Are you someone who knows you are going to win the lottery? What do you do to prepare for such an enormous change in your life? Is there anything you should do to help make the proper adjustments prior to winning? Here are the Top 5 solid tips regarding what you should do before you win it big.
1. Repeatedly recite the word, “No.” Saying no will be the most important suggestion in preparation to winning the lottery. There is a sea of horror stories about people going bankrupt after winning the lottery. Too many winners do not know how to say, “No.” Think about it. If you have a long list of free-loading relatives, friends in need, people constantly asking for handouts and help before you win the lottery, then imagine what it will be like after it has been announced that you won. It is essential to practice saying, “No,” or else you may be another member of the Winning it Big and going Broke club.
2. Save all your losing lottery tickets. Many people are unaware but your losing lottery tickets are tax deductible against your lottery wins. Also, your receipts for other gambling losses are deductable against lottery wins too. So start filing you losing receipts away until the big day arrives. The more organized you are the more money you shall be able to save in the long run. Thus, it is important to begin the filing system right away. The sooner you start the better.
3. Store your lottery tickets somewhere safe. As mentioned above, organization is the key to ensuring you win and return with as much money as possible. Same concept with storing your tickets. For the majority of state lotteries only give you 30 days to claim small wins from lottery agents. So if you won and you do not know where the lottery ticket is stored, time is ticking away threatening you to lose out on the prize all together. You may mail in your ticket after the 30 day mark, but what if your electricity bill is due and you need the money immediately? Keep your lottery tickets stored away in a safe place, and check them immediately after each drawing.
4. Do not waiver from your budget. If you have a budget and playing the lottery would be a stretch on the budget, then don’t play. It is that simple. Nothing positive comes out of playing the lottery when there is already a strain on finances. If you must play, then play with a group of friends and/or family members. Gather your money together, place it in a pool, then play. It provides you with a bigger lotto budget and allows you to play the larger lotto wheels, which otherwise would be out of range.
5. When you play the lotto with a pool of people require everyone to sign a Pooling Agreement. Nothing tears friends and family apart faster than money. Winning the lottery and/or lotto is no different. To avoid issues from arising then have everyone sign a Pooling Agreement. It prevents discrepancies from occurring later on. Plus, when you win millions you aren’t arguing over a few dollars but a lifetime worth of money. Pooling Agreements are always a must.
If you keep these 5 tips in mind prior to winning the lottery, then you shall be more prepared then lotto winning predecessors.
Less headaches, fewer complications and more enjoyment shall result from winning the lottery, which is how it should be when you hit it big.
The more advice you are able to absorb, the more prepared you become before winning the lottery, then the more fun you shall have playing the lottery.
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