What would your life be like if you won the lottery? What would you buy first? Who would you bring into your life…or push out of it? Most people assume that their lives would be incredibly amazing if they could just win the Lottery. However, a new story out indicates that all that glitters really isn’t golden after all.
It starts with a cluster of 12 bus drivers who pooled their money to buy lottery tickets. They won and they had to split the prize pot.
Sounds good, right? Well, many of the bus drivers have had to deal with outright strangers asking them for money, along with family members getting into the fights. The rising stress has turned many back to old habits — such as smoking and drinking. Hospital visits have become common. The overall stress of having a lot of money to manage tends to make things very difficult for people. If you have negative thoughts about money, coming into a lot of money isn’t going to necessarily change anything. You will suddenly be part of a group that you used to envy. This is a pretty painful thing for a lot of people. There’s no need to fall into this trap though.
First and foremost, you need to think about a solid plan for the money. Quitting your job when you have no idea what you’re going to do with your life isn’t going to make matters any better. You’re just going to make yourself tired, lonely and confused. Why would you want to put yourself through that type of pain if you could avoid it? Why would you want to make yourself miserable?
You want to sit down and have a good discussion with your spouse. One of your spouse’s highest fears is losing you to a new life of wealth and power. If you make sure that they know they are still one of your highest priorities, you will be good to go. Don’t change anything for a while. Have money, but make sure that you are in control and not the other way around. The trouble comes from people thinking that money has to change them. There’s nothing that says that your life has to suddenly become focused with luxury cars and travel. If that’s to what you really want out of life, you don’t have to pursue it.
Let the money sit and collect interest — there’s nothing wrong with that. And if you’re trying to become entrepreneurial and let your money grow, going with an independent financial adviser is really the best way to go.
Trust in your own instincts. This is a sad tale for the 12 Lottery winners, but that doesn’t mean it has to be YOUR story, either. Good luck!