Most people dream about winning the lottery. Buying a European villa. A fleet of luxury cars. Quitting their job and spending their days traveling the globe. But most people don’t think about the financial planning that lottery winners face; and the financial tips that all people who play the lottery should know.
Financial expert and President of Pacifica Wealth Advisors, Robert Pagliarini, works to help people that have come into sudden wealth, and he says that there are important tips to deal with the psychological and emotional factors that come along with your new fortune.
“You go through this honeymoon phase: there is a lot of excitement, you are buying things, but after a few months, that’s when reality sets in,” Pagliarini says, describing the crucial moment when lottery winners either set themselves out on a path of continued financial success or down a road to financial doom.
Pagliarini says that for those playing the lottery, there are crucial questions thatRead More »from What Everyone Who Wants to Win the Lottery Should Know