2023-05-10 18:27:00
A man who won the lottery just over 20 years ago revealed what are the secrets to not lose everything and avoid bankruptcy, as it happens to some lucky ones who splurge everything in the first years. In your case, implemented some techniques when his success was born and still applies them. Although they are recommendations from a millionaire, he considered that they work to be “happy” at any socioeconomic level.
John Falcon, originally from Puerto Rico, won $45 million in the New York lottery in 1999. At that time he was 44 years old, so the money helped him to fulfill some of the dreams that he had not been able to achieve throughout his life. However, it was also important to make him happier and have a secure future, he told The Sun.
The first thing he did when he collected his prize was to ask that it be deferred for 26 years.. That is to say, that he did not give him the US$45 million in a single payment, since he did not want to risk spending it. So by 2023 you are still making a profit in that mode. He also hired financial advisers to help him manage his money.
Although he invested in some assets, dental prostheses, theatrical businesses and even a movie about himself, he kept most of his fortune and invited people to do the same. He was determined not to spend his millions on parties and said the key to doing so was “learning to say no”. Although he had a large amount of money to buy what he wanted, he often refrained. “Everyone takes it for granted that it is an infinite amount of money, but you have to have withholding,” he said.
From your perspective, winning the lottery when he was older was a determining factor in being able to keep it. “I was 44 when I won the lottery, if I’d been 24 I’d be broke and working on a grill now. That’s why I’m so happy.” According to what he said, his life changed radically and not only because he has a prominent economic future, but because he learned to manage himself. “Before there was no sun, I tell you. There was only darkness, clouds, rain, constant snow. I was just working,” he said. in 2005.
On the other hand, Falcón assured that he has a dream life and that now his problems are different from what they were before: “Let’s see, I want to exercise and train with my singing teacher or I want to go to Rome to buy shoes. You’d be surprised how many times the shoes won.”
Besides, He said he was proud of having done a good job because that ensured him the quality of life he has now: “If you ask me if money buys happiness… the answer would be yes, it does. Everything else is emotional and philosophical nonsense… Money always makes things better. I do not regret anything. Ought?”.
THE NATION
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