What To Do With Your Winnings So You Dont Go Broke
It's been proven time and time again that the majority lottery or other gambling cash prize winners will be broke within a few years of winning. What a very depressing statistic.
Many lottery or other gambling systems are created to win when the player loses. The odds are in the favor of "the house." Sad but true.
However, the WeeklyWinning.com lottery system was designed to win because you, the player, wins. With a member-driven system that has increasing jackpots, guaranteed winners, unlimited chances to win and no limits? the odds are stacked in your favor.
With all the work to develop such a player-focused lottery system, we want to go the extra mile and make sure when you do win - no matter what the amount - you have a plan that will help you not return to your same financial situation prior to winning.
I call it the 10/20/70 plan.
The great thing is this plan can be used for your winnings at WeeklyWinning.com or any money you receive including lotteries, other cash prizes, tax returns? even your paycheck. It's a universal system that's been used by the wealthiest people to protect their financial future and now you can use it also.
Practice this system with your "winnings" and then try to migrate it into your "regular" paycheck. I promise you an exciting financial future once you do.
Let's allocate it in the following ways:
1) 10% to Charity
Before you spend a dime, you should take 10% "off the top" and give it to charity.
Charity is the act of giving back to the community. Contributing 10% is a good amount to strive for. You can certainly decide to go larger or smaller -- it's your plan.
This act of giving should be taught early in life. But it's never too late. Take a tour of a place where people are truly helpless so you can learn to feel compassion. Once you understand what some are going through daily, you won't have any trouble parting with a dime out of your dollar.
The reason I said you should start practicing with any extra money you have is because you should practice while the amounts are small: It's pretty easy to take a dime out of a dollar. But it's considerably harder to give away ten thousand out of one hundred thousand.
I know you say, "Oh, if I had a hundred thousand I'd have no trouble giving ten thousand." I'm not so sure. Ten thousand is a lot of money. Start practicing with a little so you'll develop the habit before the big money comes your way.
2) 20% to Save/Invest
With the next 20% you're going to create wealth. How? Well, there are lots of ways to create wealth with this 20%.
Let your imagination roam.
? Evaluate the skills you've developed at work or through your hobbies and consider how you can convert them into a profitable business. ? Learn to buy a product at wholesale and sell it for retail. Ebay makes it very easy to do this. ? You can purchase a piece of property and improve it.? Hire a financial planner and invest in stocks (make sure the financial planner is wealthy - don't take financial advice from someone more poor than you). ? Speak with your banker and find a tax-free retirement program and you can accumulate a princely sum over the years through compounding interest.
Poor people spend their money and save what's left. Rich people save their money and spend what's left.
3) 70% for Lifestyle
When considering how to spend this 70% you should divide it between necessities and luxuries. Use some of it to catch up bills, pay off credit accounts, etc. Use it to get ahead.
But, and I stress this wholeheartedly; make sure you use some of it to splurge. I'm serious. Be practical with some of it first but then just be totally, completely illogical with some of it.
Do something fun. Do something you've wanted to do but didn't have the money to do. Buy yourself something you've been depriving yourself from having because it "wasn't in your budget."
There is a psychological reason for this.
Think about it. When you "Win" money your brain starts thinking "Yeah, I can blow it on?[whatever comes to your mind]!" That's a typical reaction.
What if you then give some away to charity, invest some and pay the bills with the rest and your brain gets no "fun" satisfaction whatsoever. What do you think it's going to do?
Right - it's going to start regretting your decisions to use the 10/20/70 plan and it's going to want to go back to the 100% plan where you totally splurge and wind up deeper in debt than before winning the money.
Do you want to have fun with your money and know that you're protecting your financial future or do you want to continue to fall further behind and deeper in financial ruin?
It's up to you. But I hope when you win at WeeklyWinning.com, or wherever, that you choose to use this 10/20/70 plan and truly stack the odds in your favor for a happy financial future.
WeeklyWinning.com is so simple, so powerful, and so profitable for the players? it just makes sense. We look forward to making you a winner.
Scott Britner blended his background in programming and analysis with a little creativity and a lot of focus on the customer to develop the unique WeeklyWinning.com system. If you want to benefit from Increasing Jackpots, Guaranteed Weekly Winners, Instant Winner Bonuses, and No Limits... then check out http://www.WeeklyWinning.com?aid=ea127
Becoming a Consistent Winner at Online Low-Limit Texas Hold Em
Start with LIMIT Texas Hold 'EmBoth limit and no-limit Texas Hold 'Em are wonderful games. Each game provides unique opportunities in nearly every single hand and subtle complexities that can take more than a lifetime to master.
Oh the Thrill and Despair of Gambling
I do not know of many people who LIKE to work hard and just receive a salary at the end of the month. There is a dream in most of us that somewhere along the line, Lady luck will be in our favour and we will receivea small windfalla big jackpotthe national lotto.
Online Gambling Casinos - Wear Your Thinking Cap and Prosper
I receive many emails each week from people who deposited money at an online casino, only to walk away empty handed merely minutes later. Most of them are quite upset andunderstandably so.
Senior Citizen's Gambling Addiction On The Rise
Over the past few months there has been a significant increase in the number of seniors who have taken up gambling as a new form of entertainment. Through this exposure a larger percentage then expected have become addicted to gambling.
Baseball is Back!
What are your goals for this season?In another week the boys of summer will be back in action for another season of Major League Baseball. During the start of each sports season I like to evaluate how things went the previous season, and set my goals for the upcoming season.
The New Face of Poker - Internet Poker
There are several online poker rooms that offer Poker games against real people for real money. Millions of people from all over the globe play Poker on the web.
Video Poker - Best Strategy
The table below gives a basic drawing strategy for a Jacks or Better machine (the best kind). There is a perfect draw for every possible combination of cards dealt to you, but that strategy is far too complicated for this article and for the casual player.
James bond plays it and so does a large part of America. A table a wheel which has about 37-38 pockets many pockets where the ball must land after it is spun by the croupier.
Offshore sportsbooks are also the result of many regulations the US government has imposed on gambling. Offshore sportsbook betting still have great opportunities.
Why No-Limit Poker is Better Than Limit
If you are a tight-aggressive player, you need to consider playing No-Limit Hold 'em if you aren't already. With proper play, not only can you expect to increase your hourly win rate, but you can make it much more difficult for your opponents to draw out on you.
Are you a poker player? Can't get the guys together but still want to play? Try online poker. You can play from the comfort of your home right on your computer.
Blackjack is one of the most popular casino games after slot machines. As the aim of the game is to get the sum of the cards as close to 21 , as possible, without exceeding the number.
Three Card Poker Hand Rankings
Even though Three Card Poker is a fairly easy game to learn, one must pay particular attention to the composition of your poker hand. One of the major decisions in this game is whether to raise or fold and this you determine by your hand ranking.
The Dangers of Bingo
Let's face it; bingo is hardly going to arouse a thrill-seeker into taking it up in attraction to its high risk stakes. Over sixties, playing bingo in a community hall does not seem to register with the seedy possibilities of a stake-out associated with poker for example.
Here to Stay - Cyber Casinos and Their Benefits
The obvious advantages of gambling in a cyber casino are certainly the most decisive factors for most people gambling on the Internet. As opposed to gambling in a land based casino, one doesn't need the formality and etiquette requirements, specifically required in the larger, more expensive and more popular land based casinos.
Looking for a great place to play online Texas Holdem poker? Well, Party Poker and its affiliate sites are a great place to play. You'll find it all - Texas Holdem poker, Omaha, Omaha Hi/Lo, 7 Card Stud and 7 Card Hi/Lo games, including a wide range of games such as play-money tables, regular "ring games" (regular poker game with up to 9 players, limit, no limit, pot limit, tournaments, and more.
Texas Holdem Tournament Strategy - Poker Tournament Betting Basics
Welcome to the third in my Texas Holdem Strategy Series, focusing on no limit Texas Holdem poker tournament play and associated strategies. In this article, we'll build upon the poker tournament strategy fundamentals from last time, with some important poker betting strategy basics.
Asian Gambling Basics
Gambling became popular in China in the last phase of the imperial dynasty i.e.
Your Lottery Odds and The Fastest, No Cost Way To Radically Improve Them
If I had a lottery ticket for every time I've heard "well I play the Mega Millions lottery because the jackpot is so much bigger"..
Roulette System: Power of FAST Roulette System
This article is about how you can evaluate the power of roulette system.I would like to explain a few points on this power of roulette system.