We know that earning money and accumulating to become rich is a very difficult task. However, staying rich is a challenge not far away. Mainly, when you skip learning steps of what not to do with money that are learned by those who accumulate slowly.
It could be that I was the winner. I did my part, betting this Friday. As I write this text I still have my hopes.
I don’t usually play, as usually the odds are completely unfavorable.
In a single Mega-Sena game, the chance of being the winner is 1 in 50 million. If you pay $4.50, assuming you are the only winner, the prize should be more than $225 million to be worth it. The BRL 370 million prize looks interesting.
It doesn’t matter if you win alone or if the prize is split between several winners, your attitude after winning should be the same. Don’t do anything rashly.
To help you who won on what to do with the money, I explain below what I would do and avoid if I won.
To paraphrase Warren Buffett, the first and most important lesson is: don’t waste your money. And the second lesson: don’t forget the first lesson.
With a fortune like that, your goal should no longer be capital gain. Your thinking should be focused on wealth and income preservation.
Therefore, avoid excessive risk alternatives.
Your patrimony, if well planned, will be enough to serve generations.
There are two sources of error that beginners in resource management make and end up ruining wealth.
The first is to invest in trendy applications, for example, cryptoactives.
The second is to buy real estate in an unplanned way. Avoid buying real estate. A poorly selected or poorly managed real estate portfolio can generate more expense and work than income.
If you want to earn rental income, invest in a diversified portfolio of real estate funds.
For example, if you invest 15% of the lottery’s prize, that is, R$55 million in a portfolio of real estate funds, it will provide you with a monthly income of R$385,000 exempt from income tax.
That income is enough to pay rent for almost anywhere in the world you want to live.
The largest portion of equity must be invested in fixed income assets nationally and internationally.
Don’t think that because you received money, you now know how to manage it. Plan well what to do and count on professionals to guide you. The holders of the greatest fortunes have good financial advisors to assist them in their investment decisions.
Michael Viriato he is an investment advisor and founding partner of Investor’s House
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
