If you play the Lottery, this video by Luxury Wire is for you. Have you ever imagined what you would do if you won millions of dollars? Would you be ready for that kind of pressure? …

People don't realize the responsibility of having all that money. Also, your close friends and family will look at you a bit differently, many may even be jealous of you... it's just human nature.

You could quite literally do anything you want, but there are some things that might be best to start with. This video is about how you can use that money to propel yourself into happiness and smart ventures.

As well as what you should probably avoid doing. Check out this video for some solid advice on what to do next after winning the lottery!

Things To Do If You Win The Lottery

Before claiming your lottery prize, consider what it will mean to you. For example, you may want to hold on to your job, or you may want to make sure your children stay grounded. You may also want to work with a financial adviser and pay off debts. This is all important to consider before claiming your prize.

Lottery winners tended to be less likely to take prescription drugs for mental disorders than non-lottery winners. This may be because the study participants were better off because they had more money than others.

Even though these findings do not support the conclusion that a lottery win contributes to a higher level of mental well-being, they are consistent with the other research.

Avoid people asking for money

After you win the lottery, you should avoid asking people for money. This is not only a good way to protect your finances but also your relationships. Remember, not all people think logically. They might give you money, thinking you are a gift, and do not care if you do not pay them back.

People may try to take advantage of you if you are lucky enough to win the lottery. In some states, lottery winners must publicly announce their winnings.

This can make your friends want to mooch off you. One lottery winner in West Virginia had her $545,000 stolen while she was sitting in her car. Other lottery winners have been victimized by scammers and investors.

Work with a financial adviser

A financial adviser is an excellent source of advice when you've won the lottery. While you can find one online, it's a good idea to consult with someone in person if you're unsure which one is right for you.

You'll need to decide whether to take your winnings as a lump sum or an annuity. Obviously, the lump sum payout will be less than the annuity because of the tax implications.

If you've won a lottery, you'll probably need a certified public accountant (CPA). This person will be able to explain the tax implications of your newfound cash.

Whether you'd like to receive the cash in one lump sum or several smaller payments over time, your CPA should explain the implications of each. Also, look for a CPA with a financial planning designation.

Pay off debts

If you win the lottery, the first thing you should do is to pay off any debts you have. It won't deplete your winnings much, but you will have some wiggle room to work within your budget. Also, if you have a large mortgage, you should try to pay it off in full. This way, you can deduct the interest on your mortgage when filing your taxes.

Taking advice from a financial advisor or attorney can be a great way to make sure you are making the best financial decisions.

A financial advisor will help you analyze your current situation and what you should do with your winnings. They can also help you calculate your future income and lottery payments.

Avoid quitting your job

You may want to quit your job if you win the lottery, but it isn't always a good idea. First of all, you should keep the winning ticket private from your coworkers. That way, they won't assume you're quitting. Furthermore, your prize may be the wrong number or the wrong date.

Second, don't quit without a plan. Make sure you know what to do next before quitting your job. You should also know how much money you've saved up. It is not a good idea to quit without having sufficient savings to cover all expenses.

Avoid becoming an ATM

One of the worst things you can do if you win the lottery is to become an ATM. If you've won the lottery, you'll be bombarded with requests for money, thousands of which may seem too good to be true.

The best way to avoid becoming an ATM is to be selective about the causes you choose to support, and to decide how much you'd like to help. One suggestion is to hire someone to sort through your mail and correspondence.

But before you can celebrate, you need to play - and win -with a successful system. Good luck!