As you watched the tv screen, the barrel spun round a few times and your numbered balls fell out and down the chute. You screamed with joy and shouted and rang someone else to share the good news.

Now you've gone to the lottery HQ and got that massive windfall check. You can't stop looking at it. You are now officially a multi-millionaire.

Next thing to do is cash up and spend like crazy. But wait a minute... let's fast forward a couple of years...

What happens when all the winnings has been spent? After you've paid out $4m on a house with 200 acres, $1m on some homes for your friends or family, more $ for cars and boats.

And don't forget that 3 month world travel break you took with 20 'close' members of your family. Then schooling, some shares in a pineapple plantation, that new 20 seat dining room table...

Now it's all gone. So quickly too. You discover that you need more funds to maintain your expensive homes and cars, so gradually you sell them off.

That's why very few lottery winners hold on to their winnings for more than a few years. Because even big money is easy to spend. The amount seems unspendable and unendable because most winners are simply not used to dealing with large sums like this.

After a while the thousands look like the hundreds they were used to spending back in their job days. $25,000 for a pool cabana? No problem! Send it over!

Having a lump sum is a great feeling at first. But when it runs out in a year or two - it is not.

This "spending until it's gone" is the biggest problem for lottery winners. Here's how to avoid it. And how you can actually become richer!

The answer is to turn your winnings into cashflow.

Cashflow is one of the most important words in life. It means just that, cash flowing into your world so you can spend it. Call it income if you prefer. For most people it comes from working a job, trading time for a weekly wage. So how do you get extra cash flowing from a lottery win?

It is remarkably simple...

Your win is your capital... the golden goose. You've heard of that fairytale where a poor woodsman owned a goose which laid a golden egg each day. One day he wanted to find out where the eggs came from, so he killed it to look inside - and his income was lost forever.

Capital is like the goose ... it has got to be preserved, cherished and kept alive. So you put that capital - your winnings - into an investment, and then live off the interest it produces.

Say you got a $10m win. That will bring you in up to $800,000 a year - at around 7-8% in interest. For life.

It will keep coming in week after week, forever.

About $15,000 a week... pouring into your bank account without stopping. This amount is easily enough to pay a big mortgage, make payments on cars, boats... and have enough left over to travel and live a fine lifestyle.

Worried about living your life in debt? Don't be. The fact is you are simply borrowing against your capital, and that's very different from being penniless and struggling to make ends meet.

When you have this large amount of capital in the bank, secure, the banks will fall over themselves to lend to you. You don't even have to have a job or regular income, because the interest is the same thing.

And when you've paid it all off while enjoying life in the meantime, you still own everything you've bought... PLUS your capital. And the money keeps on rolling in. It's like having the goose that lays the golden eggs. You'll never run out.

It's a win-win situation! Here's the steps:

#1. When you're asked whether you want a lump sum or an annuity (payments spread out over a 20 year period or so), always ask for a lump amount.

#2. Keep some of the win aside for making deposits on your purchases.

#3. Ask your financial adviser to get you the safest return on your capital.

#4. Start buying your goods with payment amounts based on your interest.

#5. Relax! Enjoy!