«Lottery, inheritance, fortune, wealth, management, advice, investment, money, money, money… These are coveted words that can turn into real nightmares. The million-dollar question – the one that’s vital for a new lottery winner – is: »What should I do with the prize and with my life?’” That’s how it began one of the many articles which we have published on the management of windfalls, whether they be inheritances, lottery winnings or various other windfalls. On the day of the Christmas lottery draw, I mustn’t forget to mention the all-too-easy self-deception to which RTVE invites us.
The public broadcaster’s website invites us to take part in a rather dangerous bit of fun. As you’ll see in sifueramillonario.rtve.es, any dreamer who wants to visualise the far-fetched growth of their lottery windfall over time can have a play with this app. But you’d be better off not giving any credence to the conclusions calculated by this website, because managing a fortune or wealth goes infinitely beyond the handful of simple and unrealistic calculations used by that site, which will no doubt be receiving tens or hundreds of thousands of visits these days. Let’s see why. (more…)