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Once you have won a big prize from the lottery, you may think that all of the hard work is done. On the other hand, you’d be quite wrong! There are numerous documented cases of individuals who’ve hit it big only to lose their fortunes through bad deals, unhealthy living, selfish acts, and 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, below are some tips to help.
Get a lawyer or financial planner
Before going public with your lottery winnings, it is a great idea to speak to an attorney and also a financial planer. Certain lawyers focus on lottery winners as well as how to best begin a wise life that can make the most of their winnings. As always, the ultra-rich (millionaires and billionaires) got that way by being wise with their cash. They’ve had their wealth for a long time. You, on the flip side, as a new lottery winner, are thrust in to the role of ultra-wealthy, without having the years of expertise that others may have had. This is why a lawyer can give great advice and be a great help when you begin your new life.
A financial planner can also be a vital person to talk to. Also they can help you make the decisions early on within your life to guarantee that you not have to work again. If you make wise investments with your lottery winnings, as opposed to spending it foolishly, you will truly be a lottery success story.
Focus on your dreams
Winning the lottery is a 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 really is now your chance to be a world traveler. Or even you have always regretted that you weren’t able to go to college. You have the option to get that degree! Making a list of all of your hopes and dreams shall help one to locate the very best path to achieve them.
In addition, think beyond just things to buy. Sure a whole new car or dream home will be nice, but think more about lifestyle changes rather than new toys. Most individuals 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.
Learn how 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 has to be willing to go public. This is accomplished for a range of reasons. For Chip’s website one thing, it’s a great promotional device and it generates interest within the lottery. It also proves that the lottery is a fair draw and that there isn’t any cheating going on. The flip side of this is that having their names made public puts a target on many lottery winners’ lives. As a new lottery winner, you shall have to learn 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 conveniently taken benefit from, and pretty soon you can find your fortunes dwindling.
One alternative for all those who may 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 all of it, but you want to still live the life of a regular Joe, then you definitely may want to try your hand at online lotteries.
Give some back to charity
Despite the fact that you certainly will have to say “no” to a lot of greedy people trying to take advantage of you, you may see that you are serious 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 can even donate your time! Even though 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 as a result of winning the lottery, you could have a great deal more free time to share and may discover that you enjoy volunteering tour time).
In the event that you do elect to give to charity, do your research first. You definitely will need to discover what your interests are and how you want to see your money spent, so make a list about which charities interest you. You may even research your favorite charities to view where they spend their money, just how much of each gift they receive is utilized for charity, and other facts. These details should help you decide on a number of worthy charities.
