A man who won $5.6 million on a lottery ticket has revealed that he won’t be giving his family a single penny of the money. The 24-year-old took to Reddit’s AITA sub to ask if he was wrong for choosing to invest the money with his partner rather than giving handouts to everyone he knows, and the response was mixed.
- He wanted to do the smart thing. After taxes, the man said he and his wife were left with about $5.6 million. They used about $600k to pay off all their debts (student loans, mortgage, car loans) and then decided to invest the rest to ensure they could live comfortably in the future.
- A lot of thought went into how they should invest the money. As OP shared: “What we did was invest 3 million in a combination of mutual funds, REITs, and preferred stock funds for a very steady hands-off extremely low-risk solid return approach. With the 2 million we ended up buying a 5 million dollar apartment complex that cashflows and will give a high return with low risk.”
- He thought his family would be happy for him. OP went on to say that he told his family how he’d invested the cash to secure the couple’s future but instead of being happy for him, they started asking for cash. “They started talking about a huge family trip, how I was paying for all their debt, and more,” he said. He had to break it to them that none of that would be happening.
- They reacted way worse than he thought they would. Instead of congratulating him, the man said his family “got pissed” and “said that I wasn’t welcome in this family and that I shouldn’t ever talk to them again.” Wow, that’s a bit harsh.
- He’s still sure he did the right thing. And it seems most commenters agree with him. “You’re no longer welcome in the family because you didn’t give them your money? The entitlement is nauseating,” one person wrote. Another added: “My husband and I have talked, jokingly, about what we’d do if we won the lottery and we both agree that our number one rule would be not giving money to anyone who had the audacity to ask for it.” That is pretty greedy, to be honest!