Often times when people win the lottery, they get to excited and take rash decisions on the spot. These decisions taken on the spot can make or mar them. However, majority of them take decisions that make them go back to square one after some years. Study has shown that lotto winners tend to go broke after a while. So, in order to avoid going from grass to grace to grass, follow this easy steps on what to do when you win the lottery.
KEEP QUIETThe first thing to do when you win the lottery is to keep quiet. Don’t go about telling your children, cousins, best friends, loud mouthed neighbors, your boss, colleagues at work and every one you believe would be happy for you. The only person that should know about your winnings is your spouse. Telling too many people about it will only lead to poor decision making- due to different advises. So for the first few months, keep quiet and make your plans with a clear head.
GET A LAWYER AND FINANCIAL ADVISER You can’t go wrong if you make these two guys your best friends. At this point in your life, you really need to walk hand in hand with them so that they can help you make good decisions. I am sure you wouldn’t want to declare bankruptcy after few years of winning, therefore make sure you don’t skip this crucial step.
STRATEGIES BEFORE MAKING DECISIONSBeing strategic will help you not to make the same mistakes thousands of lottery winners have made in the past.
» Do you need to change your car? No.
» Do you need to start wearing designer wears? No.
» Do you need to quit your job? No.
» You don’t need any of these in the first 6 months.
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