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.