What is the Lottery Secret?
Recently there was a Multi State lottery winner for jackpot of $180,000,000.00. Wow is that amazing? What would you do with $180,000,000.00 dollars? Buy a new house, car, boat or a small country?
Hold on their Brewster. Those millions are not what they seem to be. There is a secret to that advertised Jackpot. If you want the full advertised amount of the Lottery Jackpot you have to take the payments over time. To get the full 180 million you will have to take the lottery payments in a form like an annuity or structured payment stream.
That is 6 million a year and is not a bad way to go. None of this is bad just a little bit of smoke and mirrors.
Why the smoke and mirrors and secrets? Fantasy, is the answer. We are more likely to put down one or many dollar(s) on a 180 million dollar fantasy then a 59 million dollar fantasy. That is the amount the winner walked with after taking the present lump sum cash value from the state. So there you have it and now “what would you do with a many million dollar lump sum of cash?”
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