Many people want to win the lottery to fulfill all of their dreams. They think the mission is accomplished after hitting the jackpot. However, winning is only half of the battle even though it was very difficult to choose all of the right numbers. The last hurdle is to figure out how to stay rich after winning the lottery.There have been too many cases where big lottery jackpot winners have gone from having everything to nothing. It isn’t that hard to spend all of the money. Celebrities do it all of the time as well. That is why it is important for new lottery jackpot winners to make sure that they stay rich.
A big mistake that many people make after they become rich is to upgrade to a very lavish lifestyle. It is perfectly acceptable to upgrade lifestyle significantly after winning the lottery. However, it is important to not partake in the lavish lifestyle excessively. If a quarter of the net proceeds of the jackpot is gone in one year, the lottery winner may be spending way too much money. Spending a quarter of the winnings means the lottery winner will be broke within four years. That is why it is still a good idea to keep a relatively modest lifestyle. There is no law that says lottery winners have to buy a mansion and a yacht…Continue Reading
Both jackpot lottery winners and people who don’t succeed with the lottery often dream about what they could do with the money. A lot of inspiration and ideas can come from the real lottery winning stories. Even those who don’t win the lottery are entertained about what they could do if they get really lucky and win the big jackpot. One thing that can be entertaining for millions of lottery losers and the few lottery jackpot winners is to look at the ten things you could do if you won the lottery.
1. The first thing that can be done is to pay off every debt. Everything from credit cards to mortgages with 29 years left can be paid down completely with the proceeds from the lottery, especially if it is in the form of a lump sum payment. In many cases, the debt of family members can be paid off as well. The lottery ticket is an instant ticket to becoming debt free…Continue Reading