Winning the lottery may just be the luckiest way anyone can become rich. People have won hundreds of millions of dollars previously, and that is set to continue till probably, infinity. While you may invest a lot of thought when picking the right figures, it is logical to admit that winning lottery is majorly a result of chance.
That said, how would you react if you won the lottery while on a trip?
Regardless of where you were when you got a notification that you have won the lottery, try as much as you can to remain calm and collected. Of course, it is easier said than done; but the truth is you do not want to make a scene and attract all the attention to yourself that you have just won some millions of dollars.
Many people would tell you to start calculating your net worth and investing as much as you can. That’s one of the worst advice, you’ll get, and if followed through would likely lead to catastrophic results.
If you won the lottery while on a trip, continue your journey for an extra 30 days and never look back; this way, it is easier to think on those things you really want to do with the money. You don’t want to start paying off debts even before you receive the money.
Get a Reliable Financial Advisor
There is a probability that you have never had this kind of money before. Hence, you may need the professional help of a financial advisor who would help you weigh financial decisions before going ahead to execute any plan.
More so, your financial advisor should be the kind of person who isn’t just experienced about finance but also has vast knowledge about investment. This is important just in case you want to invest the money so your personal financial advisor can tell you the stocks to look at and those you shouldn’t; the ones that are safe, and the ones that aren’t.
At this point, many people would come to you saying they need this help and that assistance. While you are obliged to give to anyone who comes around, you should know that most of them just want to have a share of the cake. They do not have any need, they want to satisfy their greed.
Give yourself some treat
It is your money, and you deserve to spend as you wish. Endeavor to give yourself some delicious treat – visit more places if you need to. During times like this, some people would be afraid of spending too much which is normal. You should spend on your well-being and do so wisely. However, take care not to let this spiral into an uncontrollable maniac.
Learn to Say No
Finally, the power of No can be the difference between your present rich status and that of being broke. You know the one you prefer. Hence, not everything should be given consideration. Even few of those things that are given attention should be carried out.