What to do if you win a lottery
posted on Aug 3, 2019 | 233 likes
You just won a lottery: What next?
Ever dreamed of winning a lottery?
Well there’s nothing wrong with dreaming even though 99.999999999% of people will never win a lottery in their life. Don’t worry, luckily, winning a lottery isn’t the only way to make a lot of money.
In this post however, we will look at what to do if you eventually win a lottery or find yourself in possession of some large fortune.
Why should we talk about it?
It’s important to be prepared because 1/3 of lottery winners go bankrupt and that’s something Page Financials wouldn’t want to happen to you, so read till end to prepare yourself just in case.
Telling everyone that you have just won a lottery is the worst mistake you can make, seriously don’t tell anyone. Don’t tell your boss, don’t tell your loud-mouthed cousin with the mustache, don’t even tell your kids (if you are married).
You can tell one person: your spouse, and tell the person not to mention it to anyone even their mother.
Your motto for the next 6 months should be “Keep Calm”.
Mavis Wanczyk (who won the $758.7 million Powerball) did not follow this advice and decided to tell her boss, the press, and therefore the whole world. Immediately after, random people came out of the woodwork and the police have had to watch her house.
See these people listed below, they will be trying to find you once you make that public announcement.
- Scammy “wealth managers”
- Uncle “whatever” who wants you to invest in his “bad business”
Keep calm, at least for the first 6 to 12 months. You can always tell people when you have built a solid structure to manage your wealth.
Remember that once you let the cat out of the bag, you can’t put it back in. So be quiet and don’t tell anyone for now.
Get two new best friends: your Lawyer, and your Financial adviser.
I understand that having a lawyer currently might sound bizarre to you, but once you win those millions, you will need one, a pretty good one at that.
This lawyer is now your underground connection with the outside world.
Who contacts the lottery to tell them about the winning ticket? Not you (remember Rule #1). Your lawyer will handle that.
Who do they make the check out to? Is it to you? Well it could be, or couldn’t, depending on what your lawyer feels is best for you at the time as per staying calm and containing the news. Your lawyer could set up an anonymous trust for you.
And now to your next best friend, you will need a financial adviser who will guide you through the next few months of setting up your new financial systems.
A simple Google search will present you with some results on financial advisers that you can talk to at a fee.
The search results are enormous and you could mistakenly pick the wrong one. We recommend speaking to the expert financial advisers at Page Financials who will guide you through this very sensitive period of your life.
If you choose to source a financial adviser by yourself, then you should certainly stay away from any one that asks for certain percentage of your money, that’s a red-scam flag.
Financial experts at Page Financials are more interest in helping people achieve their goals through simple strategic financial structures, they provide guidance and counselling for FREE.
Do not change anything…Just yet.
You know all those movies about how a group of criminals get away with a heist, but one over-zealous of them gets the entire crew caught because he goes out the next day and buys a private jet?
Don’t be like that guy.
For at least 6 months, you don’t need to change anything. No new car, no extravagant trips, don’t quit your job.
Your two new best friends (Rule #2) will help you get set up.
If you really need to quit your job, then you really need to pick up something else that can serve as your cover when asked.
For example, you could say you are now a private consultant, or a freelancer. Just pick something honorable enough to make people believe that your sustenance isn’t getting any secret sauce.
Winning a lottery is everyman’s dream, and congrats if you become of the very few people who will ever win one.
However, like every other monies we make, if not managed well, lottery money could be gone like a breeze.
If you take the advice we’ve given above, you can turn your lottery money or any money at all into whatever you want it to be.
Have any questions on how to build a strong financial structure for yourself? Contact Page on 016317245 or send an email to firstname.lastname@example.org