If you dont want to be a statistic, its wise to read up on the best ways to handle your lottery winnings before the unthinkable happens.
You can afford that, too.
Related: What would you do if you won the lottery?To learn the next best steps for any lottery winner, we reached out to several financial advisors to hear their advice.But, who should you hire?Johnson shares her obsession with frugality, budgeting, and travel.Take some time to let the winning sink in before you quit your job or go out and make some large purchases, such as the gated mansion or luxury vehicles.But, with the wrong moves, your winnings could easily cause your life to fall apart.Step 2: Hire a team of professionals.1 Contents Track listing edit " In the Mood " ( Joe Garland, Andy Razaf ) play texas holdem online for real money does 2:39 " This Ole House " ( Stuart Hamblen ) 3:02 " Beast of Burden " ( Mick Jagger, Keith Richards ) 3:48 " Just My Imagination (Running Away.And even if you dont win the lottery, making smart moves with the money you do have will still leave you better off.While winning the lottery can be a load of fun, it can also be a case of mo money, mo problems.
It is not to be confused with.
When you win millions of dollars, it can be tempting to splash some cash around right away.As ABC news notes, Whittakers initial lottery plans were golden; he planned to build churches in the area and give back to his community, all while creating the perfect life for his family.Before you cash in your lottery winnings or tell anyone outside of your immediate family, you need to make sure youve got your ducks in a row.Arranged By Barry Manilow Arranged By Horn String Thom Bell Mixed instagram bingo By Bob Liftin Producer Joel Dorn Written-By Bobby Freeman 2:44 14 Baby Mine Mixed By Jack Joseph Puig Producer Arif Mardin Written-By Frank Churchill, Ned Washington 2:27 15 From A Distance Arranged By Arif.Over the course of a few hours, youve gone from regular middle-class schmuck to millionaire.Thats right: Winning millions of dollars overnight isnt always the dream its made out.
Step 3: Get ready to pay.
To build real wealth, you need to learn to hold onto the money you have.