Handling Lottery Winnings Effectively

Perhaps one of man's greatest dreams is to get a lot of money, pour them onto his bed, and dive in for a nice and dreamy swim into the land of papery goodness. This dream, of course, remains nothing more than that because achieving instant fortune is pretty difficult. However, these kinds of aspirations, along with getting financial worries out of the way, are the reasons why a lot of people choose to buy lottery tickets.

There are truly great success stories that have started with just a simple lottery ticket. One of which is a man named Brad Duke who won over $220 million and chose to get a team of financial advisers to pay off loans, mortgages, and start investing in different business ventures.

Another success story is about Les Robins, who got $111 million in 1993 and chose to pay off loans, donate to charities, and give to family members. Then, he founded Camp Winnegator, a day camp filled with different attractions for kids. Today, he's still in the camp living a simple but happy life.

Unfortunately, not all lottery winners get to have a happy ending. For example, Sharon Tirabassi won over $10 Million, but lost everything within 10 years. After enjoying her wealth and not keeping track of it, she is now a living reminder for everyone that even millions could run out, especially when squandered off in designer clothing, expensive cars, and exotic trips.