Inglés - B2.3 - Won the lottery? Here's why you may need a therapist
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Inglés - B2.3 - Won the lottery? Here's why you may need a therapist

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@ComplementaryJudgment

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Questions and Answers

What does financial adviser Robert Pagliarini suggest for lottery winners?

  • To spend all their winnings on luxury items
  • To get a team of experts in place, including an attorney, tax expert, financial adviser, and possibly a therapist (correct)
  • To donate all their winnings to charity
  • To invest all their winnings in a single asset

    • What should the winner of the Mega Millions lottery do with their winnings?

  • Spend it all on lavish vacations
  • Pay off any debts and then invest in assets that generate income or appreciate in value, such as stocks, real estate, and bonds (correct)
  • Donate it all to charity
  • Keep it all in a savings account

    • Why is it important to distinguish between assets and liabilities when making purchases?

  • To make sure the winner can buy whatever they want
  • To avoid overspending (correct)
  • To invest in assets that generate income or appreciate in value
  • To donate to charity

    • What should the winner of the Mega Millions lottery do before making any significant purchases?

    <p>Consult their team of experts</p> Signup and view all the answers

    What is an example of an asset that the winner of the Mega Millions lottery should invest in?

    <p>Real estate</p> Signup and view all the answers

    What should lottery winners who do not win enough to retire on consider doing?

    <p>Invest in a business they have expertise in</p> Signup and view all the answers

    What did Neal Wanless, who won $230m, invest in?

    <p>A 50,000-acre ranch which was a great investment according to Pagliarini</p> Signup and view all the answers

    What did the Hancocks, who won £1m, start with their winnings?

    <p>A fish and chip business</p> Signup and view all the answers

    What is an example of a fun purchase that lottery winners may consider?

    <p>All of the above</p> Signup and view all the answers

    Has the winner of the Mega Millions lottery been named?

    <p>The winner has chosen to remain anonymous</p> Signup and view all the answers

    Study Notes

    • A Maine resident won the $1.35bn Mega Millions lottery jackpot after 25 draws with no winner.
    • Financial adviser Robert Pagliarini suggests getting a team of experts in place, including an attorney, tax expert, financial adviser, and possibly a therapist.
    • The winner should pay off any debts and then invest in assets that generate income or appreciate in value, such as stocks, real estate, and bonds.
    • It's important to distinguish between assets and liabilities when making purchases.
    • Sometimes lottery winnings are not enough to retire on, and winners may consider investing in a business they have expertise in.
    • There is room for fun, but the winner should consult their team before making any significant purchases.
    • Previous lottery winners have donated to charity, purchased real estate, and started businesses.
    • Neal Wanless, who won $230m, invested in a 50,000-acre ranch that was not a great investment according to Pagliarini.
    • The Hancocks, who won £1m, started a fish and chip business with their winnings.
    • The winner of the Mega Millions lottery has not been named.

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