Winning the lottery is the dream of many, but it may not be so pleasant if you don’t know how to drive well. If you have bought your ticket Powerball either Mega Millions waiting to hit the draw or you have already won a good sum of money, do not fall into these recurring errors so that your prize does not become a nightmare.

David Walls, an attorney who is an expert in lottery winnings issues, posted an article on his website about the challenges lottery winners face, particularly with their family.

The lawyer, who lives in Oklahoma, warned that lottery winners don’t understand that their lives have been changed forever and stressed that it is important to have mental strength. “The pressures can be overwhelming, and many winners don’t spend as much time protecting their psyche as they do protecting their newfound wealth.”notes Walls, according to a summary by The Sun.

WHAT ARE THE 4 MOST COMMON MISTAKES LOTTERY WINNERS MAKE?

Lawyer David Walls lists four of the most common mistakes lottery winners make. These are:

• Be friends with everyone. The first big mistake is becoming everyone’s friend.
• Be the family bank. The winner is often seen by his relatives as a banker to save them from all their financial problems.
• Not knowing how to say no Many times they can become bankers because it is very difficult to say no to requests from family or friends. It not only applies to requests for money, but also for gifts or trips, among others.
• Tell everyone. For the specialist, this it is the most serious mistake. While you may be excited to win the lottery, be it the jackpot or a hefty sum, telling everyone that you won can cause regret in the long run and put your safety at risk.

WHAT SHOULD A PERSON DO WHEN WINNING THE LOTTERY?

Lawyer David Walls recommends having a financial adviser so that he can make a plan on how to better manage your money.

He also emphasized the risks of players bragging about having won the jackpot. “Those who do almost always regret it.”, he emphasizes. He mentions that anonymity laws differ between states.

Finance expert Vivian, a former Wall Street trader, according to The Sun, recommended lottery winners invest part of their cash before spending their prize. “The idea is to stay rich“, said.

Legal experts at Waldron & Schneider, for their part, warned that winners should take good care of the ticket, keeping the original in a safe, and then making copies of it to display. They stressed that it is important to have a team of financial advisors and not be in a rush to spend your prize.