Winning A Lottery – How Does It Change Your Life?

Posted on: 12th March 2014

You get the news that you won the jackpot in your favorite lottery. “Wow! That is so wonderful!” you will think. “This is my ‘live happily ever after’ story.” But is it really? Do people who win bumper lotteries really live happily ever after? How does it change your life? It does; and it is not always for the better.

What Should You Expect?

After the euphoria of the announcement comes down, the realization hits that you are now wealthy. It feels good not to worry about money anymore. You make lists of what you want to have, where you want to go, whom you want to help; you feel on cloud 9. This is the good side of the post-winning period.

There is a bad side, too. If you are among those who like to shout the good news from rooftops, you will that popularity is not always a good thing. Suddenly, you will find long-lost relatives, friends and even strangers with the sorriest stories ever – all expecting you to help them. This is not a good feeling; it would seems that you did not exist before the money and now because of the money you are a VIP. For most, this is indeed a very sad realization.

What You Should Do?

Be nice to everyone; give nothing, do nothing for at least 6 months to one year. You announce that your money will be locked for investment and it will be a while before you can touch it. That will give you a window to breathe and also enough time to think what you really want out of your life.

This is the time when you could pursue the things you love to do in your life, as you would be no longer bound to a 9 to 5 job anymore. Some people find it easier to stick to their jobs in spite of the money. They pay their debts, buy a house, a car or two, ensure that their children’s future is financially secure, put something aside for charity and ensure that their post-retirement life is carefree.

What You Should Not Do?

Do not go on immediate splurges. No matter how much money you won, unless you invest it well it will finish; and when it does life will become a living hell. Also, do not immediately change your life style. Stay close to your immediate relatives and friends. They will guide you well and guard you from gold-digging ‘new friends’. Most importantly, do not promise anything to anyone unless you mean it one hundred percent. More relationships are broken by money than lack of it.

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