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Once you’ve won a big prize from the lottery, you could think that all the hard-work is done. Conversely, you would be quite wrong! There are plenty of documented cases of folks who have 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, here are several tips to help.
Get an attorney or financial planner
Before going public with your lottery winnings, it’s a great idea to speak to an attorney and a financial planer. Certain lawyers concentrate on lottery winners and how to best begin a wise life that may make the most of their winnings. Remember, the ultra-rich (millionaires and billionaires) got that way by being wise with their cash. They have had their wealth for some time. You, then again, as a new lottery winner, are thrust in to the role of ultra-wealthy, without needing the years of expertise that others may have had. This is why an attorney can give great advice and be a great help as you begin your new life.
A financial planner is additionally an essential person to speak to. They can help you make the decisions early on within your life to be certain that you never have to work again. If you make wise investments with your lottery winnings, instead of spending it foolishly, you will truly be a lottery success story.
Focus on your dreams
Winning the lottery is something that most of us dream of doing. So now that you’ve won, what would you like to do with your winnings? Maybe you’ve always wanted to travel. This is now your opportunity to be a world traveler. Or even you have always regretted that you were not able to go to college. You now have the opportunity to get that degree! Making a number of all your hopes and dreams can help you to find the top 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. Lots of people don’t love their jobs, but find it nice to have a hobby to take up time. Your hobby can now become your full-time career, if you wish it. Being happy means spending your time doing the things you love.
Discover ways 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 everybody find you all of a sudden?
Most state lotteries make their winners public. It’s in their terms of service that winners has to be willing 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 in the lottery. It also proves that the lottery is a fair draw and that there is 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 new lottery winner, you will have to learn how to say “no” to the many requests that may be coming to you. If you have a hard time doing this, in which case you will be effortlessly taken good thing about, 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 implies that a big winner can still remain relatively anonymous. If you’ve always dreamed of having all of it, but you want to still live the life of a regular Joe, you might 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 make use of you, you might discover that you are considering giving back to charity. Many millionaires and billionaires have done great things with their donations, whether 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. (In the event that you don’t have a regular job anymore, or only work part time resulting from winning the lottery, you may have a great deal more free time for you to share and may discover that you enjoy volunteering tour time).
In the event you do choose to give to charity, do your investigation first. You definitely will need to discover what your interests are and the way you would like to see your money spent, so make a list about which charities interest you. You may even research your favorite charities to find out 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 a few worthy charities.
