The Life Changes of a Lottery Win
Winning a jackpot can be a life-changing experience in both a positive way and in a negative way. You may be surprised by the changes that can make you wish that you’d never won that lottery. Sad but true, many lottery winners feel this way. Let’s use the experience of previous lottery winners to prevent a winning lottery ticket from destroying your life!
High chances of going bankrupt
When you win millions of dollars, what is the first thing that comes to your mind? Quitting your job? Doing something have always wanted to do? Touring the world? Collecting expensive cars or handbags? The question is: how long can you keep this up? If you are living off your winnings, you will eventually run out of money and go bankrupt. Then you are back to the same boring job as before (or worse).
To make sure you never run out of money, first hire a financial advisor to invest your money and advise you on how much you can afford to spend. Second, invest in your own financial illiteracy.