What to Do If You Win the Lottery
Mega Millions is climbing close to ONE BILLION DOLLARS. And Powerball is up to almost a HALF A BILLION DOLLARS. Now, let's say, you somehow hit it lucky and win. Here are some things you need to make sure you do.
- Make sure you sign the back of the ticket. Until then, anyone can claim it. Just in case, sign it once you get it.
- Don't tell anyone if you win. You tell one person, chances are they are going to tell other people as well. And there's a good chance someone of suspect morals might hear you won the lottery. There are a lot of stories out there of people winning the lottery and then being robbed.
- Don't immediately take the lump sum. Of course, when the jackpot is as high as it is, it's not so bad. But if you take the payments and invest properly, you can make even more money with it.
- DO NOT start backing all your friends and family members business ideas. There will probably be a lot. And they'll ask for your money. That's a quick way back to the poor house. Maybe there's a reason the bank didn't approve the loan for your cousin's crazy business idea.