The Best Steps to Take After Winning a HUGE Lottery

Find out about all the proper steps to take if you hit a huge jackpot in this video!

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9 - The Big Decision
Sometimes a little bit of self discipline can go a long long way. That’s especially true for people who win the lottery. I mean, let’s say you win a lot of money, such as 100 million dollars. That easily qualifies as a life changing event.

8 - Stay Anonymous
The easiest way to save yourself from a lot of trouble after winning a giant lottery is to tell as few people as possible. If you’re able to, don’t tell anyone that you won the lottery!

7 - Resist the Urge
Here’s where your self control and discipline will REALLY be tested. If you win the lottery, don’t make any major purchases that you wouldn’t normally make for a while. You have to get used to having that money first!

6 - Debt Free
If you have any debt, the first spending you should do with the money is to start paying off all your debts. Credit card bills, student loans, and yep, even paying off your mortgage. Some people advocate not paying a mortgage off if your interest rate is low because it’s lower than the return you’d earn in another investment.

5 - The Help
Biggie wasn’t lying when he said the more money you get the more problems you have. You definitely will want to have a good team of professionals to help with all the things associated with a lottery win.

4 - The Budget
Generally speaking, making a budget and keeping to it is an essential practice to live by no matter how much money someone has. When you suddenly win a whole bunch of money, it can be easy to think that the money can last forever.

3 - The Right Picks
We’ve always been taught to invest our money. Let our money work for us. Let’s not forget, Warren Buffett made 99% of his money AFTER he turned 50. Why? It’s because of the magic of compound interest on the hundreds of millions of dollars he already made.

2 - No New Friends
If you happen to win the lottery one day, you’ll notice a very odd trend. You’ll suddenly have a lot of people who wanna be friends with you all of a sudden. However, more often than not, these people are after your money.

1 - Asset Protection Strategies
Even though we just went over the practice saying no, sometimes we’ll wanna say yes! But we need to accept that the times that we do say yes, you’ll probably never see the money again, and just be okay with that.

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