If you are rich, arrogance would be your downfall
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Just wanted to share this 2 articles from TNP with U people...
Source : http://newpaper.asia1.com.sg/news/story/0,4136,161996,00.html?
HE does odd jobs to make ends meet, claims welfare benefits and lives in a £15 ($40) a night guesthouse.
It's all gone now: Ex-British soldier Peter Kyle, who hit the lottery jackpot of £5.1 million, is seen here in an undated screen grab with his wife and son. It's hard to believe that just three years ago, ex-British soldier Peter Kyle hit the lottery jackpot of £5.1 million.
Today, the 55-year-old divorcee has squandered all his winnings and is virtually destitute, reported The Daily Mail. It is claimed he also owes money.
A source told The Daily Mail that Mr Kyle lost his money after making a string of ill-advised investments.
He now lives in a budget guesthouse where he earns his board and lodging by doing odd jobs for the owner.
The source said: 'He had a golden opportunity to turn his life around - and then blew it. He took some bad advice from bad people and handed his money over too readily to them.
'Now he's got nothing and even owes cash.'
Mr Kyle won his fortune in February 2005 and splurged on a £550,000 house, a £40,000 Mercedes, a £40,000 Range Rover and another vehicle. He also gave money to his two children, aged 23 and 14.
Mr Kyle has refused to talk to the British media.
These days, the former Royal Artillery gunner calls a £15-per-night guesthouse in his hometown of Plymouth home. It is next to a sex shop and opposite a tattoo parlour.
A source told The Sun: 'Pete has been working at the hotel for a few months just to get by. He has his own room, marked private, and he spends a lot of time there.
'He shuffles around and cooks breakfast for the punters and is a general dogsbody for the owner.'
Reports say Mr Kyle has been claiming benefits for several months, and in January, an anonymous creditor secured a county court injunction against him in Northampton for £590.
The huge house he used to own on the outskirts of Plymouth has been repossessed, say neighbours.
The current owner is believed to be a builder who did work for Mr Kyle on the property but was not paid - and later negotiated a deal to buy it.
But some ex-neighbours of Mr Kyle believe he got his just desserts.
Said Ms Moira Johnson, 50: 'Some people do get what they deserve - he really is a nasty piece of work. I had a run-in with him once when a friend of mine was stuck and I needed to take them a car battery charger.
'I knocked on his door and he started screaming blue murder at me right in my face, calling me every name under the sun. His language was appalling. No one liked him around here and everybody had had some run-in with him at some stage. We were very glad when he left.'
Mr Kyle has also been accused of refusing to give financial support to four of his siblings. They suffer from Huntington's disease, a rare genetic disorder which attacks the neurological system.
His ex-neighbours also described him as an arrogant spendthrift when he first won the lottery.
Said one neighbour: 'He was very into his flashy cars.
'This is a narrow private road and normally neighbours wait and let each other pass, but he would always barge down and force you to reverse. He was arrogant and foul-mouthed - not a very nice man at all.
'I sensed he was a bit of a loner, though. There weren't many visitors and I think he was single.
'It doesn't surprise me that he has lost his money, because he did a ridiculous amount of pointless building work and drove top-of-the-range cars. We never mixed with him at all.'
Source : http://newpaper.asia1.com.sg/news/story/0,4136,161995,00.html?
MONEY can't buy you happiness.
Picture: AFP And going by past examples, lottery winners rarely end up happy. Instead, many of them end up in the dumps.
Take Billie Bob Harrell Jr. In 1997, he hit the US$37 million Texas jackpot only to end his life less than two years later. Or Juan Rodriguez, who won US$149m in a New York lottery in 2004 but lost his wife soon after. Then there's 19-year-old Michael Carroll who pocketed £10m in a British lottery in 2004 but ended up with a string of drug offences.
Mr Stephen Goldbart, co-director of the Money, Meaning and Choices Institute in San Francisco, says two out of three lottery winners lose or spend all their winnings within five years.
He told CNN: 'The average American lives pay cheque to pay cheque. So when they come into sudden wealth, they have to learn the financial ropes of planning.'
Dr Steven J Danish, professor of psychology at Virginia Commonwealth University in Richmond, has counselled lottery winners for over 12 years.
He told The Boston Globe that almost all of his patients have had serious problems after collecting their winnings. After the initial shock passes, a sense of guilt often arrives, along with the hoards of people asking for money, which is often the biggest source of stress, he said.
Psychologist Cary Cooper told BBC News that those who are dissatisfied with their lives beforehand are not rescued by money.
And those who quit work may find themselves isolated and at a loose end, especially if they've started a new life far from their old social circle.
Before Mr William Post, 63, cashed in his winning ticket for a US$16m Pennsylvania Lottery in 1988, he knew it would bring him trouble.
Mr Post's younger brother was arrested for hiring a hit man to kill him. He claims other siblings pestered him to invest in various business deals that fell through. A former girlfriend also sued him for failing to share his money.
Now, he lives in a three-bedroom home. Legal fees and taxes ate up the rest of his winnings. He lives on US$450-a-month Social Security payments and food stamps, but he's not complaining.
He said: 'I've got peace of mind and you never realise how valuable it is until you lose it.'
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gotta agree that some people who are rich are arrogrant whereas on the other hand, some are rich but they are not arrogrant at all..
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must share the wealth . share the happiness. heh
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oh I dunno .....
I'm not sure if it's not better to be a rich asshole than a poor nice guy .....
an asshole can become a nice guy easily enough ....
but it takes a lot more doing for a poor chap to become rich ...
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Originally posted by QX179R:
gotta agree that some people who are rich are arrogrant whereas on the other hand, some are rich but they are not arrogrant at all..
actually I think my topic a bit wrong...should be "whether U are rich or poor, arrogance would be your downfall".
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Originally posted by Fatum:
oh I dunno .....
I'm not sure if it's not better to be a rich asshole than a poor nice guy .....
an asshole can become a nice guy easily enough ....
but it takes a lot more doing for a poor chap to become rich ...
I dont really think an asshole can easily become a nice guy...I mean assuming ur definition of a nice guy comes from the heart...its not easy...and the obscene amount of money doesnt help either...
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well ... I haven't got my "obscene amount of money" yet, so I dunno .....
money certainly cannot buy happiness ... but I think what it can buy, is pretty darn satisfying ...
btw ... ADEX's this weekend hor ...
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Originally posted by Fatum:
well ... I haven't got my "obscene amount of money" yet, so I dunno .....
money certainly cannot buy happiness ... but I think what it can buy, is pretty darn satisfying ...
btw ... ADEX's this weekend hor ...
ya...still dare to say...tot U want to recommend me ur friend's stuff?no picture no sound already ar?
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Originally posted by Xcert:
ya...still dare to say...tot U want to recommend me ur friend's stuff?no picture no sound already ar?
got lah got lah ... I'll PM you the booth number by today ..... he's selling lots of other stuff from other brands as well ...
check out his force fins on special offer .....
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see... dono why money always falls in the wrong person.. sigh....with that 5.1 mil.. if he used his brain a little, he would have been a millionaire now. Its all bout attitude and thinking.
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By reading your thread title, lhl comes to mind.
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This is just one out of the many millions lottery winners in the world. People are envious and tend to sensationalise such news.
There are lots of pple who earn millions from lottery, show off but with a limit and they are still living very well.
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Originally posted by Fatum:
got lah got lah ... I'll PM you the booth number by today ..... he's selling lots of other stuff from other brands as well ...
check out his force fins on special offer .....
ahh...I looking for short short force fins...
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Originally posted by qlqq9:
By reading your thread title, lhl comes to mind.
he arrogant meh?where?disclaimer: I not lhl supporter...but I dont really find him arrogant..at least not on tv...
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Maybe those people in TS story are faking that they have no money.
If everyone knows that I have won the lottery, I will also try and cook up a story that I have somehow lost all the money to ward away people who are after my money.
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the only worse thing is some are poor and yet arrogant. i came across a few of them here in Singapore. I wonder what will be their downfall?
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Originally posted by BadzMaro:
must share the wealth . share the happiness. heh
especially with the poor people...and if got enough give to the middle-class whose lives are boring and income is stagnant...
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shd be the world is round.
what goes around, comes around..... JT
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My fd told me that his fd's father struck Toto and won one point something million. But also squaddered the money on flashy things and failed investment. In the end back to square one. Tell ppl he used to win Toto and ppl despise him even more. He got so lucky and he didn't know how to improve his life.
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This happens to T.T. Durai & Richard Yong..
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Don't let anybody know that you've won millions.
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I don't see much of a relation to arrogance and downfall leh. I think what the TS had posted as an example is more of a failure in proper finance management.
There are plenty of arrogant people around, regardless of the poor or rich.
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if u r not satisfied with what you have now, my fukin problem arh?
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LOls, relax la. Anyways replying to the topic, some rich guys are very humble too, just that you dun see them. Usually ppl bo "liao" 1 usually wan haolian what they have, ppl got "liao" 1 they usually tiam tiam, scared lata tio daichi. So ya lo, i dare to say most singaporeans got money tink dam they dam seh so thats why you dun see alot of rich young ppl in SG.
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they got a bit of marnee only buy car buy this buy that so everyday they suffer cannot even have no job no tsandandard oay for one day i laff until siao man. so only a bit schooling get a bit office style job only haolian everyday show car but every month pay like siao forever stuck this this company cannot jump coz elsewhere with his standard and expelan cannot getthhis kind so salary so cannot sarpor the car instalment lol