Most people who win the lottery have no experience in handling money. Most run through the money in a year or two.
A very small number have an idea of how to handle the money.
They invest it and live off of the income from it.
As mentioned, a good investment advisor can help determine how to invest wisely and how to minimize the taxes, which can be substantial.
Do you think your trusted “investment advisor” is going to work for you for a “modest” salary, then being the saint he/she actually is, keep his/her mouth shut about just how much you’re now worth? Dream world.
“A very small number have an idea of how to handle the money”
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And many can’t even grasp how much they won believe it or not.
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Case in point; not long after the lottery was established in my state a woman won 7 million IIRC.
She actually gave an interview to local news.....mistake #1 and 2.
When asked the most common question about what she would spend the money on, her answer:
“I’m gonna but a new Camaro and a double wide trailer.
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That woman needed that money about as much as she needed a hole in the head.
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A few years after that the local newspaper did a follow-up on state lottery winners to see what their status was.......it wasn’t pretty.....with many already being out of money.