It is the largest Jackpot in Lottery history and people can talk of little else but…
If I win, I’m going to ________________.
So, what if you hit the Jackpot now estimated at 1.4 billion dollars? Here are some realistic tips for managing that much money…
- Silence. While it would be really fun to post a Facebook or Twitter status all about the event, mums the word – even to family members. You will need to assemble a team of experts to help you – a trusted lawyer, accountant, financial adviser, and (top on my list) preacher. Together, the team can help you navigate the waters ahead.
- Do not change. You’ll have plenty of time to quit your job and buy an island…any decision you are going to make to uproot your life should be considered carefully and with wisdom. Many psychologists say when a major event (good or bad) happens in your life, you should take at least a year before you make a life changing decision.
- Remain Anonymous. If at all possible, remain anonymous. The minute your picture hits the public, every possible cousin from the marching of the Crusades is going to contact you. The last thing you want is to tie your name with 1.4 billion dollars.
- Don’t take the cash out option. The interest alone is like winning the lottery over and over again. Over the next 30 years you will receive an annuity as large as or even larger than the normal lottery jackpot. It will give you time to get your feet wet in Bill Gates’ circle of friends.
- Be generous. There are a lot of people in need in this world – use the winnings to impact people. Greed is an awful trait and it destroys marriages, families, friendships, and individuals every day. The secret to success is thinking of others first.
Just so you don’t mortgage your home to buy more chances at winning – your odds of capturing the ever changing, rapidly growing jackpot are one in 292.2 million.
We all best keep working, huh?
