Mississippi Lottery
Mississippi Lottery
Home     Lottery Guides     Lottery Winning
 

Lottery Winning

How to spend your lottery money

Winning millions from a lottery Mississippi is a very lucky thing and will change your life forever. Many people have dreams of how they will spend the money but few dream of the money ever running out. Without care and responsible spending and investing the money will run out. There are far too many stories of multi-million dollar jackpot winners losing everything. How can that happen? Easily, is the answer! Unchecked spending will deplete the large windfall quickly, often in just a couple of years. Most investment bankers will tell you that you should take some of it and spend it, after all it was a lottery win, you should have some fun but don't go overboard.

Read more...
 

How to Spend Your Lottery Money

Everyone who plays a lottery dreams of winning and how to spend the money. Most of us think of paying off the house and all the bills and setting up college funds for the kids. Making trust funds so the kids never have to worry about money and if you win enough, paying off all your relatives bills and maybe starting a foundation for this or that and doing good things with the money.

Read more...
 

People who lost all their lottery winnings.

Winning the lottery is a dream come true and will change your life. For many it changes their life for the better, but for some it changes their lives for the worse. All too often winners of the lottery lose all of their winnings, ending up on social security and food stamps. Going from having it all to having nothing can be a nightmare!

Read more...
 

A guide for the lottery winner traveler

Winning the lottery is a dream of just about everyone. Winning the big jackpot is what we all want. So let's say you won $20 million. If you go for the cash pay out (lump sum) your winnings become more in the neighborhood of $10 million – still not bad by any means. You need to pay Uncle Sam, he is first in line. Assume 40% taxation for the cash pay out option so you are now sitting on $6 million, still nothing to thumb your nose at. Let's assume you are one of the lucky few to live in a place where there is no state or local tax. So how are you going to spend your $6 million? Pay off the house, set up college funds for the kids, buy that new car and plan a nice trip.

Read more...