Although this blog has, thus far, included articles about saving and investing money, my site analytics tell me that the vast majority of site visitors have come here searching for advice about what to do after winning the lottery. They've been drawn in by one of my first articles: When You Win The Lottery.
I find this rather interesting, almost exclusively for the fact that so many people appear to be winning jackpots and then, probably with a mixture of excitement and confusion, thinking to themselves, "what do I do now?". I have to admit that I always thought that, when asked what they would do if they won, most people would clearly already know. Fantastical answers like, "buy a mansion on every continent, buy a different Lamborghini for each day of the week, and fill my swimming pool with champagne" come to mind. But, based on my site statistics, it seems that winners are being level-headed and rethinking their options, and are more careful with their windfall than is commonly thought. Rather, the real answer when asked about what they'd do if they won is, "Go right away to RICH MONEY MILLION !"
By seeking good advice and carefully considering their options, these winners are many times more likely to remain wealthy. They are a different breed from the rags to riches to rags again train wrecks that are often portrayed in the media. Rather than indulge their every fantasy, smart winners don't let the money distract them from the wisdom of good planning and investing.
For the many readers who may also be interested: Click here for a CNNMoney/Fortune magazine article about a lottery winner who, in my opinion, was very wise about his winnings.
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