He Hit the Lottery and Called His Advisor First

What this episode covers

Sudden wealth is exciting and overwhelming. Mike Longo and Chelsea Davis break down what to do when a big check hits your life, whether it’s a lottery win, a business sale, or a year-end bonus. They compare lump sum, installments, and present value options, explain how tax withholding can hit up to 24 percent, and map out a simple plan that balances near-term needs with long-term security. They also talk mindset, family pressures, and how having an advisor helps keep emotions in check when opportunity strikes.

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Frequently Asked Questions

How long is this episode of Business Casual?

This episode is 39 minutes long.

When was this Business Casual episode published?

This episode was published on October 10, 2025.

What is this episode about?

Sudden wealth is exciting and overwhelming. Mike Longo and Chelsea Davis break down what to do when a big check hits your life, whether it’s a lottery win, a business sale, or a year-end bonus. They compare lump sum, installments, and present value...

Can I download this Business Casual episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.