Who can you really trust if you win the lottery is the question, and the answer can be a bit confusing. Once word gets out that you have won the jackpot on the lottery, then people from all over will come to you with everything from sob stories as to why they need ten thousand dollars to people promising to turn your windfall into an extremely large fortune. And who are these people? They are everyone from your closest relatives to strangers to investment people. And they all want to get a hold of a portion or all of your money. And that’s OK, right?
No way in heck is it OK. This is the time to know how to say “NO” and protect your winnings. But how do you do that? Who can you trust to hold your money and make some of it work for you?
Beware of Scams
The first thing you want to be aware of is that to avoid any financial company or advisor that contacts you. They may be legitimate, but if they actively reach out to you it just might be a scam to get all your money. Do your research and find a financial advisor, wealth management, or investment firm yourself that you might be able to trust and contact them. In fact, contact a few and meet with all of them. You want to find a person or firm who is not only objective but experienced as well. You want to find someone who is interested in your financial future and is not out to make a quick buck. Talk in length about your plans for your money and listen to what they have to say. After you meet with all of them, sit down and see which ones really click to what your needs and goals are.
If you are more interested in havng a firm really that really understands the issue of you winning the lottery and having to suddenly deal with that huge sum, you should then look for firm, agency, or expert who specializes in sudden wealth management and investment. These types of firms have experience in handling the money of people who suddenly become wealthy and are overwhelmed with what they need to do with it.
A Sudden Wealth Management firm or expert with have a team of people who really do understand what you are going through with your instant fortune and give you the advice and do the work for you to manage your winnings and keep you on the right track to making your money work in your favour.
When you win the lottery, it is a massive stressful time as well as a joyful one. A Sudden Wealth agency will be able to help to keep you calm and guide your through the process of dealing with all your debts, focusing on proper low-risk investments, and actually listen to what you have to say how you want to use your money.
So when you win your tens of millions of lottery dollars, ignore anyone who approaches you and offers their services. These could be vultures and you do not want to become their meal.
You may have spent a good amount of money over the years in buying lottery tickets to try to win the big one. Now that you have, protect that reward make it work for you for the rest of your life.