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Author: Subject: PowerBall Jackpot now over $700 million(some tips if you win)
JrHagler
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[*] posted on 8.23.2017 at 12:59 AM
PowerBall Jackpot now over $700 million(some tips if you win)


The Powerball jackpot has reached $700 million.

That makes it the second-largest lottery jackpot in US history. The largest was $1.6 billion in January 2016.

Back then, Business Insider reached out to the billionaire Mark Cuban to ask about his tips for lottery winners.

He shared the advice he gave his local paper, The Dallas Morning News. While he was talking specifically about the multibillion-dollar jackpot at the time, it's not a stretch to imagine his advice still applies.

Here's what he told The Dallas Morning News:

_Hire a tax attorney first.
_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 millionaire".
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JrHagler
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[*] posted on 8.27.2017 at 02:26 PM
Hospital worker wins lottery


Mavis Wanczyk, from Chicopee, Mass. won the powerball lottery....

That's one big WOOP!.....She wanted her 15 minutes of fame and got it, big time!.....the thing is, she could have taken a couple of months to prepare for this, but didn't.

According to several news articles she already made one BIG mistake and that was to show her face on television within 24 hours after winning.

_She no longer works at the hospital.
_Quite a few people (strangers) are knocking on neighbors doors trying to find out where she live.
_The media is park outside her door.
_It gotten so bad that the local police department now parks a car with a couple of cops in her driveway.
_I can imagine her cell phone is on BLAST right now from the texts, e-mails, and phone calls.
_And her snail mail box is full of well wishers and beggars for her money.

She took a lump sum of 480 million dollars.....after taxes that leaves her $336 million.

Hopefully, she took the lottery check and deposited in her bank account. And put it in a CD, certificate of deposit and get 1.4 percent annually.

That's $336,000,000 times 0.014 percent is equal to $4,704,000 per year

Now if she's have any sense....she'll just live off the interest.

and move to a new location, like out of state for a few years before returning.....and hire a tax attorney.
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JrHagler
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[*] posted on 9.4.2017 at 05:45 PM
Just to satisfy my curiousity


Goldman-Sacs.....the famous Wall Street Bank is offering a CD, certificate of deposit, for 2.40 percent annually for 5 years.



That is 0.024 times $336,000,000 is $8,064,000 for the first year.

Your interest payment is $8 million:wow::wow::wow:

live off the interest baby:tu:
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[*] posted on 9.6.2017 at 07:34 PM


And when the banks fail....:faint:
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JrHagler
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[*] posted on 10.11.2017 at 11:27 AM


And when the banks fail....:faint:


NO WORRIES! A certificate of deposit from a commercial bank has the backing of FDIC. (federal deposit Insurance corporation)

meaning, the principle, the 336 million will be returned to the depositor. The tax payer is paying the bill.:ummm:
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