Quote from: memehunter on October 30, 2024, 05:19:02 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 think what you mentioned above is a wise way to manage big wins in gambling, after the upheaval that occurs in gambling when winning or losing, of course we need refreshing to clear the mind, so that indeed the impact that occurs on gambling will not affect our lives both mentally and physically, the 5 steps have been very wise in my opinion, but a little advice from me:
1. We can save most of those wins for the future
2. Don't forget to pay off debts that may exist as a result
of our gambling so far.
3. Ensuring that the winnings provide long-term benefits.
4. If possible, of course it is better for us to quit gambling after such a big win.

In addition, using the money from winnings for investment seems to promise us more financial stability than for us to return to gambling after the win.