage money.

I also got old friend win about 600-800k I think, he buy 2nd hand sports car, go casino, still hao lian to me say he no need work laio etc.

End up I heard he lost all the money to casino and some Kanna scam into investing in some crap business

 

[NardinJohn]

Poor people when have money, will spend like how poor people spends

wa this one I agreed ! two hands up ...

 

[crimsontactics]

Funny the people who win always don't know how to manage money.

I also got old friend win about 600-800k I think, he buy 2nd hand sports car, go casino, still hao lian to me say he no need work laio etc.

End up I heard he lost all the money to casino and some Kanna scam into investing in some crap business

Why he no treasure that $600k Bro Forever84?

 

[d5dude]

He is lucky to be alive, money can always make back.

 

[Forever84]

Why he no treasure that $600k Bro Forever84?

He honestly really thought that money will last him forever. It's quite funny everytime I recall that conversation.

If he wisely invested that money maybe it will last him long time la.

But he actually sound like the guy in the article lol.

He buy car, went drinking a lot, go casino. If u no work u only spend money ma

So everyday spend spend spend, few years no more laio.

He also driving grab now, funny sia maybe this article is him

 

[NintendoSwitch]

for those who dont know how to manage money, give them 100m also will blow it away
most have a very low level of financial literacy

He could have become loan fish and 10x his winnings.

 

[crimsontactics]

He is lucky to be alive, money can always make back.

How to make back Bro d5dude?

 

[crimsontactics]

He honestly really thought that money will last him forever. It's quite funny everytime I recall that conversation.

If he wisely invested that money maybe it will last him long time la.

But he actually sound like the guy in the article lol.

He buy car, went drinking a lot, go casino. If u no work u only spend money ma

So everyday spend spend spend, few years no more laio.

He also driving grab now, funny sia maybe this article is him

Why he so stupid de Bro Forever84?

Why he no put inside CPF?