Posted in&nbspEl Gordo News October 28, 2014

Everyone dreams of one day hitting the big time and walking away as a jackpot winner and millionaire.  But for some lucky lotto winners, their dream come true turned into an unfortunate nightmare.  There will always be some winners who claim that their win made their lives worse rather than better.  This, ladies and gentleman, are the select few who choose to spend all of their winnings on the most extravagant things, forgetting that the money won’t be replacing itself once it’s run out.  Here are a few tips on what you should do if you ever become a lucky lotto winner.  Note that these are pieces of advice from actual lottery winners, the Castellanos, who won the largest single jackpot in California’s history.  Hopefully this will help you to come out on the other side in one piece:

Slow down:

When becoming a jackpot winner, try your best to take it all in by not acting impulsively.  Keep the news to yourself and only those that you know you can really trust.  You should also try to stick to your normal daily routine.  If the neighbours kids usually come over to play with yours every day at 4:35pm, then let them come over every day at 4:35pm.  When cashing in your ticket, you could also choose to go to a lotto office that’s out of the way.  This makes sense when you realize that the media will more than likely be waiting for you at the nearest lotto office of where they winning ticket was bought.  If you’re playing the online lotto. there’s no need for this because only those who will need to made aware of who you are will know your identity.

Get Some Professional Assistant:

Not only will you need help in handling your money, but you will also need help in dealing with the media and all the attention that you’ll be getting from them should they find out about your strike of luck.  There are many options for you here, one of them being people are trusted by your family members.  This can be anyone from a media representative, to a financial advisor, to someone to works at a legal and accounting firm.  You could ask for references, just remember to do your homework and research them properly.  It’s better to get advice from a professional so that you’re not caught unprepared and it all doesn’t get too overwhelming.

Spoil yourself, but within reason:

Use some of your winnings to take a vacation away from all of the commotion for the first month of being a winner.  This will help you to get over the initial shock and also to plan what you want to spend your winnings on a bit better.  It would be a good choice for you to get a house away from everything and most of the people that you know, where you can relax.  This will help to avoid random friends and family members rocking up at your house expecting some of your winnings.

Choose how your money will help:

There’s nothing wrong with wanting to donate some of your winnings to a worthy cause or something that you feel passionate about.  If you’re planning on still having some winnings left after your donations though, you should sit down and decide on one or two foundations that you’ll be gifting.

Will that be a lump sum or annual payments?:

Deciding on which form of payment you want is as important as finding the right team to manage your money.  75% of all winners choose the lump sum option, which in most cases makes more sense.  If you choose to receive payments over a certain number of years, there’s roughly a 5% interest that the state earns on the bonds that it takes out to guarantee your winnings.  This is why most lucky lotto winners feel that they can get a better rate by investing in the lump sum.  This choice should also depend on whether or not you can trust yourself to not get carried away and spend all of your winnings.  If you’re opting for the safer option, the annual payments would be a better choice in this case.

With all of the options that you have of getting lucky with a lotto win when you play lotto online. there’s a chance that you could a lot richer in no time!  The online lotto brings all of your favourite lotto games right to your fingertips, so you have no excuse to give it a miss.  On top of that are the jackpot prizes that the lottery online has to offer.  With prizes that boost up to nine digits, there could be some extra 0’s added to you bank balance.  Remember to make your number selection and place your entries for the upcoming draws and you never know, you could be in the next set of lotto results !