10 Survival Tips for Lottery Winners
10 Survival Tips for Lottery Winners
No wonder some lottery players are dreaming big. Behemouth jackpots are being awarded, including prizes over $300 million each in the multi-state Mega Millions and Powerball lotteries. With payouts like these, winning the money is only half the game. Winners need to have — or quickly assemble — a strategy for staying sane, anonymous and in the black for the rest of their lives. Keep reading to learn what every new millionaire lottery winner should know. It’s not the usual blah, blah, blah.
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1. Stay anonymous
Recently, a lottery winner in Jamaica collected his $95 million dressed in a Darth Vader costume. The name he used: “W. Brown.” The disguise was an effort to hide his identity and also to deter theft, says Fox News. He had the right idea. When you win big, the impulse is to shout your good fortune from the rooftops. But hold back; stay anonymous, advises State Farm Insurance. Some lotteries require winners to participate in a press conference and give interviews. But, if possible, keep your big news to yourself.
Otherwise, you’re inviting a deluge of appeals for donations, as well as scammers and other predators looking to take advantage of your new wealth.
2. Find a financial adviser and an attorney
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