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What amount do you need to win the Lottery in order to cease working?

Every participant in the Extraordinary Christmas Raffle hopes to be one of the lucky winners.

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What amount do you need to win the Lottery in order to cease working?

Every participant in the Extraordinary Christmas Raffle hopes to be one of the lucky winners. You can stop working for good with a little money. But is it possible? What amount of money would that cost?

According to the Christmas Lottery 41.5% would use the prize for debt settlement. The fourth most popular option is to save money, invest in a house, and buy a car. With the amazing prizes, there are many purposes that can be achieved.

The winners will receive just under 400,000 euro with a 20% withholding to the Treasury. The second prize is a great chance, with 125,000 Euros per tenth; the third and fifth prizes are 50,000, 20,000, and 6,000, respectively.

All those who were lucky on December 22nd and are wondering if they can continue to work should be aware that it depends on many factors, such as their age, years of contribution, or the number of people they have in their care.

According to the National Institute of Statistics (INE) data, a 30-year old would live until just over 66 if their average annual spending was 10,848.22 euro for each person. This excludes any extraordinary expenses that are more complicated. This is without counting the number people you have in your care, which logically increases the annual figure. It also complicates claims by anyone who believes they can quit working as a winner.

It would be hard for one award, even the largest, to allow a person to live comfortably without having to work. This would not mean that they have to reduce their expenses and wear their seatbelts at all costs.

They recommend using money to solve everyday economic problems. Depending on each person's situation, use the mattress as a savings or investment tool. It is important to keep your mind at ease. It's very common to misuse your credit card or follow dangerous advice that can cause you to lose everything.

Don't trust luck with the prize money. Instead, invest it all. It is best to invest the prize money intelligently. Although it's the best option, it won't multiply your gains.

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