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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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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?

Consult their team of experts Signup and view all the answers

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

Real estate Signup and view all the answers

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

Invest in a business they have expertise in Signup and view all the answers

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

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

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

A fish and chip business Signup and view all the answers

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

All of the above Signup and view all the answers

Has the winner of the Mega Millions lottery been named?

The winner has chosen to remain anonymous 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.