24 years ago, in 1999, John Falcon from the USA won the lottery. At the time, it was the largest lottery win anyone could win in New York. The man became almost 50 million US dollars richer. The man has now decided to share valuable advice, the “Daily Star” reported.
Often, when winning the lottery, people rush to spend the money on various whims out of happiness, and it can quickly run out. However, this is not the case for John. It has been 24 years since he won and he has only spent a couple of million of his winnings.
John has decided to share his advice to anyone who once manages to win the lottery and suddenly own a large sum of money. The man mentions that following these two tips will help you not to spend money so quickly.
To make sure the money wasn’t wasted or bought unnecessarily, John hired a financial advisor to help him control his impulses.
Also, John does not recommend withdrawing all of your winnings at once, if there is such a possibility. It is better to receive the winnings in parts, thus limiting spending. John decided that he wanted to receive his winnings in installments over 26 years. This is how John learned not to spend all his money at once, as well as to think about old age with one eye.
So far, John has spent the money on purely practical things. The first thing he did when he won the big prize was get his teeth fixed. Later he bought a luxury apartment.
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2023-05-14 13:01:47
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