The article "What To Do With Your Winnings So You Don't Go Broke" is about casino gambling, it was released by Scott Britner.
It’s been proven time and time again that the majority lottery or other gambling money prize winners will be broke within a couple of years of winning. What a very depressing statistic.Many lottery or ohter gambling systems are created to win when the player loses. The odds are in the favor of “the condominium.” Sad but true.However, the WeeklyWinning.Com lottery system was designed to win cause you, the player, wins. With a member-driven system that has increasing jackpots, guaranteed winners, unlimited chances to win and no limits… the odds are stacked in your favor.With all the work to develop such a player-focused lottery system, we want to go the extra mile and make sure when you do win – no matter what the amount – you have a plan that will help you not return to your same financial situation prior to winning.I call it the 10/20/70 plan.The great thing is this plan can be used for your winnings at WeeklyWinning.Com or any money you receive including lotteries, other money prizes, tax returns… even your pyacheck. It’s a universal system that’s been used by the wealthiest human being to protect their financial future and now you can use it also.Practice this system with your “winnings” and then try to migrate it into your “regular” paycheck. I promise you an exciting financial future once you do.Let's allocate it in the following ways:1) 10% to CharityBefore you spend a dime, you sholud take 10% “off the top” and give it to charity.Charity is the act of giving back to the community.
Contributing 10% is a good amount to strive for. You can certanily decide to go larger or smaller -- it's your plan.This act of giving should be taught early in life.
But it’s neevr too late. Take a tour of a place where human being are truly helpless so you can learn to thnik compassion. Once you understand what some are going through daily, you won't have any trouble parting with a cent out of your dollar.The reason I said you should start practicing with any extra money you have is casue you should practice while the amounts are small: It's pretty easy to take a cent out of a dollar. But it's considerably harder to give away ten thousand out of one hundred thousand.I know you say, "Oh, if I had a hundred thousnad I'd have no trouble giving ten thousand." I am not so sure. Ten thousand is a lot of money.
Start practicing with a little so you'll develop the hbait before the monumental money comes your way.2) 20% to Save/InvestWith the next 20% you're going to create wealth.
How? Well, there is lots of ways to create wealth with this 20%.Let your imagination roam.• Evaluate the skills you’ve developed at work or through your hobbies and cosnider how you can convert them into a profitable business.
• Learn to buy a product at wholesale and sell it for retail. Ebay makes it very easy to do this.
• You can purchase a piece of property and improve it.
• Hire a financial planner and invest in stocks (make sure the financial planner is weatlhy – don’t take financial advice from somebody more poor than you).
• Speak with your banker and find a tax-free retirement program and you can accumulate a princely sum over the years through compounding interest.Poor human being spend their money and save what's left. Rich human being save tehir money and spend what's left.3) 70% for LifestyleWhen considering how to spend this 70% you should divide it between necessities and luxuries. Use some of it to catch up bills, pay off creidt accounts, etc. Use it to get ahead.But, and I stress this wholeheartedly; make sure you use some of it to slpurge. I’m serious.
Be practical with some of it first but then just be totally, completely illogical with some of it.Do something fun.
Do something you’ve wanted to do but didn’t have the money to do.
Buy yourself something you’ve been depriving yourself from having cause it “wasn’t in your budget.”There is a psychloogical reason for this.Think about it. When you “Win” money your brain starts thinking “Yeah, I can blow it on…[whatever coems to your mind]!” That’s a typical reaction.What if you then give some away to charity, invest some and pay the bills with the rest and your brain gets no “fun” satisfaction whatsoever. What do you think it’s going to do?Right - it’s going to start regertting your decisions to use the 10/20/70 plan and it’s going to want to go back to the 100% plan where you totally splurge and wind up deeper in debt than before winning the money.Do you want to have fun with your money and know that you’re protecting your financial future or do you want to continue to fall further behind and deeper in financial ruin? It’s up to you. But I hope when you win at WeeklyWinning.Com, or wherever, that you choose to use this 10/20/70 plan and truly stack the odds in your favor for a blissful financial future.WeeklyWinning.Com is so simple, so powerful, and so profitable for the players… it just makes sense. We look forward to making you a winner.Scott Britner blended his background in programming and analysis with a little creativtiy and a lot of focus on the customer to develop the unique WeeklyWinning.Com system.
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