With seven, count them seven new millionaires the Power ball has grown to $450 million dollars. Americans are racing off to the nearest fortune tellers, Ouija boards and what ever else they can find to help them crack those elusive numbers. And make them rich.
We have seen the lottery grow before. Then we read about the nice young woman who let the older lady in front of her in the grocery line. Only to learn, had she not done that thankless act she would have possibly been the lottery winner herself.
That young woman did receive a small token of thanks but nothing like those millions she lost from that one kind act.
We put together the top ten things people will do with the monies first. Feel free to add your own in there to make the list bigger and better.
1. Pay off all debts
2. Buy a new home
3. Buy a new ride
4. Buy new clothing
5. Quit working
6. Help the church out
7. Help some friends and family
8. Eat at the best restaurant in town
9. Take that always wanted trip
10. Have a huge party
None of these have any thing to do with investing. Taking cash instead of an annuity. You will take $304.1 million. Once Uncle Sam gets their slice of the action you really get under $200 million or there about. Add lawyer and accountant fees you may whined up broke as some lottery winners have shared.
Not bad for a two dollar ticket. Unless you are a shopaholic. That win may take you for the ride of a lifetime and right back into poor-ville when your done.
So here is the number one thing anyone ought to do with the money first. Invest; and that my friends may save you from a lifetime of wishing, hoping and dreaming about what if.
Good luck fellow Americans, we got our tickets, do you have yours?
We have seen the lottery grow before. Then we read about the nice young woman who let the older lady in front of her in the grocery line. Only to learn, had she not done that thankless act she would have possibly been the lottery winner herself.
That young woman did receive a small token of thanks but nothing like those millions she lost from that one kind act.
We put together the top ten things people will do with the monies first. Feel free to add your own in there to make the list bigger and better.
1. Pay off all debts
2. Buy a new home
3. Buy a new ride
4. Buy new clothing
5. Quit working
6. Help the church out
7. Help some friends and family
8. Eat at the best restaurant in town
9. Take that always wanted trip
10. Have a huge party
None of these have any thing to do with investing. Taking cash instead of an annuity. You will take $304.1 million. Once Uncle Sam gets their slice of the action you really get under $200 million or there about. Add lawyer and accountant fees you may whined up broke as some lottery winners have shared.
Not bad for a two dollar ticket. Unless you are a shopaholic. That win may take you for the ride of a lifetime and right back into poor-ville when your done.
So here is the number one thing anyone ought to do with the money first. Invest; and that my friends may save you from a lifetime of wishing, hoping and dreaming about what if.
Good luck fellow Americans, we got our tickets, do you have yours?
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