What to do when you win the lottery! #lottery #megamillions #lotto #billionaire #rich #winner

[rizingphonix]

When I was in the army there was a young soldier who won the lottery. I was the first person he told and he asked for advice. I asked him who else he had told besides me and there was no one else. I told him to keep his mouth shut and tell no one. Next, I told him not to sign his lottery ticket because he needed to stay anonymous. After that reach out to a nationally accredited lottery company that specializes in getting his money. He had less than a year left on his service contract. He listened to what I told him and he even invested about 25% of his winnings. He's doing great right now. I never asked for anything. I just wanted him to be happy and financially stable/free. He's said no one has a clue what he does because he lives in a nice but modest house and he keeps to himself. What a lucky guy.

[kdeloris]

The lottery shouldn't expose the winners like that. It's not safe.

[ZBB]

I'm a Finance MBA with twenty years as an Analyst and am glad to see this because YOU ARE EXACTLY RIGHT!!!

[jcwarner]

8. Move. No matter where you live or how anonymous you think you are, winning that kind of money puts a target on your back.

[LaurenCantrelle]

A friend of mine won the lottery many years ago (way before social media). He said when the word got out of his winnings, his relatives would call him non-stop asking him to pay their bills, pay their rent, groceries, etc. Even relatives whom hadn't been around for years showed up! Goes to show it's best to keep secret so that to keep the vultures away! The Rich BFF is right!

[hothotheat]

If you live in a state that doesn’t allow anonymity, set up an LLC in Delaware. They do not release the names of anyone in an LLC. That’s how you get around it. Claim it with the Delaware LLC. Recent winners have used this to get around that loophole.

[wolfgirlie]

Good advice, I also heard. Change nothing for one year before spending anything

[philipj.sherman]

Become a private money lender for real estate transactions. You can grow your money at 10 plus percent per deal.

[N..]

I claim a jackpot lottery Win this year 2024. Amen.

[vturner]

8) Go pick up your cheque in a rental, not your real car.

[xxkarlosxxxxxx]

Step 1 Win the lottery first 😂 that's the hardest part lol

[BritoWorx]

If your state doesn’t allow you to claim anonymously what you should do is open up an LLC and a S-Corp. You put that LLC into the S-Corp then create two blind trusts. Put that S-Corp into the first blind trust which then goes into the second blind trust. What this does is makes you pretty much invisible for anyone tryna to figure out who you are.

[josephmiller]

The first deposit is in a subsidized retirement account (the first deposit in this account triples). With the remaining money only spent a fourth of it in your lifetime (I learned this from Shaq O’Neal from one of his YouTube conversations). This way you and your family will be wealthy, instead of just rich.

[amigocarlos]

Already feel like a millionaire by listening to these tips 😊

[Arc_Firstlight]

You said it, it's out there! I bought the winning lottery ticket! Now I just have to wait for them to call the numbers. 😌

[PaulaZF]

We have won the million dollar lottery twice, three years apart about 10 years ago.
What they didn’t tell us at the Lottery and I didn’t realize was about the taxes. They withheld 30% of the winnings for taxes. THAT IS NOT GOING TO BE ENOUGH!!
This amount of money puts you in a higher tax bracket. You will be charged at a higher rate! A tax attorney may be able to figure out a way around it but I didn’t. The next year won’t be so bad because you paid so much in taxes the year you won.
I’m talking about the Federal Income Taxes. I can’t speak for the state and possibly city income taxes.
Oh and we never had any problem with people coming to us asking for money. Which might be a different story with $1 billion.
And limit how much you play the lottery after you win.

[TheFirstRealChewy]

It's all fun and games until someone hits the jackpot. Then it turns into Squid Games.

[shirleyc]

All I need is the winning lottery ticket to do all these steps.

[dwlsn]

I’m watching & taking notes!
Getting ready for my big win! 💰💰💰

[vashti-mgyu]

I thought you should sign your lottery ticket because if you lose it whoever's name is on the back is whoever gets the money.