So, you’ve won the lottery… Now what?
Now that you have taken a break from jumping around in excitement, we’ve got some work to do.
Generally speaking, the only people who actually know what to do after winning the lottery are the ones who are already rich. But with a little bit of patience and preparation, you can begin building the personal, financial, and legal support structures that will keep you calm and protected once your transition into extreme wealth begins.
First and foremost, take a moment to learn what to do with a winning lottery ticket. Although you’ve probably got 6-12 months to cash it in, you’ll definitely want to make sure to keep that thing safe until you’re ready to collect.
Next, you should begin shopping around for attorneys and advisors. You might not realize it yet, but they are going to prove to be incredibly valuable resources you’ll be glad to have once things start to get crazy. Life can get pretty overwhelming once your friends, acquaintances, and the government start to see you as a walking dollar sign. And even if you already have tons of legal and financial expertise (and love doing paperwork), you’re still going to appreciate having some level-headed professionals around to help take the emotion out of some unavoidably difficult decisions whenever they arise.
A well-prepared lottery winner should also know how to say “No.” Once word gets out that you’ve got loads of cash, don’t be surprised when people start asking you for things. Prepare yourself now, and come up with a strategy before things start to get out of hand.
Similarly, you’ll want to be sure to avoid the lottery curse. You’d be amazed at how many people have had their lives ruined by winning the lottery. Don’t become another lottery horror story. Familiarize yourself with the potential downfalls beforehand, and learn how to manage your good fortune. Don’t let your blessing become a curse.
You’ve already beaten the odds to win your fortune. Now that you’re in control of your own destiny, take the necessary precautions to keep your luck from running out now.
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