Millionaire warns lottery winners must do four things immediately

A millionaire has warned prospective lottery winners to do four things immediately if they ever scoop the jackpot. Mark Tilbury, a self-made millionaire who produces videos on wealth-building for his popular YouTube channel, left school at 16 but now runs a multi-million-dollar company and has grossed "over 50 million". He now seeks to help others become "financially free," offering tips on everything from bank accounts to taxes and investments. Mark recently weighed in on the crucial steps you should take if you ever find yourself in the enviable position of winning the lottery. In a recent video titled 'You won the lottery, now what?' Mark outlined four specific steps to help you safeguard your win — and one that could help you avoid "ever running out" of cash. Mark said: "What to do in your first 24 hours after winning $50,000,000 (around £36,504,344). Step one: sign the lottery ticket, just in case it gets lost or stolen, so you can prove it's yours." Mark outlined four specific steps to help you safeguard your win (Image: Mark Tilbury/YouTube) He continued: "Step two: stay calm and collect your prize secretly to avoid unwanted attention. Step three: get a lawyer from a big firm that specialises in trust and estate planning. "Step four: make it last forever by figuring out how much you want to spend per year, then multiplying that by 25 and investing it in the S&P 500. That way, you should be able to withdraw four per cent per year without it ever running out." In 2023, Anita Pires, a call centre operator for the National Lottery, detailed how the process of checking a winning lottery ticket was "incredibly rigorous" in an effort to ensure that "no stone is left unturned". It involves a number of checks, including the shop where the winning ticket was bought and the day and time it was purchased. If these are correct, it is then "further investigated" before the lottery pays out. She added: "The most important thing for ease of validation is to be in possession of your ticket and the required validation information. For instance, if you paid by card in a retailer, this transaction would show under your bank statement." Mark now seeks to help others become "financially free" (Image: Mark Tilbury/YouTube) Notably, if you bought a paper ticket in person, Anita also recommended signing the back of it after you buy it to help prove it's indeed yours in the event you win. If disaster strikes and you lose your ticket, you could still win — but only if you have a genuine claim and submit it in writing to Camelot within 30 days of the draw. An investigation into the claim will then be conducted, and Camelot may even issue a prize at its discretion if no other valid claim has been made within 180 days. You can learn more about claiming a prize on the National Lottery website here.

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