I won $10m lottery - I give winners advice, including 3 steps on safeguarding cash & why I claimed m

Publish date: 2024-02-24

A LOTTERY WINNER won $10million in the Missouri State lottery in 2016, and is now giving people advice on how to make the most of their winnings.

In an interview with a well-known YouTuber, Timothy Schultz, Bradley Hahn explained the secrets to longevity when gaining a huge lump sum of money.

“Definitely getting your team together, like an advisor or a CPA is very important.”

“A lot of people think a lawyer is super important, but I got a lawyer for our trust, for the kids, and when we pass away.”

Financial website, Accounting explains that CPAs have many duties including examining financial records, giving advice on financial decisions, and sorting through your taxes.

"Your taxes are so much more difficult now [because] you have all this money and especially if you're in the stock market.

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"It's a lot of paperwork so I just let him know I gave him 800 to 1200 bucks a year and he does my taxes so it's worth it," the website said.

Once you get your CPAs and advisors, Hahn recommends investing your money into stocks and other financial opportunities.

In his interview, he told Schultz that thanks to his advisor's investments he makes more money each year, than if he would have taken the annuity agreement.

For those who don't know, annuity agreements in the lottery allow people to get their lottery win over a 30-year period, thus allowing winners to avoid hefty taxes.

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Hahn also advises fellow winners to have a clear budget when they start spending their money.

"You think ‘Oh I'm spending ten thousand today, you know [more money] tomorrow, but if you keep doing that it's gonna add up. You know?"

"You're spending more than your making so it's going to catch up to you eventually.”

While Hahn has proven to be a wealth of knowledge, not many people know that he won a $10million jackpot, and he prefers it that way.

"I love it because I can just walk into Walmart [or] here by the house and nobody knows, like nobody comes up and says ‘Aren't you that guy that won the lottery?’”

Kahn explained that his 2016 win not being well known allowed him to live the normal life he wanted.

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