One of the best ways to feel in control of the money rather than be controlled by the money is to get very clear on how much you have, where it is, how much income it will produce, and to develop a strategy for responding to loan requests from friends and family.
The latest lottery winner overcame a 171 million-to-one shot to win the Powerball. He is going to need the same kind of luck to hang on to the money and keep it from destroying his life.
Winning the lottery is a unique sudden wealth event that requires several immediate decisions. Here are six things you should do before you claim your lottery prize.
Winning the lottery has not always been the ticket to paradise. But if people use the money wisely, for a purpose, and with financial security being their number one priority, it might allow them to get closer to that elusive dream of happiness.
Then there's this. Would you really want to win the lottery (yes), but what about that long list of winners who end up losing everything -- their happiness, family, even their lives -- because of their lucky lottery ticket?
As a nice Italian boy, as well as a former runner-up in the Newman's Own & Good Housekeeping Recipe Contest for a dish I called Zezima's Zesty Ziti Zinger, I have many remembrances of things pasta.
At the urging of my wife, Sue, who got into the 21st century when it actually started, I exchanged my dumbphone for a smartphone. And it cost me only 99 cents.
I snapped a photo and spent 15 minutes moving the numbers on the Powerball ticket to look like winning numbers. Eighteen hours after posting, it was up to 400,000 shares. There aren't many good things that can come from a hoax, but hopefully I can turn this one into a positive.
Taking money over time is a tenet of my faith. I believe in God, the Cincinnati Reds and not taking money in a lump sum.
I grew up in an era of unrest in the Middle East I've lived most of my life with unrest in the Middle East. There is plenty of unrest in the Middle East now. I'd like to make sure that the United States has supplies of energy that actually come from the United States.
As someone who listens to people for a living, I am often waiting to hear small truths in statements that could be written off as pipe dreams. In every big dream that is dependent on the lottery, there are little ones that need expressing right now.
By Vanity Fair For your edification, a look back at the phrases, nouns, and neologisms that have, for better or for worse, shaped the week's nation...
Now, with the big drawing over and a few people much, much richer than they were on November 27th, it's a good time to look at America's lotteries. And an objective look at them reveals a simple truth: They're a bad idea.
Work with a financial advisor who works with more money than you have. There are financial advisors, estate-planning attorneys and trust officers who have worked with $100,000,000 or more. The scorekeeper for your local bowling league is not one of them.
Amanda Clayton was not your typical millionaire. In her short life, she won a million dollar lottery in Michigan, was convicted of collecting state welfare money after she got the million dollars and embroiled in a plethora of drama and legal battles. Now she is dead.
Some men bring women flowers on a first date. I bring my dates lottery tickets. What better way to potentiate a lifetime of romance and wonderment than by winning $80 million, or more, together?