What To Spend Lottery Winnings On

By   March 9, 2015

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We all love to play the lottery online  because it gives us the opportunity to make all of our dreams come true. Everyone has an idea of what they want to do with their winnings. For some of us this means travelling the world while for others it is the idea of being able to go back to university and increase our knowledge base. With that in mind, here are some ideas to get you thinking about what you could be doing with your lottery winnings. Keep reading to find out more!

 

Invest

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A lot of people think that instant wealth is about living large and buying expensive things. This is not necessarily a good idea though. The more you spend on unnecessary items the less likely you are to make your money last. Rather, what you should do is find a decent financial planner who can help you make sound financial decisions about where to invest. If you need advice about who you should see when it comes to choosing the right financial advisor, speak to the lottery board. They will be able to point you in the right direction as they are used to dealing with people who fall into sudden wealth.

 

A good financial planner will be able to look at your spending habits, where you are in life and what would be best for you. Someone with a young family will have very different needs from an elderly couple who are enjoying their golden years. Perhaps you need to set up a retirement fund or put cash away for your children’s academic careers. Either way, a good financial planner will be able to tell you what it is you should be doing.

 

Property

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This is one of the few things that continues to grow as an investment. It is also a great source of sustained income as you can rent out property. This way you get your lottery winnings on something that will help you make money from your money. Sounds like a pretty good deal doesn’t it? Another thing to consider is  the fact that property doesn’t just have to be in the form of residential property either. You could invest in warehouses and commercial property which could be used as an even more lucrative form of income. Every business needs a premise after all. Why not capitalise on that?

 

Technology

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Start-ups are all the rage these days and if you get involved in the high tech technology sector you could be even wealthier than you started after you won the lottery. All you need to do is take a look at the success of the likes of Facebook, Twitter, Whatsapp and Amazon to see why everyone is talking about all things online. The fact that you are reading this article on a website dedicated to the idea that you should be able to play the lotto online is testament to this. You can win big from anywhere in the world which we think is pretty cool. You can be in the sticks and still score an enormous jackpot win from the likes of MegaMillions and EuroMillions. Take that idea and see where you can go with the exciting world of the World Wide Web and the world is quite literally your oyster. Why not?

 

Education

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The author is a downright academic who never ever leaves the house without at least one book. She used to get lost while walking and reading (yeah, that is as nerdy as it gets) and was nearly hit by a car once or twice thanks to the fact that her nose was always in a book. For me, if I won the lottery I would go straight back to university and do like, multiple Masters and PhDs. I love studying. I breathe knowledge and anything to do with facts and wisdom fascinates me. If this sounds like you (please tell me I am not the only nerd), then going back to school is definitely a good choice. The one thing about education that sets it apart from all of the other things that you could be spending your online lottery winnings on is that it can never be taken away. Houses can burn down (sad but true), cars can crash and businesses can fail but knowledge is precious and yours. Understanding Nietzsche and Kant, the way the economy works and how to build an engine is something no one can take away from you. Just saying.

 

Take a Break

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All of this talk about education, property and investment can be kind of daunting. If you have just won the lottery you will also want to have a bit of fun. All work and no play makes for an extremely dull person after all. So do it, go on that dream holiday with family and friends. Whether you want to hit Thailand on an all-girls week with your best friend (um, warning signs on our heads as my best friend and I are all kind if trouble) or just head somewhere to chill, now would be the time to do it. Go on, you deserve it.

 

Now that you have a few excellent ideas about what you could be spending your lottery winnings on, why not play the lotto online and make this dream a reality?