Lottery ticket sold in Duluth wins $25,000 a year for life

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9. 14. 21. 34. 40.

No this isn’t Lost (or at least we hope it isn’t.) These are the numbers printed on the Lucky for Life ticket sold to someone in Duluth at the Fourth Street Market.

That someone, assuming they turn in the ticket within a year of Monday, will receive $25,000 a year before taxes, or roughly $12,000 a year after taxes for the rest of their life, or 20 years, whichever is longer.

No one has claimed the prize yet. Was it you?

Let’s assume it was you. Here are 5 unsolicited recommendations on how to spend the money:

Pay down your student loan debt. No seriously. I know it’s boring but paying down your debt is the best investment you can make.

Don’t change your lifestyle. Obviously $12,000 a year (after taxes) is a huge boost. Don’t let it change who you are.

Invest in your future. Once you’ve paid off your debt, invest the winnings. Investing even $200 a month can have a big effect down the road. Speaking of financial advice…

Hire a financial planner. A financial planner will help you find a plan that’s right for your lifestyle. They can help keep the lottery winnings a blessing, rather than a curse.

Give back. Consider donating some of the proceeds to a non profit community organization. In addition to helping your community, donations to local charities and non-profits are tax deductible.

 

Of course, you could always just throw yourself an awesome birthday party every year… forever. What would you do with the winnings? Tell us in the comments below!

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