What advice would you give to someone who has won a lot of money?

spend wisely and turn your phone off!!


a person near me once won about 2.5 mil after taxes..and about 2 years later filed for bankruptcy.. tWhat advice would you give to someone who has won a lot of money?
* Keep the ticket safe - Roger Sockman(Florida Lottery spokesman) says people do funny things with their tickets, such as keeping it in a baggie in the freezer, in a sock under the mattress or most practical of all, in a safe deposit box.





* Think about current job - A winning ticket is a grand thing, but it doesn't really count until you've got the cash. It'd be best take some time off, without explaining why, if possible. They're going to be very busy becoming a millionaire and they'd probably want to quit. Sockman says most winners do, even though at their original interview about a quarter claim they'll keep working. He explains, ';They can't imagine how much money they've won. It's a life-changing event.';





* Find people they can can trust - The most important financial decision to make initially is who's going to be accountant, financial adviser and lawyer.Referral is the best way and if none of your friends or family can recommend a particular professional, it would be good to go to a major accounting firm, a major brokerage and a large law firm.Ask what they'll do for you.





* Arrange for a special account at the bank - You can't just deposit millions into your plain old checking account. And they don't really give you a paper check with a lot of zeroes. They give you the money by a wire transfer to your pre-arranged special account, says Sockman.





*Last bit of advice -Yep,they should definitely change their phone number because now that they're richer than their wildest dreams, everyone's going to want to reach out and touch them, and that will be a nightmare. So get a new unlisted telephone number ;)What advice would you give to someone who has won a lot of money?
Quit while you're ahead. The odds always favor the house in the long run. You can win gambles in the short run, but in the long run, the house ALWAYS wins.
Buy a Vineyard in California or a Ranch in Texas. Don't put it in a Bank or invest yet, wait until after the deppression.
change your phone number and talk to a financial adviser.
Put it away for school or buy a house just dont spend it all in one place
....Give me some?