(03) 9020 2905Show no emotion. For God’s sake, zip it! Stuff the ticket back in your pocket and continue to stare at the TV or newspaper like nothing happened.
Calmly, get the car keys. Start driving. When far enough from home, with the stereo turned up to “ear bleed”, you can safely scream.
Next, chuck a sickie. Confirm at a newsagent that your win is significant, say $2 million or more, and not that you’re sharing $1 million with 1000 people.
Far too many people blow this opportunity. If you want permission to buy a Ferrari, dress like Don Johnson, live in St Tropez, become a nightclub king, or otherwise join the ranks of Lleyton and Bec or Andre and Jordan as CUBs (Cashed Up Bogans) then you’re not going to get it from me.
Your aim? It should be to create a lifelong income stream that would give you the ultimate freedom – to work because you want to, not because you have to.
Interview several financial advisers, then spend the next two years buying quality investments of predominantly shares and property (but with some cash and bonds also). These assets should provide sufficient rent, dividends and interest to provide you with a reasonable ongoing income stream. But the assets themselves should also appreciate in value.
Sure, blow some on a good time, but building a permanent income stream should give you financial peace of mind forever.
Bruce Brammall is the author of Debt Man Walking (www.debtman.com.au) and a licensed financial adviser.