I generally agree with you, but I'm somewhat convinced windfalls are hard to manage for both rich and poor. This is because it has less to do with poor decision

I generally agree with you, but I'm somewhat convinced windfalls are hard to manage for both rich and poor. This is because it has less to do with poor decision making and more to do with the new target on your back. You are now a wounded sheep with hungry predators all around you (in the form of family, friends, thieves, lawyers, etc). I first ran across this idea when I read a reddit thread mentioning Jack Whittaker [1]. Jack Whittaker was a rich dude who won the lottery (net worth $15M before winning). His life has been a trainwreck since. I don't know if he's lost it all yet - my main point is to suggest that the public nature of lottery sets you up for failure and has less to do with competence than you might guess. [1] https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/ https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the...