Here is what you should do, 1 Hire a team of Attorneys 2 Direct those Attorneys to file a restraining order forbidding the winners name being disclosed. Yes, It can be done with the right court arguments. 3 Completely disappear from where you live and hang out. 4 Don't bother to try and make money, focus on keeping what you won. 5 Consider how long you may live and only spend half the amount divided by the number of years you will live. No more. The other half of the remainder split into halves and you can invest in gold silver and real estate and other hard assets, and the other half in soft market investment such as stocks and bonds and other investment instruments. Don't trust anybody without doing your own homework and controlling the bottom line yourself. Don't hand the keys to your wealth to other in hopes they won't rip you off, because they will. Live modestly and never tell anyone of your real wealth unless it is absolutely necessary.

I would tell nobody, not friends, not kids, not one single person.

O'Leary's advise makes the most sense to me. Invest a portion of the money in low risk bonds and spread the rest over 3 big banks.

The main thing I will do is to remain anonymous since my state allows me to do so. I will tell no one other than my wife. Under no circumstances will I tell my children because I don't want them to think they are entitled to anything. I will not spend any money for at least one year. Next, assemble my financial team and protect it from taxes. I will start an LLC for future generations for my family. After one year, I will do some traveling across the globe. I will make a few charitable contributions to organizations that I deem worthwhile that make an honest effort to mankind.

This is not a financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

Totally agree with laying low in the beginning. The idea is try to get used to having all that money and NOT blowing it on every whim. If you start too soon, it could lead to an avalanche of spending.

The scariest and most stressful part of having all that money is finding a place to put it, because the banks will only insure 250k of it. id personally go back to school and take finance classes

I absolutely would not wait a month or year to buy anything. No one knows when they will pass away, so I would enjoy that money as soon as I could. The first thing I would do is set a budget for what I'm planning to save, give, and spend over time. I'm not a fancy car-designer clothes type of person, but I would travel to all the places I ever wanted to go.

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

Only thing I want is a house and everything else is secondary.

0:42 Kevin O Leary 3:41 Barbara Corcoran 6:53 Lori Greiner 8:11 Kevin Harrington 10:15 Mark Cuban 13:39 Robert Herjavec 14:48 Daymond John

Putting millions in the bank has got to be the dumbest idea ever!!

Fun to imagine, Every time I buy a lotto ticket, I am helping someone else become rich.. cheers and good luck to all yous guys out there..

I AM WINNING THE LOTTERY TONIGHT ‼️

Being that I live in a anonymous state, 1/2 the battle is won. There other half is that I’m an only child and not married so I don’t have to worry about telling anybody; except maybe my plants that I talk everyday 😂🎉❤

Never keep more than $250,000 in any single account. That’s all you are insured for.

A winning lottery ticket is a bearer instrument until it is signed. So you can start a business entity to claim it. Hire a lawyer, accountant, etc.

I like Damon John's advice. You can bet those same people will be hitting you up for money after you win. Good way to vet real friends and family

The advice from the first and last person was the most valuable. Especially the first person, he was the only one who really made my ears perk up. I’ll follow this when I win the lottery. Everybody in between said nothing.

In most states, only was to claim your prize anonymously is thru a Blind Trust. Many states allow this. Ohio had more prizes claimed by blind trusts than any other state.

Money cant buy happiness or love.. But you would be surprised how easy it is to rent.

I'm with mark Cuban, I won't invest my money as I have no idea how the financial world works and I'll probably be paranoid 😂

After surviving years of hardships and having people stick by me and help where they can I already know that list. Having your money work for you sounds key. Finding a lawyer and tax pro that have integrity would a blessing!

I'm not sure why I watch these videos when I don't even play the lottery.

O'Leary was the wisest here. Money cannot buy you happiness, it can only buy you financial security. Happiness is a state of mind, not a state of your financial statements. I agree with guarding whom you tell. Be clear with anyone you gift money too as a one time thing. I agree about buying one cool thing you wanted, within respect if the size of your winnings. It could be a nice car, a nice vacation or other fun but responsible purchase.

How do you find trustworthy lawyers, financial advisor, and tax advisors.

Now i know what to do. All i need is to win the jackpot now😂

1) put it in the bank ( metaphorically) 2) put yourself on a yearly budget 3) you're done

For a hypothetical argument, let's sat that someone won $50 million after all the taxes were paid. I would take this money, and put it into a trust fund not in my name. From that fund, I would place about 1% into another trust fund for grants and loans to people whom need it. I would allow an attorney to set up the paperwork such that I could use what money was given away as a tax write - off, and then have everyone contact the attorney for the paperwork. Instead of buying or building a big house, I would build a moderately - sized apartment complex such that I can make some moderate residual income each month after all the fees, repairs and such was deducted. Another idea would be to take some online classes to help with working with this money. Finally, I would invest the rest in government bonds and other investing instruments. Hopefully, I can live very reasonably on about $2 to $5 million for a while until the monthly dividends start coming back to the initial trust fund I started.

Thank you for teaching me to be wise, equipped, and all smart when the jackpot happens.

I’m winning the lotto, trust me.

Thanks for the advice I’m going to win the lottery this weekend

Daymond has some very good advice for weeding out friends and family

9:27, I’ve never heard a financial expert say take the annuity payments. Present value is greater than Future value.

I would pay off my student loans and buy a house. I would give my son money for school, a car, and his own home, too. I would take a needed vacation then do all the investments. I would need to just rest first.

Now I've got my list of what to do. Thanks!

I think I would have been a millionaire if I had invested all the money I spent on the lottery.

My own advice: 1) Spend 1/3 on paying debts, on buying assets (like property, cars, etc), on giving to close family members, (but make sure not to give a 2nd time cause they'll keep coming back if you do), etc... 2) Save 1/3 (in separate banks and preferably separate banks in more than 1 country) 3) Invest 1/3 (diversify into various stocks/cryptos/precious metals/etc) 4) Move to another country Of course, the above depends on how much you've won. If it's a lot, then I'd do the above. If it's not a lot, then paying back debt is the most important and buying your own property (to live in, not to invest in) is the 2nd most important.

In general, overall great advice, something for everyone... In different ages and life situations. Thank you Shark Tank

excellent video!!! Tons of great advice. thanks and thumbs up

I’ll remember this when I win.

Just keep living life to the fullest and be thank full about everything that comes and goes into your life. Its definitely better to not tell anyone that way if people do know and change the way they act towards you when you come into money youll know who to weed out of your life. Those around you will never need to change to get the best version of you they already accept you as you are ❤

This video is golden 🏆🏆🫶🏾teach me how to move when I win tonight 🙏🏾🙏🏾🙏🏾 I’m thanks the universe 🙌🏿☀️

One piece of advice I heard that I wholeheartedly agree with is that you should take a chunk of the money, not a large chunk or a chunk of money and go on a spending spree and get it out of your system. If you win $50 million, take $1 million and go on a spending spree. If you win 5 million after taxes you might only wanna take 100,000. Gotta be smart. But still, get it out of your system!

First of all --- No, you don't earn 4% per month. It is more like 4% annually, which is 0.33% per month. I hate it when these people making these videos can't do basic math.

Mark Cuban says take the payment, not the lump sum. And if you weren't an investor before don't try to be one after.

8:37 Staying anonymous is not possible in many states where winners are required to do a press conference. One state though allowed the winners to cover their faces with the giant check. I think they also created an LLC for themselves which is what was written on the giant check.

thanks for the great advice and a variety of it

I am a secret millionaire and use the same principle as daymond, I test people daily then help the good ones later. Even get loans and borrow etc just to keep it all real and makes me also feel normal

Remain anonymous, hire tax attorney, accountant, not spend money until investment income comes in. If it’s a large lotto winning take annuities and set up a trust to collect the lotto winning. So if you died before receiving 20 years of annuity payments, the trust will continue to get the payments and your family/friends or whoever you set up the trust to give $ to. Do some good for the poor the needy but do not advertise it . Let your accountant /attorney do it.

I like Mark Cuban's advice most of all and the one before last. Thank you I will bear them in mind in due time❤

Mark Cuban is the only one that made since. I had already thought like he did.

something missed out in this video is the persons age, if you're 18 and win 50 million it's very different to if you're 80 and win 50 mill if you're 18 50m will last you the rest of your life if you're smart if you're 80 you have at best 10-20 years left so you could go and splurge it all ( in a reasonable amount of time)

Anyone ever hear that cynical joke "My stockbroker is making me more broke instead of more prosperous".

Thanks guys for this valuble and informative episode it was very helpful and inspiring keep the gems coming.

Very simple for me. I’m 58. I just take whatever money they gime me and run away, living day by day. Forget about all people that just want to make money with your gains. Not be worry on complications….

Great Chanel, and cool content, I can’t believe I dident find you earlier

When you invest you're buying a day you don't have to work

This popped up in the algorithm after I purchased tickets 😅

Thanks for the advice all I need to do is win the lottery

giving to family/whatever = here is some money, spend it wisely, as i "am not" your ATM machine.

You can’t make 4% per month. That’s too good to be true. Nothing pays that well 😂. It’s 4% per year.

My advice..... Stay anonymous. Take a holiday immediately to relax and think about what you're going to do. Get a team of experts around you. Then make a will!

I think that Shark tank should get involved to help manage lottery winners investing so they don’t loose it all..

Great advice! Now all I have to do is win the Lottery.

This is a good video I’m going to use a few of these things when I win the lottery 🎉thank you

Thanks for the advice ❤...

Lesson 1: DON'T TELL *ANYONE* (Other than a reputable attorney & accountant) Lesson 2: *SEE LESSON 1*

What i learned from this video is that investing your money is 100% the riskiest thing to do and to NEVER DO IT !

I agree with aspects of the advice of a few of those listed on this video. Kevin’s advice is really good and safe.

Mark cuban made a good point

Great advice. I will get to use it when hell freezes over……😮

I’ll save this video and come back to it after I win. lol 😂

Thank you 🙏

When your friends and family that pop up out of the woodwork start asking for money, LOAN it to them with a loan agreement. You’ll never hear from them again. Cheap peace of mind.

Damon John hit the nail on the head

I would always do lump sum. I would not trust the government to have it all in the future or give it to you. This HAS already happened. As far as not spending a dime…. If you are struggling you might not have a choice. But being smart with what you do spend is paramount

Live off of the interest!! 💸

@1:51 - can someone please explain the math behind Kevin O Leary advice is. For $1.6 billion after taxes and everything you get $400 million but 4 percent of that is $16 million... How did they get $600,000 a month...?

First i will buy gifts for myself because I'm the winner, secondly and third is a charity 10% for needy people, help my family and for the rest of the money, do the investment.

The 1st advice was the best.

If family asks me for money i would used that kevin hart line” see, the way my bank account is set up..” lol

Very great advice!!!!!

I advise having 2 teams. Give each 1/2 to manage if you are not skilled in finances.

Absolutely, I agree 100% . Wait for income tax . If you made more than 300k, you also need to pay additional % for your income . If you decide to invest , never ever use your money ! Or if there are no investors, use only minimum payment , rest take a loan. If is realstate, if someone won't pay the rent , if works scenario , let the bank take it !!! But you will not lose your money, at least not much . By with minimum payment ! Or buy a couple of homes with minimum payment , let renters pay mortgage. And still you keep your money !!!

Great advice! Every state winner should remain anonymous along with every state ruling to keep anonymity!

Unfortunately in Canada you have to have a press release. Also in Canada no taxes on lottery winnings. I does look like each person has their own opinion, What I would do give as little info as possible. Due to press releases I would look at a new home in a new city ASAP. I would allocate a percentage for immediate, gift and savings investment. ASAP i would take large chunk and get a high yield short term term deposit. I would take an investment course

When I win a big lottery jackpot, the first thing I will do after waking up on the floor from fainting is breathe, lol… I’d stay anonymous, except for my daughter, I’d tell no one, not even my son, with good reason lol. My plan is similar to Barbara, give myself some time to learn my options but I’d find a banking and trust set up that is best for the amount I have. As for spending, I’d make sure my children and I are debt free, then cover basic living for a while… for example, I’d pay all utilities up for a year or so, make sure I have a good running car, a nice safe home and eat healthier, now that I can afford all organic, lol. I’ll likely do a little vanity spending, like new clothes and massages while taking some time to learn where my money will be best utilized before making any major financial decisions. I want to enjoy the win but not blow it all on a 3 month-weekend, 😂

Great advice.❤

I like the Black Dudes Advice..and Mark Cuban❤😂🎉

Anyone who’s ever called someone to ask for money can tell you that they’d NEVER call EVERYONE they know to run a crazy test on them. What if most of them don’t have any money in the first place? This is a fantasy. He probably said it offhandedly as a silly hypothetical situation and not as actual advice.

Good advise❤

Be selfish or be broke. I rather go broke helping everyone I can then to hoard everything as I watch my working class friends and family struggle. When I go to my deathbed, all my karma is what is coming with me through deaths gates, not my material wealth, that stays here. To each their own tho. Life is too short to judge anyone else’s life decisions.

Thank you). I just won the lotto. Those are good advices

😂 easy said then done, I'm going to buy me a washer & dryer tomorrow isn't promised to us! 🤷‍♀️

I would likely apply a mixture of the Sharks advice, and then would calculate just how much total money I plan to give away over the course of a few years to family, friends, strangers and charity; and then I would create a liquid account for just those needs; whereas I would cautiously dole portions of it out as various needs arise. I would than invest a decent amount into a number of precious metals funds as a hedge against inflation. I would than take a small portion for investments for which I choose to try my hand at. Most importantly is that I would first secure a minimum amount into low risk accounts that preserve the principle, so as to ensure as best as is possible, that if everything else I did fails, that I would at least have enough remaining in secure accounts, so that I would never be broke again.

Thats why i always love oleary his info is golden

I’m taking the annuity and I’m not investing. That’s already the biggest return on a $2 or $3 investment already. People who take the annuity spend more wisely.

Thanks to the advice you've given on your channel. I now know what to do with my wealth. My wealth will benefit this planet, people and animals. My wealth with keep increasing and out live me. Thank you Universe for making me wealthy!❤

Good advice. 🙏🏾🤲🏾