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You look up at your box screen announcing the winning numbers, and then back at your ticket.
Youve justwon the jackpot.
Cuban, an experienced billionaire, had a lot to say on the matter.
First off, Cuban recommended playing the long game.
Dont take the lump sum, Cuban told Benzinga.
You dont want to blow it all in one spot.
Cuban also recommended playing it safe with this kind of once-in-a-lifetime opportunity.
You dont become a smart investor when you win the lottery, he asserted.
it’s possible for you to put it in the bank and live comfortably forever.
The odds of hitting a jackpot twice once as a player and again as an investor are exceptionally low.
Why risk financial peace of mind on the hope of making another astronomical amount of money?
You will sleep a lot better knowing you wont lose the money, he said.
Fidelity offers an additional recommendation: Create a strategy for giving.
First, decide how youll handle money requests fromfamily and friends.
Then consider whether youll support charitable organizations.
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