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Jun 18, 2010 · If you’re lucky enough to hit the jackpot, or even take home one of the million dollar prizes, the most important thing to do is to not make any decisions right away.
- It's a Game. Rule #1 is the most important one, and it's the one you have to buy into immediately. It's very simple. You may want to fight it, but regardless of what you do, it's a rule.
- Don't Be a Hater of Money. Next, don't be a hater of money. If you hate money, you'll never get money. Why? Because money doesn't like haters. If you constantly say things like, "Money doesn't grow on trees" or "Rich people are this or that," money responds by saying, "You're right!"
- It's a Doubles Game. Number three of the rules of money is that money is a doubles game. Listen, you could stop reading right now, as long as you understand this.
- Seduction. Let me explain to you about seduction. Money likes to be seduced. Money's attracted to seducers. Just like a woman doesn't like a desperate man, money doesn't like desperate people.
The two things you need to keep in mind are risk tolerance, and horizon. Your risk tolerance depends on your age. If you're 65, your risk tolerance is lower than if you're 22. Horizon has to do with time. Time horizon could be, "I want to have a million dollars 10 years from now."
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- Use a high-interest savings account
 While you have a year to claim your winnings, it could still take a while to sort out what to do with that money.
- Invest in dividend-paying stocks. 
Imagine if that lottery win could last generations. It really can, if you invest wisely. Consider putting your money into dividend-paying businesses.
- Buy your dream house in cash
 If you win the lottery, there's no way you won't upgrade your living conditions. Don't go crazy, of course -- think twice before buying a $20 million abode -- but if you want to spend a couple million on a new place, then go for it.
- Set up a donor-advised fund. Rather than simply cutting some cheques to your favourite charities, go to your bank and set up a donor-advised fund. You'll still be able to donate that money to whomever you want, but the financial institution will grow your dough in the markets so that you'll always have cash to give to people in need.
Mar 20, 2024 · Wondering what to do with 50 million dollars? You should basically do two things: Have fun with your dollars (go on trips, donate some money, buy some cool stuff). Invest your money so you can live from the interest. Related: What Is the Interest on 10 Million Dollars? (Is It Necessary?)
- Founder-Life And My Finances
Mar 13, 2024 · Advertiser disclosure. 5 Ways to Spend a Billion-Dollar Lottery Jackpot. TL;DR: Don’t do any of these things, at least not without first having a heart-to-heart with a financial advisor. By Rick...
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An interactive game that lets you spend Bill Gates' money. What would you do with 100 billion dollars?
