If you could win the lottery right now, what would you do about it?
The lottery outside of sports, is a national pastime. It’s the most popular form of gambling in the U.S. With just $1 or $2 you could walk away with a big pay out despite chances being very slim. Unfortunately, there are many who have suffered the “rags to riches to rags” story and either have gone broke or bankrupt after winning.
Can you believe it? Couldn’t be you right?
It seems easier said than done, but collecting a large sum of money when you’ve never managed such amounts of funds can lead you down a rabbit hole of problems.
If you find yourself lucky with a lucky lottery ticket, the goal is to think long term, and requires a solid foundation and a strong game plan. Eszylfie Taylor, founder and president of Taylor Insurance and Financial is known as Hollywood’s Top Financial Advisor, helping celebrities, sports legends, and Fortune 500 companies navigate the challenges in the world of finance.
He spoke to the Defender and shared a few recommendations you might need if you become a lottery ticket winner.
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