I read a story on the Sunday times today and this caught my attention. Two years ago, this widow's husband was killed in an accident at Changi Airport's budget terminal and she received nearly $1 Million in insurance payouts and donations from the public. One year later, her $1 Million dollars are all gone. You may think is it possible to spend $1 Million dollars in just one year? This has happened not just to this widow but to many other people before. No wonder people say the faster money come, the faster money would go also. So how did she lose all the money?  Initially she bought an annuity plan for each of her four children. Each children $200,000 so it's $800,000 in total. She paid up an outstanding debt of $50,000 which leaves her with $150,000 for herself. This was all good and buying the annuity was ......