Mark Cuban's advice for Powerball Winner

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applecruncher

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https://taxes.yahoo.com/post/137218331818/heres-mark-cubans-advice-for-whoever-wins-the


The first thing you should do is hire a tax attorney.

Don’t take the lump sum. You don’t want to blow it all in one spot.

If you weren’t happy yesterday, you won’t be happy tomorrow. It’s money. It’s not happiness.

If you were happy yesterday, you are going to be a lot happier tomorrow. It’s money. Life gets easier when you don’t have to worry about the bills.

Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs $1 million for anything. No one needs $100,000 for anything. Anyone who asks is not your friend.

You don’t become a smart investor when you win the lottery. Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.

He also shared one last bonus tip with Business Insider: “Be nice. No one likes a mean billionaire.”
 

Even before I was a senior, I always wanted to get my winning in one lump some, still do. There's no way I would blow it, too smart for that and never was into the high/showy lifestyle. I would remain anonymous though, and seek advice from an attorney. Mark Cuban is a good person to give money managing advice, just really got to know him on Shark Tank.
 
When I hit the Powerball I'm gonna go visit uncle Fidel(en el pais de my nac) and smoke a Cuban, and sip a latte at a sidewalk cafe....;)
 
As I recall Mark also owns the Dallas Mavericks.

He isn't looking to manage anyone else's money; he simply made some comments for an article.
 

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