What To Do When You Win The Lottery 💰- The Smart Money Does This

What To Do When You In The Lottery?

We have all dreamed of the day we get that life changing lottery winning phone call, but what happens when you do win? How long does it take to receive the lottery prize? Once you have the lottery prize in your account, what do you do then?

First when you get the call that you have won the lottery - DO NOT TELL ANYONE, you want to stay anonymous as possible after you win the lotto for your own safety, mental and physical health.

Secondly, find out if you can collect the lottery winning prize in a trust - this will help protect your assets as well as be a tax effective strategy in the future when you go to invest.

Once you receive the lottery winning jackpot in your account, pay off any debt that you have, big or small, pay down everything so you are debt free!

Now you can start planning to invest the money to set you and your family up for life!
Ideally you want to live off the interest of the money, rather than spend the lottery prize itself.

You can invest in things like Government Bonds, ETFs and Cash Flow Positive Real Estate to earn income from, these are typically safer investments.

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Видео What To Do When You Win The Lottery 💰- The Smart Money Does This канала Smash Property Investing