Tuesday, January 22, 2013

So you won - or want to win - the lottery. What now?

If you won, congratulations. If you want to win, join the masses.

There is nothing wrong with either. However, the question begs. How come so many people that do win the lottery, end up poorer than they started with.

This site will shed some light into it. Since I am not really after your money at all, and AM NOT OFFERING ANY SERVICE, you can rely on impartial thoughts. The one thing you have to realize, once you do want the lottery. Everybody around you (and even people that do not know you) want a piece of the action.

Most people dream of winning the lottery, making up lists of what they would do with the money. These are mostly parts of other dreams, and many of the items on the list are far from the reality of even a lottery winner. For instance, owning a plane.

Others make up lists promising to donate money to charity, hoping to win sympathy from God.

The reality is, most of the few people who do win large sums of money in the lottery, are not at all ready for it, did not do any homework, and end up in trouble, just like you professional athletes and entertainers manage to lose millions upon millions of dollars, and end up poor.

Most of the advice here is not sexy, not hedonistic at all. The aim is to help you manage your money prudently, without paranoia, however, understanding that the one event that was your life's dream can turn out to be a long nightmare.

Read on.

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