Here's Mark Cuban's advice for whoever wins the $1.4 billion Powerball lottery

[Azul]

Unless you live in a state where lottery winners can be completely anonymous, good luck with the theory thinking that no one in your family would know you had won millions/billions from a lottery prize.

You don't have to live in the state I believe, as long as you bought it there

 

[Will Ross]

N

Unless you live in a state where lottery winners can be completely anonymous, good luck with the theory thinking that no one in your family would know you had won millions/billions from a lottery prize.

With 1.4 billion it's no reason to be selfish with your family.

 

[Easy-E]

• [The first thing you should do is] hire a tax attorney.
• 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.

What about my army of virginal Brazilian dimes?

 

[Easy-E]

Of course the coli accountants telling a billionaire he doesn't know what he's talking about on the subject of money.

 

[Donald J Trump]

lets say u make out with 800 mil after taxes when u win

and u buy ur own stocks at an average price of 50 and the average dividend it pays out is 30 cents a share

every 3 months u would get a 4.8 mil (pre tax) dividend check

times 4 is 19.2 million

so lets say that for each year u would make in (after tax) 12 mil in dividend income (and spend it all)

it would take you roughly 16.66 years to make an extra 200 million



now if you didnt spend it all it would take u less than 15 years to make it to being a billionaire


and thats just accounting for monies made from dividends, im not talking about stock price movement or an increase in dividends

 

[Breh13]

Wouldn't even know what I would feel if I had that much money in my account.

First of all, no worries about bills is the number one thing that would transform you.

Hiring experienced dudes who deal with rich people's money everyday isn't bad though.

Oh and dealing with people around you and beyond is going to be the biggest negative of it all.

 

[Arithmetic]

my family wouldn't even know i won that shyt. would probably just put the shyt in the bank and live off of 40k or less per year after buying a couple of things.

 

[L&HH]

Mark Cuban isn't even smart. He got lucky. Hate when this dude tries to give advice like he knows something other people don't

He's flipped his money way more than once for it to be "luck".

Once with micro solutions to become a millionaire, then with broadcast, then with the Mavericks. That's more than just "luck"

 

[O.G.B]

You don't have to live in the state I believe, as long as you bought it there

Correct!

1. Buy your ticket in a state that doesn't require you to come forward.
"The best thing a person can do is buy a ticket in one of the six states that don't require you to come forward," Marty King, partner with law firm Gorman & Williams in Maryland, told TODAY. "That means you won't have to go to the press conference with the big oversized check and show your face." Those states are Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina. If you live near one of these states, King recommends crossing the border to buy your ticket because the rules apply depending on where you buy it, not where you live."

Powerball jackpot hits $1.5 billion: Here's how to stay anonymous if you win

 

[Malta]

The downside of winning is the blood-sucking leeches that will pop up. All your old boys, all your exes, all your family, all your old-coworkers, everybody will be asking you for something.

Where's the downside? They're a changed phone number away from not existing


I have a small family, I know who been around and who hasnt, shyt would be lightwork for me.

 

[thekidvoodoo]

Telling winners not to take the lump sum...terrible advice....governments are going broke...They are stopping Cost of Living increases on Social Security......you think they won't hit you with an IOU or a SOL, when SHTF

fukk Cuban and everything he loves.

I win I'm crushing everything. Watch my reign, then I'm going to own an NBA team that can actually get top free agents.

Oh yeah..


fukk MARK CUBAN!

 

[FaTaL]

my family wouldn't even know i won that shyt. would probably just put the shyt in the bank and live off of 40k or less per year after buying a couple of things.

for real i wouldnt tell anybody, i would be damn i wish i was that nikka that won

 

[Breh13]

Sounds good. Until they put you on that Summer Jam screen. There's a rumor on teh innawebs that they'll trying to propose a new bill that promises anonymity for a price. So basically extortion.

Would still take it.


Being thrust into that sort of money depending on your situation could be fukking crazy. There's fukked up people out there.

From living average to a nearly billionaire. Imagine the fukkery.

 

[Sonic Boom of the South]

why would u not take the lump sum to put it all in a acct that will draw interest
instead of getting yearly payments with no interest drawn

 

[Breh13]

Correct!

1. Buy your ticket in a state that doesn't require you to come forward.
"The best thing a person can do is buy a ticket in one of the six states that don't require you to come forward," Marty King, partner with law firm Gorman & Williams in Maryland, told TODAY. "That means you won't have to go to the press conference with the big oversized check and show your face." Those states are Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina. If you live near one of these states, King recommends crossing the border to buy your ticket because the rules apply depending on where you buy it, not where you live."

Powerball jackpot hits $1.5 billion: Here's how to stay anonymous if you win

Those states.