Kochi: Jayapalan, who won the Onam bumper lottery last year, said that following winning the lottery, the amount should not be paid to anyone for two years. Jayapalan stated that if you stop using money in the first place, you will be in a situation where both the principal and the interest will be gone.
“Deliver the ticket to the bank. If you get the money, you should put it as a fixed deposit for two years. Tax will be paid twice. Once the money is spent, there will be no money left to pay the taxes. Live without pomp. After two years, the money can be spent.
Money should be managed carefully. It will be difficult if you live in the first place. Find a way to live first. Then help others. If not, all the principal and interest will go away. There were people asking for help every day. We cannot help everyone.
I am poor. My friends are also poor. It is not enough if we give it to ourselves. Because they did not give following asking, their own and relatives became enemies. After we gave it, it was not difficult for us?. Can’t help everyone. But he helped three-four-five people in need. There is no time to help everyone. Shouldn’t you put it in a fixed deposit? Only following paying the interest and knowing the income and expenses can something be done.
It is now free following paying all the taxes. Now you have to start something that will generate income. If you can profit from it and help others, you should help. The money has been set aside as a deposit in the name of the children,” Jayapalan added.
Even following hitting the bumper, Jayapalan, who was an auto driver, continues to do the same profession. Jayapalan won two bumper lottery tickets this time. Two tickets were taken. This time, Jayapalan took one Thrissur ticket and one Alappuzha ticket from Tripunithura. He also stated that he has not yet started living with the money he won from the lottery.
English Summary: Jayapalan, Onam bumper 2021 winner speaks regarding how to spend money won through the lottery
