Ever thought about what you would do if you hit the jackpot?
Would you spend your winnings or invest them?
Give some away or keep it for yourself?
Whether it’s $1 million or $100 million, winning the lottery changes your life. And while the stories of those who blew it all away are enough to put doubt in anyone’s mind, the experiences of those lucky individuals who have taken their winnings and transformed themselves are truly inspiring.
In a recent interview with Marie Claire, 2007 lottery winner Cynthia Stafford shared that money changes things…and fast. After winning over $112 million, she immediately decided to upgrade her home and car in order for her family to have a more comfortable and secure life. Cynthia had been working hard to support herself, her kids and her father for several years, and her big win brought the relief she had desired for a long time. She treated herself and her family to a few overseas trips and other luxuries, but her greatest investment was taking a business course in order to learn how to manage her new wealth. She believes you have to prepare yourself for wealth, and therefore worked together with financial advisors and lawyers to ensure she made investments and started businesses that would only grow her winnings. Today, she is the successful business woman and a thriving mom – a true example of what good lottery-winnings stewardship can bring.
Violet and Allen Large are two lottery winners whose story challenges not only every winner out there, but each of us individually. After winning $11.2 million in 2010, the generous couple, who were in their late 70s, ensured every one of their family members was secure, following which they donated the remainder of their winnings to charities and hospitals. They did not hold onto any of the winnings for themselves, as they believed “what you never had, you never miss”. Although Violet and Allen had retired in 1983, the believed that had a comfortable life and did not need the headache of dealing with such a large sum of money. Needless to say their chosen charities were very grateful for the couple’s philosophy!
Generosity with winnings is not just a recent trend. In 1993, the winner of $111 million, Les Robins, used a significant portion of his winnings to build a campsite for children. The former high school teacher was inspired by his own childhood memories of attending amazing Summer camps, and felt the need to provide the same opportunity for today’s children. Camp Winnegator has been in operation for the past 20 years, and had become one of the top campsites in America for kids. His newfound financial freedom has never held him back from ensuring today’s generation are given the best!
While the stories of lottery winners losing it all are true, those who have gone on to thrive are even more inspirational, to say the least. Winning big is possible and it shape you in ways you never dreamed. Be inspired. Be challenged. Whatever the investment or strategy, using your lottery winnings to transform your life and the lives of others is truly one of the most wonderful things to do.
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