How You Can Make More Of Lottery Payments Now

To be sure the promise of collecting more money by the end of your lottery payments is attractive—maybe even too good to pass up. But if you really stop and think about how small incremental payouts are affecting your life, you might come to realize that that's not as a good a deal as it seems at first glance. If you had access to that money now, even in a smaller but still large amount, there are many things that you could be doing that could very well put you out on top, despite the lower collection amount.

What Opportunities Might You Be Missing?

Think about the things that you could be doing with your money if you had a large portion of it in one lump sum. Rather than budget your money against small lottery payments, instead you could be

• Investing in high-yield funds and investments. With your lottery winnings you are only entitled to the amount of your award. When you chose the incremental payout option, the lump-sum you could have received was simply invested into an annuity. That annuity is what is paying you through a combination of interest and principal. If the annuity does better than anticipated, the state lottery profits from the higher return—not you.

You could just as easily invest in an annuity—or better, in a higher yield or shorter return investment—and reap the total reward. Then any extra is yours to keep, not the state board's.

• Buying property or purchases. You may be able to borrow against your lottery winnings, but if you had cash in hand you may not need to. Or, you could put down a larger sum and minimize the cost of interest and fees. This would benefit you financially two-fold: first, you minimize or eliminate the cost of borrowing (interest), and second, you can buy at a lower price now rather than waiting to make large purchases in the future when things cost more.

• Living life. Money is only worthwhile to you if it does something good to improve your lifestyle. It makes no sense for you to struggle financially while waiting for a large sum of cash to eventually accumulate. That money could be put to better use now by granting you the financial freedom you need, alleviating financial stress, and putting you in control of all of your money. Particularly if the odds are better that your lottery payments will outlive you, it is in your best interest to cash out lottery payments now.

Sell Lottery Payments For Cash

It's not too late to change the structure of your lottery payments. You still have the option to sell lottery payments to a funding partner in exchange for a large lump sum of cash. This is actually a better option than if you had just chosen the lump-sum offered by the state lottery, because when you sell lottery payments to a buyer you can choose to retain some of the payments and therefore get both a future stream of income and a lump sum of cash now.

You can make more of your lottery winnings by exploring your options. Find a reliable lottery payment buyer and discuss the opportunities that are open to you through the sale of lottery winnings. Partner for your prosperity and make sure that you are the one enjoying the full benefit of your award.

Prosperity Partners has been working with and providing resources for lottery winners for 15 years. Prosperity Partners provides capital for lottery winners who want to sell lottery payments