Do You They Know Who Ever N the Lotto
What's life afterwards lotto like?
Winning the lottery sounds like a dream come truthful. Money woes are obliterated in an instant, and the future looks vivid thanks to newfound financial freedom. Sure, it seems fabulous at first glance, but there's more than to winning the lottery than meets the eye. Before yous play the near winning lottery numbers and report which state has the most lottery winners, read up on what by lottery winners have to say about life after lotto. It may be much different than y'all expected.
Easy come, easy get
Life later on winning the lottery may non stay glamorous forever. Whether they win $500 million or $1 1000000, about 70 percent of lotto winners lose or spend all that money in 5 years or less. Read the story of a lottery ticket dispute that starts with a couple going in on a ticket and ends with the woman taking the money and running.
Have a second chance
Always play the second-chance drawings. Some games require you to post in your losing ticket. Others tell yous to go online and register the ticket'due south serial number. People either don't know about the drawings or don't take the fourth dimension to enter, so your odds of winning the lottery are always better. On some other note, information technology's important to think that cheating comes with a price—this man who rigged the lottery five times is proof of that.
Don't quit while yous're ahead
Do lotto winners still play the lottery? They admittedly do. And they're sure they're going to win once more. That'due south ane aspect of life afterward lotto that won't alter.
You will be exploited—perchance by your friends
"I had one friend who told me this sob story most how behind she was on her local taxes and how they were going to take her house because she couldn't pay," says one lottery winner. "After she left, I got on my computer, looked upward her tax records, and saw that she wasn't behind. When I printed out that page and sent it to her, well, that was the end of our friendship."
A lot can seem like a little
If you win $6 1000000 and find yourself in a room total of lotto winners who won $100 one thousand thousand or more, all of a sudden, you experience like the poor one. It'southward all relative. Just don't feel too bummed—at that place are plenty of big lottery winners whose money (and luck) ran out.
Y'all'll respond for our impulse purchases
"After we won the lottery, we bought an eight-bedroom, seven-bath, 10,000-square-foot mansion because we could, and it sounded astonishing," says one past winner. "Well, now we're selling the eight-chamber, seven-bath mansion because it's impractical for a family of 4. If but we knew ahead of time that it was one of the things rich people never waste their money on."
You're looked down upon by the truly wealthy
"After nosotros won and moved into an exclusive neighborhood, we planned a huge Fourth of July party and invited all our neighbors," says a old lottery winner. "None of them came—they thought we didn't earn our money."
Yous'll be sick of coin questions
"It drives me basics when people ask where I go along the coin, how I spend it, and if I notwithstanding have it," says a past winner. "No ane would dream of request a CEO those questions." We understand you're curious, though, and so here are secrets rich people won't tell you most their lives.
Your friends volition change with your lifestyle
Life after winning the lottery may bring big changes for everyone in your life. All lotto winners call up they're going to accept the same friends and practice the same things. But if you take $100 million and yous want to fly to Hong Kong for the weekend, you need to either find someone who can afford to become with you or be willing to subsidize someone. And subsidizing people gets old. Acquire the things rich people never, ever do.
You may be forced into the spotlight
If you lot recollect you're going to win and remain anonymous, you'd better bank check your state laws. Many states crave that you lot do a news briefing and hold upward a big check.
'Tis improve to give
"Now that I can buy anything I want, I've learned that what really matters—and what I enjoy near—is being able to practise things that assist other people," says one lottery winner. Something modest but important that helps: tipping properly. Here's how much to tip in every situation.
Don't donate all at in one case
If you want to requite a charity a big sum of coin, never give information technology all at once. It'due south better to donate $100,000 a yr for ten years and then you lot tin retain some control and make sure the cash is being spent wisely.
Who are we kidding? Life after lotto is bully.
You lot haven't lived until someone picks upward the laundry from your front end porch and brings information technology back to yous that night, completely done and neatly folded.
Sources:
- Donna Mikkin, who won $34.5 one thousand thousand in the New York Land Lottery in 2007
- Sandra Hayes, a social worker who split a $224 1000000 Powerball with her coworkers in 2006 and wrote How Winning the Lottery Changed My Life
- 7-time lottery game thousand-prize winner Richard Lustig, who wrote Learn How to Increment Your Chances of Winning the Lottery
- Don McNay, a financial consultant to lottery winners and the writer of Life Lessons from the Lottery
Originally Published: January 13, 2021
Source: https://www.rd.com/list/13-things-lottery-winners/
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