Alot can happen to someone in a year. Don't think I'd wait that long. But first thing I'd do is not tell anyone, get a lawyer and an accountant, and take a holiday.
@s.n.rbeats1892
2 жыл бұрын
I give my self a thirty day..rest period before I spend then game is on..lol
@dannukesem
8 жыл бұрын
I think the concept of his advice is spot on. The idea of waiting is it gives you time to make good decisions and not just emotional ones that you are likely to make at the start. Most lottery winners are broke in a few years and this is what he is trying to avoid.
@TheSavedOne21
6 жыл бұрын
I believe that his advice would be good for someone who is already financially secure. However if you are broke as a joke then you shouldn't listen to this guy at all. Take the money right away and use it wisely.
@Misswhome2010
5 жыл бұрын
I would pay off all my debt if I chose to not touch the money for this period of time.
@devinbrauer2222
5 жыл бұрын
Yeah this guy's crazy. Be broke win the lottery and not touch it for a year. Nobody is gonna do that. And I'd venture to say this guy has probably never spent a day broke.
@KDB359
5 жыл бұрын
I would do almost exactly what he is saying if I ever won the lottery. 1st I would pay off all debt. The 2nd thing I'd do is take a small percent "just enough to not be financially struggling as much for 6 months or so". For example, if I made $1,000 per pay period, I would make it $1,500. Then proceed to his advice. Sit on it for that 1st 6 months, let it sink in, plan your future and what you are/should spend it on. Vs letting the excitement make you broke in a few years.
@ToniWz
5 жыл бұрын
I’ve done exactly what he said about going a year without spending a dime, and I was pretty broke. I was just way too scared to even make a move.
@KDB359
5 жыл бұрын
@@ToniWz Going from broke to having a substantial amount of money overnight, would be extremely tough to not spend it. Once you start, it will be hard to stop! I would definitely sit on it for a while and plan accordingly, while the excitement wore off and you began to think logically. At the same time, this is easy for me to say not having a bunch of money in my bank to go spend on things I've always wanted. 🤔👍
@battambelly
6 жыл бұрын
I might wait 3-6 months but not a year. I’ll pay off my mortgage and other debt And invest the rest.
@gunasilansukumaran
6 жыл бұрын
battambelly - if I win lottery must I can wait maximum 2 Years . Then I'm Done ✅
@Pimpishone
5 жыл бұрын
What about putting some of the money in an account where it would grow interest and just live off of the interest that your money makes. What type of account is that called is that a trust fund?
@moeblast4652
5 жыл бұрын
Pimpishone savings account
@adamkey1934
5 жыл бұрын
@@Pimpishone interest rates are so low at the moment that you would need an incredible amount to be able to live off of the interest.
@BrooklynsFinest34
3 жыл бұрын
If you inest the rest then you'll go broke. If you're not a savvy investor already, which is extremely difficult go be, then you'll definitely lose it all. This man's advice is spot on.
@EDKsurly
3 жыл бұрын
At first I was thinking, this is BS. But it really is great advice. Except I would take 5-10% of the winning to have fun, then lock the rest of it up in investments.
@albertodavidlicea8292
6 жыл бұрын
Wait one year , really. Your life in this planet can end any moment. Now you got money , enjoy it.
@maxf6247
4 жыл бұрын
Money =/= happiness it’s pretty simple
@rocnnrollbus
7 жыл бұрын
Pay off all debts first. If you win all that money don't wait another minute to pay off all debt. After that, get your head on straight, get your money team (financial advisors, attorneys, etc) together and go from there.
@ONTHEEDGEFRED
Жыл бұрын
I agree, but, if you've got a bank account with over a 100 million dollars in it I would agree to pay off my debt, if you don't have a decent car at least get you a decent car maybe buy a few clothes and stuff and go from there, also with the physical issues I've got going on I'm pretty sure I would quit working so I can start working on them to extend my life.
@Qwalitee
7 жыл бұрын
I think he is saying to wait a year because this is the time it takes to grow the world's biggest middle finger.
@lisarose9091
6 жыл бұрын
Dee Matt LOL
@InCircle
4 жыл бұрын
LOlz
@societynewsnetwork5973
4 жыл бұрын
2019😂😂
@complexity2725
4 жыл бұрын
😂😂😂😂😂
@khandibaugh23
3 жыл бұрын
@Carmine Dingle I don’t have a problem saying no either especially since I wouldn’t tell anyone 😆
@jayb0nd007
8 жыл бұрын
So you are hungry and your telling us not to eat the BBQ chicken in your plate
@BrooklynsFinest34
3 жыл бұрын
No hes talking about not being stupid with your money. He mentioned zero about food. Horrible analogy. Listen to the man & maybe just maybe you stop behaving broke!
@wax105
2 жыл бұрын
I am from England where i work as a journalist until i met Expert Mrs AVA. Mrs AVA is legit and her method works like magic. I keep earning every single week with her new strategy.
@ramlatqatada6800
2 жыл бұрын
WHEN YOU INVEST, YOU'RE BUYING A DAY YOU DON'T HAVE TO WORK..
@muhammadmuktari5550
2 жыл бұрын
You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor.
@muhammadmuktari5550
2 жыл бұрын
@Alabi Oyindamola It's not ignorance but due to some unprofessional broker in the market
@hassanhamidu9725
2 жыл бұрын
Learn and trade under a guide i do the same and i hardly make losses in the market
@hassanhamidu9725
2 жыл бұрын
@John Eneyoho Obviously trading in Bitcoin is very volatile and risky to trade that's the reason most traders trade with a company.
@MaryAllenjj
8 жыл бұрын
I would move out of town into a place where no one knows me. I would get a new car and a new place to live then do nothing. Just a practical car not flashy.
@BreuckelensFinest
7 жыл бұрын
Mary Allen Then contact me and I'll marry you and we can live happily ever after! ;-)
@st.berdoo4828
7 жыл бұрын
Who ever know you can still locate you. Lol.
@noyfbnoyfb8476
7 жыл бұрын
I'm moving to the other hemisphere! I'd still buy a nice home and car but nothing too extravagant, and I have no need to show off. The money would mostly be to buy freedom away from having to have a job.
@BreuckelensFinest
6 жыл бұрын
Amanda Anderson I think you meant to tell the others this bc I never mentioned anything about a car. I was talking about marriage and living happily ever after! But if you must include me in that convo, I have a car since 2015 & I have 8,000 miles on it bc I live in NYC & there no need to drive it to far distances & bc we have the best public transportation in the world. It's pretty much a brand new car! Lmao.
@elflaco6654
8 жыл бұрын
If I won I would get a garage and put book shelves in it w/ books and hire Tia Lopez to read'em to me. LOL
@Penelope416
8 жыл бұрын
"Hey... I'm here in my garage....". Lmao!
@mclome22
6 жыл бұрын
i just bought this new lamborghini here
@BreuckelensFinest
4 жыл бұрын
Never laugh after your joke. Comedy rules 101.
@hothotheat3000
3 жыл бұрын
The advice is solid. This allows you to build a dynasty for your family for generations, instead of blowing it all straightaway. Waiting keeps you from spending on stupid shit that’ll depreciate. Waiting gives you perspective on what is really important and what you need vs what you want. Waiting for a year is extreme. I’d say don’t touch it for at least six months while you do your homework on the housing market, really think about what charities you’d like to donate to, who in your life can be trusted, and what you realistically want the rest of your life to look like. You should take a class on finance and investing so you are armed with information before you start spending. Everyone else spends right away, and everyone else goes broke, gets taken advantage of, and dies. Don’t be everyone else.
@user-uf3wc7hy4l
7 жыл бұрын
If you won 420m+ (after 40% taxes) like the most recent powerball, you could invest 400 of it in US treasury bonds alone at a yield of 1.22% annually which would be roughly 3.2 million/annually in income after capital gains tax. Im not saying to put all your investments in such a low return, but if you can't live on 3.2m a year then you have problems.
@johnlively819
3 жыл бұрын
But when you have inflation like we've had this year you would have lost money by putting your 400 million in treasury bonds.
@ridita5221
8 жыл бұрын
It's a horrible advice. I want to quit my job, that's the reason I'm buying lottery tickets. Certainly I would ask a financial advisor to help me invest my millions, and consider the different scenarios, but I can do it in a month, not in a year. I wouldn't buy cars and expensive mansions, but I would enjoy my money and the freedom of choice.
@themiddlekingdom9121
8 жыл бұрын
You are rights, the first thing I would do after I won a big lottery jackpot is to quit my job, who wants to work after millions of dollars are coming your way. If I am afraid of bankrupt within a few years, then I would take the annuity payments instead of lump sum. However, I am very frugal and careful with my money, I am certainly taken lump sum payment.
@sapper72783
5 жыл бұрын
How could you work every day when everybody knows you won it'll be an uncomfortable situation
@Medea007
5 жыл бұрын
Have you won yet?
@BrooklynsFinest34
3 жыл бұрын
You just gave yourself the worst broke person advice to yourself & hence why you are broke in the first place. This man just gave you the best advice. For some reason people think more money is going to somehow make them magically smarter about money. Your windfall of money required zero discipline & effort & knowledge. A fool & her money shall soon part.
@ALSPEHEIR
6 жыл бұрын
Is just me or this video has "The Office" vibe to it?
@LaRusso
6 жыл бұрын
REKCEP I was waiting for him to rip the face off a first aid dummy and wear it
@luvmysuperduty
5 жыл бұрын
REKCEP If someone would get me a white GT350 that would be great!! 🤣
@s00lin
8 жыл бұрын
This is my strategy: 1. Put 89% of your net winnings or large inheritance into long-term investments 2. Put 10% of the above into short-term investments 3. Reserve 1% of the above to spend on your wants Get yourself a good attorney, preferably with a large, well-known Law firm, hire a Certified Financial Planner and Accountant who will work together with you and who you can trust to look after your interests. Keep your mouth shut! Take time to get all things in order, don't be in a rush to get at the money.
@kdamacc
7 жыл бұрын
SOOLIN S way better advice than this financial planner !
@balogunleanongod7884
7 жыл бұрын
Thanks for the wisdom-of-Solomon's advice. More Grease to your elbows - love your post.
@atlygroup
6 жыл бұрын
Tomorrow is not promised. Don't go buckwild but enjoy blessing. You deserve it.
@karend.bouldin9945
8 жыл бұрын
I totally disagree with this advice! One shouldn't wait a year and hold off after they win the lottery, especially a huge jack pot. I suggest you make financial plans immediately after you WIN. Please seek the advice of a CERTIFIED PUBLIC ACCOUNT, A TAX ATTORNEY and if needed a financial planner to give you clear precise financial planning that will help you save money for the rest of your LIFE. My personal advice to you is: if you INVEST your money wisely, please look into a DIVERSIFIED portfolio. It is wise not to put all your eggs into one basket...
@BreuckelensFinest
7 жыл бұрын
Hence why most people lose all of their Lottery winnings. "INVEST your money wisely, please look into a DIVERSIFIED portfolio" is such a vague statement. I highly suggest that you listen to Mark Cuban on KZitem on what to do if you won the lottery. He basically say's the same thing this guy is saying. Do NOTHING. Get use to the money. Think things through, etc.
@subwaysammy
7 жыл бұрын
KZitem cut your comment short :(
@frankmontez6853
5 жыл бұрын
I heard that you may avoid a LOT of taxes by legally starting a business . First I'd get a tax lawyer , fiduciary and listen to them . Also municipal bonds are tax free with all earnings gained from it . I definitely wouldn't splurge too much but I'd get a car . At my age ( 53 ) I'd just be happy to retire somewhat comfortably at say $60,000 a year . So following this man's advice I'd set aside in MM about $100-150,000 to live comfortably for two years and the rest invest
@southerndandy89
10 жыл бұрын
Dividend paying stocks - Coca Cola for example. Has raised its dividend payment for the past 50 years. 4 million dollars gets you 100,000 shares of coke, at 1.12 dollars per share - 100k+ a year. Not a massive yield sock but steady and dependable.
@holycerberus
10 жыл бұрын
Love the advice. I hope I win so that I could put it to use :)
@namaste6066
3 жыл бұрын
Good luck 🤞
@nikushim6665
3 жыл бұрын
I disagree with the starter statement. One just sitting on it is gonna lose you 5% or more from inflation for that first year. Throwing it in a saving wont change that because savings accounts are generally only 0.5%. First step is to get a accountant lawyer and investment advisor. Then do everything to lower your current costs such as say buying a house if you're renting. Paying off your house if you have a loan etc. Then invest, be it a good wide spread stock portfolio or hard assets such as rental properties. Don't spend cash on anything that cannot make more money for awhile. And absolutely whatever you do don't go full out hookers and blow mode while flexing your wealth, you will go broke.
@bigbootygirls5563
2 жыл бұрын
It’s lottery money , u didn’t work for it .. Take ur time to have a vivid plan
@robertnelsonjr4648
4 жыл бұрын
This gentleman is who I want as my Financial advisor
@KMF3
6 жыл бұрын
I don't know that this is such great advice. Because first of all where are you going to let your money sit for that year? In the bank? Really? And you're just going to continue to go to your job for that year while people know that you've won the lottery that doesn't seem very safe. I'm sure it depends on how much money you win in the lottery if it's a couple million dollars versus hundreds of millions of dollars. I do agree with the advice to not make any large purchases especially in that first year.
@honestyhope260
5 жыл бұрын
Cooling off period, I been cooling for 30 years!!
@battambelly
6 жыл бұрын
Um the first thing you do is make sure you sign your ticket then take pictures of it. Keep it secure in ziplock bag inside a safe. Assemble your team of lawyer, tax advisor, and accountant. Take a close and trusted friend or family member with you to videotape yourself turning it in to the lottery office to collect your winnings. Then pay the taxes. Local Banks only insure up to $250,000. So you got to put the money into another type of financial institution that will grow the money so you can live off the money your winnings make.
@cobeath1
6 жыл бұрын
by signing the ticket, you give up the right to remain anonymous
@Thrashtildeath19
6 жыл бұрын
If i won, i would pay off my student loans, get a car, help my family pay off their student loans, probably buy a house, get a swimming pool installed, build a recording studio in the basement of the house, maybe put some money away into a college fund if i ever have a family of my own and probably go to as many concerts as possible
@PJalst
5 жыл бұрын
I'd take a month vacation to a remote island, away from friends and family. I won't tell anyone where I'm going, I would just tell them that I'm going away. I won't answer any phone calls or emails. I would just relax enjoy the beach and plan my future.
@moisesr7840
3 жыл бұрын
First move i did was pay off my debt and not tell anyone. Max out my 401K, not quit my job the first year and whenever i make financial moves or real estate investing I get professional advice
@PostalReptiles
3 жыл бұрын
I love it all except for waiting a year. No way. Invest like he said and enjoy yourself, help others and the community, but do it all within your new means. My brother asked me if I won the lottery if I'd quit my job same day. I told him no, I would put in my two weeks notice at least. He said I was crazy. "You drive for a living. What if you were killed in an accident in those two weeks and you never got to enjoy your winnings." Normally that might sound like he's being paranoid, but my brother said that to me from his wheelchair with two broken legs and multiple broken ribs after surviving a freak job site accident where he was buried alive inside a collapsed pipe just months ago. Life is short and unexpected and can change in an instint. Be wise and enjoy yourself if you're lucky enough to win the lottery imo
@ONTHEEDGEFRED
Жыл бұрын
I am a truck driver and I'm sorry but quitting work is gonna be one of the 1st things I do. Pay off my debt and try to keep my head screwed on straight beyond that is the best advice I can live by and give somebody.
@poetrhode
8 жыл бұрын
i wonder how many people he has caused to die from jittery impatience??
@BrooklynsFinest34
3 жыл бұрын
Don't blame him for their stupidity. Sounds like you don't like the truth.
@bighum70
10 жыл бұрын
I quit watching after he said "nothing" for a year. I have no idea what this video is all about.
@azarazor
9 жыл бұрын
I think he is talking about people that win just 1million or 2million or less.... That's not a lot of money and you could finish it in a couple of years... But if you won 50millions or more then I think you can do whatever you want. I don't think you would finish it quickly unless you are a maniac.
@princethams6474
9 жыл бұрын
HAHAHA
@irmtg7910
7 жыл бұрын
bighum70 and he also want us to go to work that's crazy What kind of advice is that
@ginoquintana5287
4 жыл бұрын
😂😂😂😂😂
@KG-jw4jg
3 жыл бұрын
It’s actually a good method if u already had a job and could live off your job money for a year but one thing to do is quit ur job and leave the location and let things calm down like just go on a vacation for a year and calm your mind down
@davidwatson3456
7 жыл бұрын
take two year salary off the top, invest in interest bearing, low risk stuff. Let the government pay for everything that you buy. That's called living off the interest!!
@ONTHEEDGEFRED
Жыл бұрын
I believe most of this advice is really solid but I swear I just don't see me continuing to work with the physical issues I've got going on. I would quit work, definitely pay off my debt, begin working on the physical issues I've already mentioned and see where I go from there.
@MercifulLove
10 жыл бұрын
I get what he's saying, but I do feel a year is a bit long to ask someone not to spend millions of dollars. I mean, let's be real. What you could do is meet with all your financial advisors, and lawyers n such before you claim your winnings so that you have a pre set plan in place....but wait a year?....nah
@BrooklynsFinest34
3 жыл бұрын
You nailed it, "spend millions" & hence why you're currently broke. No doubt about it. Typical response from average people.
@vinnie9240
6 жыл бұрын
Wins $13 from lottery, watches this video.
@nalumuesther1109
5 жыл бұрын
I like your advise be blessed
@jacquescarmardo6318
3 жыл бұрын
Lol, I won $4. Watching video…..
@coolshante7093
5 жыл бұрын
From the moment he said "do nothing" I knew he was a real deal
@BrooklynsFinest34
3 жыл бұрын
Agreed
@lindokuhlezwane1060
3 ай бұрын
When this video popped out my clock was showing 13:31, I'm now certain I will win the jackpot. I'm taking all the the lessons and preparing for that day when the big win happens.
@lobintool
5 жыл бұрын
depends on how much was won. if it's in the millions most people could quite happily survive on the intrest alone.
@haatpraat5037
3 жыл бұрын
I would do as this gentleman says and take out 2-3 years of money, then I would just invest the rest in a government bond and let the government pay out until the bond matures. Then on maturity I would get another government bond, adding some of the interest paid to the principal amount of the bond. This way the bond amount will always increase and you can be guaranteed a significant sum every year i.e. perhaps in the range of 100k-200k or more, depending on how much you invest. I don't you know about you, but that guaranteed income each year for me and my kids and their kids and so on is worth more than the hassle and the fights that will inevitably happen if you radically change your lifestyle and buy luxury villas, luxury cars and so on. I can only dream . . . . .
@mickeyP369
3 жыл бұрын
Great advice Kev, but that why you do the lotto to finish the 9 to 5. cannot image having that money and getting up for work on a Monday morning 😎
@JoeSmith-ig1uv
7 жыл бұрын
I think you should be careful with your new found wealth absolutely. However doing nothing isn't wise at all. There are many things to consider like spreading your wealth across multiple financial institutions for insurance purposes. I would advise that your first order of business should be securing your money not investing it. Then once the money was safe and secure and you were safe and sound I would ask you what your goals are beyond that. Advisors are only advisors. We are not all knowing financial guru's and so while I could assist you absolutely it is ultimately up to you to make the decisions. You should consider building a team of advisors in multiple area's, law, accounting, estate planning and so on. No one person can advise you on everything. Trust your gut, use common sense, be nice not a push over and you'll be ok. Lastly have fun, spend time being with the people you love and doing the thing's you love to do. Life is short and time is something money can't buy.
@BrooklynsFinest34
3 жыл бұрын
A fool & his money shall soon part!
@Medea007
5 жыл бұрын
Invest in stocks but you need to learn first and start slow if you don't trade already, you can make 5% on dividends or 50% trading if you're lucky. Choice is yours.
@VeritasSuperarachnid
8 жыл бұрын
How about telling us HOW to go about claiming it.. Everyone can tell you what not to do, but what about DOing? Do we just put it in our local town bank? (I live in a very small town) Do we put it all in the same bank? (FDIC only insures up to 100k?)
@geedubb2005
3 жыл бұрын
When this video was put out 8 years ago, I might’ve agreed, or at least partially. Now in my 60’s and having 5 stents put in in the last few years, I’m not interested. A percentage would go to St. Jude’s & Shriners children’s hospital as well as animal shelters. I quit drinking years ago and I’m not in to girly bars or gold diggin ho’s so good there. I’d also buy every law enforcement officer in my community a new firearm. I like walking around with folding money in my pocket so I’d carry a bit more so I can help others. Good luck folks!
@specialkaye3059
4 жыл бұрын
Great advice. It will HELP those who could really use it...
@frankmontez6853
5 жыл бұрын
But yeah I'd put a few years wages into a rock solid safe place like CDs / money market account and the rest maybe into municipal ( tax free returns ) bonds maybe corporate bands too though I don't think that's tax free
@christarheavenbills1509
9 жыл бұрын
I think his idea was great, but One year is too long to keep money to without using any thing from your millions. Take sometime to think and plan will be great and safe, but you should not take too long to use it. I mean, take some bills from those millions to enjoy and happy with that money, but try your best to use your wisdom and knowledge to spent and invest wisely. Thank you so much for your advise because you remind me something that is very important. Thank you gain.
@pdxeddie1111
8 жыл бұрын
+christal htoo every situation is different if your some broke dude with lots of bills to pay and no job things might be different but the advice is sound basically don't overspend don't lend too much don't give away too much. A large amount of money dropped in someone's lap can really make them do some crazy crap. Nothing wrong with paying bills imo
@Myhopeisinhim
9 жыл бұрын
You want to take time to assemble your financial team before you even claim your lottery win because you don't just want to toss something like 50m into your bank account, because only 100k-250k, depending where you are, will be insured. It isn't quite so simple a life after a win lol
@attorney1100
8 жыл бұрын
People always talk about the same stupidity: "If you put your money in a bank account, You are only insured for 250k". That is true, but what kind of idiot is going to place millions of dollars in the 'F.....BANK THAT NOBODY KNOWS'. If you win the lottery, you put your money in a bank like Chase that traces its history back to the founding of The Manhattan Company by Aaron Burr on September 1, 1799. That is 217 years of experience managing money. Chase will never go bankrupt because JP Morgan-Chase currently has assets of approximately US$2.6 trillion and $50, $100, $200, or even 1 billion dollars is irrelevant for such a giant like chase. Also, a person has to be a complete moron to ignore the signs when a bank is going belly up. Any body with minimum knowledge in finance andt by watching the news, will realized with one year of anticipation when a bank is going down.
@BreuckelensFinest
4 жыл бұрын
@@attorney1100 You sound like you need a massage on a vacation in Jamaica with a happy ending! Calm your tits attorney. You sound so mad and miserable. The world needs you to be happy.
@PaulusdeKenezy
6 жыл бұрын
If you continue your work and do not spend nothing, you just procrastinate the real win - no sense. The best advice for a lottery winner: Use math for every spending and keep high amount of money for your family's future. That is it.
@GaiaRomania329
6 жыл бұрын
I have not met any real life lottery winner that has actually won millions to say this advise is even valid...til I win the jackpot that is...:-) Make me a believer. lol.
@BrooklynsFinest34
3 жыл бұрын
When you used the word spend, I knew you were doomed. A fool & his money shall soon part!
@gummybacon123
4 жыл бұрын
why am i watching these like i’ll ever actually win the lottery lol
@fitstar7541
Жыл бұрын
Thank you Kevin. I will apply this advice.
@YOitzBrandon
9 жыл бұрын
Great advice I really needed help with what to do with all my winnings, I will invest it properly and not fall under that 70 percent (:
@tommypatience4263
3 жыл бұрын
People don’t hate money people just want and like nice things
@nickinspring
8 жыл бұрын
worst advice I've ever heard. Let it sit for a year. Wrong, invest it, you have to at least make enough on it to keep up with inflation; otherwise you are losing value. Get some good advice, a certified financial planner is a good start, but not this guy. That year of letting your money sit in the bank and not be out there earning is costing you 3 to 4% of the value of your money..... making his advice the craziest advice I've ever heard of. Lose money to inflation. EEEEErrrrrrrr!!!!!
@j.armstrongsr.7009
4 жыл бұрын
I think i'm going to wait 2 months before I spend any of this lottery jackpot money. I will make sure this money lasts for many generations to come 💪✌
@maurencegibson
6 жыл бұрын
The best advice ever.....so far.
@justpickysmith2863
10 жыл бұрын
Your Advice is exactly what I have thought of , example : 2 yrs - 5 years .......... 6years - 9 yrs ...........10 years - 15 yrs .......20years - 30 years .......where this money will last along time ........for generations .......that's if I won over $100 million dollars ......Live with in my means , not go out and buy "nonsense " stuff ......
@nalumuesther1109
5 жыл бұрын
Yes am on ur team ur got the future
@sisenor4091
5 жыл бұрын
Annuities!
@ianmichael8367
5 жыл бұрын
First thing to do is immediately pay off all of your debt. Credit cards, car payments, mortgage etc. THEN come up with a financial plan to invest and increase your capital to sustain your living and choice of lifestyle. I guarantee most people who win the lottery are not financially secure prior to their win. Pay off all your debt first, then invest!!!
@MarkUrbanTV
10 жыл бұрын
Great advice
@imchrisse
8 жыл бұрын
terrible advice. what if you are in an accident and god forbid, die then won´t be able to use the money. If you win, spend it a little as you like, on yourself, family and close friends then, invest in some bonds, stocks or something . ... "don´t spend it for a year... " worst advice ever..
@poetrhode
8 жыл бұрын
i couldn't agree with you more. his philosophical advice is rubbish. it looks good on paper... not in reality.
@DredScott2010
8 жыл бұрын
You cant start living like you are gonna die tomorrow just because you won the lottery.
@jf2765
4 жыл бұрын
Smart minded advice
@zaar6721
6 жыл бұрын
So, don’t spend a cent for a year. Wurst edvice ever. What if a car hits you, I would be so bitter if I did not at least treat my self with a vacation. You don’t have to spend everything but at least treat yourself with something, and then make a plan
@wohmt
6 жыл бұрын
Treat yourself to some English and spelling classes. Lol
@reefrunner9
6 жыл бұрын
Small town banks a no no, gotta go to Chi Town or facsimile...Citi, Gldsachs, etc..big Houses can insure funds more than 250k, muni's, AAA Corp Bnds....Ice Cream and Champagne, Top Ten Stocks with some of your assets as well....imo.
@masterciefl2k
8 жыл бұрын
win lottery "do nothing" not even claim prize? is it within 180 days prize has to be claimed? if I do where do I park my money for a year for safe keeping ... more info please!
@tonmas6387
5 жыл бұрын
I will take as.adviser
@eduardotorres6135
5 жыл бұрын
Yeahhhhhh righttttt sirrrr I would quit my job the day I know I won, but not spend it like crazy, 2 years still working ohhhh hell no
@andrews13
3 жыл бұрын
Same way I thought. I would deposit a part for 10 year term too, as fixed deposit rates may go down in coming years
@lostsoul2384
2 жыл бұрын
the fact that he said don’t quit your job lol
@joevisman7490
9 жыл бұрын
Soooo, don't pay off your loans right away to avoid interest rates. Got it.
@Rotimi4
9 жыл бұрын
Joe Visman I have to agree with him. What he basically is saying is have a very solid plan before spending. One year of interest wouldn't kill you. Chances are you will only win lottery once in a lifetime if you do. So it;s one chance to invest your money right.
@deanblack1235
8 жыл бұрын
+Joe Visman If you just won the lottery, the price you pay in interest would be very small and totally worth not overextending yourself right from the get go. Let your emotions cool off, then make planned decisions. Sounds like good advice to me.
@LinkRocks
2 жыл бұрын
I understand the waiting part, it's not bad advice, but a lot of people can't afford to do that. I'd say use the amount you need to pay off debt and live on then wait on the rest. The rest of his advice is fine.
@e.imccool8993
7 жыл бұрын
the purpose of having a lot of money is to spent it
@colincrichlow5497
4 жыл бұрын
Fantastic
@jcs1517
4 жыл бұрын
True, i win €140M this Friday, will go working next Monday for 600/week....
@louolivares
8 жыл бұрын
Do you even finance bro? A dollar today is worth more than a dollar tomorrow, so why the heck wouldn't you do anything for a whole year?
@RealMadrid15UCLs
8 жыл бұрын
ha true
@shannonarmstrong6364
4 жыл бұрын
Thank you so very very much years later 👌🤗🤣🤑🤑🤑
@user-gs9hl9sh8x
6 жыл бұрын
This guy looks like a used car sales man .
@amandabynes5543
5 жыл бұрын
dont see it
@felixniederhauser7799
7 жыл бұрын
This guy must be sponsored by the Banks. Thanks God we dont have to follow his stupid advice and let the Banks get the profits from our money.
@taryn.b
3 жыл бұрын
This guy… I like him. But This advice is entirely too conservative for most people. I could see myself waiting 3 to 6 months before making any major purchases but a year! And still going to work?! Hell naw!
@marquesjohnson2903
3 жыл бұрын
Yep and I say 6 months is enough for me
@bluelake1621
4 жыл бұрын
I would start flipping houses and cars or maybe buy some apartments the rest would go into savings, cd, bonds, gold and silver....im a realtor i wouldnt recommend flipping houses unless u spend a year studying real estate.
@KimmyQueen
10 жыл бұрын
A year? No... three months to six months maybe...
@jacksherman5696
2 жыл бұрын
Buy RealEstate Rent it out. Buy apartment complexes, buy storage units, buy some small single family homes. Depersonalization of the properties helps with taxes. Rents going up will keep up with inflation.
@justpickysmith2863
10 жыл бұрын
Theirs two lottery winners , I would follow their route , would be Mr. Brad Duke and Mr.Butler , these 2 men are doing the right thing with there money . Much planning . Both has a wealthy Management ...
@nudist1033
9 жыл бұрын
Or after you've done what you really need to do (lawyer, financial planner, setting aside enough to pay off all taxes on the amount of the winnings itself), put 95% of the rest into the monthly dividend stock, bond, and fund sector of the stock market and live off the dividends for the rest of your life without ever touching the principal. It's kind of like putting it all into a bank account and living off of the interest alone without taking out any of the money that's in the account) but this is with the stock market (which is tied to all of the banks anyway) without leaving it in one building where other financial institutions aren't tied into it on a global basis.
@serpentarius51
8 жыл бұрын
+nudist1033 I lost a lot on the stock market from insider trading. I fail to see the logic of paying $3,000.00 right up front just to open your account ! Then $50.00 per transaction. No way would I ever trust those thieving bastards with one hundred dollars , let alone millions !
@serpentarius51
8 жыл бұрын
+serpentarius51 Oh...and you have to taxes on the interest you earn as well !
@cloroxbleach6473
8 жыл бұрын
I can not wait for a year! 😜
@flowstate423
6 жыл бұрын
I thought this was a skit from the office
@creepyteachers01
2 жыл бұрын
"don't quit your job" ooouuufff.. that's a hard one!
@brianladyman6426
2 жыл бұрын
What do you say about paying all debts and then let the rest of the money sit?
@boxwoodgreen
5 жыл бұрын
Even in the mid range wins, personal security, and comfort far outweighs the advice given here. Your name is publicized, and your entire set of life contacts will know. All relationships will change instantly. Keep your job? You suddenly have far more cash, and life options anyone at your job site. That's unlikely to work out well. Assume you will have to move to a new region, and a new life the day you cash the ticket.
@wisestudent1463
10 жыл бұрын
If he is so financial smart....Why isn't he rich ???
@2011blueman
10 жыл бұрын
Because his advice is ultra conservative. People that get rich on their own do so by taking lots of risks.
@beverlycanter7354
7 жыл бұрын
Prime country
@gregfuzi1069
3 жыл бұрын
I got some advice don't trust your lawyer. Any lawyer!
@TheThearchangel90650
2 жыл бұрын
Sounds good
@yantimohhan5200
Жыл бұрын
The first time I do is I will cook a lot of seafood, buy a lot of durian fruit and after that I will think what I'm gonna do with the money 😁
@joellamm1
11 жыл бұрын
Thank you for your advises
@astronau7_lone574
3 жыл бұрын
I'll help you, get the installments instead of the lump sum. Less tax that way
@danromero
3 жыл бұрын
I could understand not going crazy, I’m not spending a lot but you better believe I’m quitting my job.
@AnnaLVajda
4 жыл бұрын
Well Do nothing seems unreasonable if you have bills to pay and such. I don't think my life would change dramatically overnight but the security of not being worried about where you will get your next meal or if you can afford to pay rent etc. Does he only give advice for well to do people?
@paperchased86
10 жыл бұрын
makes a lot of sense, hope i have patience when the time comes!
@garyjohnson7626
4 жыл бұрын
Am going give you a short answer you Not going sit on Millions for a year without spending some of it
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