Shark Tank's Billion $Dollar Advice To Lottery Winners

Here is what you should do, 1 Hire a team of Attorneys 2 Direct those Attorneys to file a restraining order forbidding the winners name being disclosed. Yes, It can be done with the right court arguments. 3 Completely disappear from where you live and hang out. 4 Don't bother to try and make money, focus on keeping what you won. 5 Consider how long you may live and only spend half the amount divided by the number of years you will live. No more. The other half of the remainder split into halves and you can invest in gold silver and real estate and other hard assets, and the other half in soft market investment such as stocks and bonds and other investment instruments. Don't trust anybody without doing your own homework and controlling the bottom line yourself. Don't hand the keys to your wealth to other in hopes they won't rip you off, because they will. Live modestly and never tell anyone of your real wealth unless it is absolutely necessary.

I would tell nobody, not friends, not kids, not one single person.

O'Leary's advise makes the most sense to me. Invest a portion of the money in low risk bonds and spread the rest over 3 big banks.

Totally agree with laying low in the beginning. The idea is try to get used to having all that money and NOT blowing it on every whim. If you start too soon, it could lead to an avalanche of spending.

The scariest and most stressful part of having all that money is finding a place to put it, because the banks will only insure 250k of it. id personally go back to school and take finance classes

Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

The main thing I will do is to remain anonymous since my state allows me to do so. I will tell no one other than my wife. Under no circumstances will I tell my children because I don't want them to think they are entitled to anything. I will not spend any money for at least one year. Next, assemble my financial team and protect it from taxes. I will start an LLC for future generations for my family. After one year, I will do some traveling across the globe. I will make a few charitable contributions to organizations that I deem worthwhile that make an honest effort to mankind.

I absolutely would not wait a month or year to buy anything. No one knows when they will pass away, so I would enjoy that money as soon as I could. The first thing I would do is set a budget for what I'm planning to save, give, and spend over time. I'm not a fancy car-designer clothes type of person, but I would travel to all the places I ever wanted to go.

Only thing I want is a house and everything else is secondary.

This is not a financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

Fun to imagine, Every time I buy a lotto ticket, I am helping someone else become rich.. cheers and good luck to all yous guys out there..

In most states, only was to claim your prize anonymously is thru a Blind Trust. Many states allow this. Ohio had more prizes claimed by blind trusts than any other state.

How do you find trustworthy lawyers, financial advisor, and tax advisors.

Being that I live in a anonymous state, 1/2 the battle is won. There other half is that I’m an only child and not married so I don’t have to worry about telling anybody; except maybe my plants that I talk everyday 😂🎉❤

Putting millions in the bank has got to be the dumbest idea ever!!

I like Damon John's advice. You can bet those same people will be hitting you up for money after you win. Good way to vet real friends and family

0:42 Kevin O Leary 3:41 Barbara Corcoran 6:53 Lori Greiner 8:11 Kevin Harrington 10:15 Mark Cuban 13:39 Robert Herjavec 14:48 Daymond John

Never keep more than $250,000 in any single account. That’s all you are insured for.

Thank you for teaching me to be wise, equipped, and all smart when the jackpot happens.

I'm with mark Cuban, I won't invest my money as I have no idea how the financial world works and I'll probably be paranoid 😂