While each of these suddenly affordable opportunities would tempt a newly minted mega-millionaire, none would be the best initial course of action.
Just look at the history of lottery winners. Many ended up in debt — or worse, went broke because they mismanaged their newfound riches.
Easy money can do that to people. It makes them blind to the proper steps to take to ensure those funds last a lifetime — and, for their loved ones' sake, beyond. Rather than being prudent, many of the suddenly super-rich feel obligated to make that big purchase or, for some reason, agree to provide financial support for a third cousin of their step-brother-in-law.
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Instead of visiting that car dealer or travel agent, the first thing anyone lucky enough to win a lottery jackpot should do is find a trusted, qualified financial planner.
Financial planners come in all shapes and sizes, with different credentials, levels of experience, knowledge bases, legal requirements and compensation models. Anyone seeking a planner needs to be armed with the correct questions to ensure that the professional chosen is working in your interest and capable of addressing all your specific financial needs.