Before hitting the Lottery Jackpot be aware of the no-no’s

Have you dreamt about hitting the jackpot and becoming filthy wealthy in a blink of an eye? Would you be wise with the winnings or foolish and broke as a joke? This is something to really think about.

Sign the ticket immediately

When the ticket is purchased, take a minute and flip it over and immediately sign it. This way if something happens and it vanishes no one else will be able to claim the winnings. This simple thing will eliminate any fighting about who the ticket actually belongs to.

Before hitting the Lottery Jackpot be aware of the no-no’s
Before hitting the Lottery Jackpot be aware of the no-no’s

Keep silent

It will be tempting to scream, “I hit it big! I just won the lottery jackpot!” If you do this everyone is going to appear out of the woodwork looking for a piece of the pie. People will probably find out eventually, depending on your state laws, but think smart and remember those people were not there before you hit it big so do not let them in your pockets.

Debt free

Spending your life in debt was something that could not be avoided until now! Instead of throwing the money around, think about some good investments. If everything is done properly you will never have to worry about debt again in your lifetime.

Living like a king

You have learned how to cherish everything you have accomplished over the years. Just because you are all of a sudden a millionaire does not mean living like a king. In other words there is no sense of footing the bill for everyone. Nor is there a reason to have 20 luxury cars sitting in the driveway. Slow down and think about things before tossing the winnings around. You will become broke very fast and everyone will be gone once the money is no longer around.

Before hitting the Lottery Jackpot be aware of the no-no’s
Before hitting the Lottery Jackpot be aware of the no-no’s

Budgeting

Who wants to think about budgets when rolling in the dough? If budgets are put in place and the funds not foolishly spent then you will be set for life. When looking for a home, be realistic about the size and if you could still afford the taxes if the money was gone. There is nothing wrong with wanting new clothes or a vehicle even. Just be realistic about the purchases and stop to think about if you really need the items or if they are just wants that you are craving for.

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