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- Millions to one is a common ratio for the odds of winning a big lottery prize. The general consensus among financial experts is that prudent money management and solid financial planning are preferable to depending solely on lottery winnings as a financial strategy. Putting Together a Diverse Portfolio.
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- Using their resources for good, he counseled them to think about contributing back to their communities. Sam's final pieces of advice for aspiring lottery winners were to stay modest, manage their money well, and use their good fortune to change the world.
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- Although winning the lottery changed Sam's life for the better in many ways, there were drawbacks as well. All of a sudden, strangers who had heard about his winnings, long-lost friends, and distant relatives began pleading with him for money. Attempting to balance his life & deal with these demands was too much for Sam to handle. Managing his wealth responsibly & choosing how best to use his resources were additional pressures he had to cope with. Sam also had to deal with the difficulty of learning how to defend himself against con artists and lottery winners' scams. He needed to exercise extreme caution in protecting his assets and making sure that he was not deceived by dishonest people who wanted to profit from his newfound prosperity.
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