Oct 26, 2018
475: Learn why Mark Cuban's advice to put all of your winnings in the bank is the wrong move and what you should do.
This is Part 3 of my Lottery series of podcasts.
Part 2 received HUGE downloads, so thank you!
The article is here: https://www.cnbc.com/2018/10/24/mark-cuban-to-lottery-winners-dont-invest-the-money.html?recirc=taboolainternal
I disagree with putting it all in the bank, because FDIC coverage is limited to $250,000 per bank, per depositor.
The bank does not always have a broad selection of investment options.
There's so much that doesn't make sense in this article, I suggest you listen to it to hear all of my concerns!
If you want to know what I think you should do with a large amount of sudden wealth, go to podcast #429, "7 Ways to Maintain Your Sudden Wealth" and #75, an earlier podcast I did about sudden wealth. You'll have to go to my website for #75, at http://lindapjones.com.
Wealth requires knowledge + action.
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