Global Sports: What to do when you've won the lottery

Thursday, November 24, 2011

What to do when you've won the lottery

By Niall Walker


The lottery is hugely popular right now, and it looks set to stay that way for years to come. There are many different lottery tickets to choose from, but the people who buy them do so for one reason. This is to win themselves a life-changing amount of money.

Winning a lottery jackpot can mean a lot more to some people than just being able to buy new possessions or to go on a luxury holiday. A lottery win can give you the means to change your life for the better, as it gives you so many more opportunities.

You should know that there is no right or wrong way to use or spend the money you win on the lottery, but there are a couple of goals you should bear in mind. It is a good idea to spend your money wisely to ensure that you make the very most of it, and you should also try to make it last as long as possible.

There are two things you can do when you first check the lottery results and it sinks in that you are a winner. The first is to clear all debts, bills and suchlike, and the second is to go on a spending spree. Often, lottery jackpots are so huge that spending some of it on new possessions or holidays makes virtually no difference.

A lot of people also use their winnings to buy a new house, car or to start a new business. These are the big purchases which can really eat into your winnings, but they are the things that make the biggest difference to your life.

Another good way to use your lottery prize is to save or invest some of it, to secure your future. Alternatively, you could be extremely generous and give it away to family, friends or charities, to make other people's lives better as well as your own.




About the Author:



No comments:

Post a Comment