In 1988, William Post won $16.2 million in the Pennsylvania lottery.
And within a year, he was $1 million in debt.
His brother hired a hitman to kill him (hoping to inherit the money).
His landlady sued him for a share of the winnings.
He bought a restaurant, a used car lot, and an airplane.
None of which he knew how to run.
And by 2006, he was living on $450 a month in Social Security.
He once said, “Everybody dreams of winning money, but nobody realizes the nightmares that come with it.”
He’s not alone
Researchers have found that a significant number of lottery winners end up filing for bankruptcy within a few years of their win.
Some studies put it as high as 1 in 3.
Think about that.
You hand someone a life-changing sum of money and most of them end up worse off than before.
How does that happen?
It’s not about the money
Here’s what most people miss...
Those who go broke after a windfall weren’t undone by bad investments or bad luck.
They were undone by identity.
Deep down, they still saw themselves as someone who didn’t have money.
So they spent, gave, loaned, and burned through it until the outside matched the inside again.
This is what psychologists call “returning to your financial set point.”
Your beliefs about money, wealth, and what you deserve act like a thermostat.
No matter how high the temperature spikes, it finds its way back to the setting you’re used to.
And here’s where it gets personal.
You don’t need to win the lottery for this to apply to you.
Every raise, every bonus, every good month: if your money mindset hasn’t shifted, the extra income has a way of disappearing.
Lifestyle creep.
Impulse spending.
Giving it away because you feel guilty having it.
Sabotaging yourself right back to where you started.
William Post didn’t have a money problem, he had a mindset problem.
And $16 million wasn’t enough to fix it.
The good news
Your financial set point isn’t permanent.
And you can fix it for FREE.
It’s a belief, and beliefs can change.
But you have to do the work to change them before the money shows up, not after.
That’s exactly what the financial health quiz is designed to help you figure out.
Where are you right now? What’s your set point? And what’s actually keeping you from moving it?
It takes about 5 minutes and it’s worth every second.
→ [Take the Financial Health Quiz here]
Let’s work through it together.
Taquitos,
Caleb "No Lottery Mindsets" Hammer
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