The biggest error a lottery winner may make, according to Timothy Schultz, who won a $28 million Powerball jackpot in 1999, is failing to see a financial counselor for advice on their substantial jackpot windfall.
Not only on gambling alone. Everybody needs financial adviser in his life. A lottery winner without financial adviser would not be able to adhere to financial regulations. He won't be able to detect any financial differences that may likely arise in terms of taxation.
You should at least have someone advising to push forward or to stop even if you have to be paying the person personally. Money sometimes can be misleading
In all business entity, it is good and advisable to have financial counselor. If you won a big lottery jackpot and you don't have a good financial counselor for better advice, the whole jackpot would be wasted.
The man really say the right thing. It is better if one has a finacial advisor that will be putting one through after wining a jackpot. If not, there is tendency that the person will also lose the money he won.
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