Your friend has just won a large amount of money in the lottery. She would like your advice as to

how to spend it. Write a letter to your friend. In your letter congratulate him/her on their win. Give practical advice on how to spend the money. Advice him on benefit/drawbacks associated with large wins

Dear Clara,

It’s been long we are in touch with each other. I hope your family is doing well.

I would like to congratulate you on winning the Qatar Jackpot. I heard from Sara that you had won the lottery of this month. I became really happy, and I was planning to write to you; meanwhile, I got your letter.

In your letter you have mentioned that you need help in managing and investing money. My experience as a financial advisor can give you some tips to manage finance efficiently. First of all, you need to divide the total amount into four. You can use first quarter to finish of all your debts and second quarter can be kept as an emergency fund. Then the third quarter can be diverted to low-risk investments and the last part for the daily expenses.

Also, I like to share some positives and negatives of winning jackpot. The merit is that you will get liquid cash in your account and can invest that in assets. However, a lot of money will be deducted as commission and taxes, when you are claiming the amount from the jackpot company. So, you have to plan accordingly while you are spending and making commitments.

Hope this letter finds useful to you.

Lovingly,

Maria

Submitted by Aswathy (Aug-Sep Batch, 2022)