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Wednesday, January 15, 2014

Tips For The Holder Of Ghana Lotto Winning Numbers

By Marissa Velazquez


When Ghana lotto winning numbers are announced, the holder is spun into confusion as a lot of attention is focused on him or her. Friends, colleagues and relatives pile huge expectations on the winner. The media trails every step made with probing questions on plans and expectations. You should consider several steps that will ease off the pressure and allow you to focus and make the most out to the cash.

Retain a low profile by remaining anonymous. This keeps off the sudden and overwhelming requests for handouts, involvements in charity events and grants to family and friends. You will have sober time to make your plans and ensure that the cash is spent wisely. You have no pressure to make immediate plans and can concentrate on viable long term plans. The lottery offers several months within which you can claim the price.

The services of seasoned financial consultants and tax pros are required before claiming the price. They explain all the options and the tax implications of the decisions you are going to make. The options available include claiming the amount in lump some or spreading it in form of annuities. It helps to understand your spending habits and prevent wasting the money in a few weeks.

Winners have made sudden lifestyle transformations that have worked against them. This includes the purchase of luxury vehicles and homes as well as quitting jobs. Experts have warned against such measures. The winner should celebrate in a reasonable way as a way to engage with friends and family. Consider that there is a future that must be safe guarded.

Debts are a big handle to development. Using the cash from the lottery, ensure that you pay off any debts that you may owe individuals, organizations or institutions. This gives you a perfect picture of your financial status. They should include mortgages and credit cards. Paying off debts cannot be equated to investing in order to pay in future. The value of the money might reduce over time to your disadvantage.

Involving reliable legal and financial experts in long term planning guarantees you solid investment. The win brings numerous advisers some of whom are opportunists. You should vet the group to be left with independent advisers whose guidance is reliable. Seasoned advisers understand the opportunities available in the market and the risks they bring along.

The investment decisions you make should be based on asset accumulation. Solid plans take time to develop. It is therefore advisable to leave the money for up to six months. Live within a reasonable budgetary limit to avoid wastage. All decisions made should increase your wealth.

Having the Ghana lotto winning numbers can be very confusing and therefore requires a seasoned and considered approach. Conduct a review of estate plans including taxes such that your wealth is protected in the long term. It pays to consider a few charity organizations and missions to contribute or participate. The final decision is yours to make.




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