Most of the people we know including ourselves have bought at least one lottery ticket during their lifetime for hope of winning a couple of millions if not hundreds. Some of us have even gone as far as having mental lists of what we are going to do with that money once we cash it. Dreams of vacations in luxurious resorts, expensive designers' apparel and splendid jewelery start haunting our thoughts and minds till the results of the lottery are out. We might be coming from different states but winning the lottery in America is the same.
Have you ever thought of the situation right after you would win such an important prize? Let's assume you have won some hundred million dollars... what would your reaction be? Of course, you will be very happy and content, jumping with you and wanting to share the news with your loved ones, thinking of all the expensive things you wanted to buy or do that you once could not pay for...
First, media people, journalists, even companies would be interested in your every move. Some corporations might even ask you to endorse one of their products and overnight you might turn to be a public figure.
I guess not, everyone wants to share a part of the pie, a part of your pie...Charities will bombard you with projects that they need endless financing for. Banks will beg you to be their client and so on and so forth? And the result? A headache you cannot get rid of!
It is always better to postpone telling the news until you are sure how you are going to handle the above scenarios. Now, it is time to think of the money. Will you accept a lump sum or will you prefer annual payments? Will you spend them all right away or will you start thinking of investments that would multiply the amount you already won?
Then, you will have to think of whether you want the money in a lump sum or you prefer annual payments. You have to remember your taxes also to avoid penalties you are not in need of. After that, you should start to think of what investments you want to make? Do you want to enter the stock market? Do you want to open your own business? Do you want to apply for a franchise?
After deciding about that, you will start thinking of your life and how it was before you won the prize and how unsatisfied you were. You might rush into some decisions you could later regret like quitting the job you have waited for so long to take or buying a new house in a neighborhood where your new neighbors are not as nice and friendly as the old ones and zillions of other decisions you will find yourself forced to make in such a long time.
Although winning a multi-million prize is an interesting and exciting event, it will have many implications on the way you live your life. Think of how people want to see you, the arrogant high haughty person who forgot his life once he had cash or the loving amazing person who made everyone happy when he had the opportunity?
Have you ever thought of the situation right after you would win such an important prize? Let's assume you have won some hundred million dollars... what would your reaction be? Of course, you will be very happy and content, jumping with you and wanting to share the news with your loved ones, thinking of all the expensive things you wanted to buy or do that you once could not pay for...
First, media people, journalists, even companies would be interested in your every move. Some corporations might even ask you to endorse one of their products and overnight you might turn to be a public figure.
I guess not, everyone wants to share a part of the pie, a part of your pie...Charities will bombard you with projects that they need endless financing for. Banks will beg you to be their client and so on and so forth? And the result? A headache you cannot get rid of!
It is always better to postpone telling the news until you are sure how you are going to handle the above scenarios. Now, it is time to think of the money. Will you accept a lump sum or will you prefer annual payments? Will you spend them all right away or will you start thinking of investments that would multiply the amount you already won?
Then, you will have to think of whether you want the money in a lump sum or you prefer annual payments. You have to remember your taxes also to avoid penalties you are not in need of. After that, you should start to think of what investments you want to make? Do you want to enter the stock market? Do you want to open your own business? Do you want to apply for a franchise?
After deciding about that, you will start thinking of your life and how it was before you won the prize and how unsatisfied you were. You might rush into some decisions you could later regret like quitting the job you have waited for so long to take or buying a new house in a neighborhood where your new neighbors are not as nice and friendly as the old ones and zillions of other decisions you will find yourself forced to make in such a long time.
Although winning a multi-million prize is an interesting and exciting event, it will have many implications on the way you live your life. Think of how people want to see you, the arrogant high haughty person who forgot his life once he had cash or the loving amazing person who made everyone happy when he had the opportunity?
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