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Once you’ve won a big prize from the lottery, you could think that all the serious effort is performed. Conversely, you’d be quite wrong! There are plenty of documented cases of people 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, below are some tips to help.
Before going public with your lottery winnings, it’s a great idea to talk to a lawyer as well as a financial planer. Certain lawyers specialize in lottery winners and how to best begin a wise life that will make the most of their winnings. Simply, the ultra-rich (millionaires and billionaires) got that way by being wise with their cash. They’ve had their wealth for some time. You, however, as a brand 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 an attorney can give great advice and be a great help while 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 ensure that you never 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.
Winning the lottery is one area 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 opportunity to become a world traveler. Or even you’ve always regretted that you were not able to go to college. You have the opportunity to get that degree! Making a list of all of your hopes and dreams can assist you to seek out the top path to achieve them.
Moreover, 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. Many 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.
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 may 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. They do this 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’s absolutely no cheating going on. The flip side of this is that having their names made public puts a target on many lottery online winners’ lives. As a new lottery winner, you will 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 quickly taken benefit of, and pretty soon you can find your fortunes dwindling.
One alternative for 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 implies that a big winner can still remain relatively anonymous. If you have 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.
Despite the fact that you’ll have to say “no” to a whole lot of greedy people trying to make use of you, you might discover that you are interested in giving back to charity. Many millionaires and billionaires have done great things with their donations, whether it be to hospitals, colleges, or any 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 resulting from winning the lottery, you might have a whole lot more free time to share and may discover that you enjoy volunteering tour time).
If you do opt to give to charity, do your investigation first. You will need to discover what your interests are and just how you want to see your hard earned 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 used for charity, as well as other facts. This information should help you decide on a couple of worthy charities.
