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Author Topic: A person who won 600k$ in lottery  (Read 2133 times)
ethereumhunter
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October 31, 2023, 08:05:59 AM
 #341

It is not his kindness that make him giver but His ego and wanted a popularization , because helping is normal but if you are giving everything even the food for the mouth of your family then that is completely a bad attitude.
the man is truly a Big headed person that don't know how to value His winning , buying luxurious things when you did not established a Business to cover your daily expenses is a stupid idea.
how can you sustain a luxurious living when all the winnings are just being spend and nothing comes back? that is the problem in most Lottery winner that just enjoyed their Happy days for couple of years and ending going back being poor person, money is never permanent not unless we knew how to earn it back.
but the reality is that most people who win big waste their money on things they don't need. they use their money to buy luxury things that they wanted in the past such as cars, houses, etc. the result is as you said, when their money runs out they are confused about getting more money and in the end they sell their assets to cover all their needs and when everything goes wrong they end up bankrupt. this is the reason why when someone wins big, they need to hire a financial manager or investment manager to be able to manage their money so that with this they can manage the money from their gambling winnings well and with more direction.
Yes, it's understandable if they waste their money on things they don't need because they've never had much money. Once they have the opportunity to have a lot of money, they use all their money to buy things they don't need instead of preparing for the future by creating a new business that can provide income for them. We have to take lessons from them so that if we can win the lottery or other gambling games and it is big money, we have to think about our future. It is better for us to focus on finding and creating new businesses that can provide income so that we will not depend on gambling to make money. If we can make money from a new business, we can still gamble but not to make money but just to have fun.

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October 31, 2023, 09:14:26 AM
 #342

Celebrate your big win, buy some necessary but expensive things, and invest the rest in Bitcoin. That would be my advice.
Yes, it's true that buying bitcoin is the best investment, let alone gold, but I think when you get big money from a lottery win that big, you need something called a financial advisor so that the money doesn't run out for nothing, even though investment is important, turning that money into a business would be better. This is even better because there is a circulation of money and income is very important, because money can run out for life's needs if it is not accompanied by income.

I think it is also important to build a business from winnings apart from investing in bitcoin or gold because that way life can be calmer and you can stop all kinds of gambling, apart from that celebrate winnings only with family because it won't cost much at least it makes people all around us enjoying the results of that victory.

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Fivestar4everMVP
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October 31, 2023, 09:27:45 AM
 #343

It is not his kindness that make him giver but His ego and wanted a popularization , because helping is normal but if you are giving everything even the food for the mouth of your family then that is completely a bad attitude.
the man is truly a Big headed person that don't know how to value His winning , buying luxurious things when you did not established a Business to cover your daily expenses is a stupid idea.
how can you sustain a luxurious living when all the winnings are just being spend and nothing comes back? that is the problem in most Lottery winner that just enjoyed their Happy days for couple of years and ending going back being poor person, money is never permanent not unless we knew how to earn it back.

but the reality is that most people who win big waste their money on things they don't need. they use their money to buy luxury things that they wanted in the past such as cars, houses, etc. the result is as you said, when their money runs out they are confused about getting more money and in the end they sell their assets to cover all their needs and when everything goes wrong they end up bankrupt. this is the reason why when someone wins big, they need to hire a financial manager or investment manager to be able to manage their money so that with this they can manage the money from their gambling winnings well and with more direction.
Hiring a financial or investment manager is a good idea, but this is if the person in question who won the big amount of money has no sense of his or her own, has no vision of his or her own, and also, have no future plans of his or her own.

Someone like me need no financial or investment manager even if I win $10 billion dollars from lottery, I already have plans of what I want to achieve laid down, I have plans of businesses I want to build laid down, what I am waiting for now is for the money to start the process to come.

It is commonly said that, lack of planning is planning to fail, so, this simply means that, as a person, you are either planning to succeed by planning, or planning to fail, by not planning.

Reason why some people who are lucky enough to win the lottery end up being broke, is due to lack of vision, lack of goals. If someone with a good vision and plan for the future wins the lottery, he or she may never ever know poverty again because, he or she will sure make good use of the money with or without a financial or investment manager.

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October 31, 2023, 10:08:15 AM
 #344

Celebrate your big win, buy some necessary but expensive things, and invest the rest in Bitcoin. That would be my advice.
Yes, it's true that buying bitcoin is the best investment, let alone gold, but I think when you get big money from a lottery win that big, you need something called a financial advisor so that the money doesn't run out for nothing, even though investment is important, turning that money into a business would be better. This is even better because there is a circulation of money and income is very important, because money can run out for life's needs if it is not accompanied by income.
Does that mean we have to look for an advisor and will continue to use the services of an advisor to determine how we manage the money we have?
This is not a bad idea but doing something like that means we also have to look for someone we can really trust because he will also know how much and where we store all our existing assets, I actually think this will be difficult and provides little risk because finding people who are truly trustworthy is very difficult.

It is better to immediately use most of the winning money as an investment in several Crypto assets such as BTC or in shares that have a high value and fairly brilliant long-term investment guarantee.

Quote
I think it is also important to build a business from winnings apart from investing in bitcoin or gold because that way life can be calmer and you can stop all kinds of gambling, apart from that celebrate winnings only with family because it won't cost much at least it makes people all around us enjoying the results of that victory.
But to build business we need to learn lot about running business and how to overcome every problem that might occur in a business that we build.
Building business is not as easy as we imagine because if we only rely on money without any experience or knowledge then everything will be in vain because we will only rely on people to solve every situation we have to face.

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October 31, 2023, 10:33:00 AM
 #345

Quote
What would you do if one day you won the lottery? What are you planning to buy and who do you want to include in your success?
First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.



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October 31, 2023, 12:43:00 PM
 #346


but the reality is that most people who win big waste their money on things they don't need. they use their money to buy luxury things that they wanted in the past such as cars, houses, etc. the result is as you said, when their money runs out they are confused about getting more money and in the end they sell their assets to cover all their needs and when everything goes wrong they end up bankrupt. this is the reason why when someone wins big, they need to hire a financial manager or investment manager to be able to manage their money so that with this they can manage the money from their gambling winnings well and with more direction.

This is the harsh reality of those people who got rich quickly that has no prior knowledge about financial aspects. It's a very rare opportunity to win a huge amount nowadays in a snap. Being lucky enough to have 600,000 dollars at your disposal is really a blessing especially if you aren't well-off to begin with. With this amount, you can do so much for the long term. However, some people who aren't really financial literate, they tend to overspend to heal their inner child without prioritizing the necessities and saving for the future.

It's okay to purchase car, and a house and lot. These things can be an asset and not a liability if the owner will make a way for these things to generate income. At some point it can be an investment too since the price of house and lot continuously increase as years pass by. Car can be used for personal matters and can be rented to generate profit. Buying some luxurious things is tolerable too, only if the amount will not hurt the budget and will be of good use. Perhaps this can be treated as a reward for yourself as long as it is only for a few times expenditure. This way, you can enjoy your winnings too. But of course, everything needs to be listed accordingly. You can heal your inner child and buy some things that you want and the things you need without being a one-day millionaire. Proper budget allocation is the key. If you will prioritize what's urgently needed to what isn't, you will not end up being bankrupt and you won't have to sell what you bought just to have money once again.
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October 31, 2023, 10:58:49 PM
 #347

In recent months, what I have observed is that most people who earn a lot of money from gambling tend to use the money they earn in such a way that the money runs out quickly. It seems like they have never taken money in their lives, they don't buy a house, they don't buy cheap cars, they spend money in luxury hotels and on trips with women, they abandon their families and years later when they appear on TV it's because they're broke again. It's something I've seen happen even with sports betting winners in my country. yesterday in my country there was a guy who committed suicide because the guy put a lot of money into gambling and lost everything

until now no one knows the origin of the money he used to gamble, but because he committed suicide, it can be assumed that he used money he could not afford to lose, the cases of people who put money they cannot afford to lose The luxury of losing in my country is becoming scary. This is because when they earn a lot of money, they soon run to a luxurious life and other people start to copy them too, and put in a lot of money because that way, when they earn a lot, they will be rich. It's unbelievable that they can have the cruelty to abandon their families when they win a lot of money gambling.

I start to think why people change so quickly when they have money, people become unrecognizable. They start to talk differently, they dress differently. It's something shocking what I've seen with lottery winners. And the saddest thing is that these winners of gambling games earn a lot of money and become poor in a few years and hardly show any regret

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November 02, 2023, 07:16:29 PM
 #348


Yes, because with buying a nice house and a good car you've spent some money on yourself already, right? And that's not a small amount of money, to say the truth, that can easily take almost all of your won money. I'm not a big fan of cars, so, can't say about that, but I know that a nice house can cost you half a million USD, and I'm not talking about the most expensive ones. An average price in California is $780,000, for example, so, $600k wouldn't be enough.

And I totally agree with you about investing the rest of the money in Bitcoin. Especially today, when the price is low.

What if that person doesn't have an idea when it comes to bitcoin? So what you've said about "investing the rest of the money in Bitcoin" is not applicable to all people who don't have a slight idea about it. But maybe for some people like us that are prominent in the field of cryptocurrency or bitcoin, the number one thing that we will do is invest some or a large amount of our winnings in bitcoin because we see the potential profit in bitcoin, which is good timing right now. But treating yourself to some luxury things will not be bad, either because you deserve it or because the winner deserves it. Just control the expenses and buy only the things that you necessarily need. How I will I will win in lottery I already have plans on how will I spend some and how will I invest some.
That impossible I sure 90% of people in various countries know about Bitcoin but not all of them believe in the value usefulness and use of Bitcoin.
There has also been a lot of education about crypto especially Bitcoin in various circles except for most of the rich people out there who have used Bitcoin as one of their investment assets because it is very profitable.

If what we are talking about is in year 2015 and under then I believe that not many people know about Bitcoin but now this is the modern era which has developed more rapidly.
It impossible for rich people not to know about Bitcoin.

If you think carefully about it using some of your winnings from gambling to invest is wise decision.
If I personally got the win I would definitely use some of it to invest in crypto especially Bitcoin.

Well if you put it in that plane, yes, you are right, the casino profits should not be used to buy, to enjoy the profits, not to reinvest them and place them in the casino, because it does not make sense, things when they are not very detailed To do what Corresponds to what should be done in a casino you have to go towards what we know as a good management of risks, and of our money, I always make the first option before playing my destiny at risk. perer and if I win, I immediately repeat it, as you say to enjoy that money, to buy, and one of the best investments that can be made is to buy bitcoin, in addition we all know that the eahroa bitcoin is being very prominent, it has a lot to do and they talk a lot about the same crypto currency, for many it is new, for bulls that are new and think that it is going to go to about $100k they have no doubt in buying, that is a right decision, I would not say that any of these things are completely true that bitocin could rise , but if it will, when? It is not known, but he will do it for sure.

I am one of those who consider that Bticoin is one of the assets that we must have in our investments , and the more that can be purchased it seems much better to me , because this only completes the action of being able to have savings for a lifetime, That is something that we must see and consider as insurance better than a retirement or better than anything else, that is what guarantees us the best insurance for everything, I think that things when dealing with bitcoin are clearer for people. They get a little reluctant when they don't know bitcoin, because they think it's a lie, or that they're going to be Scammed , it's difficult to get people to buy bitcoin and believe in bitcoin after they see the news and it poisons their mind to everything, then you couldn't do Anything else but that, I would say that it can be done very well when you Need to have money.

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November 02, 2023, 07:22:30 PM
 #349

In recent months, what I have observed is that most people who earn a lot of money from gambling tend to use the money they earn in such a way that the money runs out quickly. It seems like they have never taken money in their lives, they don't buy a house, they don't buy cheap cars, they spend money in luxury hotels and on trips with women, they abandon their families and years later when they appear on TV it's because they're broke again. It's something I've seen happen even with sports betting winners in my country. yesterday in my country there was a guy who committed suicide because the guy put a lot of money into gambling and lost everything

until now no one knows the origin of the money he used to gamble, but because he committed suicide, it can be assumed that he used money he could not afford to lose, the cases of people who put money they cannot afford to lose The luxury of losing in my country is becoming scary. This is because when they earn a lot of money, they soon run to a luxurious life and other people start to copy them too, and put in a lot of money because that way, when they earn a lot, they will be rich. It's unbelievable that they can have the cruelty to abandon their families when they win a lot of money gambling.

I start to think why people change so quickly when they have money, people become unrecognizable. They start to talk differently, they dress differently. It's something shocking what I've seen with lottery winners. And the saddest thing is that these winners of gambling games earn a lot of money and become poor in a few years and hardly show any regret
We know that on the time that we do able to held up a money on which it wasnt really that happened before or in our entire life then spike of emotions would really be there considering that this is a life changing moment
and its normal that you would really be thinking on buying up first on the things that you do want or wish more but it turns out that it is really that too much or not really that have sense anymore which buying on whatever you do have in mind is something that needs to be controlled.I do agree that majority of those people who do win jackpots or big amount on gambling will definitely be ending up on spending up those money back into the
gambling site or physical casino or whatever that involves gambling.

They would really be able to know and realize when its already too late on which they should really have done earlier. Well, regrets do always come at the end and once you have gone bankrupt again then there's no turning back and you would really be having that regret for the rest of your life basing up on how much money you had lost up or wasted up which you should supposedly to make use on the right way for you on not to
make yourself again on being poor or on average person in terms of finances. You would really be that ending up on a disaster if you do really tolerate out that kind of behavior.
Not all winners like this though yet there are ones who are really that minding about financial management because they dont like on being poor once again.

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November 02, 2023, 07:41:25 PM
 #350

In recent months, what I have observed is that most people who earn a lot of money from gambling tend to use the money they earn in such a way that the money runs out quickly. It seems like they have never taken money in their lives, they don't buy a house, they don't buy cheap cars, they spend money in luxury hotels and on trips with women, they abandon their families and years later when they appear on TV it's because they're broke again. It's something I've seen happen even with sports betting winners in my country. yesterday in my country there was a guy who committed suicide because the guy put a lot of money into gambling and lost everything

until now no one knows the origin of the money he used to gamble, but because he committed suicide, it can be assumed that he used money he could not afford to lose, the cases of people who put money they cannot afford to lose The luxury of losing in my country is becoming scary. This is because when they earn a lot of money, they soon run to a luxurious life and other people start to copy them too, and put in a lot of money because that way, when they earn a lot, they will be rich. It's unbelievable that they can have the cruelty to abandon their families when they win a lot of money gambling.

I start to think why people change so quickly when they have money, people become unrecognizable. They start to talk differently, they dress differently. It's something shocking what I've seen with lottery winners. And the saddest thing is that these winners of gambling games earn a lot of money and become poor in a few years and hardly show any regret
We know that on the time that we do able to held up a money on which it wasnt really that happened before or in our entire life then spike of emotions would really be there considering that this is a life changing moment
and its normal that you would really be thinking on buying up first on the things that you do want or wish more but it turns out that it is really that too much or not really that have sense anymore which buying on whatever you do have in mind is something that needs to be controlled.I do agree that majority of those people who do win jackpots or big amount on gambling will definitely be ending up on spending up those money back into the
gambling site or physical casino or whatever that involves gambling.

They would really be able to know and realize when its already too late on which they should really have done earlier. Well, regrets do always come at the end and once you have gone bankrupt again then there's no turning back and you would really be having that regret for the rest of your life basing up on how much money you had lost up or wasted up which you should supposedly to make use on the right way for you on not to
make yourself again on being poor or on average person in terms of finances. You would really be that ending up on a disaster if you do really tolerate out that kind of behavior.
Not all winners like this though yet there are ones who are really that minding about financial management because they dont like on being poor once again.
Just like in my case on which i had won up some small amount on some mini-lottery type of game here in our place or country which you could be able to bet up 3 digit numbers and
winning some amounts basing up on how much you had bet and on the time that i have win up some considerable amounts then the primary thing that i do have in mind is to buy up a mobile phone
and a motorcycle on which other people will really be thinking about having investment or would be saving up for emergency purpose which i do agree on what you have said that
its easier to say than doing it on which means that it all matters with the control of a certain individual. Later on when i do make again some hits then i do save up the money and never ever tend to waste it up again.
Yes, these amounts had been earnt on the fastest way but doesnt mean that you would be spending it on the fastest way too, there's so much things that you do need to consider before making such action.

R


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November 03, 2023, 10:03:53 AM
 #351

Quote
What would you do if one day you won the lottery? What are you planning to buy and who do you want to include in your success?
First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.
You can do all that pretty easily but only if you are not a regular gambler and you have won that amount just by trying your luck in gambling or a lottery just like that, or maybe you do it but occasionally. However, if you are a regular gambler, you will barely be able to stop gambling no matter how much money you've won. Do you know what you will think? You will say to yourself that if you could win such a big amount with just a small amount, what you can win if you use a large amount and bigger bets? And then you will gamble more with bigger bets and if you don't stop, you might even end up losing everything in it.

So, all these plans and everything are for people who are not regular or addicted gamblers but those who gamble but do it with discipline and care and barely spend more money than they are supposed to lose in gambling. Only such people can make full use of the money they've won from the lottery or a gambling game.

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November 03, 2023, 04:21:06 PM
 #352

Quote
What would you do if one day you won the lottery? What are you planning to buy and who do you want to include in your success?
First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.
You can do all that pretty easily but only if you are not a regular gambler and you have won that amount just by trying your luck in gambling or a lottery just like that, or maybe you do it but occasionally. However, if you are a regular gambler, you will barely be able to stop gambling no matter how much money you've won. Do you know what you will think? You will say to yourself that if you could win such a big amount with just a small amount, what you can win if you use a large amount and bigger bets? And then you will gamble more with bigger bets and if you don't stop, you might even end up losing everything in it.

So, all these plans and everything are for people who are not regular or addicted gamblers but those who gamble but do it with discipline and care and barely spend more money than they are supposed to lose in gambling. Only such people can make full use of the money they've won from the lottery or a gambling game.
The thinking behind it is definitely shady; believing in exponential gains always ends in a downhill spiral. The problem here is the tempting belief that bigger risks are worth taking in order to win big, which is clearly not true. This kind of behavior is definitely dangerous because it goes against the rules of safe gambling.

Also, your explanation of the difference between a casual bettor and an addict is very helpful. A big part of safe gambling is being disciplined enough to set limits and stick to them. The seriousness of your words serves as a warning that getting a windfall should be approached with care and wisdom, so that the gains are protected and used wisely.

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November 03, 2023, 04:37:49 PM
 #353

This story shows that if we've won the lottery jackpot or any gambling game and it seems to be a huge amount, money is quickly going to be gone if we don't spend it wisely. Maybe you owe a lot of people because they've helped you but it's better if you just leave it as is because that's forever in your heart and you'll remember that forever. But if you want to give back to them, make sure that you're not giving all to them.

The first mistake that people who win the lottery always make is thinking they owe society a lot just because they won that money from the lottery, which appears to be unexpected money, and they need to spend it without looking back. That's the first mistake many winners always make. Another is thinking you need to settle all your circles of friends with that winning in order for them to look at you in a positive way.
 
There is no crime in giving, but before you start distributing money, just note that a large amount of money is often misused by the owner if care is not taken. This is because they believe that the money will never run out and they have more to spend. The best thing for a wise person to do is not to start distributing money to anyone until you have mapped out a business plan that will bring in a stable cash flow for you.
 
If you fail to plan well, those who you spent the money with when it was there will still be among those who will mock and laugh at your misfortune for being a careless spender. That's why you need to advise yourself and don't worry about what other people think.

.
Duelbits
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November 03, 2023, 07:25:35 PM
 #354

This story shows that if we've won the lottery jackpot or any gambling game and it seems to be a huge amount, money is quickly going to be gone if we don't spend it wisely. Maybe you owe a lot of people because they've helped you but it's better if you just leave it as is because that's forever in your heart and you'll remember that forever. But if you want to give back to them, make sure that you're not giving all to them.

The first mistake that people who win the lottery always make is thinking they owe society a lot just because they won that money from the lottery, which appears to be unexpected money, and they need to spend it without looking back. That's the first mistake many winners always make. Another is thinking you need to settle all your circles of friends with that winning in order for them to look at you in a positive way.
 
There is no crime in giving, but before you start distributing money, just note that a large amount of money is often misused by the owner if care is not taken. This is because they believe that the money will never run out and they have more to spend. The best thing for a wise person to do is not to start distributing money to anyone until you have mapped out a business plan that will bring in a stable cash flow for you.
 
If you fail to plan well, those who you spent the money with when it was there will still be among those who will mock and laugh at your misfortune for being a careless spender. That's why you need to advise yourself and don't worry about what other people think.
That's one of the reason if the winner can't contain their excitements, they didn't think properly because the only thing that matters to them is the reality that they won and the feeling of being obligated to share or to give some parts of the prizes to others, which is somehow acceptable but It should be distributed fairly. Having a poor financial decision and actions will lead you to some thing that you might regret in the future so it's better to have a smart plan when Huge amount of money involves.



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November 03, 2023, 07:39:24 PM
 #355

First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.

Agree with your first few points but your last wish to include your friends, family and relatives in your success meaning that you will be distributing your winnings among them too seems to be a bit too generous and i don't think you should do it. Yeah, if someone is really poor and needs urgent money, you may give him as a loan but giving away free money may have many bad effects in the long run. One of the disadvantages of giving free money is that the receiver sometimes thinks that you should keep giving him all the time and develop unrealistic expectations from us.

Also, if next time you do not give any money to him, he may become angry with you and it may go as wrong as having a bad relationship with that person whom you have helped once. Shocked

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November 03, 2023, 08:13:32 PM
 #356

First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.

Agree with your first few points but your last wish to include your friends, family and relatives in your success meaning that you will be distributing your winnings among them too seems to be a bit too generous and i don't think you should do it. Yeah, if someone is really poor and needs urgent money, you may give him as a loan but giving away free money may have many bad effects in the long run. One of the disadvantages of giving free money is that the receiver sometimes thinks that you should keep giving him all the time and develop unrealistic expectations from us.

Also, if next time you do not give any money to him, he may become angry with you and it may go as wrong as having a bad relationship with that person whom you have helped once. Shocked
Its not really that bad to be generous specially we are talking about family members but on relatives and friends? I wont really be surely be putting up that kind of consideration. I would really be definitely be putting up emphasis or importance with my own family and giving on their needs or wants of course but considering other people? Its never been my consideration.
When it comes to financial management then it would really be that something crucial because those winnings might really be that significant then it would really be needing for you to be wise
on how you should gonna spend it or allocate into business.

Majority of people would really be considering on buying this and buying that without minding about their future or tomorrow and on the time comes that they do have
only small amount of money then this is where regret do kicks in. Dont let that time come and be wise with your spending because money is really just that
temporal and if you arent that good on handling it then expect for these things to happen.

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November 03, 2023, 09:38:42 PM
 #357

Getting luck with such big wins is usually not common with the lottery as it happens once awhile, and when you are so lucky to be a winner it's expected to be wise with how you spend such money as it may definitely run out one day it doesn't matter how huge the sum.

Investing when you get such amount is a popular opinion most persons do share but then it's very important to invest rightly aswell because there are some bad investments that will end up in losses and it would be as bad as not investing at all so it very important that if you are lucky with such amount, look for the right investment that is realistic enough and probably venture into and not just investing in anything, investing rightly long term will help change anyone who has such money for life.

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November 07, 2023, 07:36:17 AM
 #358

Celebrate your big win, buy some necessary but expensive things, and invest the rest in Bitcoin. That would be my advice.
~ apart from that celebrate winnings only with family because it won't cost much at least it makes people all around us enjoying the results of that victory.

Yes, that's what I was trying to say basically. "Celebrate" is the key word here. I also would suggest to celebrate with your family, with your close ones. They deserve it more than others. If you invest all your money in a business, then you might end up with nothing at all. So, that option should be excluded from the beginning.


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November 07, 2023, 11:27:56 AM
 #359

Getting luck with such big wins is usually not common with the lottery as it happens once awhile, and when you are so lucky to be a winner it's expected to be wise with how you spend such money as it may definitely run out one day it doesn't matter how huge the sum.

Investing when you get such amount is a popular opinion most persons do share but then it's very important to invest rightly aswell because there are some bad investments that will end up in losses and it would be as bad as not investing at all so it very important that if you are lucky with such amount, look for the right investment that is realistic enough and probably venture into and not just investing in anything, investing rightly long term will help change anyone who has such money for life.
If we are successful in winning lottery tickets and can get a lot of money, we can use the winning money to prepare our future to get a better future. But people out there who are already winners of the lottery need to prepare their future with their winnings and not use them for things they don't need, especially just buying luxury items. That is optional because these luxury goods will not be able to meet their needs in the future. But if they can think about their future well and allocate it to their savings, they can slowly change their lives for the better.

Having an investment is a must for them in preparing for their future because from that investment, they can get additional profits that will be useful for their future. With all the preparations they have made, they can change their current lives so that they don't waste the winnings they have earned. They can also hire a financial consultant to help them manage their finances for the future so that they only need to live their lives well without having to live in luxury.

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November 07, 2023, 11:45:16 AM
 #360

Quote
What would you do if one day you won the lottery? What are you planning to buy and who do you want to include in your success?
First, I will stop gambling. Second, I will invest on Bitcoin, silver and gold coins and real estate. Third, build my dream house, buy a car, and my hobbies like guns. I prioritize needs before buying my wants. I also want to include my family, relatives and friends in my success.
Honestly if I win so much in the lottery I won't waste my gambling because if I gamble I will lose everything. It would be better to invest in bitcoins for the future along with meeting your own needs. There is no fear of losing here, the amount won in the lottery will double if you invest it for long term digital tokens like bitcoin can provide you with high levels of profitability. Real estate and gold will be impacted if the country's economy suffers bitcoin has no such implications for being decentralized.

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