A Lotto Winning and What Is Next? Build Your Plan!
Each participant of a numeric lottery dreams of gaining a main winning as huge sums of money help to fulfill even the most secret dreams. Yet, as the history of some winners of the Polish and world Lotto shows, one should treat a big winning with some seriousness. Why should one? It is so because it is easy to burn through even huge funds and be left with nothing or, what is worse, to be in debt.
The moment in which you check the results of a Lotto drawing and it turns out that you have gained a first-tier winning is the beginning of a new life. You can win from several millions of zlotys up to one and a half million of dollars; everything depends on the lottery you take part in. The Polish Lotto, American Powerball or Mega Millions as well as European SuperEnalotto, UK Lottery, EuroMillions or Eurojackpot are waiting for you in the Internet. Then, what is the most efficient strategy of every Lotto winner?
Plan the Prize Management
It is obvious that winning a huge amount of money suddenly, you want to enjoy it and spend a particular sum of money easily and without any consideration. Let it be a strictly limited sum since not counting the money you pay can lead to spending a huge amount of money in a rather short time. In addition to it, such careless way of spending money can attract the attention of third parties, thus, in case of winning a main prize on Lotto, it is better to remain anonymous. First of all, it is so because third parties can become interested in your money, furthermore, there will definitely be close and distant acquaintances who will contact you in order to borrow money. Thus, do not expose the fact of winning, turn down a request for lending money or giving financial aid politely, yet, firmly. There are many swindlers, knaves or blackmailers who will be able to benefit from your Lotto winning.
A worse mistake is spending money which we do not actually have in our wallets which means spending money before the winning withdrawal is carried out. There is really a difference between disbursing money which you have already had on your account and it is easier to put an eye on their vanishing and borrowing money while thinking that you can do it without any limits. Moreover, you should take into consideration that sometimes the winning numbers are matched by several players and then, a winning given to each person is smaller than the estimated one.
Then, What Is Better to Do with a Lotto Winning?
If it turns out that you were lucky while checking the Lotto results and winnings, give yourself time for calming down. Do not immediately quit your, do not plan any huge revolution in your life. No matter how unbelievable it may sound, sit down with a piece of paper and build an initial plan of spending a sum you have won. Of course, you will earmark a part of it on shopping frenzy and you know what…do not restrict yourself. Yet, think about long-time investments such as purchasing apartments, creating a bank account, market investments. As well as investing cash successfully and protect money against its rapid wasting, you will also be able to multiply your funds. Employing a financial consultant who will professionally manage your finance will be the best solution.
If you want to earmark a part of a winning for charity, make an anonymous transfer to the account of a chosen foundation. And providing you want to donate money to the members of your family with the help of a gift certificate, you should pay your attention to a tax-free sum of money.
Finally, it is sensible to remember about several absurd histories of lotto millionaires who found a Lotto winning really problematic as it turned out to be a source of problems and even debts. Burning through the money won too quickly can lead to a job lost without any considerations, family conflicts, divorces…
Yet, do not fall into a panic, play lotto and win, and manage the money gained carefully and enjoy a life of prosperity.