People all saying the same thing to teenage lotto winner seeking advice after scooping £10k a month jackpot

Some lucky teenager hopped onto Reddit to announce that they'd won the lottery, saying they'd got the 'set for life' jackpot.

While many lotteries will throw millions at the winner, the 'set for life' jackpot instead pays the lucky sod out in £10,000 instalments every month for the next 30 years.

Basically, it's a £3.6 million jackpot staggered out over time or the equivalent of scoring a job which earns £120k a year.

Actually, it's even more than that because lottery winners don't pay tax on their earnings, so it's more like an even higher paying job where you kept £120k a year.

A pretty tidy sum, all in all, but this teenager wanted to ask the internet for some advice as they said they were going to start university in September and their big win had left them questioning everything.

They wanted to know what they should do with the money and what they should tell people, and the internet's response was pretty unanimous.

It takes some good advice not to become a lottery winner who wishes they tore up their ticket. (Getty Stock Photo)

"DO NOT TELL ANYONE," was the common advice from those who chipped in to offer some friendly words, as they said 'people will try to take advantage of you'.

This is a common pitfall among lottery winners, everyone they know suddenly knows they're loaded and is lining up to ask for a bit of cash or an investment in that business idea that's totally not going to be a waste of money.

Lottery expert Andy Carter, who has worked as a senior financial advisor for lottery winners, said that one of the most common mistakes he saw people make was giving too much of it away.

Mark Gardiner, who split a £22 million jackpot equally with his business partner, said he spent some of his £11 million on houses for his friends but they don't even speak any more.

Lots of folks online gave the teenager the advice to get an independent financial advisor to help them work out what to do with the money, and to remember that the jackpot 'isn't infinite money'.

£10,000 a month for 30 years is pretty damn good, but lottery winners have come to regret their winnings in the past. (Getty Stock Photo)

£10k a month for 30 years sounds like a lot but if you spend it like there's no tomorrow you'll end up with nothing left.

Plenty of others said that the teen should continue to go to university and not miss out on the opportunity, only now freed of the financial pressures that many students face.

Someone else said to 'let the euphoric haze of winning settle first so you can think straight', and that seems like some good advice.

In general, pretty much everyone was telling the teen to keep shtum about the money, still go to university and to seek independent advice about what to do with the money.

There are plenty of lottery winners who keep working, either because their winnings weren't enough to retire on or because they wanted to keep doing something with their days.

If the lucky teenage winner plays their cards right they're in for a good 30 years, and perhaps they could even be 'set for life'.