Qualifications to Help Manage Your Millions

Becoming a overseas lottery jackpot winner is something that many people dream about, but  the reality of this can be daunting. You would have to manage your newfound money wisely, or you risk losing all of it in a short period. One way to help ensure your wealth is handled well for years to come is by investing in your education to support you in your new role as a millionaire.

Depending on your lifestyle and how you plan to spend the rest of your life, you might want to gain a qualification in financial planning, business, investing, or something else entirely.

You definitely don’t have to go as far as gaining a university degree, but now that you can afford it, that is an option for you. However, other Registered Training Organisations (RTO) offer smaller courses that may appeal to a new millionaire.

Below we have listed a few study options to gain qualifications to help manage your millions.

FINANCIAL PLANNING

If you’re an Australian or New Zealand resident who has just come into a large sum of money after winning from the draw of an overseas lottery, you may be dumbfounded by how you are supposed to manage this amount of wealth. There’s no rule saying that you have to spend every cent you have just won, so take your time and look into how you want this money to serve you. Investing in a course or degree in Financial Planning might be something to consider. Whether through a university or an RTO, we’ve listed a few course options for financial planning.

• Diploma of Financial Planning
• Graduate Certificate in Financial Planning

BUSINESS MANAGEMENT

If you’re an overseas lottery winner, you may be able to finally be able to afford to fund the business you have always dreamed of starting. But before you invest your millions into a business, ask yourself this: Do I know how to run a business? If you’ve answered yes, then congratulations and good luck on your new venture, but if the answer is no, you might want to look into gaining some qualifications to support you to ensure your business doesn’t fail as quickly as it started.

Below are some business management courses that you may want to consider.

• Bachelor of Business
• Diploma of Business

ACCOUNTING & TAXATION

Benefitting from overseas lottery winnings may mean you’d have a lot more disposable income, but that doesn’t necessarily give you the go ahead to buy anything and everything. Accounts and taxation qualifications can help determine your best financial options when it comes to investments or whether something is worth the extra money in the long run. You might be able to afford it, but is it worth the investment?

We’ve listed a few qualifications below for accounting and taxation.

• Certificate IV in Accounting
• Bachelor of Professional Accounting

We hope that we have provided you with some of the information you may need or find useful on qualifications that might help manage any money gained from a huge jackpot lottery winnings. We’ve looked into financial planning, business management, accounting, and taxation qualifications. If you’re feeling overwhelmed with the idea of managing your millions or would just like some more information, make sure you do your research or contact a professional to set you on the right path.

The qualifications listed above or similar areas of study can give you a solid foundation that you can build on for years to come. So, if you’re serious about managing your money and want to ensure a bright future for yourself and your loved ones, we recommend investing in furthering your education.

After benefiting from one of our matched overseas lottery wins time and money should be in abundance! So do yourself a favour and invest in yourself and your education. You will never regret investing in furthering your knowledge, and you can be confident in knowing that your future self will thank you for it.

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