5 Things You Need to do After a Big Win. - page 3.

TribalBob

sr. member

Activity: 1330

Merit: 257

DGbet.fun - Crypto Sportsbook

Quote from: memehunter on October 30, 2024, 01:19:02 PM

I understand that 'BIG' means different to different individuals. Here by 'BIG' I mean life-changing money (bigger than 20x of your monthly income).

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.
2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.
3. Do not change your lifestyle immediately, as it will help you to remain disciplined, which will eventually help you out to earn even more.
4. Consult a certified financial consultant and invest in a diversified portfolio other than gambling, probably for the long term, at least 80% of your winnings.
5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

If you have any suggestions feel free to addon.

option no 5 is highly discouraged where I strongly refuse to quit my job. because even though there is a big win, I think it is better to keep working because gambling is not a safe place to earn money like we work in the real world, big wins will eventually run out even if we manage the money

eisen33

full member

Activity: 0

Merit: 0

When I read your post, I get the impression that you are talking about winning the Jackpot, but it seems to me that to win such a big win you need a lot of luck, or play for big money. The smartest move after winning a lot of money would be to invest it in something that will bring you passive income, and changing your lifestyle right away will not work, you need to change for this, and this takes time. The most important thing is not to spend it all at once on something useless.)

tread93

hero member

Activity: 1344

Merit: 583

Quote from: memehunter on October 30, 2024, 01:19:02 PM

I understand that 'BIG' means different to different individuals. Here by 'BIG' I mean life-changing money (bigger than 20x of your monthly income).

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.
2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.
3. Do not change your lifestyle immediately, as it will help you to remain disciplined, which will eventually help you out to earn even more.
4. Consult a certified financial consultant and invest in a diversified portfolio other than gambling, probably for the long term, at least 80% of your winnings.
5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

If you have any suggestions feel free to addon.

I like this, honestly what I would add in before anything is to create a trust and any assets you buy go into that trust so that you are never at risk of losing any of the many properties and assets you would certainly buy yourself or your family with hopefully what is a very substantial winnings.

Onyeeze

full member

Activity: 672

Merit: 204

Quote from: Rruchi man on October 30, 2024, 01:36:05 PM

Quote from: memehunter on October 30, 2024, 01:19:02 PM

2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.

There's an amount of money that you would win that would require you to go offline or on vacation for a period longer than a week not just to give you the time to think about how to spend the money but also for the sake of your safety because that amount of money has put your safety in question even amongst the people you call friends.

If you are someone without a partner, it can be better to make such a trip on your own without friends.

You're right, because I know quite well that when some people win in gambling they will suspend gambling for long-term before they associate in gambling again, so in gambling its when people loses in gambling its when you will hear their noise but when they win money through gambling, some people will be indoors so that people will not know that they have make money through gambling, so I believe that gambling is something people doesn't talk about the profit they make in gambling, but when they lose in gambling they will like nearby people to notice of it, and that's why when some people make money through gambling they will leave it for sometime to enjoy the one they made already

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

Quote from: JoyMarsha on October 31, 2024, 02:54:07 PM

I don't see this happening for someone to feel safe to leave their big amount win from gambling in the bank for a month, whereby there are a whole lot of opportunities out there for them to start up. A business-minded individual thinks of ways to rich themselves rather than leaving their money in the bank for no just cause. They would instead utilize the big money won immediately to put into their running business or start up a new business entirely

The OP gave the advice to avoid hasty investment. Some gamblers don't have any investment plan which is why they need time to search for business and do the necessary feasibility studies to determine the viability of the venture. At least one month will be enough to come up with a good business plan. In any case, it will be a waste of time and resources to keep the money in the bank for a long time. Inflation will gradually make the funds lose value over time. Converting and keeping the money in Bitcoin will be a better option.

Zigabel

full member

Activity: 406

Merit: 194

Duelbits.com

OP you made a very good attempt at trying to giving the best idea about what exactly should be done in other to avoid a situation of misappropriation of funds but on a second taught, quiting your Job almost immediately wouldn't be ideal rather quit gambling for a while and keep your job because you never can tell if the your plans are going to play out exactly as they have been planned and are figured in your head, investing also isn't another thing to rush into because if you invest in what you don't understand your money will be lost in ways you don't understand too, time like you did mentioned is of essence to really get things fixed enough that they don't turn out bad in a way you wouldn't like.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Quote from: memehunter on October 30, 2024, 01:19:02 PM

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.

At least with the money already in the bank account, you will be a little relieved because you already have a lot of money, usually this will be a peace of mind where someone saves so much money from a big win.

Quote from: memehunter on October 30, 2024, 01:19:02 PM

2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.

It's okay to take a vacation with your family and not tell them where the money came from, but it's usually a question mark for your family.

Quote from: memehunter on October 30, 2024, 01:19:02 PM

3. Do not change your lifestyle immediately, as it will help you to remain disciplined, which will eventually help you out to earn even more.

This is what many people do wrong, where when they win big, they change their lifestyle, as a result this is undisciplined especially when other people you win big, you will be approached continuously.

Quote from: memehunter on October 30, 2024, 01:19:02 PM

4. Consult a certified financial consultant and invest in a diversified portfolio other than gambling, probably for the long term, at least 80% of your winnings.

This is a good way - at least consult with people who know you will have a lot of direction.

Quote from: memehunter on October 30, 2024, 01:19:02 PM

5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

You can quit your job, but don't rely on this money - at least quit your job and start a new business from this money.

JoyMarsha

sr. member

Activity: 924

Merit: 365

OP, I understand the point you want to make on how someone can utilize their big wins properly so that it will be beneficial for them in the long run. But you should also keep in mind that every one of us has our plans for how we feel; it's suitable to spend and favorably utilize our big wins.

Quote from: memehunter on October 30, 2024, 01:19:02 PM

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.

I don't see this happening for someone to feel safe to leave their big amount win from gambling in the bank for a month, whereby there are a whole lot of opportunities out there for them to start up. A business-minded individual thinks of ways to rich themselves rather than leaving their money in the bank for no just cause. They would instead utilize the big money won immediately to put into their running business or start up a new business entirely

hedgeh0g

hero member

Activity: 868

Merit: 618

Quote from: coin-investor on October 31, 2024, 02:16:34 PM

Its like having a status quo or letting your current situation remain; you can only do this if you are used to winning or have a strong willed character, because when we hit the jackpot, we tend to display a feeling of satisfaction and pride, and we suddenly remember what we want in life, like buying new clothes, new cellphone or new motor, we want to reap or rewarded ourselves for this achievement.
I once said to myself that I will put money in a bank once I win big money, but when I hit it big, I just remembered we need to renovate our house.
So your need whenever you win big will always prevail. What you mentioned is all good only if you have a strong character and you can follow what you've planned. You should first cultivate a strong character. I have seen gamblers list what they will do with the money and end up only following half of what they planned.

Many people promise themselves one thing, and when the moment comes, they do something completely different. This is normal human nature, because not all players are robots that act according to algorithms. Even I promise myself that I will do many things if I win the jackpot, but I am not even sure that I can really do it. Nevertheless, we must strive for this, because if we do not do even this, then we will definitely lose this money and it will easily go away. Probably, cool players have trained this feeling in themselves, just take the winnings and leave when necessary, this is a strong step.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Its like having a status quo or letting your current situation remain; you can only do this if you are used to winning or have a strong willed character, because when we hit the jackpot, we tend to display a feeling of satisfaction and pride, and we suddenly remember what we want in life, like buying new clothes, new cellphone or new motor, we want to reap or rewarded ourselves for this achievement.
I once said to myself that I will put money in a bank once I win big money, but when I hit it big, I just remembered we need to renovate our house.
So your need whenever you win big will always prevail. What you mentioned is all good only if you have a strong character and you can follow what you've planned. You should first cultivate a strong character. I have seen gamblers list what they will do with the money and end up only following half of what they planned.

Ruttoshi

sr. member

Activity: 476

Merit: 385

Baba God Noni

Quote from: memehunter on October 30, 2024, 01:19:02 PM

I understand that 'BIG' means different to different individuals. Here by 'BIG' I mean life-changing money (bigger than 20x of your monthly income).

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.
2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.
3. Do not change your lifestyle immediately, as it will help you to remain disciplined, which will eventually help you out to earn even more.
4. Consult a certified financial consultant and invest in a diversified portfolio other than gambling, probably for the long term, at least 80% of your winnings.
5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

If you have any suggestions feel free to addon.

Hmm..these are good suggestions, and they will be helpful for one to manage his BIG win. It's hard for people who loves to show off to practice what you mentioned above, because he will want to let everyone know that he won big through his life style.

There are some people who don't get moved by big funds, because they will act as if they don't have such money and live their normal lives, it is such people that will be able to do those things that you mentioned above.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: alastantiger on October 31, 2024, 05:59:56 AM

Quote from: memehunter on October 30, 2024, 01:19:02 PM

I understand that 'BIG' means different to different individuals. Here by 'BIG' I mean life-changing money (bigger than 20x of your monthly income).

5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

Don't quit your job after being victorious from your bets, continue to work until you have invested that money in a standard investment that'll be giving you a steady profits yearly so you don't go back. Quiting sends a signal to your brain that you don't have to work again because you have made it in life and that will be the begining of your downfall. Use a considerable amount of the rewards to invest in Bitcoin and keep on hodling. You should be prepared already for when you win and not wait until you won before you start to prepare because by then, you'll be overwhelmed by the money that you wouldn't know how to invest the money in a wise way.

Futhermore, don't do anything extra after winning, don't go for vacations or spend lavishly. Stay low key and continue living as you use to because being loud attract negative energy.

Totally a suicide thing if you do quit up your job on the moment that you do make out some good win in gambling on which we know that when it comes into this aspect that luck isnt always on our side.
Speaking about gambling then it is really that everything depends on pure chance. Lets say that you've been dealing up with sports betting or some card games on which you could really be able to apply some analysis but this is something that you couldnt really be able to put up some assurance that you can be able to earn money for very long time since this do really involved luck on every trade that you are making.
You cant really be just that deal up on something that do really relies on it. Be careful on having these kind of thoughts into your mind as if you are pretty sure that this could last up for long time.
When it comes to gambling then its something which should really be treated just for the sake of fun on which its really that something that you do need up to consider not to make it as an income source
on where you do really ends up on having some issues with finances if you are really that trying out to make things to work or do on what you do have in mind.

Accardo

hero member

Activity: 1260

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: ethereumhunter on October 31, 2024, 06:42:03 AM

5 things that I need to do after big win is withdraw the money. That is the most important for me because I can use that money to celebrates with my family and friends or go vacation with them. I can buy something that I need for me and my family and else so I will use the money for the right thing. I will not change my lifestyle because that can makes people around me suspicious where I get the money. I prefer to do as usual without any chance to help me hide my wins from them. I will invest the win money to Bitcoin or others so I can save the money for my future because with that big money, I can prepare my family's future with better.

Funny enough tips on wins as this is not necessary. What that matters is the big wins, how the player spends shouldn't be studied or picked from advises. Perhaps most gamers had no plans before hitting the jackpot. It's an unannounced event with surprise surrounding the player. In a nutshell, number 2 is typically a norm for almost all winners. But you perspective is top notched, wise big earners prefer to lie low and avoid attracting the wrong people.

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Well, first of all I wouldn't really advice you to keep your wins in your bank account for that long because you might be tempted to gamble with it, instead it's better to make an investment or better still put it in a fixed deposit account. Having a huge amount of money in your possession without using it for any specific purposes can trigger the urge to gamble. Lastly, no matter how big your win might be never quit your job immediately, make sure you are financially stable first, no matter how busy you are I'm sure you can still make out time to learn anything you want about finance.

Gozie51

hero member

Activity: 2632

Merit: 626

Vave.com - Crypto Casino

Quote from: memehunter on October 30, 2024, 01:19:02 PM

2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger

This actually caught my attention. Even though chilling out with family helps to strengthen bonds with the couple but it is not just during the winnings because if you are waiting for until when you have such winning before doing the necessary and needful as to things like closing bonds and building it then you can be sure that you are already working apart on the family. It is good but my advise is not to wait until a winning in gambling because it takes time for most gamblers to have such winning. However, if that is added in the list of your to do after winning, with all pleasure, it is wise but don't wait before winning to give family members a good treat if you can afford it.

bias

hero member

Activity: 882

Merit: 501

I would say that you are right on some points. Like waiting a while to "digest" your big success (or luck?).
But this success will greatly affect you if the amount is correspondingly very large. If not, then the situation is much easier to manage. But the problem is that you don't know how you will react if you are not in this situation. We all express 1 opinion from a "safe" condition because we haven't won 1-2 or 3 million. I know of 2 cases where they won the lottery and automatically changed as soon as they got the money in their hands. So saying now that you haven't won that much what you will have to do when you win is probably meaningless.
For example, it is 100% certain that you will get a better car without thinking about it. You will go on a big trip and stay in the best rooms and eat where you wouldn't imagine, etc. When people who are not familiar with such big numbers suddenly acquire a lot of money, most of the time they lose themselves and not just their money...

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: ethereumhunter on October 31, 2024, 06:42:03 AM

5 things that I need to do after big win is withdraw the money. That is the most important for me because I can use that money to celebrates with my family and friends or go vacation with them. I can buy something that I need for me and my family and else so I will use the money for the right thing. I will not change my lifestyle because that can makes people around me suspicious where I get the money. I prefer to do as usual without any chance to help me hide my wins from them. I will invest the win money to Bitcoin or others so I can save the money for my future because with that big money, I can prepare my family's future with better.

Yes, with just one decision to "cash out" then everything is done, meaning a gambler has the opportunity to enjoy the amount of money they have won as you would like to do, namely by going on vacation with your friends or beloved family. Basically, using the money from winning for everything you want or need, such as buying things you want or to help meet your living needs or it can also be allocated to investments for a more beautiful future, it will always be the best decision than using the money from the winnings again on gambling which is likely to potentially eliminate everything in a short period of time.

Su-asa

sr. member

Activity: 434

Merit: 265

Sibi Dabo,,,,,,, Teme Ini Na Sime

I disagree with point number one, allowing the money to sit in your account for more than a week is very risky, if you are into gambling you would understand why. No matter how a huge a gamblers win might be he would always be tempted to make more attempts forgetting the fact that you can't always get lucky. Instead of keeping a huge amount of money in your bank account knowing fully well that you might fund your bet accounts, it's better to start making investments with it or purchase valuable items that you need, this would prevent you from throwing your wins away.

Dr.Bitcoin_Strange

hero member

Activity: 658

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: memehunter on October 30, 2024, 01:19:02 PM

I understand that 'BIG' means different to different individuals. Here by 'BIG' I mean life-changing money (bigger than 20x of your monthly income).

1. Let the money sit in your bank account (wallet) for at least one month. It will allow you to settle down your heightened emotions. Just let the amount sit and do not do anything with it for at least one month.
2. Go on a low-cost, week-long vacation with your family and friends (do not tell anybody about your winnings; do not boast) immediately. It will help you make your relationships stronger and will certainly help in doing step 1.
3. Do not change your lifestyle immediately, as it will help you to remain disciplined, which will eventually help you out to earn even more.
4. Consult a certified financial consultant and invest in a diversified portfolio other than gambling, probably for the long term, at least 80% of your winnings.
5. If your winnings are even greater and allow you to quit your job, then use your time to learn finance.

If you have any suggestions feel free to addon.

For the first one, I can not allow it sit on the bank or wallet for up to a month because I already have what's so important to do with it. Everyone is not the same and saying that one should keep it sitting in the account for a month, you can not tell if the person was even in a mess that they needed that lucky financial brake through.

For the second one, what can determine going on a vacation is if your job can permit you to do so or if everyone is ready for that because you can not just plan a sudden vacation.

I agree with you on the rest of the idea. Although before one quit their job, it's better to have already have another source of income that can be generating income either on daily, weekly or monthly basis.

Wexnident

hero member

Activity: 2688

Merit: 672

I don't request loans~

Quote from: memehunter on October 30, 2024, 01:19:02 PM

~

I actually wouldn't consider your own monthly income as base for a "life-changing" money. Maybe just set a flat minimum, like idk, $1m or 2. Someone earning say $400 per month would get $80k. Big? Yes. Life changing? Probably not.

For 3 imo, you actually DONT have to change your lifestlye. Maybe add some sprinkles in helping you manage your health via food and exercise, but outside of that, I'd say you can live relatively the same. Especially if in this case it was just 20x.

For 5, no matter what I still wouldn't really quit my job. Maybe if I started my own business, but till then, having that stable source of income is still going to be beneficial for you more than having none.

Topic: 5 Things You Need to do After a Big Win. - page 3. (Read 869 times)