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Once you have won a big prize from the lottery, you could feel that all of the hard work is performed. On the flip side, you would be quite wrong! There are plenty of documented cases of folks who have hit it big only to lose their fortunes through bad deals, unhealthy living, selfish acts, and 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.
Get a lawyer or financial planner
Before going public with your lottery winnings, it is a great idea to speak to an attorney and also a financial planer. Certain lawyers concentrate on lottery winners as well as how to best begin a wise life that will make the most of their winnings. Of course, the ultra-rich (millionaires and billionaires) got that way by being wise with their cash. They have had their wealth for a long period. You, alternatively, as a whole new lottery winner, are thrust into the role of ultra-wealthy, without having the years of experience that others may have had. This is why a lawyer can give great advice and be a great help as you begin your new life.
A financial planner is additionally an important person to speak to. They can help you make the decisions early on in your life to make sure that you not 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.
Focus on your dreams
Winning the lottery is something that most of us dream of doing. So now that you've won, what would you like to do with your winnings? Maybe you've always wanted to travel. This really is now your chance to become a world traveler. Or maybe you've always regretted that you weren't able to go to college. You have the option to get that degree! Making a list of all of your hopes and dreams will help you to find the best path to achieve them.
Moreover, 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 don't love their jobs, but find it nice to possess 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 how to say "No"
Whenever 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 might even hear from complete strangers! How did everybody find you all of a sudden?
Most state lotteries make their winners public. It's in their terms of service that winners must be prepared to go public. They do this for a number of reasons. For one thing, it is a great promotional device and it generates interest in the lottery. It also proves that the official lottery is a fair draw and that there is absolutely no 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 whole new lottery winner, you may have to learn to say "no" to the many requests that can be coming to you. If you have a hard time doing this, then you will be effortlessly taken good thing about, and pretty soon you'll find your fortunes dwindling.
One alternative for all 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 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, you might want to try your hand at online lotteries.
Give some back to charity
Even though you will have to say "no" to a whole lot of greedy people trying to take advantage of you, you may 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 can even donate your time! Even though 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 could have a lot more free period to share and may see that you enjoy volunteering tour time).
In the event you do elect to give to charity, do your investigation first. You certainly will need to discover what your interests are and just how you'd like to see your money spent, so make a list about which charities interest you. You can even research your favorite charities to view where they spend their cash, simply how much of each gift they receive is utilized for charity, and other facts. This data should help you decide on a few worthy charities.