The evidence says, “Not so Much,” especially if you didn’t do anything to “Find It!”
For lottery winners, it is mostly a negative. They end up broke, and their friends do too.
The winners think that giving money to “deserving causes” helps them, so they give money to friends and family thinking they are doing good.
What happens is they spend the money…mostly foolishly…and then come back to the “trough.” Money does not grow on trees and most people will get fed up with others sponging off them, so there goes the friendship and family peace.
Now I’m not saying this happens to everyone, but the research says it happens the vast majority of the time.
You don’t know how to handle money if you never had it.
Even the rich lose their money, and they worked for it!!!
Their children are notorious for losing fortunes.
So how do people think that they are going to be any different?
Money changes you…or rather brings out what’s on the inside. If you realize You Are Loved and can Love Yourself, you will see that “helping others” doesn’t really help them.
You will be able to resist, or “see-thru” all the requests, and give the money in a way that doesn’t hurt them.
I think it’s like buying them gifts instead of giving cash. You could pay off some debts, pay for education which is linked to maintaining grades, buying a car, house, or other necessary things.
How about helping them start a business, with much supervision, a loan, or equity stake.
How about using your influence to help people find jobs?
How about starting a “family bank,” where loans are given…at a low-interest rate? No other loans are given until paid.
Now, back to you!
The crucial thing is to “get used to the new money.” 6 months is a good time frame. You limit yourself to spending 5 or 10 percent of it, doing things like paying off debt, a nice dinner, and a small vacation…to get away from all the people hounding you…lol.
Your next objective is to learn about money and how to “keep it.” The rich know that it is harder to maintain…or rather grow…their wealth than create it.
The biggest reason is the fear of loss is bigger than the excitement of making it.
There are lots of people that specialize in helping them…you!
Remember, You are NOW RICH!
So go on a learning spree, getting courses and advice from everywhere you can…and pay for that advice. That way you will have some buy-in and be able to apply it.
Never accept just one person’s opinion. Learn and compare. Take what you resonate with and combine it into your own system.
That’s what the 6 months are for. You will still only a basic level of knowledge by then and, more importantly, you will be more accustomed to having money.
The system’s goal is always to generate enough profits from investing to give you the lifestyle you want.
So it’s more than learning about money…it’s learning how to invest it. First, find people and or programs that can do it for you.
You are not able to do it yourself, that will take several years.
Invest in at least 10 programs and start small, get your money back and then start to scale up…each time getting your initial investment back. It will increase the time to financial independence, but at least you will have your money.
One guy says, “I am more concerned about the return OF my money than the return ON it.
Good advice.
If you have grown your money by 10% in one year, you are doing very well. You have to limit the investing to a small part of the total amount. Then you can start to increase the risk.
So many people say they want bigger returns, but don’t realize that the risk goes up too. So always in terms of risk, not returns.
You can start to increase the risk by investing a larger percentage of your funds. Keep the programs you are using, but also keep researching and learning.
Move your funds around, to the better programs you find.
Pick different risks…like 10% to high risk, 50% to medium, and the rest to a guaranteed return.
Guaranteed can be savings accounts, but better would be annuities that guarantee a return after time…usually 10 years… that last for the rest of your life. The returns are usually 10% or better!
Also, life insurance can be structured to give you a secure income, plus a generous death benefit, but remember the “found money” principle. The beneficiary has to fulfill certain criteria…so the best beneficiary is a trust that is managed by someone that can judge criteria.
See, there is a lot to know…about money and keeping it…and there is so much more to learn.
But…none of this works unless you know that You Are Loved, You Love Yourself and you are in the process of Finding Your Dream!
I can help!
Email me for more info at vsalzer@vincesalzer.com!
