You Won the Lottery, Now What?

You Won the Lottery, Now What? [INFOGRAPHIC]

You won the lottery! For many, it seems like a dream come true. You scratch off a little ticket and get notified that you’ve just won millions of dollars. Even for a small business owner who loves what he does, the possibility of financial freedom in this way can be appealing. But what happens if you win? This infographic gives you tips on your next steps.

This infographic focuses on winning the lottery, but the principles of money management are still applicable to receiving other large lump sums of money, such as a huge client contract or an inheritance. Use the ideas listed below to save more in the long run.