Wise words there.Originally Posted by simontibbett
Imagine people who get paychecks for $10,000+ or even salaries or $200,000 per year. Even millionares....they don't splooge their earnings (usually). They have structured financial planning.
Keep in mind the average lotto winner usually go bankrupt within the next 5 years of their total lump sum winnings. If you come into a quick large some of money (large being relative as to what that person is used to making on average) It's best to ignore any spending options but rather look into investing in something where you can make your money back or ignore it and save as the person I quoted stated.
How do you think they get to that level of handling 100k+ Salaries? Financial discipline.
Just put like $100 to the side and think of it as some good gas money to cruise around with your friends or get some beer and relax. Low cost and saving the rest responsibly for a true time of need is my .02
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