Another insane win!! $ 1B mega million jackpot - page 3.

Renampun

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Quote from: iTradeChips on March 24, 2021, 06:08:24 PM

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.

iTradeChips

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Quote from: Lucasgabd on March 18, 2021, 09:06:06 AM

Quote from: Fredomago on March 18, 2021, 02:28:19 AM

Quote from: Lucasgabd on March 17, 2021, 04:22:50 PM

Quote from: ?? on ??

<...>

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. Roll Eyes

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.

imstillthebest

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Quote from: Ewox on March 24, 2021, 12:18:12 AM

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 .

Lucasgabd

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There's no need to be upset

Quote from: bryant.coleman on March 24, 2021, 12:45:43 AM

Quote from: Ewox on March 24, 2021, 12:18:12 AM

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/

bryant.coleman

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Quote from: Ewox on March 24, 2021, 12:18:12 AM

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.

traderethereum

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Quote from: uneng on March 23, 2021, 03:21:07 PM

Quote from: traderethereum on March 23, 2021, 04:30:59 AM

Quote from: South Park on March 21, 2021, 11:53:27 PM

Quote from: traderethereum on March 18, 2021, 03:50:25 AM

Quote from: South Park on March 17, 2021, 11:00:35 PM

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 Grin

Ewox

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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.

boyptc

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Quote from: ?? on ??

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.

uneng

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Quote from: traderethereum on March 23, 2021, 04:30:59 AM

Quote from: South Park on March 21, 2021, 11:53:27 PM

Quote from: traderethereum on March 18, 2021, 03:50:25 AM

Quote from: South Park on March 17, 2021, 11:00:35 PM

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.

Hamphser

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Quote from: ?? on ??

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

boyptc

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Quote from: Fredomago on March 18, 2021, 02:28:19 AM

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. Roll Eyes

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.

traderethereum

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Quote from: South Park on March 21, 2021, 11:53:27 PM

Quote from: traderethereum on March 18, 2021, 03:50:25 AM

Quote from: South Park on March 17, 2021, 11:00:35 PM

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.

7788bitcoin

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Quote from: South Park on March 21, 2021, 11:53:27 PM

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.

South Park

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Quote from: traderethereum on March 18, 2021, 03:50:25 AM

Quote from: South Park on March 17, 2021, 11:00:35 PM

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.

paxmao

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Quote from: Chrystora123 on January 23, 2021, 01:27:33 PM

In the last few weeks Americans have been very lucky in the lottery, this time there is a man who won $ 1 billion dollars from the mega million lotteries. btw, I have tried for unclear reasons, the man's identity is still a secret.

You must be joking, if I ever earn even a tenth of that money I would certainly would not want anyone to know anything about me. And that is me - a quite boring guy with a quite boring life no debts and living strictly within the law - so I could imagine someone getting that kind of money and having the usual "friends" that will all the sudden re-appear, or some type of debt or any connection to shady stuff.

If it were me, I would probably try a full identity change.

traderethereum

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Quote from: Sithara007 on March 18, 2021, 10:58:29 PM

Quote from: traderethereum on March 18, 2021, 03:50:25 AM

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.

This is exactly why previously the winnings used to be given as annual payments for a period of 30 years, rather than as lumpsum payment. Most of the lottery winners belong to the poor or middle class and in some cases they don't have the experience in managing such large amounts of money. This makes them vulnerable to wasting their money in various scams and Ponzi schemes. It will be better for such people to hire a financial manager, who could take care of their investments.

That is most cases that happen to people who won big money or from the jackpot.
They are shocked to see their name comes out to become the winner, and they never thought about that.
If they only spend their money to buy many things without benefiting them, they will not see their money for a long time, and even their children or grandchildren can not enjoy the money.
As long as they can manage the money, that will not be a problem for them and can enjoy the money.

KTChampions

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Quote from: Fredomago on March 18, 2021, 02:28:19 AM

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. Roll Eyes

The average person cannot take advantage of these tips - almost all income goes to living expenses. Reliable investments give meager income, therefore, to break out of this state, one must either make a career (to some extent sacrifice one's life) or risk money.

Sithara007

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Quote from: traderethereum on March 18, 2021, 03:50:25 AM

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.

This is exactly why previously the winnings used to be given as annual payments for a period of 30 years, rather than as lumpsum payment. Most of the lottery winners belong to the poor or middle class and in some cases they don't have the experience in managing such large amounts of money. This makes them vulnerable to wasting their money in various scams and Ponzi schemes. It will be better for such people to hire a financial manager, who could take care of their investments.

Lucasgabd

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There's no need to be upset

Quote from: Fredomago on March 18, 2021, 02:28:19 AM

Quote from: Lucasgabd on March 17, 2021, 04:22:50 PM

Quote from: ?? on ??

<...>

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. Roll Eyes

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.

traderethereum

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Quote from: South Park on March 17, 2021, 11:00:35 PM

Quote from: KTChampions on March 14, 2021, 03:15:08 PM

Quote from: JohnBitCo on March 14, 2021, 03:39:04 AM

Quote from: KTChampions on March 13, 2021, 05:29:33 PM

If I'm not mistaken, one of these lucky/losers sold the rights to film his case in the cinema. The situation is standard - won something like $ 100 million, quickly spent it and returned to work as a loader. I don't know if the movie helped him to start moving forward again or not

If a gambler won $ 100 million in a jackpot or lottery and then he loses all his money very quickly, then whose fault is this ? If the winner does not care about the money or if he is not willing to learn money management, then i am afraid he will never gain money even if he won a lot of money many times.

He did not lose his money, he spent it on a luxurious life - cocaine, prostitutes, expensive cars and so on. This is what attracted the writers who decided to make a film about this, I do not think that anyone would be interested in a film about an ordinary story - first a big win, then a big loss.

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.

Topic: Another insane win!! $ 1B mega million jackpot - page 3. (Read 7911 times)