Jan. 24, 2008
Receiving a windfall , winning a big jackpot and having a huge amount of cash in hand is very uneasy thing for a human being to handle.
If it is your first time to hold on this large amount of money. How can you handle this situation ?
THIS CAN EITHER KILL YOU OR MAKE YOU CRAZY.
My suggestion is to deposit it on a time deposit term for 6 months. So you could at least have enough time to plan it over very carefully.
NEVER SHOW OFF YOUR WINNINGS.
This are almost always the mistake of winners and this could start a big problem.
After 6 months then follow whatever plan you have.
A tip from me.... deposit 1/2 of all your money in a long term basis and get the interest only as your monthly income never touch the capital.
And the rest use it what ever plan you have but dont forget to invest.
How about you, whats your plan in case you just won the jackpot?
