How to Spend Your Mega Millions Wisely!
The Mega Millions mania is insane right now (no Warner Bros. Pictures). You may be hyped up from the half-a-billie buzz, running to purchase your very first lottery ticket now. But what would you do if you actually played the winning numbers (by the way, you have a 1 in 176 million chance)? If you're a normal human being, you can run a list of foreign cars, handbags, shoes and mansions you'd buy outright after cashing in. However, if you're a smart human being, there is a way to divide and allot your funds, so you'll never stress over a dollar again.
Today could be the last day of your current financial state because this check is a life-changer. First things first: here's a few ways you should spend those mega millions... after you pay us for such great advice!
1. Pay Off Debts
Sallie Mae is calling? Credit cards maxed? Have a few outstanding "I Owe You's" among friends? Pay off these things first. Start with a clean slate by digging yourself out of a dark financial hole. Once you're on a fresh playing field, ball so hard!
If you don't understand stocks, get familiar. Hire a financial adviser to help you build a portfolio that'll keep your money tight. Learn financial literacy and look to become an owner of something. Those entrepreneurial dreams can come true with this kind of cake!
3. Family and Friends
It's always appropriate to make sure your family is kept. Parents, siblings and close relatives should be able to cop a slice of your pie; however, be strategic. Greed runs rampant in these situations, so remember not to be a endless well of money. Divvy up funds how you see fit (which can come in the form of gifts, not cash) and let it be. Of course, these things are situational. In our opinion, grandparents, parents and best friends are sure to be set for life.
After reaping the benefits of chance and luck and making wise money moves, don't forget about yourself. There's that one thing that you've been dying to purchase or make happen for yourself, so focus on making it all come to fruition. This whirlwind, life-changing scenario can be stressful, but only if you let it. Never lose sight of your wants and needs...