What to Do After The Big Win
Not all lottery winners are doomed to go back to where they started, but the key, according to experts, lies in money management. Hiring a good financial planner and having a plan for where to use that money is one thing winners can do to safeguard their money. It may be hard to believe but a budget is necessary even for a lottery win-it is important to make a list of where the money will go. Prize money from the lotto may sound like a lot and most may think that that money will last forever, but without careful planning, it will not. Winning the lottery can be a dream come true, but mismanaging wealth can turn anyone’s lives and the lives of their loved ones into a nightmare-just like what happened to David Lee Edwards.
