I learned more about finance in these 4 minutes than I did in 4 years of college.
@largol33t1
3 жыл бұрын
Colleges are a leftist joke these days.
@funjoy9059
3 жыл бұрын
If you spent 4 years in college, and didn't know how to diversify your portfolio then you chose the wrong college
@subhadipghosh_02
3 жыл бұрын
1.6 billion winner get only 44 million??
@johnscott7018
3 жыл бұрын
@@funjoy9059 you must've not heard kevin talking about diversifying
@rpap5322
3 жыл бұрын
And this knowledge did not cost you a dime....
@steveent5319
5 жыл бұрын
Haha, I'd just keep calling the bank to hear my balance
@SidewayzX14
5 жыл бұрын
And freak the fuck out if it said you had 100 bucks remaining hahaha
@gabriellariffas-williams4542
5 жыл бұрын
@@SidewayzX14 😄😄😄
@MsLacy707
4 жыл бұрын
☺️
@debrawilliams7983
4 жыл бұрын
Steve Ent I look at my balance like that too. I worked my butt off for it!
@kunmwas9437
3 жыл бұрын
🤣🤣😂😂😂🤣🤣🤣😂😂😂
@JasielArredondo
8 жыл бұрын
Watching this like if we're going to win. A man can dream
@dylleff
6 жыл бұрын
Jasiel Arredondo anything is possible.
@AnnaLexi
5 жыл бұрын
*Lol right!! Watching this now!! Haha*
@tmp197
5 жыл бұрын
it's happening again
@tobalaz
5 жыл бұрын
Sometimes a dream is all that you have to keep going through rough times.
@daniellamoreno3616
5 жыл бұрын
Lol same.
@diamondparadise9178
5 жыл бұрын
I didn’t even buy one ticket and I’m watching this for the advice
@briannab5296
4 жыл бұрын
Thats smart of you. So many lottery winners lose it all quickly because they hope to win but they dont prepare for it ahead of time. Learn all you can, write it all down, decide NOW how you will manage the $ BEFORE you win & receive it. Knowledge, and preparation, is power.
@deniseadutwum3511
3 жыл бұрын
I'm not even in america yet and i'm already listening to his advice and planning my future even though i'm 36yrs Cos as soon as i get to america i'm playing
@ajledbetter2197
2 жыл бұрын
You must be wealthy already.🤔💰
@miracleshappenseveryday7802
2 жыл бұрын
🤣
@Msfili
Жыл бұрын
Me too lol
@FamBAMiLee
6 жыл бұрын
That's the nicest thing I'll ever hear Kevin say. Give to family once and never again! Wow, I'm shocked!
@debrawilliams7983
4 жыл бұрын
FambamiLee I agree. You don't have to be the new family ATM!
@hothotheat3000
3 жыл бұрын
Once will never be enough. They’ll keep coming back for more once they’ve blown through what you give them. Your best bet is to do your best to conceal that you won, give off no outward appearance that your financial situation has changed, and don’t give anyone a dime. If someone thinks that you’re doing well and start asking, say NO. If they ask for an explanation why, say that no is a complete sentence.
@markjacob9590
3 жыл бұрын
Id give family each enough to live comfortable and stress free. Id tell them this is all your ever getting so sign this so its all on you if you go broke you can never ask me for another dime again..id even video record it for each one..😳
@sittingindetroit9204
3 жыл бұрын
I had a friend that used to give friends and family money if he truly believed they needed it. He would in his mind call it a gift but would tell the person it was a interest free loan. He also told them to never ask again unless they paid off the first one.
@teriyaki_chicken
Жыл бұрын
this is solid
@biggalaxy9102
7 ай бұрын
Smart!
@lisawoods2692
3 жыл бұрын
I am winning the Mega and Power ball jackpot lottery. I agree with both of you.
@NaomiAnae
Жыл бұрын
Same
@one007guy
Жыл бұрын
Kevin is super smart on this! Live off the interest, give to charities, and invest wisely!
@swingger9674
Жыл бұрын
Yea he is really smart, he thought a crypto pyramid scheme was a good investment. 😂
@joehiatt1992
Жыл бұрын
Charities go on vacations
@ChochiT0-ddd7fd
9 ай бұрын
I would not give money to charity, unless I made money in that move somehow.
@astropioneer3296
4 ай бұрын
Never touching your principal is sound advice. Wish I had done that!
@williamgarcia9858
15 күн бұрын
Charities spend most donated money on 'admin' fees only a small % gets to the people it was meant to help.
@KeithsTVHD1
4 жыл бұрын
I'd rather have the problems of a rich person than the problems that I have now.
@deniseadutwum3511
3 жыл бұрын
Me too
@victorjonathanl.siguantay2627
3 жыл бұрын
😭
@ededdneddy988
3 жыл бұрын
You can say that again bruv.
@djlumi1969
3 жыл бұрын
You don’t know what it’d feel like tho
@HaulingAsh
3 жыл бұрын
work hard most rich people start out poor.
@chipblock2854
4 жыл бұрын
When I won 25 million I took some if their advice like learning to say no in many different ways, but being 64 years old and after working hard all my life I did for the first year enjoy many things like trips. Now I have settled down. If I was younger I would invest a lot differently. As it is, I want something for later but I want a more comfortable life now. So each to his own!
@ronibajralia7008
2 жыл бұрын
I wish i had a little bit of that so i can invest in my company
@shandajburchstewart4291
Жыл бұрын
Congrats to you as well when you did won. Be happy it's a blessing. I just want to know how it feels with $ period. Looking at every one's comment and wishing for a miracle
@ray_x6959
Жыл бұрын
@@shandajburchstewart4291 its not a miracle and anyone can win the lottery its actually very easy
@shandajburchstewart4291
Жыл бұрын
@@ray_x6959 well lm a 54 year disabled woman who right now sitting in the dark with lit candles. Husband in the hospital, my step son is here with me wondering where our next meal will come, but he is worried about me and my health conditions and l worry about him . I have put aside of my pain. To make sure he is good. If l had money l would play lottery. I have in the past. But right now since l don't get paid until the end of July. My lottery win is my step children being here in the dark with me when he has a choice to spend with friends or his biological mother. God help us 🙏 😫. Cause the stress is 😭🤯🤮 And it's 96 degrees here in Atlanta Ga. With no AC and with no help from family, ones that say they are friends. Waiting on Rental assistance to kick in because of high volume application process
@ray_x6959
Жыл бұрын
@@mrjezus642 you came to the right Perosn its like the universe put me to help you
@milvache
6 жыл бұрын
Kevin O'Leary gives good advice
@Fa_Q2483
4 жыл бұрын
He's absolutely correct !!!....Don't spend a dime until after the second windfall of your investment but of course that's the hardest part of it all for most people !
@docholiday6421
4 жыл бұрын
Yeah give it to him .greedy fool 👹👹
@DynamicGracer
4 жыл бұрын
So don't put it into stocks, real estate, gold, silver, foreign currencies, foreign stocks, oil, food, land, etc... Put it all into the U.S. Dollar. Nothing back can happen that way. The advice they are giving is FREE advice for a reason. They are trolling here, obviously, and that is some of the worst advice I have ever heard for something like this. The dollar will be worthless in 30 years by the way, and that is a guarantee by every politician and banker ever interviewed, it's backed by nothing and the government can print more of it whenever they want. People who trust the government with money haven't studied history at all.
@DynamicGracer
4 жыл бұрын
@@imanonattorneyspokesperson5568 Lol I am sorry if that was the message you got from my comment All I meant was that their advice was terrible, and for obvious reasons that people don't obviously get Was your idea to put it all into U.S. bonds?
@Big-Government-Is-The-Problem
4 жыл бұрын
@@DynamicGracer it could be a good idea to put some into bonds but there certainly needs to be more diversification. i invest into index funds that track the Nasdaq and S&P 500, so the only way to lose everything would be total economic collapse which is unlikely. i also invest in real estate and its the safest investment imo. land will always have value even if the stock market completely collapsed. the good advice from him was to live off the interest. the interest from that, even if put into a high yield savings account would be more money annually than most people make in a lifetime.
@davidhill2020
2 жыл бұрын
If you normally budget $10 a week into the lottery, here's what you do: Take an envelope and every week, put that money in it. At the end of the year, open the envelope. Congratulations, you just won over $500!
@nello8630
2 жыл бұрын
sound advice, now you can invest that $500 in a Roth IRA in a dividend stock and let the dividend reinvest automatically, but keep adding the $10.
@ericburns5359
4 жыл бұрын
If I ever won the first thing to do is lawyer up (don't speak to anyone including your spouse) and create a Trust/LLC (I prefer the trust). Talk to a financial advisor and account to get your taxes, debts, and other accounts in order. Then maintain control of that trust with a lawyer, accountant, and financial advisor close by to advise you and keep you out of tax and civil trouble. Stay low key and don't change your normal habits unless you're going to move far away from other people. The less everyone knows the safer you and your family will be if you win such a huge prize.
@dmgo
Жыл бұрын
You seem like a smart man :)
@vxy357
Жыл бұрын
Eric burns Why should you hire a lawyer?
@jaketyler7088
4 жыл бұрын
3:39 that accountant idea is pretty smart
@user-pw4mi8fz4c
4 ай бұрын
Yeah if your weak that's a smart way to go because you can't fix every problem with your money especially if you want generational wealth for your family. Sadly at 30 years old I have been shown the bad side of good people because of a $ and I have no problem saying no lol
@will111466
4 жыл бұрын
Never put that much money in a checking ACCOUNT! That's nutts!
@es5398
4 жыл бұрын
Why? Can you explain?
@tayloremriectx
3 жыл бұрын
E S most banks only insure up to $250,000. That’s why it’s important to diversity your funds. Bonds, multiple bank accounts, retirement savings accounts, investments. That money could be making you more money somewhere else. Yes, it will earn you interest, but it could be making you more money than you would be earning from interest alone. DIVERSITY YOUR FUNDS.
@Elizabeth-uj8vn
3 жыл бұрын
She said long enough to just breath.. then make decisions
@msjay025
3 жыл бұрын
You need time even if your going to diversify, making hasty decisions will bring a lot of problems, I am with Barbara, in a checking account you go until I know what I am doing.
@icon280
3 жыл бұрын
Where are you going to put it? Under your mattress?
@AlvaSudden
3 жыл бұрын
The woman is right: put it in the bank. The man is also right about CONSERVATIVE investments like government bonds and triple-A bonds, but "4% a month" is wrong. He meant 4% per year. There is no 4% a month in bonds.
@Mini_logo
Жыл бұрын
Very true
@hortonsstuff6948
Жыл бұрын
Invest in AAA companies
@411sponge72
Жыл бұрын
Thank you! I was thinking the same thing! 4% a month lol
@richardlug6139
Жыл бұрын
@@411sponge72 He misspoke I think he was referring to the amount of money the winner would get per month with 4%/ year interest. He said he would get $ 600,000 a month. Which is still wrong though, as before taxes a person would get $1.3 million in interest/ month.
@411sponge72
Жыл бұрын
@@richardlug6139 I agree
@bishop5400
3 жыл бұрын
Actually I agree with her she never said she spent a whole bunch,she said she put it in the bank and waited which is a really good advice , to WAIT.
@MrShuntking
3 жыл бұрын
I would simple lie. Since the first rule of winning the lotto is keep your mouth shut until the money is in the bank. I would just lie. I'd even go so far as to put it out there that I need financial help. Example my car broke down and I have a 5k repair bill I can't afford right now can anyone help. To see which family or friends step up to help...even if simply offering $40 to help. Those would be the family and friends that would magically see things like their mortgage vanish. The rest could pound sand. And I'd be petty about it and start all replies with. Remember when I asked for help where were you?
@1daniellaz
3 жыл бұрын
I would do exactly the same honestly! Amen!
@deadfarang
2 жыл бұрын
I like your way of thinking 🤔
@AlvaSudden
2 жыл бұрын
Very smart. I would ride the bus and pick up pennies. Wear Goodwill. No one needs to know. I would continue even after it was in the bank and never tell them.
@scottkremers9305
3 жыл бұрын
*And here I am putting water in an empty shampoo bottle to try to make it last longer.* ...
@factsoverfeelings421
3 жыл бұрын
That may be, but you’re handsome and talented. You’re a lucky guy.
@markjacob9590
3 жыл бұрын
We have all done that
@lorrainefisher7361
3 жыл бұрын
😅
@charlespetersoniii2066
3 жыл бұрын
damn...
@dorothydalba7495
3 жыл бұрын
I’ll do that even when I win the lottery. 😊
@greenmidas981
3 жыл бұрын
Giving someone money won’t change their life. Maybe temporarily but you are who you are regardless. This is why alota people who get large money end up broke again because they’re broke in mindset and money won’t change that. So when anyone asks me for money I say “bring me a proper business proposal that I can believe in, and I’ll fund it and you can pay me back later with no interest.” Giving someone quick money who doesn’t know what to do with it they’ll just blow it and likely end up worse off than they were before the money... so the best thing you can do is use the money as motivation to force them to better themselves by telling them I’m giving you an opportunity people would kill for, an interest free biz loan.... if you’re not happy with that, then you’re not ready for the money anyway, and the money would probably hurt you more than it would help
@dalbriggss
4 жыл бұрын
Kevin’s advice on telling family ...I am giving you this one gift, and don’t ask me again is very good advice. If you don’t do this you risk ruining your relationship with them.
@jamesh8862
4 жыл бұрын
It's still going to ruin the relationship regardless. Most will be grateful (entitled ones will be expecting a larger sum) but when the money gets spent, some of those attitudes will shift to jealousy &/or expectation. You give them x amount & they use it to pay off their mortgage/buy new cars/pay for their kid's education or whatever. What happens when their next kid is about to start college/uni, or their 'new' car is a few years old or they get hit with an unexpected expense etc, etc....you will be 'expected' to step up to the plate to help them out once again in their hour of need. If you don't, then ill-will, anger, jealousy, resentment is the name of the game.
@ededdneddy988
3 жыл бұрын
Personally I would only tell my parents and give them a small cut. I would never tell my siblings, I love them but they would be a pain in the ass to deal with
@ayokunleonayemi5323
3 жыл бұрын
What do you gain by making your win public? You gain everything by staying anonymous and everybody around you is happy and safe. Anonymity is a crucial key to a peaceful living post jackpot win!!
@nello8630
2 жыл бұрын
Especially in the age of social media, even if you don't win anything.
@Greatboldness
Жыл бұрын
@@ayokunleonayemi5323 What's sad is apparently only a handfull of states allow anonymity. Others, by law, must publicize the full name of the winner and the location the ticket was purchased. I guess that's why I've seen winners in photos wearing masks. And the next piece of advice was to claim slowly and remove social media profiles. All good advice to fly under the radar.
@ZiggyLu-og3zp
4 жыл бұрын
Don’t tell anyone and don’t give money to family because they will turn around and hire a lawyer with that money and sue you.
@zandyman1
3 жыл бұрын
sue you for what?
@lesliehernandez3519
2 жыл бұрын
@@zandyman1 They'll claim that due to you winning the bad guys are after them and that they need the money to move to an Island 🏝️ 🤣
@michaelargenta3856
Жыл бұрын
@@zandyman1 anything
@Norg1
Жыл бұрын
yall must hate yall family lol first thing im doing is buying my mom and sister there dream house and the phat diamond ring i always wanted to give my mom
@batteryincorporated
4 жыл бұрын
Somebody needs to turn down the studiolights on Barbara's side...
@ceehawkins5041
3 жыл бұрын
Right, they got Barbara looking like she processing data.. Lol
@SA-xf1eb
3 жыл бұрын
Some the best advice I've ever heard.
@karellt2355
4 жыл бұрын
I LOVE Barbara. Down 2 earth yet SMART!!
@dagestanifive
3 жыл бұрын
I'm still waiting to use this advice.
@tealvampyre
3 жыл бұрын
If I look at my account receipt and its above zero, I'm happy. I can't see winning millions, but it would give me peace of mind knowing my kids will be taken care of.
@jgallaway
3 жыл бұрын
And spoiled
@ray_x6959
Жыл бұрын
if you cant see your self winning then you probably aren't going to and even if this a year later i bet you haven't won it
@ray_x6959
Жыл бұрын
you got to see your self winning the lottery
@user-py8xw5bk1s
6 жыл бұрын
Great advice from both
@rodneyroque4129
3 жыл бұрын
I’d use the winnings to pay off my student loans...use whatever’s left to buy a cheeseburger
@person7255
3 жыл бұрын
what a cheap cheeseburger
@rockrocktheragnorok9184
7 жыл бұрын
0:57 Barbara stop flirting with me!!!!
@Forbidden_0ne
6 жыл бұрын
Lol
@user-yc7jr7of9y
6 жыл бұрын
Hahahaha
@epicdragon023
6 жыл бұрын
rockrock theragnorok I
@fsggames2022
6 жыл бұрын
That's what happens if you count every bills of your Millions
@Bumblebee50005
5 жыл бұрын
LOL
@karenkertley4024
3 жыл бұрын
Good advise from both of them.
@Sunset309
6 жыл бұрын
The first few seconds tell the story..... Good morning is a must
@r.b.somers2052
2 жыл бұрын
Great advice. Thanks!
@10ashagirl
6 жыл бұрын
Excellent advice!!!
@erica2002us
2 жыл бұрын
Kevin O’Leary is hired as my financial advisor!!
@Imhim247
Жыл бұрын
Me too lol
@MsClaudiaDuran
3 жыл бұрын
Step 1: Keep your mouth shut. Step 2: Retain council. Step 3: Establish a trust.
@ramiroperez2461
2 жыл бұрын
Yes!
@jameseaton28
3 жыл бұрын
Superb advice from Kevin O'Leary..
@divinejustice8750
3 жыл бұрын
Great advice!
@caroleastmond9064
Жыл бұрын
They are wonderful!! Shark Tank, is a wonderful show, they always give great advice, they all are just wonderful!!!❤️🎉🎉🎉🎉🎉
@danielrebecca9049
5 жыл бұрын
What are triple A credits
@paulbrungardt9823
Жыл бұрын
A long term patient of mine had a multi million dollar windfall from an investment...He still goes deer hunting, sleeps in a tent, lives in the same house. He is funding a charity for blind children in Central America. I asked him why and he said: " Because it makes me happy."
@TxscratchoffWinner
3 жыл бұрын
Love a video like this!
@terrysarjoo4642
4 жыл бұрын
Barbara represents real estate, a good hint.
@g-bgcg
4 жыл бұрын
NEVER EVER loan money to family or soon you will be their ATM. You will regret it forever. As the ole saying goes,...”No good deed goes un punished”. Of course there are exceptions to this rule. But, if you must give family money, consider it a gift with no expectations of repayment. It will save the relationship.
@kanykabeya6856
7 жыл бұрын
I would move change my phone number
@battle-techs
4 жыл бұрын
Great advice!!!!
@jerushadowdy7094
Жыл бұрын
Barbra advise on family asking for money was very wise!
@debrawilliams7983
3 жыл бұрын
I would secure my future first before giving money to family members and yes. I would tell them this is a one time gift. I refuse to be everyone's ATM all of a sudden. Put the mask on yourself first just like you should in an airplane.
@Jux1401
2 жыл бұрын
They say money cant buy happiness but id rather be miserable in my own house then my moms basement.
@kanykabeya6856
7 жыл бұрын
I totally agree with kevin more but Barbra is correct as well
@DynamicGracer
4 жыл бұрын
So don't put it into stocks, real estate, gold, silver, foreign currencies, foreign stocks, oil, food, land, etc... Put it all into the U.S. Dollar. Nothing back can happen that way. The advice they are giving is FREE advice for a reason. They are trolling here, obviously, and that is some of the worst advice I have ever heard for something like this. The dollar will be worthless in 30 years by the way, and that is a guarantee by every politician and banker ever interviewed, it's backed by nothing and the government can print more of it whenever they want. People who trust the government with money haven't studied history at all. Here is some BETTER ADVICE. Pray to JESUS CHRIST
@chiragpatel849
2 жыл бұрын
@@DynamicGracer exactly smartest thing you can do is invest it in equities, bitcoin, real estate, and commodities
@GtBeatz508
5 жыл бұрын
Funny how it was 1.6 billion 2 years ago now look its 1.6 billion now....feels like deja vu
@Joshua79C
5 жыл бұрын
Powerball (1.586 billion) is still more than Mega Millions (1.537 billion) despite both were advertised at 1.6B.
@robertwilliams5618
5 жыл бұрын
@@Joshua79C and once you take lump sum and taxes out they're both under 500
@nicolephillips4157
2 жыл бұрын
@@robertwilliams5618 well 500mi is better then nothing
@jojox6145
Жыл бұрын
Best news I’ve watched in a while
@Phenomenal8448
4 жыл бұрын
My key is to STAY ANONYMOUS!!! Then I’d hire a lottery lawyer to cash my ticket and draw up non disclosure agreements and contracts for my family In those contracts it discloses what each household will get. No one can break contracts otherwise it will expose them to go to court for breach I’m all set
@debrawilliams7983
4 жыл бұрын
Alisha Francis I wouldn't let no lawyer cash my ticket. However, I would have agreements drawn up for Family members to not tell anyone else about the gift and don't quit your jobs. I am not your new ATM
@uniquetq4716
4 жыл бұрын
Some states you can’t remain anonymous. You have to publicly release your identity
@twincitydezray
4 жыл бұрын
@@uniquetq4716 Texas where I'm at you can in some cases
@sabrinawhite7185
2 жыл бұрын
@@uniquetq4716 wear a mask and no one will see your face when you get to the lottery office.
@nunyabizz7345
Жыл бұрын
Thank you Kevin and Barbara
@benjiarehart2878
4 жыл бұрын
First thing I'd do is hire Kevin O'Leary.
@tonypezzo
5 жыл бұрын
Hey, thanks for having me, I’m Barbara and for that reason I’m out.
@hasriosnmohajssad665
3 жыл бұрын
SSD Chemical Solution Activation Mercury Whatsapp: +8801756140888 Our offices at Bangladesh,Dubai,India,Whatsapp: +919460172542 Pakistan Office World Wide
@hasriosnmohajssad665
3 жыл бұрын
SSD Chemical Solution Activation Mercury Whatsapp: +8801756140888 Our offices at Bangladesh,Dubai,India,Whatsapp: +919460172542 Pakistan Office World Wide
@shanilmaharaj4572
Жыл бұрын
Very wise words thanks for the advice
@jabe1489
Жыл бұрын
Can someone explain what kevin said about investing in 3 or four financial institutions like AAA.
@calbob750
Жыл бұрын
Double check the Kevin O’Leary math. I think he means 4% per year not per month. 4% of 400,000,000 would be 16,000,000 per year.
@jimstein3083
4 жыл бұрын
I would disappear like a fart in the wind. People would say what happened to Jim?
@hothotheat3000
3 жыл бұрын
Problem with that is that concerned friends and family who genuinely mean well will try to find you to make sure you’re okay. You can move away without telling people exactly why. Say you got a fantastic job opportunity in (insert state or country) and you’re going to take it. Telling people nothing and ghosting on them isn’t normal behavior, it raises red flags, and people who care will worry and investigate.
@Elizabeth-uj8vn
3 жыл бұрын
😂😂
@darienbrewer8317
Жыл бұрын
Thanks for this advice! Although I will never win, if I manage to come into a lot of money from business ventures; I will definitely do this!
@toddinthemiddle
9 ай бұрын
look into CDAR banking. up to $50M in deposits is FDIC insured.
@cagonzal13
5 жыл бұрын
Kevin is a smart guy
@JoseMendoza-qd5po
7 жыл бұрын
barbra is awsome but she was tweaking 😂😂
@johnsonrasmussen6162
3 жыл бұрын
This was great, been searching for "lotto systems that work" for a while now, and I think this has helped. Ever heard of this site *4 W i n L o t t e r y . C o m* Ive heard some extraordinary things about it and my mate got cool results with it.
@ronnieking3848
3 жыл бұрын
She actually looked like she may have suffered a stroke at some point. They can be so small that you hardly notice until someone else points it out.
@shandajburchstewart4291
Жыл бұрын
Yep she was but it may be the face lift is having complications..wtf
@riverjordan2725
Жыл бұрын
I noticed she looked off too, but I thought she may have had the lights shining to brightly in her eyes or something.
@yepme6484
4 жыл бұрын
If you put 250,000 in different banks like Bank of America KeyBank Citibank is that FDIC secure. I would put 250,000 in each secure bank name.
@Native722
Жыл бұрын
I like Kevins advice
@salehmohamedal-olofi196
17 күн бұрын
Good advice. Many thanks.
@ma190
2 жыл бұрын
@2:11 he meant 4% a year, not a month.
@MuzixMaker
2 жыл бұрын
Yep
@B-H76
6 жыл бұрын
People just don't realize that taking the annuity is investing in gov't bonds. Remember what he said, you take the lump sum you get 800 M then your left with 400 M after taxes. When you take the annuity, state lottery commission takes the 800 million and buys bonds, and you actually receive the advertised jackpot in gross, the 1.6 B over 25 years.You still have to pay taxes which which will probably take you back down to the 800 M to 1 billion range. But you don't have to take any investment risk or set all that stuff up yourself. AND the annuity protect yourself from the surprises of the world like 1987, 2001, or 2008 (crashes). AND it protects yourself from yourself and others. You can only spend, lose, or give away so much in one year. AND then you have the fall back of being able to re-up the next after maybe a bad year
@versaceking6135
6 жыл бұрын
Benjamin Hatchett, well said mate.
@SillyGoose2024
6 жыл бұрын
People just don't realize that taking the annuity is investing in gov't bonds. Remember what he said, you take the lump sum you get 800 M then your left with 400 M after taxes. When you take the annuity, state lottery commission takes the 800 million and buys bonds, and you actually receive the advertised jackpot in gross, the 1.6 B over 25 years.You still have to pay taxes which which will probably take you back down to the 800 M to 1 billion range. But you don't have to take any investment risk or set all that stuff up yourself. AND the annuity protect yourself from the surprises of the world like 1987, 2001, or 2008 (crashes). AND it protects yourself from yourself and others. You can only spend, lose, or give away so much in one year. AND then you have the fall back of being able to re-up the next after maybe a bad year reply: Taking the annuity (particularly on a jackpot that large) is the stupidest thing you can do. Take the lump sum. that money is NOT guaranteed. You get into a state problem (see the US territory Puerto Rico) where the state goes bankrupt ...guess what they *cant* do? Fullfill their lottery annuity obligations. With more and more states going bankrupt this is a bad idea. i dont know how the multi state lotteries would work like the powerball.
@AIRpursuit
6 жыл бұрын
what will happen in 29 years? no one can predict what will happen in 29 years, who knows if you are still getting your pay checks....never trust anyone but yourself! and how old are you in 29 years? if you win at 30, 29 years later you'll be on your way to the grave and still broke if you don't save.....and for the sake of humanity....stop thinking of saving, sit back or waiting to get your paycheck.... do something with the money....spend it all if you don't care or if you do care, learn how to make money so you can take to 400 mil and turn it into 800mil in 10 years and be a billionaire.
@LuisJimenez-yn5rk
6 жыл бұрын
You should change your name from silly goose to imbecil goose!!! Here are 2 things you can learn imbecil:1- Lottery annuities ARE GUARANTEE2- The PR issue was such an isolated case on a free associated territory. So, when was the last time you heard that NY, Florida, Or Texas was bankrupt ? That's never going to happen you know why ? Because if that ever happens it doesn't really matter whether you have the money on bonds, annuities or invested your self, if a U.S. State cannot fulfill its fiduciary obligations then the whole country is shut.... You're welcome!
@LuisJimenez-yn5rk
6 жыл бұрын
I agree 100% with you Benjamin Hatchett. And the best part of the annuity is that is GUARANTEED BY THE U.S. GOVERNMENT.....................................
@bounnongkhoukone8405
4 жыл бұрын
THAT'S 👍 GOOD ADVICE#
@plaguex1
5 жыл бұрын
Invest most in safe investments, a tiny bit in slightly riskier ones, use the dividends of stock investments to play with and also help people without overspending your means so you can continue to help without spending the principle.
@bankspeete1057
4 жыл бұрын
What bonds are netting 4% per month? That seems pretty high
@farshid71
4 жыл бұрын
They can if you have that amount, believe me the bank wants your business when you have over $100 million
@andrewwall9708
4 жыл бұрын
I think he meant to say 4% a year. If you were to receive 4% interest every month you will have an investment that returns 48% in a year. Besides, government bonds only pay every six months.
@bankspeete1057
4 жыл бұрын
@@andrewwall9708 That's what I figured, but no one corrected him so. I felt like I was missing out on a major opportunity. Also if it was a 4% monthly return, you would net more than 48% a year because it compounding every month (assuming you don't spend all the interest every month and you reinvest some)
@andrewwall9708
4 жыл бұрын
@@bankspeete1057Well, do keep in mind bonds pay interest. the returns are not automatically reinvested which means compound interest may not necessary apply. I am not a financial expert so I couldn't give you the exact answer. There is another "advice" given here that I disagree. The woman said she put $44 million in the bank and sat on it because she figured City Bank would never collapse. I would never put that much money in a single bank. I would always be afraid something could happen and I would lose all but 250K. I would instead open an account with the CDARS. They can spread out over $50 million across many banks so your entire money is covered by FDC. They also provide a single statement so you dont have to check each account.
@frankmontez6853
5 жыл бұрын
Hmm there's after lotto website and it calculates your lump sum payout vs your annuity payments after taxes and it says much more than 400 million
@wardatkins1320
Жыл бұрын
I hope I get to use that advice one day
@calvin1786
Жыл бұрын
Why is this on 1 trending and say it has a video length of 46 seconds I'm so confused
@everythinga.p.b.t.bullies450
2 жыл бұрын
Thanks again 888
@khandibaugh23
3 жыл бұрын
I agree with Kevin
@ryantfinchum
5 жыл бұрын
4% per month?! Sign me up!
@kayzeaza
3 жыл бұрын
The sharks have always given some sound advice.
@user-nl2fx2rd1e
8 ай бұрын
How do you know if you won the powerball and how you get your money if u do happen to win
@SunsetDreamms
Жыл бұрын
I'll remember this advice for when I win.
@hotvegas2498
Жыл бұрын
These 2 are so funny but they both gave good advice.
@user-nl2fx2rd1e
8 ай бұрын
How do you know if you have won the power all and how you get your money
@whyjustwhy2168
5 жыл бұрын
Government bonds and triple a credits from corporations....so you can put any amount and earn 4%. Not bad...I think I should sell my house and do this
@bernadettebailey5370
5 жыл бұрын
Big companies will rob you faster than you can blink!
@LifeOdysseyMotivation
5 жыл бұрын
@@bernadettebailey5370 HOW?
@briannab5296
4 жыл бұрын
What on earth are "triple A credits corporations"?
@DynamicGracer
4 жыл бұрын
So don't put it into stocks, real estate, gold, silver, foreign currencies, foreign stocks, oil, food, land, etc... Put it all into the U.S. Dollar. Nothing back can happen that way. The advice they are giving is FREE advice for a reason. They are trolling here, obviously, and that is some of the worst advice I have ever heard for something like this. The dollar will be worthless in 30 years by the way, and that is a guarantee by every politician and banker ever interviewed, it's backed by nothing and the government can print more of it whenever they want. People who trust the government with money haven't studied history at all.
@22espec
4 жыл бұрын
There is nothins sure in this life. The best advice is to divercify, afer paying all your debts, don't rush.
@johnnypruitt2305
5 жыл бұрын
Its your money do what the hell you want to with it
@AiyanaTheStar
2 жыл бұрын
Cant believe this information is free🤯
@wakeup7874
Жыл бұрын
Which Bond to buy??? He didn’t specify: There are five main types of bonds: Treasury, savings, agency, municipal, and corporate. Each type o
@SharlenesJourney
6 жыл бұрын
These comments so funny 😂 Barbara eyes
@tutsecret499
5 жыл бұрын
Move to another country and live like a king.
@lisathompson8540
5 жыл бұрын
Same here 💯💯💯💯💯💯☝☝☝☝
@FJF119
4 жыл бұрын
Renounce US citizenship and live in Monaco ; which has no income tax
@hothotheat3000
3 жыл бұрын
That money will run out fast if you king it up too hard. Move to a cheap country like Thailand and you can absolutely ball out.
@abdicolestudios8899
3 жыл бұрын
@@hothotheat3000 it will never run out if you only spend the interest. Never touch the principle and you can ball out as much as you lkke
@hothotheat3000
3 жыл бұрын
@ABDICOLE true. You can ball out on a fraction of the interest, truthfully. Any remaining interest can be reinvested to grow the principal and compound the interest.
@timoteooo94
10 ай бұрын
On God! Speak to my accountant. They will always say no🤣
@larsahebe2614
Жыл бұрын
What did he mean by 3 AAA credits? How does that work? Please
@AllenHanPR
Жыл бұрын
Had a friend who told me once if you loan a friend, ask what is that friendship is worth. Give them enough that you dont need it back, cause you will lose that friendship if you plan on giving it, expecting it back.
@jethead
3 жыл бұрын
Kevin! Never spend a penny of the principal. Live on the interest.
@TheTraveler2222
8 ай бұрын
Kevin misspoke, it has to be 4% PER YEAR not "a month" because that would be 48% return a year!
@parker9219
5 жыл бұрын
I’ll give 100 dollars if you count how many times Barbara blinked
@HAHA_468
5 жыл бұрын
Skiz YT impossible
@devcrestha
4 жыл бұрын
Skiz YT I want someone Choose SIX Lucky Lottery Numbers From 1-54. 【❓】【❓】【❓】【❓】【❓】【❓】
@ennvee1989
Жыл бұрын
no but seriously I suspet she's on the coco
@thekingsdaughter5510
3 жыл бұрын
I'm blessed💝
@brendaross7955
Жыл бұрын
Good advice
@specialperson3130
5 жыл бұрын
More pls
@deandaley8601
7 жыл бұрын
4% a month? Which AAA rated bonds are yielding that much?
@Rotimi4
7 жыл бұрын
What I thought also, no such bond exists, unless its a junk bond. I think he was just over-exaggerating the figures to make investing the money more attractive. But I agree with him. Never ever spend the principle.
@Harry-xl2oo
7 жыл бұрын
never spend the 400 mil principle so u can take the rest to ur grave?
@zaidchalabi1599
7 жыл бұрын
Dean Daley his ETF yielding 3.2 to 3.5 but he charges 0.05% managment fee 4% is really hard unless you invest in 4-5 stocks that are paying that like att verizon boeing but you cant diversify especially gov bonds are 2-2.5% 3% is realistic
@josephcelestine3656
7 жыл бұрын
I know right! Perhaps he meant Treasury bills not Government Bonds
@dl5fse990
6 жыл бұрын
He stated in another interview about the 1.6BN lottery that he meant to say $166k a month He makes the same mistake of saying $600k, however he corrects himself (it’s a TMZ interview for proof)
Пікірлер: 762