Monday, July 16, 2007

You've Won the Lottery - Now What?

It's Sunday Morning, you've just bought the newspaper, and you're checking the Lottery Numbers before you read the cartoons, which you always read before the sport.


There the Lottery Numbers are and the Lottery Jackpot is $54,000,000, AND there is only ONE Winner.


Then you stop. You can't believe you eyes. You look again, then you begin to shake. You take out your billfold and happen the lottery ticket you bought yesterday. You check up on the Numbers on the ticket to do sure. That's compensate you used your female parents birthdate and you fathers birthdate just as you always do.


Shaking even harder you step back to the counter of the convenience shop and manus the ticket to the clerk behind the counter, "Check this ticket please" You can hardly state the words without stammering like an idiot.


The clerk inserts the ticket into the machine and waits for the silver screen to bespeak your winnings. The clerk turns back and custody you the ticket, "You'll have got to reach the Lottery Board, it must be a large one!" You can't halt shaking and you go forth the shop immediately, got to acquire place and interruption the good news!


About now is when the problem starts.


If you are like a batch of other lottery victors you will state the human race about your profits and the vultures will begin to descend before you can state "I've Won the Lottery!"



Before you acquire home, before you contact the Lottery Board:


1. Close Your Mouth

2. Fill in Your Details on the Ticket, if you haven't already done so.


When you acquire home:


1. Keep you Mouth Shut

2. Put that lottery ticket in a safe place

3. Contact a lawyer and a fiscal advisor you trust.

4. Then telephone the concern office and state them you necessitate a few years off to screen out some personal business.

5. Ignore the enticement to state the foreman or anyone else what an buttocks he is, it is a waste material of emotional energy that tin better be directed to planning your future.


Before you counsel the Lottery Board that you are the Lucky Lottery Winner sit down down with your lawyer and fiscal advisor and work out a program of how you are going to do your life comfy and unafraid rather than a roller coaster drive of luxury and possible hereafter bankruptcy. It is an unfortunate world that too many lottery victors win in cachexia all their profits in a very short space of clip and often stop up in debt, on societal security, divorced and having ruined their household relationships.


A good fiscal advisor will indicate out the difference between investment for future growing and fiscal security and disbursement on extravagance that in the long term cannot be sustained. That house with the sea position and 16 on lawsuit sleeping rooms is an luxury that volition shed blood you in insurance, maintenance, decorating and many other ways. That limousine will be in insurance, maintenace and day-to-day running play costs.


A sound, diversified investing alkali however will prolong you and your children for the remainder of your life in more than comfortableness than you previously had, albeit not in epicurean style.Set up trusts for yourself and your partner and children. Secure your hereafter first!


What would you prefer, a roller coaster drive from richness to societal security or a composure life of comfort, security and fiscal independance.


Far too many people have got gone the roller coaster route.


Best of fortune with your adjacent lottery ticket! May your Numbers be the right ones!

Labels: , , ,


Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?