This past Friday the 13th was a lucky day for the Smith family as they stepped forward to claim their $429.6 million Powerball jackpot. Just one week earlier the eight family members had pooled their money together to purchase what would end up being the winning ticket. The winning numbers: 5, 25, 26, 44 and 66 (with Powerball number 9) made the eight members instant … [Read more...]
Ballin One Minute, Broke the Next: The 3 Main Problems with Overnight Millionaires
If your ship didn’t come in with last week’s Powerball...we’re in the same boat. But maybe that’s a good thing, because it will give us time to get our financial house in order. One study found that big lottery winners were more likely to go bankrupt within five years of winning. But it’s not just lottery players that lose big. In 2009, Sports Illustrated reported … [Read more...]