Find out, how to stay away from costly mistakes. If you win in Powerball American lottery. When you become instant millionaire.
Factory worker JulieLeach won $310,500,000 USD
But she took only $140 Million USD, because she decided to take one payment, in a form of lump sum, instead of annuities.
After discovering huge Powerball winning. She quit her factory job automatically. The first emotion was obviously joy, but the second emotion was vague sense of panic.
What shall we do? We do not have experience to handle such a large sum of money. Previously we were living from salary. She admits herself, that she does not know, how to deal with that kind of money.
Before that huge Powerball winnings, she was working in fibre glass factory for 23 years. Her boyfriend was factory worker too. However her long term relationship with him was about to be tested. When he was standing alone in the corner, while she was holding huge cheque, by herself only.
Find out where to buy Powerball lottery tickets?
For some lottery winners such a large win might cause greed and jealousy.
Study shows that 70% of big lottery winners usually most of them loose the bulk of winnings within just few years.
Seven-time lottery winner gives advice:
Do not get caught into lottery fever. Many people all of a sudden start buying fancy cars and other luxurious items. and big parties.
After winning large sum of money in Powerball American lottery. First thing you need to do is:
Hire good accountant, good financial planner, and a good lawyer.
One big mistake many lottery winners usually do: giving too much money to family and friends.