Those who have played the lottery or aware of the happenings in this sector would surely be interested in the USA Powerball lottery. The moment a person wins this lottery jackpot, he is a star, a local celebrity. But all of this happens only because he announces from the rooftop! So, media rush in and take his interviews, and he is a celebrity suddenly and now everyone knows that he has money.
What do they do? They simply might ask him for a share or worse look out for ways to cheat him out of it. Down the history, we have heard and seen many rags to riches stories as well as the reverse of these too.
It, therefore, boils down to one thing- how you protect your money, manage your privacy and save yourself after winning the jackpot.
- Signing on the reverse side of the ticket: Make sure that it is the first thing you do after winning the jackpot. Otherwise, anyone else who gets the ticket, and shows it to the lottery agent might end up being the millionaire! So, just keep the ticket safely in a place and have it with your signature legibly. Now keep the ticket under lock and key.
- Know how to spend and where: Now that the ticket is safe and sound, you can go in search of a tax advisor who would be the best person to help you. It would help you to consult him or an estate planner regarding the ways to invest the amount. Talk to him about the areas you have to settle liabilities and the ways you wish to save.
- Plan how many eggs to put in each basket: Now, clearly you will get a said amount. You should invest in some of the amounts and spend a portion for yourself, calculate your immediate wants, needs, comfort, and luxury. Do you have money saved for your future for your medical needs? Do you have money saved for your child’s higher education or even studies abroad? Do you plan to get a luxurious post-retirement life? What are the things that you would have to look into and spend on would be this step? So, take time and calculate.
- Continue steadfastly in your friendship: Nothing goes above relationships, and it is difficult to buy relationships for money. Money and relationships can never be on same levels. It is very normal for people to rush to you expecting you to fund them build a future for themselves. This entitlement might be just their expectation from you on winning the USA Powerball lottery. It is completely up to you to handle it and work on cherishing their trust and love without being rude or high handed at all.
A sound monetary condition and secured future are what settles the mind for everyone. Now that you are sure about the money, and that you and your family will live content at least on the financial level, take time to improve your personal goals in life.