Construction worker’s rags-to-riches and riches-to-rags story: P1.2M lottery winnings gone in just 3 months

Image capture of video by GMA News via YouTube

An unexpected winning?

Jack Morales, a construction worker from Basey, Samar didn’t expect his life to change when he won P1.2 million in an illegal lottery called 6/45. But he also didn’t expect that the amount of money he won would not last long, and that he would be left with debts of more than half a million pesos.

This story worth learning from was shared by Kapuso Mo, Jessica Soho (KMJS) recently.

Since birth, Jack described his life to be at the ‘less fortunate’ class. He and all his five siblings were not able to finish school, but the greatest challenge they faced was when they were victimized by typhoon Yolanda.

He somehow took the typhoon positively, because due to the housing and rehabilitation projects, he was able to have a job as a construction worker. His daily compensation of P250 though, is not enough for a bright future for his family. His 3-year-old daughter is growing up fast and he needs more income. And that’s when he learned to gamble.

Well, he had a ‘beginner’s luck’; winning amounts like P15,000 and P30,000 from just small bets like P50 and P100, but his biggest jackpot ever was P1,200,000 which he won on the eve of his  birthday in 2016.

He immediately resigned from his job.

He budgeted his P1.2M winning by setting aside P200,000 for his child’s education; P800,000 for a construction business; P190,000 for savings, and P10,000 for home improvement.

But Jack admitted he ‘mismanaged’ his money as he held drinking sprees and parties almost daily, easily gave away balato to fair-weathered friends, until he realized that the P190K and P10K was gone in just a week.

Soon after, even the P200K for his child’s education was also gone — but what slammed the most was the construction company he invested in went bankrupt.

All of his winnings was gone in just a span of three months; made worse by debts amounting to P600,000.

Due to the turn of events, he reportedly developed Major depressive disorder (MDD), also known simply as depression. His family never left his side though; “in sickness and in health, for richer and for poorer” — which may be one of the lessons in this story that loved ones are the real treasures in life, aside from the main lesson, of course: “Save for the rainy days.”

Thanks to GMA’s KMJS, Jack was given another chance. The show gave him some capital to start a sari sari store, and the show gave viewers some hard-hitting realizations.

Watch this video shared by KMJS via YouTube:

Source :

GMA News, YouTube