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Bookmark and Share Poll: The Next Time I Get a "Windfall" Lottery or Otherwise.. I will Pay Off or Pay For.....

Linkedin Poll: The Next Time I Get a "Financial Windfall" Lottery or Otherwise.. I will Pay Off or Pay For..... http://lnkd.in/n5csQV

Consider the following exercise, recommended by experts who study the psychology of investing: Finish the following statement with as many answers as apply: If I had won a big chunk of money — not necessarily the jackpot, but enough to change my life — in the lottery, I would have …

If you never win the lottery but you someday get a windfall, this is how you make sure that the amount — however big or small — has the ability to be “life changing.”

If zeroing debt would be the first step taken after collecting your lottery winnings, it probably should be the first move in your everyday financial planning, thereby eliminating much of the stress from your financial life.

Your financial goals are the same with or without the lottery, except that the jackpot could ensure that you reached everything you could remotely put onto your list of financial priorities. In fact, every time you play some giant lottery jackpot, it gives you a chance, and a reason, to review your financial priorities as they change over time.

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Published 1 year 38 weeks ago
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