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Whether you are choosing the right numbers for a big jackpot or buying the right scratch , we all dream of winning the lottery. But even if you hit him, there are still a few things that could go wrong after the fact. If you ever find yourself lucky enough to face a sudden touch of money, read the rest, because the experts say that there are some errors that the lottery winners tend to do. Do not forget these tips to prevent your chance from running out.

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Getting your finances in order can be a great feat even when you have a sum of manageable money. It becomes more complicated when you collect a winning lottery ticket and suddenly becomes much richer.

"Find a financial advisor only, CPA and a lawyer and ask for their help", " Robert Farrington , founder of The college investor , tell Better life . "The search for professional advice can make a huge difference in the management of found wealth."

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In addition to learning to navigate new financial waters, there is another large part of the jackpot ramp which may surprise certain winners. According to David Kemmerer ,, fiscalist And the CEO of Coinledger, some of the most common errors arise from confusion around taxation.

"Many people do not understand how taxed lottery gains are," he explains. "The figure is around 24% or even more (between federal and state taxes) once you have earned more than $ 5,000."

Because it often means that you will leave with much less than what you have won, it says that it is also why it is good not to make close -ups for this money before you know how much you will have access.

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Money can burn a hole in the pockets of some people, especially if it is an unexpected money price. But according to Farrington, those who struck him rich should wait at least a year before starting to use their earnings.

"A current error that the winners of the lottery make is excessive expenses," he said. "The sudden influx of wealth really encourages delivery to extravagant purchases without a well thought out budget. Without financial discipline, lottery winners can quickly spend all their earnings."

In most cases, being patient can help winners avoid advancing too far on themselves. "Do not spend gains for a year until there is a global understanding of the new wealth, how it works, the way it is taxed and the implications of expenses that will help the winners to Avoid expenditure traps on trophies, "said Farrington.

On the other hand, some lottery winners may feel overwhelmed by all the new choices they face and be stuck by trying to decide what to do with their earnings. Experts say that it is the kind of silent error that can wreak havoc in the form of an interest deserved by investments or other opportunities. AE0FCC31AE342FD3A1346EBB1F342FCB

"It is normal to want to think after earning a lot of money quickly, and it's actually a good idea. But a lot of people think it means that they should just leave their gains in a bank account forever,", "" Eric Croak , a CFP and president of COPITAL CROAK , tell Better life . "It is not only an error that the winners of the lottery make, but a common problem for anyone who is not used to managing a lot of money."

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Suddenly, you find several higher levels on the financial scale can be a significant self -confidence and confidence of trust. But some experts warn that money can go as quickly as you start spending your earnings too quickly and recklessly.

"This is known as" Lifestyle Free "and it is generally based on the ego", " Steve Davis , CEO of Total Wealth Academy , tell Better life . "The ego pushes us to buy more beautiful cars, houses, clothes, watches, etc. because we want to impress others with our success. In most cases, these are people who don't even care not."

Fortunately, he says there is a psychological solution to this problem. "The only way to control it is to stop worrying about what others think," he suggests.

It is not an exaggeration to say that most people play the lottery with the specific fantasy of being able to disconcert the channels from their nine to five jobs. However, Croak says that doing this can have involuntary personal consequences.

"While the idea of never having to work again is good, leaving your job as soon as you win the lottery can have unexpected results," he warns. "Apart from money problems, having a job or a career gives you a routine, social ties and a sense of objective."

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Many people dream of suddenly becoming rich with a winning lottery ticket so that they can leave all their stress. However, experts warn that one of the most surprising consequences of obtaining the Grand Prix can actually be that it aggravates the people before.

"An instantaneous trap in instantaneously neglected millionaires is struggling through the radically offbeat social dynamics and the loss of drastic identity," said Liam Wilson , editor -in -chief Lottery 'n go .

He explains that entering money can sometimes lead to corners in the spaces of our life that really enrich us - and can often lead to feeling isolated or alone.

"Lotteries promise the emancipation of financial charges, but emotionally, changes in radical paradigm still weigh heavily," he said. "Well -intentioned friends and family members often do not feel a new richness, creating clumsiness and a distance. And winners are also fighting on imprisonment syndrome entering unknown elite circles."

Best Life offers the most up -to -date financial information for high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.