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Originally Posted by mechanicvirus
Yea I would collect interest in the bank, but still spend some of it.
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This is a prime example of why most people go broke after winning a huge sum of cash like that. Most people have no clue what to do with that kind of money much less how to manage it properly. "interest in the bank"?? Please... bank interest isn't worth spit these days.
Why would you settle for 2 or 3 % when you can make 5 to 10 times that with a simple basic investment strategy?
The first thing to do when winning the lotto is to admit that you know fuck all about money management, and go out and find a professional investment expert who can offer some sound advice. Seriously, wouldn't it be nice to double that win in 10 years instead of having to sell your home to stay afloat because all the money has been squandered?