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Once you’ve won a big prize from the lottery, you could believe that all of the hard-work is done. In contrast, you’d be quite wrong! There are various 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, here are some tips to help.
Get an attorney or financial planner
Before going public with your lottery winnings, it’s really 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. Simply, the ultra-rich (millionaires and billionaires) got that way by being wise with their money. They’ve had their wealth for some time. You, on the contrary, as a whole new lottery winner, are thrust into the role of ultra-wealthy, without needing the years of expertise that others may have had. This really is why an attorney can give great advice and be a great help when you begin your new life.
A financial planner is additionally a significant 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, rather than 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 have won, what do you want to do with your winnings? Maybe you have always wanted to travel. This really is now your opportunity to become a world traveler. Or possibly you’ve always regretted that you weren’t able to go to college. You have the opportunity to get that degree! Making a number of all of your hopes and dreams may help you to discover the top path to achieve them.
Furthermore, 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. Many 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.
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 might 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 ready to go public. They do this for a range of reasons. For one thing, it’s a great promotional device and it generates interest within the lottery. Additionally, it proves that the lottery online is a fair draw and that there is no 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 how to say “no” to the many requests that will be coming to you. If you have a hard time doing this, in which case you will be quickly taken benefit of, and pretty soon you will 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 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 everything, 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 could see that you are enthusiastic about 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. (If you don’t have a regular job any more, or only work part time as a result of winning the lottery, you could have a whole lot more free period to share and may find that you enjoy volunteering tour time).
In the event you do opt to give to charity, do your investigation first. You are going to need to discover what your interests are and just how you would like to see your money spent, so make a list about which charities interest you. You can even research your favorite charities to find out where they spend their cash, simply how much of each gift they receive is utilized for charity, as well as other facts. These facts should help you decide on a few worthy charities.
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