Personal Finance
From Millionaire to Pauper in less than 2 Years
By K.I.S.S. Investing  •  June 10, 2014
If you have read the heart-wrenching news, about how a widow got donations & insurance payouts worth S$1million and then squandered it all in just 1 YEAR; you would be utterly disappointed in her.
"I also don't know how I finished (using) the money," she said.
Furthermore, she has 5 kids to look after and now that she's broke, she has to turn back to working a low wage job again. While you may feel sad for her and the circumstances she fell into, perhaps a few of you will think of why; Why does this happen?! "how the h*ck can you spend all that in a year!?!?" More often than not, people who come by large sums of money, whether be it through inheritance, striking lottery, sportsmen who suddenly get rich etc. are set to lose it back all again. (Look at michael jackson, mike tyson).  ......
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By K.I.S.S. Investing
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