Can lottery winners’ benefit from… taking it easy? That is what an article by Jack Keating, published on The Province, suggests:

Don McNay, an expert on how lottery winners handle their money, offers four basic tips: Keep it quiet; find some top-notch professional financial advisers; take the money over time instead of a lump sum, if possible; and perhaps give 10 per cent to charity or to something “that’s going to make an impact” in the community.

“Once you tell the world you’re getting that $50 million that you weren’t expecting, it attracts a huge entourage,” McNay, author of the book Son of a Son of a Gambler: Winners, Losers and What to Do When You Win the Lottery, said from Lexington, Ky., on Monday.

“So No. 1 is to try to keep it quiet,” he said. “Try to minimize the publicity as much as possible.”

[…] And he warns that it’s not necessarily a bed of roses for winners.

“The numbers say that 90 per cent of people will run through all the money in five years or less,” he said.

[…] He said his research found that there are “a lot of unhappy lottery winners,” because “people can’t get used to that dramatic of a lifestyle change.”

And also because people often crave for finding outside what can only be lived inside… You can read the full article on:

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