Here’s What to Do if You Win Saturday Nights Powerball Jackpot
The big drawing is Saturday night....There's gonna be well over 800 Million up for grabs. Here's what you'll need to do if your the big winner.
According to abcnews.com your chances of winning Saturday night's $800 plus million Powerball jackpot are about 292 million to one. You actually have a better chance of being struck by lightning, hit by and asteroid, and becoming President of the U.S., but I'm all about keeping hope alive. So when you DO win, here are the first four things you should do.
1. Sign the back of the ticket. That way no one can steal it and claim THEY won. If you want to be extra careful, you can sign it before the drawing. It might make you feel extra pathetic when you don't win though.
2. Resist the urge to tell everyone. Only tell the people you're closest to, and maybe not even them. The point is you don't want everyone you know hitting you up for money for the rest of your life.
3. Hire a money management team. Meaning an estate planner, a financial planner, and an accountant. And you should do it before you even claim the money, because they'll explain why you take the lump sum instead of yearly payments.
4. Don't start buying stuff yet. 44% of lottery winners blow through their entire winnings within five years. But that's mostly if you win something like a million bucks. It's kind of hard to blow through the multi millions in this Powerball Jackpot.
And just so you know that if you do get lucky and win it all tonight and decide to take the cash payout it will be in the neighborhood of $500 million.
Good Luck, we're all counting on you !!!!