Dreaming Of The Big Jackpot? This Is
How You Should Handle A Huge Jackpot Win
By Doctor Who Online |
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Obviously, you always dream of winning a jackpot. In October 2019, a
lucky person
won the crazy amount of £170m on EuroMillions. What if your dreams
come true and you actually win? What would you do? There are numerous
stories of people who won millions in jackpot, went on to blow away the
money within a short year, and were reinstated to their initial
position. It should not be so if you read a guideline from organisations
such as Gamstop that will help you in such a scenario.
Think first before you do anything
This statement sounds like a platitude, yet so essential. Remember, you
might have won multi-millions, but this does not guarantee you in any
way that you will live happily thereafter. It depends on how you plan
for the amount that you receive. The triumphant feeling that you have
should not deceive you. You still have to plan appropriately. Think
about what matters as you can be tempted to overspend and finally blow
the money.
Anonymity
Some people say that if you win a lottery, the first thing that you will
have to purchase is a padlock. Funny right, but this helps to convey a
fundamental concept. You should always stay anonymous at all times. The
biggest mistake that you can make is to go announcing that you have won
the lottery. This has in many cases proven a huge mistake, sometimes
even fatal, to previous jackpot winners.
Hire a financial assistant and legal team
Most of the people who win the lottery probably have never won such a
huge sum of money. They tend to overspend and in the long run, they join
the list of many jackpot winners who reverted to their initial life
after winning the jackpot. In some cases, some frivolous people want to
get money from you. With the two teams, you can avoid spending the money
haphazardly.
Lump-sum or the annuity
You will be given two choices once you have won the lottery, you could
receive a lump sum or an annuity spread over some years. The best advice
would be to receive an annuity. With an annuity, you still get a good
sum of money, which is spread out over long years. In the process, you
get accustomed to having a large sum of money and can learn to invest.
Hence avoiding careless spending.
Avoid the urge to live a lavish lifestyle
Its human nature to want to leave a luxurious life after earning a huge
sum of money. Resisting the urge of overspending could help ensure that
you can invest the money and not lose it after a few years. Resist
buying the most expensive couches, cars, or televisions. They can come
thereafter after you have invested the amount to generate an extra
income. It is okay to do it later when you have an investment.
Sign up for Gamstop and skip the non-Gamstop casinos
It’s natural that greedy comes into people who won a lot of money. When
you first win, you feel it’s unbelievably much money but when the money
starts to disappear on new house, new car etc you will start to feel
desparate. Since you won once – you can win again right?
The likelihood of the bolt to strike two times at the same place is
crazy small. So our recommendation is to exclude yourself from gambling
using Gamstop and skip playing on the
non Gamstop
casinos based offshore. That will save you some sterlings.
Avoid handing out cash to friends and relatives
If you win the lottery, that is when your friends will come in full
force requesting some money from you. Yeah, there is that urge. However,
guess what - this can be devastating in the end. Do not feel obligated
to help your friends. Instead, you should even become meaner as you
focus your goals on investing the amount. If you help too many people,
you might find yourself with no money to invest.
Though winning a lottery is never easy, you never know it might be you
winning this week. You should be prepared for it. At least that is what
successful people do. In the end, they get more than their fair share.
You, too, should be prepared if you win the money you should do with it.
There are many instances where people who won a lottery went ton to live
a miserable life.
©
Copyright Doctor Who Online, 2020. |
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Added:
9/6/2020
Written by:
Doctor Who Online |
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