What would you do with a windfall? It’s a question I’ve read or heard a lot lately. Considering the Mega Millions jackpot grew north of $1 billion a few weeks ago before there was a winner, it’s safe to say most of us have thought about what it would be like to win.
While winning the lottery is far from likely (odds for that $1 billion+ jackpot were something like 1 in 303 million), it’s never a bad idea to consider what your future may bring. After all, a windfall isn't limited to lottery winnings; inheritance, property sales, employee stock options, business sales, investment returns, and gifts can also qualify.
Here are some tips to keep in mind, should you come into a windfall:
Are you actually likely to win the lottery? No. But it never hurts to be prepared for a lucky day.
1.02 Billion Reasons to Be Prepared
August 31, 2022