Once you’ve won a big prize from the lottery, you might believe that all of the serious effort is done. On the flip side, you would be quite wrong! There are plenty of documented cases of people who’ve hit it big only to lose their fortunes through bad deals, unhealthy living, selfish acts, as well as other unfortunate events. So if you want to be a lottery success story, and avoid the famous “lottery curse” that seems to always make it to the front page of newspapers, below are some tips to help.
Get a lawyer or financial planner
Before going public with your lottery winnings, it’s a great idea to speak to a lawyer and a financial planer. Certain lawyers specialize in lottery winners as well as how to best begin a wise life that can make the most of their winnings. Keep in mind, the ultra-rich (millionaires and billionaires) got that way by being wise with their cash. They have had their wealth for an extended time. You, conversely, as a whole new lottery winner, are thrust in to the role of ultra-wealthy, without needing the years of experience that others may have had. This is why a lawyer can give great advice and be a good help as you begin your new life.
A financial planner can also be an essential person to talk to. Also they can help you make the decisions early on in your life to make sure that you never have to work again. If you make wise investments with your lottery winnings, rather than spending it foolishly, you will truly be a lottery success story.
Concentrate on your dreams
Winning the lottery is something that most of us dream of doing. So now that you have won, what would you like to do with your winnings? Maybe you have always wanted to travel. This is now your opportunity to be a world traveler. Or even you’ve always regretted that you weren’t able to go to college. You now have the chance to get that degree! Making a number of all of your hopes and dreams will let you to discover click the following webpage best path to achieve them.
Moreover, think beyond just things to buy. Sure a brand new car or dream home will be nice, but think more about lifestyle changes rather than new toys. Almost all people don’t love their jobs, but find it nice to possess a hobby to take up time. Your hobby can now become your full time profession, if you wish it. Being happy means spending your time doing the things you love.
Learn to say “No”
When you make a big win at the lottery, you will hear from friends you have not spoken to in years. You will hear from cousins that you never knew existed. You could even hear from complete strangers! How did everyone find you all of a sudden?
Most state lotteries make their winners public. It’s within their terms of service that winners has to be prepared to go public. They do this for a range of reasons. For one thing, it’s really a great promotional device and it generates interest within the lottery. Additionally, it proves that the lottery is a fair draw and that there is absolutely no cheating going on. The flip side of this really is that having their names made public puts a target on many lottery winners’ lives. As a whole new lottery winner, you shall have to learn how to say “no” to the many requests that can be coming to you. Should you have a hard time doing this, in which case you will be easily taken benefit from, and pretty soon you can find your fortunes dwindling.
One alternative for anyone who might not be looking forward to a life of public scrutiny is to try their hand at online lotteries. The relative anonymity provided by winning online means that a big winner can still remain relatively anonymous. If you’ve always dreamed of having it all, but you’d like to still live the life of a regular Joe, then you may want to try your hand at online lotteries.
Give some back to charity
Even though you are going to have to say “no” to a lot of greedy people trying to take advantage of you, you may find that you are thinking about giving back to charity. Many millionaires and billionaires have done great things with their donations, whether or not it be to hospitals, colleges, or other non-profit organizations. You may even donate your time! Even though it sounds crazy, many millionaires and lottery winners do it. (Should you not have a regular job anymore, or only work part-time as a result of winning the lottery, you could have a lot more free time to share and may find that you enjoy volunteering tour time).
In the event you do elect to give to charity, do your research first. You definitely will need to find out what your interests are and just how you want to see your money spent, so make a list about which charities interest you. You can even research your favorite charities to view where they spend their cash, the amount of each gift they receive is utilized for charity, as well as other facts. These facts should help you decide on several worthy charities.