You wouldn't that...45% of it would go to the government and then you will be audited by the IRS because of the drastic change in your income from year to year. Just saying...
You can make small business such as minimarket or something like that, dont buy something unessecary and use it wisely.. if u open a business maybe a restaurant or something you like at least you can have a back up if you spend or finish the money or got into this situation again
Over the last 20 years I've read about how most lottery winners end up worse off than before. They ratchet up their lifestyle, make "loans" to and "invest" in the businesses of friends, acquaintances, and sometimes anyone who asks because it'd "be mean"to withhold the wealth. One guy all of a sudden had lots of friends and jumped on a party wagon like Paris Hilton level, then when the money was gone, had nothing but a divorce and a cocaine conviction. He even lost the house he and his wife had owned.
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I've also seen people who came into some money (inheritance, patent idea paid off) where some relative who had read a few investing magazines and had built up a little money of his own (investing only in GOOD TIMES, though) wanted to become the financial advisor. Well, bother-in-law ended up not knowing as much as he thought, and everyone discovered that you can lose a lot when you're leveraged.
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Hope that "forewarned is forearmed."
I'll buy a car wash.
I thought it was ~30%
http://en.wikipedia.org/wiki/Advanced_Bomb_Suit
first
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I've also seen people who came into some money (inheritance, patent idea paid off) where some relative who had read a few investing magazines and had built up a little money of his own (investing only in GOOD TIMES, though) wanted to become the financial advisor. Well, bother-in-law ended up not knowing as much as he thought, and everyone discovered that you can lose a lot when you're leveraged.
.
Hope that "forewarned is forearmed."