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Once you’ve won a big prize from the lottery, you could think that all the serious effort is performed. In contrast, you would be quite wrong! There are many documented cases of people 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 “official 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 a great idea to talk to a lawyer and also a financial planer. Certain lawyers concentrate on lottery winners and the way to best begin a wise life which will make the most of their winnings. Bear in mind, the ultra-rich (millionaires and billionaires) got that way by being wise with their money. They have had their wealth for years. You, conversely, as a brand new lottery winner, are thrust in to the role of ultra-wealthy, without the need of the years of expertise that others may have had. This really 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 significant person to speak to. Also they can help you make the decisions early on within your life to make 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.
Concentrate on your dreams
Winning the lottery is one area that most of us dream of doing. So now that you have won, what do you want to do with your winnings? Maybe you’ve always wanted to travel. This is now your opportunity to be a world traveler. Or possibly you’ve always regretted that you were not able to go to college. You have the option to get that degree! Making a list of all your hopes and dreams will let you to search out the best path to achieve them.
Furthermore, 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. A lot 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 career, if you wish it. Being happy means spending your time doing the things you love.
Learn to say “No”
Whenever 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 within their terms of service that winners has to be ready to go public. This is accomplished for a range of reasons. For one thing, it’s really 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 really is that having their names made public puts a target on many lottery winners’ lives. As a brand new lottery winner, you may have to learn 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 benefit from, 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 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 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
Despite the fact that you are going to have to say “no” to a great deal of greedy people trying to make use of you, you could discover that you are considering giving back to charity. Many millionaires and billionaires have done great things with their donations, whether or not it be to hospitals, colleges, or any other non-profit organizations. You can 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 anymore, or only work part time as a result of winning the lottery, you might have a whole lot more free time for you to share and may find that you enjoy volunteering tour time).
Should you choose to give to charity, do your investigation first. You certainly will need to find out what your interests are and how you’d like to see your hard earned money spent, so make a list about which charities interest you. You can even research your favorite charities to determine where they spend their cash, simply how much of each gift they receive is used for charity, as well as other facts. This data should help you decide on a few worthy charities.
