If you win the jackpot, what would you do in order not to go broke or bankrupt

Reply #34

Brock Lee — Wed, 02 Sep 2026 02:34:25 GMT

writing someone a check and telling them to go f themselves is only going to draw more attention. you live so close to the border with nj where you can stay completely anonymous forever, i don't know why you would ever buy a big jackpot ticket in philly where the state lottery would identify you.

Reply #33

wander73 — Tue, 01 Sep 2026 23:11:50 GMT

my first reaction is I know nothing. be careful who you surround with. you owe nobody anything.

if someone wants something then write a quick check and tell them to go to you know where. hide the money away.

Reply #32

Artist77 — Tue, 01 Sep 2026 22:10:43 GMT

Agree 1000%. I did that when I started my career and it is kind of scary how much one can make investing there.

Reply #31

FrostyGambling — Tue, 01 Sep 2026 21:45:18 GMT

Invest in the S P500.

Reply #30

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Reply #29

rcbbuckeye — Mon, 31 Aug 2026 17:59:58 GMT

Didn't read all replies because the answer is simple. Don't spend all the money you win. Invest it.

Reply #28

Coin Toss — Sat, 29 Aug 2026 23:54:43 GMT

True but when it comes to huge lottery wins the sudden wealth syndrome kicks in and it is a very different situation than winning $2,000. I have no doubt that winners of large amounts that have shared winnings with others get this: Hey man thanks for sharing your prize with me but I blew it all but you've still got multi millions so how about giving me a few million more

Reply #27

Albert Bundy — Sat, 29 Aug 2026 22:06:13 GMT

I think there are 2 types of winners...

One type are people who have a history of going broke and financial distress.

The other type are people who have maintained steady finances, even if modest, and have a history of frugal positive cash flow.

The first type if ever receiving a $2,000 cash gift, the instant reflex is to spend it.

The second type, if receiving a $2,000 cash gift, the instant reflex is to put it in the bank.

Reply #26

Slater1Smith — Sat, 29 Aug 2026 21:16:58 GMT

On of my favorite 'pet' topics for my wife and I.

First rule: You do not talk about winning.

Second rule: You DO NOT talk about winning to anyone.

Seriously.

Unless it is some ridiculous amount that is nearly impossible to hide -- think $20M+, otherwise - SAY NOTHING.

Unless you want your personal life and relationships to implode.

I've seen it first hand. People cannot contain themselves. Some can - but the ones who can, contaminate the rest.

Reply #25

JustMaybe — Fri, 28 Aug 2026 02:00:11 GMT

Reports show that Approximately 3.4% to 3.7% of American households possess a net worth or financial assets of $5 million or more, though having that specific amount in purely liquid investable assets is rarer .

In short it's not some people it's most of the people, more than 96% of the population don't have $5M in cash,

Reply #24

ddude003 — Fri, 28 Aug 2026 01:09:13 GMT

What would you do in order not to go broke or bankrupt?

Stay away from Professional Money Managers and other professionals that want to help ...

Now that you have some money you can take your time to learn about the various investments and strategies...

Diversity is your frenenmy...

Reply #23

JustMaybe — Thu, 27 Aug 2026 22:46:01 GMT

Let's say I win the Mega Millions jackpot on 8/28.

After tax I take home some 39M.

I put that in a 12 month T.Bill, current rate is 4% PA.

I have $936K after taxes. Divide that amount by 2 and reinvest the $468K for inflation.

Now I have $39K to spend every month and I only need 10K a month.

After 12 months I move the money into stock ETF and have 10% in T.Bills

I would never be broke again.

May the jackpot locate me soon

Reply #22

Prob988 — Wed, 26 Aug 2026 19:22:26 GMT

Diversity in all things.

Reply #21

Artist77 — Wed, 26 Aug 2026 19:01:32 GMT

I agree. One would also be surprised at the number of grifters in upper middle class neighborhoods as well who troll for money for alleged charities on neighborhood fb pages. Of course they want the money sent via vemo to them directly. Upper middle class neighborhoods hide all kinds of people.

Reply #20

jjtheprince14 — Wed, 26 Aug 2026 14:41:34 GMT

Live an upper middle class lifestyle even on a $800 million Mega Millions win.

Not having 5 mansions, a fleet of 50 cars, and a yacht is how you keep that jackpot.

Reply #19

Stat$talker — Wed, 26 Aug 2026 10:24:43 GMT

tax liabilities and set aside that amount and be prepared to pay on or before April 15.

Wit the average Lottery Jackpot in the 100'z of Millionz, Uncle $ am gitz hiz cut immediately off the Top ...b4oooor You git anythang...which izz uzually around 37%... Sooo, there are just some relativez, ya neeavah git rid of...that shoowez up at Yo big bash whetha ...

INVITED or NOT

To keep you from

Workin 9 to 5 ( - Dolly Parton )

-Stat$talker

Reply #18

Tone43 — Sat, 22 Aug 2026 16:18:52 GMT

I can see your point about absolutely tragic versus almost tragic

but I still have hope that people can learn quickly

Reply #17

HoLeeKau — Sat, 22 Aug 2026 12:13:10 GMT

I've always been good with money, and I've finally learned how to say no. I wouldn't need any other strategies to avoid going broke.

Reply #16

Lotto Motto — Sat, 22 Aug 2026 03:04:47 GMT

I think you got absolutely, confused with almost, in your post.

Reply #15

grwurston — Sat, 22 Aug 2026 00:16:18 GMT

This is why it can be a good idea to take the annuity. You can't blow through the entire jackpot in a couple of years on crazy impulses and you'll get another check every year. In a way it's a steady paycheck.

Now if you're going to take the cash be careful, because as the Styx song lyric goes:

I got dozens of friends, and the fun never ends

That is, as long as I'm buying

Reply #14

Tone43 — Fri, 21 Aug 2026 22:53:40 GMT

There are some people who win the jackpot that has never experienced that amount of money at one time ever in their life

so for them to think about legalities is beyond them

it's almost tragic if you think about it

Reply #13

Stack47 — Fri, 21 Aug 2026 20:37:59 GMT

It's not one size fits all and unless the winner already has an accountant, lawyer, banker, and a broker, it's probably better to not make huge expenditures. Read where many people say they will put together a team of experts without having a clue of what each of their experts are going to do. IMO the best advice I read is to know the tax liabilities and set aside that amount and be prepared to pay on or before April 15.

Reply #12

CDanaT — Fri, 21 Aug 2026 15:43:12 GMT

Thanks for the IntraFI network info hypersoniq.... Something for me to take a gander at..... Of course this depends on how much I net. Should we be considering a $50 - $70 million take home or are we talking $5-7 Million ?? Ensuring a safe investment portfolio getting a return of 3.5% would be more than sufficient. Age and years left on the planet are the big consideration. What would be a reasonable amount to live off ?? Perhaps $150 - $200K per year for the next 25 - 30 years would probably ta... [ More ]

Reply #11

hearsetrax — Fri, 21 Aug 2026 15:37:21 GMT

paranoia is both a good thing and a bad thing, especially if you let it run your life

Reply #10

Linterna — Fri, 21 Aug 2026 14:55:59 GMT

Some people would want your money so you have to be careful, so might even have to be careful of your family, not all people are good people, some people do evil things for money, power and to own things, including to own people, the money should be put in safe keeping in some good way or ways and there should be safe guards, because some people would want to separate your money from you, even your life might not be safe, maybe the fewer people who know that you have money, the better, the best

Reply #9

hypersoniq — Fri, 21 Aug 2026 14:25:36 GMT

First thing, stats is right on this one... deal with the taxes. Know how much you are really working with before spending a dime.

Second is FDIC insurance, your bank account only offers FDIC insurance well under the amount you would be depositing... enter the IntraFI network... they have 2 programs that can work together to make sure you are fully insured AND help curb the spending impulses... first is intrafi cash... this creates multiple accounts at multiple banking institutions that you h... [ More ]

Reply #8

Tone43 — Fri, 21 Aug 2026 14:14:15 GMT

The point that I was trying to make is that when people win a jackpot, they become overwhelmed with that amount of money , and pretty difficult to calm yourself to get common sense on how to handle that sort of money

Reply #7

noise-gate — Fri, 21 Aug 2026 05:35:55 GMT

* That sounds about right.

Reply #6

Stack47 — Fri, 21 Aug 2026 04:51:21 GMT

the exact 70% figure is an informal estimate lacking rigorous scientific backing.

Sort of like jackpot envy when people that probably never cashed a $500 pick 3 straight thicket that have advice on what a huge jackpot winner should do. However there are several examples of jackpot winners like Whittaker and Edwards that did lose most or all of it.

With large jackpot odds of almost 300 million to 1, it's probably better to make plans on how to spend a $600 windfall.

Reply #5

Brock Lee — Fri, 21 Aug 2026 03:36:49 GMT

do some weird throat noises to go along with the creepy smile, maximum effect.

Reply #4

Coin Toss — Fri, 21 Aug 2026 01:28:39 GMT

hearsetrax, Sadly some of those positive people would be positive about putting the bite on you.

Reply #3

Stat$talker — Thu, 20 Aug 2026 21:15:01 GMT

lottery winners go broke or face severe financial distress within a few years

1st, git that pesky relative UnClE $ aM outta my hair..

Spread the remainder out in a diverse Investment portfolio,..live donate off the interest...

Ingrain in my head that some thangz are still ..

UNA 400 .RDABLE

-Stat$talker

Reply #2

hearsetrax — Thu, 20 Aug 2026 20:58:48 GMT

for me,

it'd be about surrounding myself with positive people and starting each day bright eyed a smile that creeps other people out

Reply #1

Tone43 — Thu, 20 Aug 2026 20:31:24 GMT

I personally would make friends with other jackpot winners and start a support group in order not to go crazy and spend everything I have

If you win the jackpot, what would you do in order not to go broke or bankrupt

Tone43 — Thu, 20 Aug 2026 19:18:03 GMT

Frequently cited estimates claim that about 70% of lottery winners go broke or face severe financial distress within a few years, while more conservative figures suggest roughly one-third (33%) eventually declare formal bankruptcy. However, financial researchers note that the exact 70% figure is an informal estimate lacking rigorous scientific backing.

what strategy do you have

if you win a jackpot

in order not to go broke or bankrupt