Another insane win!! $ 1B mega million jackpot

[7788bitcoin]

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

That is not how a lottery or a jackpot works, after the taxes they can deposit them in a bank or any other investment if they are smart and usually jackpot winners end up loosing everything as they spend most of their money in gambling and luxury rather than having a smart investment and you can search online for jackpot winners who lost everything and you will get many stories.

[traderethereum]

But at the same time it is so sad, 100 millions should be more than enough for you and several generations of your family even when living in extreme luxury, I do not know why those people do not get a financial adviser to help them, even if you invested in something that only gave 4% per year and you only withdrew 2% that is more than 2 million per year and even more importantly this will mean the money will last until you die and still have a lot of it for your children.

Sometimes, those people are confused to manage their money, especially for the win money, and they tend to buy the things that they do not need exactly.
Maybe they really need a financial adviser to help them manage their money, but maybe they need to learn how to manage their money if they cannot get it.
It will not be hard to do if they want to allocate the money to save money for their children.
That will need more efforts to manage it, but that is worth it for them, as they will not want to see their win money will not last in the short term.

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

I prefer to receive all of the prizes at one-time because I do not know if the casino will still operate or close in the near.
If I can get all of the money, I can use it for something that can benefit me, and I am sure that money can cover all of my bills for some years.
I will try to take care of the money and trying to enjoy the money with my family and always prevent something that I do not want.
The key to enjoying the winning prize is how we can manage the money for our life, and we can try to allocate that money in the right place.

[boyptc]

Let your money work for you. That's really the best thing to do once you acquired enough amount savings. Yes! it been said it correctly
even it's not from the jackpot, valuing the money is very important.

Never to make a huge mistake in spending to much, keep yourself far from luxurious life if you know that you can't control overspending your money.

End line, it's you and always you to take your call with your winning fortune.

Living a frugal life and avoiding living like a millionaire even if you have a lot of money as if you've won a $1B jackpot.

Securing yourself and your family's future is in your hands on how to do finances with the amount that you've won. I agree that it's the winners call how he shall take care of his winnings.

[Hamphser]

The man is super lucky I guess money will never be his problem any more, $1billion is huge amount and it takes heavenly luck to make this happen. Where did the man win the money is it American lottery?

It does really need Godly-tier kind of Luck for you to hit up Lottery knowing the odds will really be just like 0.00001% in a multi-million chance which does mean that it is close to impossible.

Answering up your question:
The winning ticket was sold at a Kroger in Novi, a northern suburb of Detroit -- about a 30-minute drive from the city

Getting source from link in op: https://www.yahoo.com/gma/mega-millions-jackpot-reaches-1-175200317.html

[uneng]

But at the same time it is so sad, 100 millions should be more than enough for you and several generations of your family even when living in extreme luxury, I do not know why those people do not get a financial adviser to help them, even if you invested in something that only gave 4% per year and you only withdrew 2% that is more than 2 million per year and even more importantly this will mean the money will last until you die and still have a lot of it for your children.

Sometimes, those people are confused to manage their money, especially for the win money, and they tend to buy the things that they do not need exactly.
Maybe they really need a financial adviser to help them manage their money, but maybe they need to learn how to manage their money if they cannot get it.
It will not be hard to do if they want to allocate the money to save money for their children.
That will need more efforts to manage it, but that is worth it for them, as they will not want to see their win money will not last in the short term.

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

I prefer to receive all of the prizes at one-time because I do not know if the casino will still operate or close in the near.
If I can get all of the money, I can use it for something that can benefit me, and I am sure that money can cover all of my bills for some years.
I will try to take care of the money and trying to enjoy the money with my family and always prevent something that I do not want.
The key to enjoying the winning prize is how we can manage the money for our life, and we can try to allocate that money in the right place.

Of course. Who would be fool to receive the money fractioned in parts yearly? This way the casino/lottery is actually making profit for themselves with the money which actually belongs to the jackpot winner. The best choice is to receive the whole prize at once and start investing a large part of it instantly in different ways, so the gambler won't suffer from financial difficulties never more in his life.

[boyptc]

The man is super lucky I guess money will never be his problem any more, $1billion is huge amount and it takes heavenly luck to make this happen. Where did the man win the money is it American lottery?

Yes, that's a lot of money and can help you settle for the rest of your life and even unto the next generation of your clan.

It's up on him how he will maintain that wealth that he owns now or if he's just going to spend it without thinking of taking back those money that he has spent through investments and other created source of income from that jackpot that he had gained.

[Ewox]

He’s one lucky person if he won that huge amount of money and I’d invest them in cryptocurrencies if it was me. That’s what I consider fate, and I’m also sure he’d been in the lottery game for long and may also have spend a lot of money on that. Hopefully he keeps his wealth or maybe invest it in something that’ll make him earn moremoney for his future too although the amount he won is huge already; but you know the mortgages and taxes could be big too.

[traderethereum]

But at the same time it is so sad, 100 millions should be more than enough for you and several generations of your family even when living in extreme luxury, I do not know why those people do not get a financial adviser to help them, even if you invested in something that only gave 4% per year and you only withdrew 2% that is more than 2 million per year and even more importantly this will mean the money will last until you die and still have a lot of it for your children.

Sometimes, those people are confused to manage their money, especially for the win money, and they tend to buy the things that they do not need exactly.
Maybe they really need a financial adviser to help them manage their money, but maybe they need to learn how to manage their money if they cannot get it.
It will not be hard to do if they want to allocate the money to save money for their children.
That will need more efforts to manage it, but that is worth it for them, as they will not want to see their win money will not last in the short term.

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

I prefer to receive all of the prizes at one-time because I do not know if the casino will still operate or close in the near.
If I can get all of the money, I can use it for something that can benefit me, and I am sure that money can cover all of my bills for some years.
I will try to take care of the money and trying to enjoy the money with my family and always prevent something that I do not want.
The key to enjoying the winning prize is how we can manage the money for our life, and we can try to allocate that money in the right place.

Of course. Who would be fool to receive the money fractioned in parts yearly? This way the casino/lottery is actually making profit for themselves with the money which actually belongs to the jackpot winner. The best choice is to receive the whole prize at once and start investing a large part of it instantly in different ways, so the gambler won't suffer from financial difficulties never more in his life.

We do not know, but maybe a person who wants to receive the money fractioned or the casino does not have big cash in their account, so the casino needs time before they can send the win money to the winner.
If the winner can receive the total prizes at once, they can use that money for their life, and I am sure they will not have any financial problem from that time and in the future.
But that depends on how they can manage the win money.
I hope someday and we can hit the jackpot and win the prizes

[bryant.coleman]

He’s one lucky person if he won that huge amount of money and I’d invest them in cryptocurrencies if it was me. That’s what I consider fate, and I’m also sure he’d been in the lottery game for long and may also have spend a lot of money on that. Hopefully he keeps his wealth or maybe invest it in something that’ll make him earn moremoney for his future too although the amount he won is huge already; but you know the mortgages and taxes could be big too.

These sort of jackpots (>$1 billion) only happen once in 4-5 years. Obviously the trick here is not to invest all of that money in any one asset. Because even low-risk assets such as treasury bonds are not 100% safe. It would be better to diversify the investment into several sectors, including real estate, bullion, equity, bank deposits.etc. It will reduce the risk of any of these sectors getting affected my market events.

[Lucasgabd]

He’s one lucky person if he won that huge amount of money and I’d invest them in cryptocurrencies if it was me. That’s what I consider fate, and I’m also sure he’d been in the lottery game for long and may also have spend a lot of money on that. Hopefully he keeps his wealth or maybe invest it in something that’ll make him earn moremoney for his future too although the amount he won is huge already; but you know the mortgages and taxes could be big too.

These sort of jackpots (>$1 billion) only happen once in 4-5 years. Obviously the trick here is not to invest all of that money in any one asset. Because even low-risk assets such as treasury bonds are not 100% safe. It would be better to diversify the investment into several sectors, including real estate, bullion, equity, bank deposits.etc. It will reduce the risk of any of these sectors getting affected my market events.

yes, on the diversification matter it may be interesting to look into Ray Dalio strategy, he calls it "the all seasons" portifolio
not sure if he changed it now because it relied heavily on treasure bonds in the past, specially longterm ones.

if anyone wants to read more about it:
https://www.iwillteachyoutoberich.com/blog/all-weather-portfolio/

[imstillthebest]

He’s one lucky person if he won that huge amount of money and I’d invest them in cryptocurrencies if it was me. That’s what I consider fate, and I’m also sure he’d been in the lottery game for long and may also have spend a lot of money on that. Hopefully he keeps his wealth or maybe invest it in something that’ll make him earn moremoney for his future too although the amount he won is huge already; but you know the mortgages and taxes could be big too.

odds are high for a win that is  big . he is lucky because it wasnt a common win but small wins are too common that we consider it not as luck  but fate and luck is different . if he tried hard , thats what made his fate to win
 the identity of the guy is hidden.
no hints if where he will spend his money but if  a guy like you is going to win , the money is in good hands  because you are going to put the money in cryptos and with that millions of cash you can help the cryptos easily grow in sizes .

[iTradeChips]

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Let your money work for you. That's really the best thing to do once you acquired enough amount savings. Yes! it been said it correctly
even it's not from the jackpot, valuing the money is very important.

Never to make a huge mistake in spending to much, keep yourself far from luxurious life if you know that you can't control overspending your money.

End line, it's you and always you to take your call with your winning fortune.

I used to laugh when people told me that mindset was the first thing to get right when it comes to money,
but it turns out that: IT IS!

fix your mindset first

this can make someone rich regardless of winning a huge jackpot or not.

My friend told me that it took him 40 years to realize that this is right. He has been struggling financially, earning just enough for his family and not able to get savings, that he wished for another way out of the rat race. I am slowly teaching him some basics on cryptocurrency and I do hope that he might be able to pick up some information here in this forum that could help him turn his life around for the better.

[Renampun]

My friend told me that it took him 40 years to realize that this is right. He has been struggling financially, earning just enough for his family and not able to get savings, that he wished for another way out of the rat race. I am slowly teaching him some basics on cryptocurrency and I do hope that he might be able to pick up some information here in this forum that could help him turn his life around for the better.

without a side business, it will be very difficult to earn more money...
this is the reason why many people try stock investing, cryptocurrency, lottery, and gambling. and a lot of good news that says that those who are truly successful are those who struggle independently and have independent financial capabilities.

[michellee]

My friend told me that it took him 40 years to realize that this is right. He has been struggling financially, earning just enough for his family and not able to get savings, that he wished for another way out of the rat race. I am slowly teaching him some basics on cryptocurrency and I do hope that he might be able to pick up some information here in this forum that could help him turn his life around for the better.

without a side business, it will be very difficult to earn more money...
this is the reason why many people try stock investing, cryptocurrency, lottery, and gambling. and a lot of good news that says that those who are truly successful are those who struggle independently and have independent financial capabilities.

I read about many people who can succeed in investing in stock, crypto, and other things, including gambling. But not many of them can have that success because, in any of work or investment, we must know how to do the right thing to make money and use that way for the other source of income. But after they can get the money, that will depend on how they can manage their money for their future because if they spend it at once, they will not have a chance to survive in the future.

[Pamadar]

My friend told me that it took him 40 years to realize that this is right. He has been struggling financially, earning just enough for his family and not able to get savings, that he wished for another way out of the rat race. I am slowly teaching him some basics on cryptocurrency and I do hope that he might be able to pick up some information here in this forum that could help him turn his life around for the better.

without a side business, it will be very difficult to earn more money...
this is the reason why many people try stock investing, cryptocurrency, lottery, and gambling. and a lot of good news that says that those who are truly successful are those who struggle independently and have independent financial capabilities.

The struggles are the pathways to seek for any ventures to succeed.

A lots of people use this struggle to work out and find the right ways to earn, same with gambling there are many people who use this venue to try their luck and if does, if they win then changing the fate in life is really enjoyed. It's up to the person who won the jackpot to take care and enjoy of his winning money.

[tabas]

I think it is one of the biggest winnings of all time in mega bilions, they are right in my opinion not to disclose the name of the winner, of course the state takes a large chunk of the winnings in taxes, perhaps too much, in my opinion the winnings from the gambling do not should be taxed, it would be better for him to choose the deferred payment over 29 years,it was really lucky

If it's stated that taxes are included then even if they will expose who the winner is, it will still be deducted. But that's not the main purpose why winners are not revealed.
It is for their safety that no person will know them because of the money that they have, they might been robbed and attacked by anyone who has bad intentions once they know who the winner is.

[dunfida]

I think it is one of the biggest winnings of all time in mega bilions, they are right in my opinion not to disclose the name of the winner, of course the state takes a large chunk of the winnings in taxes, perhaps too much, in my opinion the winnings from the gambling do not should be taxed, it would be better for him to choose the deferred payment over 29 years,it was really lucky

If it's stated that taxes are included then even if they will expose who the winner is, it will still be deducted. But that's not the main purpose why winners are not revealed.
It is for their safety that no person will know them because of the money that they have, they might been robbed and attacked by anyone who has bad intentions once they know who the winner is.

Taxes cant really be evaded as long it has been imposed that they would really be needing to pay up or having those reductions.Most lottery winnings are already been taxed or can be tax-free
just like here on my country which means there are no reductions.I dont know on how they do that knowing that every government around the globe does really consider on getting reductions
when it comes into these kind of winnings.I dont see the point on telling that paying up tax will be the reason on why someone should be hided.It is indeed the other way around
which is basically trying to avoid those people who do have bad intentions because this isnt a small money we are talking on.

[tabas]

I think it is one of the biggest winnings of all time in mega bilions, they are right in my opinion not to disclose the name of the winner, of course the state takes a large chunk of the winnings in taxes, perhaps too much, in my opinion the winnings from the gambling do not should be taxed, it would be better for him to choose the deferred payment over 29 years,it was really lucky

If it's stated that taxes are included then even if they will expose who the winner is, it will still be deducted. But that's not the main purpose why winners are not revealed.
It is for their safety that no person will know them because of the money that they have, they might been robbed and attacked by anyone who has bad intentions once they know who the winner is.

Taxes cant really be evaded as long it has been imposed that they would really be needing to pay up or having those reductions.Most lottery winnings are already been taxed or can be tax-free
just like here on my country which means there are no reductions.I dont know on how they do that knowing that every government around the globe does really consider on getting reductions
when it comes into these kind of winnings.I dont see the point on telling that paying up tax will be the reason on why someone should be hided.It is indeed the other way around
which is basically trying to avoid those people who do have bad intentions because this isnt a small money we are talking on.

That depends on the declaration of the casino if the tax is already included or not. But if the casino says that's tax free then jackpots like this are truly a wealth that you can enjoy forever.
That's what mostly cuts the fun when hear someone says about tax.

[South Park]

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

That is not how a lottery or a jackpot works, after the taxes they can deposit them in a bank or any other investment if they are smart and usually jackpot winners end up loosing everything as they spend most of their money in gambling and luxury rather than having a smart investment and you can search online for jackpot winners who lost everything and you will get many stories.

I will have to disagree, this is one of the ways winners can receive their prize, it is not popular but it is an option, instead of receiving all the money in a single check they can receive it during a period of time, for example 20 years, this has the advantage that this will limit their potential to squander their fortune in just a few years and will help them to be slightly more responsible, also that money automatically gets invested in some of the safest investments available so at least it protects partially the purchasing power of their unclaimed fortune.

[btc78]

Those winners need to recognize their limitations, there are two ways in which they can receive their prize money, the first is as a lump sum which is the most popular option but the other is to receive just a part of the prize every single year for a few decades, while this is not as attractive this by default will mean that you will be rich for decades without doing anything and yet those winners do not accept it and then go bankrupt or even kill themselves by living in luxury.

That is not how a lottery or a jackpot works, after the taxes they can deposit them in a bank or any other investment if they are smart and usually jackpot winners end up loosing everything as they spend most of their money in gambling and luxury rather than having a smart investment and you can search online for jackpot winners who lost everything and you will get many stories.

I will have to disagree, this is one of the ways winners can receive their prize, it is not popular but it is an option, instead of receiving all the money in a single check they can receive it during a period of time, for example 20 years, this has the advantage that this will limit their potential to squander their fortune in just a few years and will help them to be slightly more responsible, also that money automatically gets invested in some of the safest investments available so at least it protects partially the purchasing power of their unclaimed fortune.

There is nothing to argue mates because you are both correct , because the Option is depend to the winner . he can choose to take it all or he can choose to let the funds stays and get it little by little for assurance and safeties.
and also depend in which countries/Governments rules in Lottery because each of ours has their own rules how to distribute the wins , Just like in Showtime winnings there are others that does not give completely in one time instead i partial.