How
To Protect Your Winnings So You Don’t Go
Broke
by Scott Britner
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.
Mexico
Travel guide to mexico |
