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PREVIOUS：Alex started considering long-term investments and charitable activities in addition to debt repayment. He thought about establishing a scholarship fund for aspiring graphic designers from disadvantaged backgrounds because he had always had a strong passion for art and design. In addition to giving back to the community, this program would foster talent that might not otherwise be recognized. In order to generate passive income streams that would ensure his financial stability for years to come, Alex also intended to invest in real estate.NEXT：As he thought about what this newfound wealth might mean for his future, the burden of credit card debt, student loans, and financial instability started to lessen. Alex struggled to adjust to his new reality in the days after his victory. To make sure he made wise decisions regarding his newfound wealth, he sought the counsel of financial specialists. Given that many lottery winners have experienced financial ruin within a few years of their windfall, the significance of sound financial management became evident. Alex was resolved not to suffer that fate.
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