Conversely, there are also cautionary tales of winners who squandered their fortunes within a brief interval. A well-known case involves a former high school teacher who won $10 million but failed to handle the money properly. Driven by impulse, she made quite a few extravagant purchases and didn't search monetary steering. Within five years, she found herself broke and in monetary bother. These contrasting tales highlight the importance of responsible monetary planning and the have to be informed in regards to the implications of the payout schedule.
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