💰Take a breath and assess what you want to do with the money.
💡Don't spend the principle, only spend the interest and dividends.
🏛️Diversify your investments by putting them in different financial institutions.
🎭Consider remaining anonymous to avoid unwanted attention.
🚫Set boundaries with family members and make it clear that you won't be providing them with money forever.
What should I do if I win a billion dollars?
—Take a breath, assess your options, and make smart financial decisions.
Should I spend the principle or just the interest and dividends?
—It is wise to spend only the interest and dividends and not touch the principle.
How can I diversify my investments?
—Spread your money across different financial institutions to minimize risk.
Should I remain anonymous if I win?
—Remaining anonymous can help protect your privacy and avoid unwanted attention.
How do I set boundaries with family members who want money?
—Make it clear that you won't be providing them with money indefinitely and consider involving a professional, like an accountant, to handle financial requests.
00:00The Powerball jackpot has reached a billion dollars.
00:17When you come into a large sum of money, it's important to take a breath and assess what you want to do with it.
00:39One strategy is to not spend the principle, but instead, only spend the interest and dividends.
01:18Diversify your investments by putting them in different financial institutions to minimize risk.
01:36Consider remaining anonymous to protect your privacy and avoid unwanted attention.
02:10Set boundaries with family members who may ask for money, making it clear that it won't be provided indefinitely.
