Financial expert says jackpot winners should divide wealth into 3 groups


THAT’S WHAT ONE HAWAII WOMAN WILL NOW HAVE TO CONSIDER AFTER HITTING THE JACKPOT IN LAS VEGAS. FOR SOME SOUND ADVICE. SARA? SARA: JOE- ONE FINANCIAL EXPERT TELLS US THERE ARE THREE THINGS YOU SHOULD DO WITH THAT KIND OF MONEY. AND WHILE 930-THOUSAND DOLLARS IS A VERY LARGE SUM…REMBER LOTTERY WINNERS MAY MUCH AS YOU THINK. CRITICS SAY YOU HAVE A BETTER CHANCE OF GETTING STRUCK BY LIGHTNING TWICE BEFORE HITTING THE BIG ONE. BUT THAT WASN’T THE CASE ON MONDAY NIGHT AT THE MAIN STREET STATION. DAVID STROW/BOYD GAMING: SHE SAW ONE OF THE MADONNA SLOT MACHINES WHICH ARE BRAND NEW TO OUR GAMING FLOORS APPARENTLY SHE’S FAN OF MADONNA AND DECIDED TO GIVE IT A TRY THE WINNER — WHO WANTED TO REMAIN ANONYMOUS — WAS PLAYING DIMES…BUT PLAYED 25-DOLLARS PER SPIN. DAVID STROW/BOYD GAMING: SHE SAID THAT SHE WAS HOPING TO WIN ENOUGH FOR CHRISTMAS PRESENTS WAS THE STORY SO SHE WAS HOPING TO WIN A COUPLE THOUSANDS AT FIRST…SHE THOUGHT SHE WON JUST OVER 9-THOUSAND DOLLARS. DAVID STROW/BOYD GAMING: ONE OF OUR SLOT ATTENDANTS HAD TO COME OVER TO HER AND TELL HER NO MA’AM YOU WON 930-THOUSAND DOLLARS DAVID STROW/BOYD GAMING: THAT’S THE KIND OF JACKPOT THAT CAN CHANGE A PERSON’S LIFE AND WE’RE REAL EXCITED IT WAS ONE OF OUR LONG TIME CUSTOMERS THAT WAS ABLE TO WIN IT IT IS LIFE CHANGING…BUT FINANCIAL EXPERT ALAN AKINA TELLS US TRY NOT TO LET IT CHANGE THE WAY YOU LIVE. IN FACT…HE SAYS JACKPOT WINNERS SHOULD DIVIDE THEIR WEALTH INTO THREE GROUPS AFTER TAXES. ALAN AKINA/101 FINANCIAL: SHE SHOULD TAKE A THIRD OF THAT PAY OFF ANY CREDIT CARDS CAR LOANS ANY MORTGAGES AND FOCUS ON THAT DEBT NEXT…START INVESTING IN REAL LASTLY…TAKE SOME OF THAT MONEY AND HAVE FUN BUT DON’T GO OVERBOARD. ALAN AKINA/101 FINANCIAL: SO WINNERS OF LOTTERIES TYPICALLY END UP BEING LIKE PROFESSIONAL ATHLETES THEY WILL BE BROKE OR BANKRUPT WITHIN 5 YEARS AFTER WINNING WHY? BECAUSE THEY GET CAUGHT UP IN THE HYPE THE PRESSURE THE MONEY THEY ACTUALLY THINK IT’S MORE MONEY THAN IT REALLY IS SARA: AKINA SAYS IF YOU GOT TO VEGAS TO GAMBLE MAKE SURE YOU HAVE A BUDGET AND STICK TO IT SO YOU WON’T GET INTO ANY KIND OF TROUBLE. BACK TO YOU JOE. JOE:

6 thoughts on “Financial expert says jackpot winners should divide wealth into 3 groups

  1. Why don't financial advisors give advice to HART and the state and leave average people alone. I'm sure some cheesy people already got the persons info to ask for "contributions, donations" to the fancy name they gave for their pockets.

  2. Half goes to retirement 1/4 goes to savings the rest goes to beer and strippers

  3. I'd hold 99% until the market crashes, then buy at the bottom. In 5 to 10 years of the market recovery can you imagine how much that money will grow 💲💲💲

  4. Split 3 ways, oh sure,sure
    (at 3 different Casinos)
    And less than 5 years..
    🎲😁⚄⚁😣

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