The 10 Things You Have To Do After You Win The Powerball (Or Lose It All) 

I'm planning to do something like that. I have a lot of cool business ideas and will pay my employees $50-100/hour and do a lot of things to help people create the lives they want and follow their passions

I love that, thank you for doing the smart thing and benefiting others as well.

Existing business. And that is why. Because you already had financial intelligence.

Simple

I disagree with a lot of these steps....the very first thing you should do besides take a picture of the ticket and place it in a safe and protected place, is to create a trust and have the trust accept the winnings which will keep your name out of the newspapers and news and provide some level of protection of your identity.

Definitely, agreed 👍

They're called lawyers

"A man with a briefcase can steal more than a man with a gun" - Vito Corleone

I hate lawyers.​@@EmeraldView

been there had that happen to me. There are more in suits and ties and they steal larger amounts of money.

You put the ticket in the sdb temporarily until you surrender it to get your prize. It's not to put your winnings in.

They said ticket​@@marshallmcdonald7309

𝙰𝚗𝚍 𝚝𝚑𝚎 4𝚝𝚑 𝚔𝚎𝚢

If you don’t hold it you don’t own it, I would tell my brother after I photocopied ticket

😂😂😂😂

That's my biggest fear and I acknowledge the fact I don't know how to manage a large some of money. I don't want to go on a spending spree instead create generational wealth. Thank you for your wisdom.

😊

Congrats on the winnings, but even more so, on your success in your continued wealth!

​@Madvizion Stop worrying about "generational wealth." Just take care of your children & that's it. That's your only responsibility. If your children have children then that's their responsibility & not yours. Not to say you don't set them up nicely but it's not your responsibility. Teach your children to be responsible for their own & be smart. Just a little word to the wise. Too many people talk about "generational wealth" when most of the time, the generations after your children are out of your control. Please really contemplate what I shared. It makes a lot of sense.

did your “team” come from the same firm or did you go to a bank ? different firms for different things? accountant from one place lawyer from another? what did your team look like? where did you start?

Win BIG - I could not even open a Bank Account for the $10 I won - they wanted at least $50 at the bank

I didn't think of that step.😅

Somehow it seems the people who win these things don't have a clue on what to do.

Yes, win first and don't take Financial Advice from a Lawyer.

safety deposit box do not cover if someone steals the ticket only covered $250,000

Really & sincerely appreciate you saving me 35 minutes of viewing this vid👍

@@stevebobamerican8635 you are welcome

Alias: Ted Nugent or Fletch if available.

@@briandrake6881😂

Yeah PRINT! Suppose I Woke Up In A Brand New Life The One WOMAN On Earth The Other Half In Person JESUS!...hmm..What The Immediate RAPE Of Our Face?

AMS89H is still extremely undervalued

Coinbase, OKX and Binance will list AMS89H very soon. We do not have much time left

undervalued project

I've heard lots of people from X and Facebook talking about this one

thanks for sharing, I just bought it

*and buy citizenship of two or three island countries with changed name and come back to USA as a tourist*

First I'm moving to Monaco and I'm looking for a good financial advisor there.😂😂

You need to move before you win the lottery! Most other countries don’t pay tax on winnings!! And for example, the country I live in…in all states you get the choose to remain anonymous & nearly every other country allows you to do the same.

@@user-ys2wj2mi8c you’d need the financial advisor before you move there

😂

I’ve always thought this would be the smartest way. People have totally different perceptions of those who (they think) earnt their money. Over those who won it. It also takes away people thinking to ask you for some if they think you made that money

This is a great idea!

But if you in a state where you have to announce it, there’s pretty not much you can do about keeping it a secret!

That's what I would do. Maybe a couple hundred k the first year. "Reinvest" and slowly start using more. Meanwhile, what you aren't using is just stacking up for later.

i'm claiming my money ss soon as possible. i'd be too worried that i might lose the ticket.

Just stop using it, or responding. And Turn off live location. no need to delete it. 😂 😂

simply you have another set who audit what they are doing or you could do like a hedge fund where several teams handle a portion of the money.

@@garyshan7239 : Many of these "professionals" walk in the same circles and belong to the same club.

The problem is that 98 % of lawyers give the other 2% a bad name.

@@bermudarailway: Perhaps 2% is being overly generous.

Be someone. If the lawyers friend is your friend he will go hard for you. Show up with a lottery ticket and he sees dollar signs. How about manage your own money?. Invest

Just curious. What not tell your boyfriend/girlfriend - especially if they are long-term?

Agree. Your spouse automatically will get half, but if things are contentious in any way, protect yourself.

​@TashaWashington A boyfriend or girlfriend isn't on the same level of being married. You don't know if they will try and set you up. And if the relationship was serious they would marry you. Also I would get a prenuptial.

money changes people. Be careful of who you tell, even someone you thought/think you know/knew well.

I disagree. Don't tell your spouse until all your I's are dotted and your T's are crossed. I heard a story about a women winning the lottery. She immediately told her husband she wanted a divorce and she didn't tell him she won. She was going to keep all of it. If she knows you won and she was ready to leave you then once the money is in hand she will be off to the races. I thought it was funny but it could be true.

If you didn’t associate with me before I was rich, I won’t know you after I am rich.

You claim your winnings on your taxes in the year you receive the money. I speak from experience.

Exactly

I like that. I actually do have an LLC.

Great ideas..

Or just don't tell your family ever. Ew.

I’m not telling family shit…you have to be Kidding

No way I am telling Family either ,I once told my sister I had managed to save £30,000 and she said straight away could she lend some, so no way am I telling anyone and defiantly not my family @@valeriewalkerwhite9525

I was thinking along the same lines of multiple burner phones. Then when my phone number is given out I can isolate who did it.

My family already kicked my ass to the curb, so I will be fine with the lottery I win.. I'm just lucky I can move about with less problems..

😂😂😂😂😂😂

oh to funny. Probaly alot of us think that way

faster than the internet 😂 my intermama for sure

Be sure to make final arrangements cause she gonna kill ew! Lol Old joke : There are 3 ways to get a message out - tele a phone, telegraph, tell a woman! Lol

Moms: tapping toes... thinking " now I can take that cruise lol "

Yeah I don’t see a reason to tell close family members, at least not right away.

I will become a ghost. Leave the country for a while.

😅

If that's how you would treat your own family members if you win the lottery.... Then just do it now... If you don't love any of them then just stop talking to them now and ghost them now.... Why wait till you win the lottery....

@@randallboone9375sadly I can see some of my family (mostly those with young kids) who might ask for money. Idk if my own brother and his wife would be among them

That was a PRIVATE deposit facility. A FDIC insured actual BANK should be safe.

And cali forces you to collect with your real name and posts it. No buisness entity or llc name

That business didn't require KYC and was suspected of money laundering for drug dealers and thieves. That's how the FBI got the warrant. Don't think they'd stand a chance of doing that too BofA..

What?

@@LakeGitcheGumee a bank was found by the gov of doing supposed fraudulent stuff so EVERYONES boxes were taken. And folks didn’t get all their 💩 back as the feds stole it/didn’t properly report contents/ ect. 🫨😢 some guy lost thousands of his gold coins I believe in that mess had I think 47 got like 23. 😭😭😭

Not in commiefornia, apparently

We are so fortunate here in Australia. We can buy our lottery tickets on an app. The gov.t cobtrols the lottery and offers free financial advice to all winners and van not disclose your information without written permission

DO NOT TELL ANYONE EVER‼️ REMAIN ANONYMOUS‼️ Everyone will treat you differently and you will be walking around with a target on your back for the rest of your life. The real danger and agita is not worth it. Help out as many people as possible anonymously and just be a secret Santa

The lottery will tell people your name

Put your drivers licence and some other personal ID with the Photo, Passport, Birth certificate, gun licence etc, personal stuff. I nearly had an issue this year where a temp at the Lotto head office took my claim (ALL staff were away on some corporate junket/conference) and the next day when I rang Lotto they knew nothing about it …….. be secure.

The meta-data embedded in a modern digital photo should suffice - contains your name, date, time, camera details, lens attached and much other stuff if it's set-up correctly, including GPS location for modern phones and high-end cameras.

@@blackbandit1290 Thank you, you are 100% correct, I did not think of this. In my case 100’s of thousands was at stake and it nearly went very very bad so I have become extra cautious

I Don't know where you live but here we do not have a so called Daily paper that is paper most have gone to digital just saying

​@@edwardnash7411 Still at most convenience stores. Here in DFW

did it work out for them

Yes that's the best thing you could do Let the lottery commissioner direct you to their own because it's cheaper They know what they're doing and half of the time you go and get these people that don't know what they doing they just out to get your money and eventually you'll your end up losing it all first of over here in Florida it's a little bit different..

Yeah, and Im sure the bank talked him into keeping the money in the bank earning next to nothing in CD interest and savings accounts.

​@@judyhernandez9636and have a whitey bulgar out there finding you.

My sister won 25M and after taxes, half was gone; she and her husband didn’t go crazy and they are doing well, enjoying life. No, I didn’t ask for any money and she didn’t offer me any. I’m cool with that.

You can do the same in the US, however it depends on the state you live in. Typically Liberal run states won’t allow you to claim anonymously.

Yes, many US states tho definitely not all.. allow anonymity.

@@Davido50 "many" = 18

@@blindleader42It's more than a few.

@@UstedTubo187 🤦‍♂

You will never need to work again even if you win just 1 million my son!!

You sound stupid.who wins the Powerball and keeps working the same job..I gotta get low immediately I'm worried about getting kidnapped all types shit you can stay put if you want 😂

Give them a weeks notice and work PT to hand off your work if want to be ethical? You can leave anytime. Just like they could fire you in a minute.

I doubt I'd quit my job with 1mill. Sure I could basically put it in a high interest account and do pretty well. I am pretty sure my state doesn't require you to disclose that you won.

​@@sandraschultz3104I know that's right! Lol

And a credit card.

The way around this is to use a credit card to secure the room .. but use cash at checkout.. Under most hotel franchises the CC will not be retained.. Also.. you can have a relative pay for the room.. personally I would take my RV to a campground and pay cash there.. you can even use a postal Money Order at many of them.

Yes, but they don't care if the name/initials you use match exactly.. And if you don't tell anyone, no one is doing credit card traces on you..

Of course, they do. I don’t know how u use an alias name.

You can request for them to put the room under a different name like, the Jetsons, Liam Neison etc 😂😂😂

Texas - probably because Texas has no income tax for anybody or anything

federal y😂s, state n😢. In Washington

You have to claim the ticket in the state it was purchased. So the up front winnings the state that has a tax on winnings will get their part of the jackpot. However, moving to a state that doesn't have income tax would be a smart move for the money you would make on investments after that.

Cant you move your income to those states then transfer them to yourself?

is a digital transfer.nobody gets cash

@@patriciozazzini3182 Ha ha.

How can u be sure the bodyguard is trustworthy and won’t let ur business be known ? It’s money and u can’t trust anyone to be honest.

@@patriciozazzini3182That is true. But someone upset you won could still try to harm you, even if there’s no money in it for you. Even if they think you have a few grand on you.

That's the whole point of his video.

and you will next more than 1 lawyer-a personal one who is a generalist ideally in a large enough firm they have the specialists you need like a tax attorney otherwise you need a separate tax attorney

Agree.

In New York when you go claim your money they tell u go get a lawyer which ironically there is a law firm across the street from the lottery 😂

Simple you go retain the big name lawyer at one of those law firms that is always in the news which some fat cat gets into hot water-use them to screen the lawyer you actually want to retain-Im talking your tax attorney. After your trust is set up and the money is in hand you can decide if the first lawyer is the one to keep as your personal attorney.

That’s one of the most important things - hiring trustworthy people. After all, the job description of a lawyer is “Hired Liar”

They do. They do it in the form of interest tax, or, the money that your money starts making whether its by interest they pay to you on the earnings, or, by the interest on your winnings as income from any source, as being a resident of tgat state. And it's assessed monthly.

The Elite status

Oh they do tax you winnings I won 13k once and they gave me 8k and change, they consider it an income

You also have to file it on your next tax return

​@@TomSwoleskiThey do not tax lottery winnings. Gambling winnings are different.

Wow!!! It's so funny you said that because I've had several people say something to me like: "If you win, we'll split the money". Although they were "joking," I would say, "No, we won't" and that would be the end of the conversation. Joking or not, I knew better not to indulge in such a conversation because I've always believed I would win the lottery one day and that'll be the first person who would try to sue me.

@@unknownunknown504 A nice stern "No." is easier to recognize on camera if it has no audio. 😀

@@fitybux4664 I agree

To claim a share of lottery winnings in New York you must have an agreement signed by both parties. To claim I promised to split it with you the lottery commission will ask for the signed agreement. No agreement, no split.

@@unknownunknown504😳👍

They can get a low interest, short term loan from a private bank that specializes in UHNWI. Or they'll be given a high limit credit card. Banks are more than happy to do so in order to establish a positive relationship with a newly minted multimillionaire. So the cost of a burner phone & hotel room aren't a big deal. Compared to tax pitfalls & sudden wealth syndrome, they're practically trivial.

I'll front you for a small fee bro

Believe me when u contact a lawyer they will be happy to advance you money for a fee !!

the poor winners just have to keep their mouth shut til they receive the money

If you have a winning ticket and gotten a reputable set of advisor one of them would arrange a bridge loan or loan it from their firm simply to ensure you kept them retained. The cost of all this could be done for 10k or less. And you only need to move when you start telling people which shouldn't be done til the money is in the bank anyway.

Get a gun safe with a sophisticated locking system and screw it into the concrete. Remember the combination. Put it in the safe deposit box.

I disagree. I think it's better to set up an anonymous trust and have the trust claim the winnings. If you sign the ticket personally your name becomes publicly available after you collect and you will be endlessly harassed. Anonymous trust protects your identity.

@33brtl Yes, but signing the ticket connects it to you. I assume, in perpetuity.

Right. If the ticket is signed, just go make the claim asap. The lottery doesn't care if you have a picture of it. They won't pay. You have to have the physical ticket. I definitely wouldn't tell anyone before I made the claim.

​@@karenwinston4084 I agree, I thought the lottery office only pay after the actual ticket is provided.

Right

Do not sign the ticket with your name but with the name of an LLC, INC or any other company or agency of your foundation. In other words a trust.

You do this when you first buy it lol

Wrong. The trust answer is the correct one.

Where do you find the side hustle course

I think your house is more likely to be robbed or burn down than a bank... And in this scenario there would be no recourse either because your homeowners insurance isn't going to cover those hundreds of millions. Also I think he was saying a safe deposit account because he was saying to leave your home for a little bit till things die down, and live in a hotel or Air B&B, which you wouldn't want to go back to your house to get the ticket where the media could be hanging out front.

If you die immediately after putting the winning lottery ticket into a safety deposit box, your heirs get it. If you had the ticket hidden somewhere in you house and you die, it will never be claimed. It's like hitting save on a game. Generally, safety deposit boxes are safe. (But yes, if it's for long term storage of things that are very valuable, you'll want to buy insurance on those things, maybe. The bank is not responsible.)

Yeah, but those robbers were FEDS. And if the FEDS are breaking into bank vaults and stealing from safe-deposit boxes, then what's safe?

wait-if you sign in your name that is the winner on record-if your state mandate you reveal your ID then you can sign it

The state and feds are theivs

He gives good advice in general all things finance.

hmmm, disagree..He is so wrong on taxes, he is wrong on first few items he posted. 1st take the photos of ticked along side of legal ID with photo. Not sure if I would take to safety deposit box unless I dont have a Fire proof safe in my house. you could do that the next day if you wish. Next get lawyer, I would suggest Tax lawyer. Also not all states require disclosure of winners. So this guy is not someone I would ever consult with on a lottery winning or much else.

@@reo7575 Why get a "Tax Lawyer," when one can get a Certified Public Accountant (C.P.A.) or Financial Consultant????? It's up to the individual Lottery Winner to make those decisions. Also, why would you want to draw attention to yourself getting a Fireproof safe in one's house right after you find out you've won the Lottery Jackpot????? One might just go ahead and place a sign in front of one's house stating "HEY! I just one the Lottery Jackpot and I have the Winning Ticket here in my house!"

⁠@@reo7575the lawyer has a conservative approach. Its not wrong though

Dam right leave the state 😂😂😂

​@shibamom607 short answer, you can't

I would leave the country.

So paranoid.

Definitely putting the ticket somewhere safe is important. Some people might not trust keeping it away from them, but others might accidentally lose it too. Definitely however talk to a lawyer (don't tell them you got the big winning ticket but a sizeable one is ok, like all but 1 number off), see if its legal to create a trust or LLC or something to accept the money in your stead and the lawyer can accept the winnings on your behalf. You definitely want to possibly avoid having your name and face plastered all over the place.

😂😂😂

🎶 To the beach side 🎶 my remix 🏖️😂

​@@floridadude8382 NOT the beachside remix😅😅😅😅😅

I am not quitting right away...because I can get all my medical stuff done and take advantage of my other benefits. It is gonna take at least 3 months to get my shit together. I ain't telling NOBODY BUT MF GOD!!!!!

No heck no nobody gets a percentage of my money 💰💰😂😂😂

Sarcasm, you gotta love it 😆😂

Definitely want asset protection once you get at that level, you will become a target to everyone.

Anyone who says "have a notary sign it," thinking that lends any more credence or import to it - is a DUMMY. There is NO LEGAL EFFECT to having something notarized...UNLESS it is actually a SWORN STATEMENT (i.e., an affidavit) and is REQUIRED BY LAW.

Anything is possible... there is no limitation or lack here on earth. We are energetic beings that can manifest anything we desire up through alignment of our emotions with our thoughts. Emotion is energy in motion. The intensity of your thoughts whether they be fearful, or high vibration instead.... is what will dictate the speed of what you receive in the physical everything has a frequency, your thoughts your words, illness, disease Etc Money is just a frequency as well. You have to get on the vibrational frequency of that which you desire without doubt or resistance at all, in your mind body or spirit...... and get out of your own way ;-)😊 I've manifested cars, free cruises, my most recent apartment with amazing sunset views of the Hudson river, I manifest excellent health everyday, a great neighbor and landlord, manifesting money is not difficult either, assistance from people if I needed it, food has shown up when I needed it, all sorts of things. Blessings Galore, we must sit in gratefulness as often as possible, but it must be felt aligned in mind body and soul. It's sitting comfortably in the feelings of having what you desire, knowing that you have already received it. Similar to an imagination kind of game. You must make it real for yourself. Adults get programmed out of how to do this , because there is nothing to fear and yet the world programs them for negativity and fear or lack. Abraham Hicks is a great teacher and Jake Ducey is another easy one to follow❤

But you actually did mention the key word..... fun! It's having the mind of a child, when it comes to manifesting, it's meant to be fun and playful and light. Not heavy or fearful or negative or doubtful. The universe will not respond to that, it will however, always give you that which you focus on the most❤ that's why you cannot talk about what you don't want because the universe will send you more of it. You must focus on what you do want😊 And when you said that everyone thinks about it..... that's why it doesn't manifest for them. You have to do more than just think about it, you have to FEEL it...

Well maybe not you.

Unless you do win.

People win, just not millions.

State by state rules. For instance California doesn’t allow it to be claimed in the name of a trust.

Also you can only take the lump sum in the first 60 days after the draw

Damn

@@BeachLife66 I think Notth carolina you can do a trust , but not a blind trust. Wich your name is still going to come out eventually. But gives you time for a little peace.

screw tjhat when you get all the advisors hired and trust formed. winnings in the bank then pay the taxes hold back the federal taxes they dont take out right away-invest those in t-bills so you make 5% or so until those taxes come due. Now you take 10% of your net winnings and thats your blow it money and money you buy mom a house or pay off the place she wont leave. The remaining money you just travel on-those advisors have your number. Anyone needs to call you they leave a msg at the lawyer who passes it on to you.