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Once you’ve won a big prize from the lottery, you might believe that all of the serious effort is done. Conversely, you would be quite wrong! There are various documented cases of folks 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 “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 official lottery winnings, it is a great idea to speak to a lawyer as well as a financial planer. Certain lawyers concentrate on lottery winners and the way to best begin a wise life that may 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’ve had their wealth for a long time. You, at the same time, as a whole new lottery winner, are thrust into the role of ultra-wealthy, without the need of the years of experience that others may have had. This really is why an attorney can give great advice and be a great help as you begin your new life.
A financial planner is also an important person to speak to. Also they can help you make the decisions early on in your life to guarantee that you never have to work again. If you make wise investments with your lottery winnings, in place of spending it foolishly, you will truly be a lottery success story.
Concentrate 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 is now your opportunity to become 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 shall help one to seek out the 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. 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.
Learn to say “No”
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 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 prepared to go public. They do this for a number of reasons. For one thing, it’s a great promotional device and it generates interest within the lottery. Additionally, it 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 will have to discover ways to say “no” to the many requests that can be coming to you. If you have a hard time doing this, in which case you will be conveniently taken good thing about, and pretty soon you can find your fortunes dwindling.
One alternative for anyone 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 have always dreamed of having everything, but you want to still live the life of a regular Joe, then you may want to try your hand at online lotteries.
Give some back to charity
Despite the fact that you definitely will 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 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 any more, or only work part-time resulting from winning the lottery, you may have a whole lot more free time for you to share and may see that you enjoy volunteering tour time).
In the event you do choose to give to charity, do your investigation first. You’ll 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 find out where they spend their money, how much of each gift they receive is used for charity, and other facts. This information should help you decide on a couple of worthy charities.
