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10 SECRET TIPS If You WIN The Lottery!!
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This video reveals 10 SECRET TIPS If You WIN The Lottery! It is narrated by Powerball winner and podcast host, Timothy Schultz.
Whether you win Mega Millions, Euro Millions, Lotto Max, on a scratch ticket or another lotto jackpot, this is vital information. What should you do if you win? Who should you contact?
10 Things To Do If You WIN THE LOTTERY:
1) Secure the ticket. Some lottery tickets are digital, but if you have a physical ticket, store it someplace secure. Protect it from being damaged, misplaced or stolen by keeping it in a safety deposit box.
2) Keep quiet initially. Once you've won a lottery jackpot, it can be exhilarating. Who should you tell? It's best to keep quiet initially until you understand how to claim the ticket.
3) Seek the help of experts. How do you redeem a lottery ticket worth millions of dollars? What about taxes? Will this money go into a trust fund? Will it be invested? It's best to seek qualified and experienced financial advisors and estate attorneys prior to turning in the ticket.
4) Understand the rules. Is there an expiration date for the ticket? There are billions of dollars worth of lottery prizes that go unclaimed each year. Oftentimes, this is because people to not check their tickets.
How will you redeem the ticket? When will you get paid? Can you claim the prize anonymously? The rules for lottery games vary. It's important to understand them prior to turning in the ticket. Experts and attorneys and can help.
5) Can you claim a lottery jackpot anonymously or publicly? Different countries and states have different rules. It depends upon the game and where you play. There can be pros and cons to claiming a prize publicly or privately. Understand the options if you win.
If you win the lottery, contact Timothy Schultz's team to be considered for an interview on his podcast, Lottery, Dreams and Fortune.
6) Cash versus annuity. Which should you choose? In the USA, lottery winners are given the choice for how to receive their winnings. You can choose the cash, half right away lump sum option or the annuity, which is the whole prize over a period of around 29 years. Most lottery winners choose the cash option, but there can be benefits to both.
7) Hire a CPA. What are the tax implications of winning millions from the lottery? How are lottery winnings taxed? It depends upon the game and where you play. Different countries and states have different rules. It's important to seek the help of accountants and certified financial planners.
8) Plan for the future. Once you have received money from the lottery prize, how will this change life? What will be your budget? If you win a million dollars versus hundreds of millions or a billion, the discrepancy can be significant. It's best to understand what you can or can't do with the money and how it can work for you. Will you invest it?
9) Charitable gifts. Many lottery winners want to help people financially initially after winning. If you are the giving type, it can be healthy to establish what you will or won't give to charities or other people early on.
10) Celebrate if you win the lottery! Winning a lotto jackpot can be once in a lifetime, although some people win twice. If this happens to you, rejoice! It is possible if you play.
If you play the lottery, never spend more than you can afford, have fun and remember that it only takes 1 ticket for a chance to win.
Timothy Schultz is the host of the Lottery, Dreams and Fortune podcast with Bullhead Entertainment. In 1999, Timothy Schultz won the Powerball in the USA before going back to college to study broadcast news and work on various productions. He's now combining his experience to launch this Youtube channel.
This channel features stories of overcoming the odds and how people are doing it. This includes interviews with lottery winners, prize winners, spiritualists, scientists and covers the latest lottery news. It has an emphasis on the belief that anything is possible.
Track: Midnight — Declan DP [Audio Library Release]
Music provided by Audio Library Plus
0:00 10 Tips if you win the lottery
:56 Secure the ticket
1:30 Keep quiet initially
2:26 Seek the help of experts
3:51 Understand the rules
4:43 Claiming anonymously or publicly
5:45 Cash vs. annuity
6:40 Hire a CPA
7:16 Plan for the future
8:05 Charitable gifts
9:25 Celebrate
9:49 1 Ticket To Win
10:03 Comment below the video
#lottery #lotterywinner #lotto #jackpot
Whether you win Mega Millions, Euro Millions, Lotto Max, on a scratch ticket or another lotto jackpot, this is vital information. What should you do if you win? Who should you contact?
10 Things To Do If You WIN THE LOTTERY:
1) Secure the ticket. Some lottery tickets are digital, but if you have a physical ticket, store it someplace secure. Protect it from being damaged, misplaced or stolen by keeping it in a safety deposit box.
2) Keep quiet initially. Once you've won a lottery jackpot, it can be exhilarating. Who should you tell? It's best to keep quiet initially until you understand how to claim the ticket.
3) Seek the help of experts. How do you redeem a lottery ticket worth millions of dollars? What about taxes? Will this money go into a trust fund? Will it be invested? It's best to seek qualified and experienced financial advisors and estate attorneys prior to turning in the ticket.
4) Understand the rules. Is there an expiration date for the ticket? There are billions of dollars worth of lottery prizes that go unclaimed each year. Oftentimes, this is because people to not check their tickets.
How will you redeem the ticket? When will you get paid? Can you claim the prize anonymously? The rules for lottery games vary. It's important to understand them prior to turning in the ticket. Experts and attorneys and can help.
5) Can you claim a lottery jackpot anonymously or publicly? Different countries and states have different rules. It depends upon the game and where you play. There can be pros and cons to claiming a prize publicly or privately. Understand the options if you win.
If you win the lottery, contact Timothy Schultz's team to be considered for an interview on his podcast, Lottery, Dreams and Fortune.
6) Cash versus annuity. Which should you choose? In the USA, lottery winners are given the choice for how to receive their winnings. You can choose the cash, half right away lump sum option or the annuity, which is the whole prize over a period of around 29 years. Most lottery winners choose the cash option, but there can be benefits to both.
7) Hire a CPA. What are the tax implications of winning millions from the lottery? How are lottery winnings taxed? It depends upon the game and where you play. Different countries and states have different rules. It's important to seek the help of accountants and certified financial planners.
8) Plan for the future. Once you have received money from the lottery prize, how will this change life? What will be your budget? If you win a million dollars versus hundreds of millions or a billion, the discrepancy can be significant. It's best to understand what you can or can't do with the money and how it can work for you. Will you invest it?
9) Charitable gifts. Many lottery winners want to help people financially initially after winning. If you are the giving type, it can be healthy to establish what you will or won't give to charities or other people early on.
10) Celebrate if you win the lottery! Winning a lotto jackpot can be once in a lifetime, although some people win twice. If this happens to you, rejoice! It is possible if you play.
If you play the lottery, never spend more than you can afford, have fun and remember that it only takes 1 ticket for a chance to win.
Timothy Schultz is the host of the Lottery, Dreams and Fortune podcast with Bullhead Entertainment. In 1999, Timothy Schultz won the Powerball in the USA before going back to college to study broadcast news and work on various productions. He's now combining his experience to launch this Youtube channel.
This channel features stories of overcoming the odds and how people are doing it. This includes interviews with lottery winners, prize winners, spiritualists, scientists and covers the latest lottery news. It has an emphasis on the belief that anything is possible.
Track: Midnight — Declan DP [Audio Library Release]
Music provided by Audio Library Plus
0:00 10 Tips if you win the lottery
:56 Secure the ticket
1:30 Keep quiet initially
2:26 Seek the help of experts
3:51 Understand the rules
4:43 Claiming anonymously or publicly
5:45 Cash vs. annuity
6:40 Hire a CPA
7:16 Plan for the future
8:05 Charitable gifts
9:25 Celebrate
9:49 1 Ticket To Win
10:03 Comment below the video
#lottery #lotterywinner #lotto #jackpot
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