Lifestyle

Five Creative Ways to Spend a Lottery Win

Winning the lottery is the dream of people the world over. This is not surprising given that a really big win can be life changing. You only need to look at winners like Mofijul Rahima Sheikh, who won 10m rupee, to see that this is the case.

My Sheikh won his prize in the Kerala lottery and there are plenty of opportunities for people in India to play the Kerala online lottery and other legal lotteries in states including Arunachal Pradesh, Madhya Pradesh, Meghalaya and Sikkim. Winning big when playing the lottery opens the door on lots of exciting opportunities. Here are five of the most creative.

Becoming a Secret Benefactor

We live in a world where many people are desperately in need of some financial help. There can be many reasons for this, such as illness or the break up of a family.

Lottery winners have a great chance to be useful to these people. They can give anonymous financial gifts or buy a much needed item for a person, such as a car for someone who has mobility issues.

Starting a Business

Putting at least part of the money from a lottery win towards starting a business is what many people dream of. Starting a business allows people to be their own boss and build a successful life, if they are dedicated and prepared to work hard. You can start your own clothing line or anything else you are interested in.

If a lottery winner decides to do this, it’s important for them to choose the right business, if they do not want to waste their win. Popular businesses that can make good money in India include tuition services, mobile recharge shops and breakfast joints.

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Taking the Family on Holiday

Paying for a family holiday is a great way of sharing a lottery win with loved ones. Destinations like Cambodia and Thailand are popular choices for people travelling abroad from India.

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Funding a Community Project

There are often projects in a local community which are in desperate need of money, such as building a new hospital block or arranging activities for a youth group. A lottery winner can put something back into the community where they live by supporting projects like these.

Starting an NGO

A non-governmental organisation (NGO) can be set up for a number of reasons such as supporting women’s rights or the welfare of children. If a lottery winner decides to set up an NGO they need to decide which cause they want to help. They also need to be prepared to put in a lot of effort.

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This is because setting up and running an NGO is not easy. A board of directors needs to be set up, a trust deed/ Memorandum of Understanding/Bylaws need to be documented and the NGO has to be registered. This may seem like a lot of work but the end result makes the effort worthwhile.

Winning the lottery is an exciting event. It’s also the perfect opportunity to make a real difference to a lot of lives, if the money is spent in a creative way.

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