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Once you’ve won a big prize from the lottery, you might assume that all the hard work is done. Alternatively, you’d be quite wrong! There are many documented cases of individuals 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 appears to always make it to the front page of newspapers, here are a few tips to help.
Get a lawyer or financial planner
Before going public with your lottery winnings, it is a great idea to speak to a lawyer and a financial planer. Certain lawyers focus on lottery winners and the way to best begin a wise life that can make the most of their winnings. Of course, the ultra-rich (millionaires and billionaires) got that way by being wise with their money. They have had their wealth for some time. You, at the same time, as a brand new lottery winner, are thrust into the role of ultra-wealthy, without having the years of experience that others may have had. This really is why an attorney can give great advice and be a great help while you begin your new life.
A financial planner is additionally a significant person to speak to. They may help you make the decisions early on in your life to be certain that you not have to work again. If you make wise investments with your lottery winnings, in place of spending it foolishly, you will truly be a lottery success story.
Concentrate on your dreams
Winning the lottery is one thing that most of us dream of doing. So now that you’ve won, what do you want to do with your winnings? Maybe you have always wanted to travel. This is now your opportunity to become a world traveler. Or even you have always regretted that you weren’t able to go to college. You have the chance to get that degree! Making a number of all your hopes and dreams shall help one to find the most effective path to achieve them.
Also, think beyond just things to buy. Sure a new car or dream home will be nice, but think more about lifestyle changes rather than new toys. The majority of people do not love their jobs, but find it nice to have 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 haven’t 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 must be ready to go public. This is accomplished for a number of reasons. For one thing, it is a great promotional device and it generates interest within the lottery. Additionally, it proves that the lottery is a fair draw and that there isn’t any 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 discover ways to say “no” to the many requests that will be coming to you. Should you have a hard time doing this, then you will be conveniently taken good thing about, and pretty soon you can find your fortunes dwindling.
One alternative for those who might not be looking forward to a life of public scrutiny is to try their hand at online gambling lotteries. The relative anonymity provided by winning online means that a big winner can still remain relatively anonymous. If you have always dreamed of having all of it, but you’d like to still live the life of a regular Joe, you might want to try your hand at online lotteries.
Give some back to charity
Despite the fact that you definitely will have to say “no” to a whole lot of greedy people trying to take advantage of you, you may find that you are enthusiastic 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! Despite the fact that it sounds crazy, many millionaires and lottery winners do it. (Should you not have a regular job any more, or only work part-time as a result of winning the lottery, you might have a great deal more free period to share and may find that you enjoy volunteering tour time).
If you do opt to give to charity, do your research first. You will need to discover what your interests are and how you want to see your hard earned money spent, so make a list about which charities interest you. You can even research your favorite charities to see where they spend their money, the amount of each gift they receive is used for charity, as well as other facts. These details should help you decide on several worthy charities.
