198-What Would I Do If I Won the Lottery?

I received a question from a listner which I decided to answer for you on today's show: Joshua: So, this is a "fun question" that everyone loves to fantasize about. I hope it will be fun for you to answer, but it could have a really boring answer, but I'm sure you'll surprise me somehow!  What would you do if you won the lottery? As a financial planner, what advice would you give to a client who had won the lottery? What would the most optimal tax strategy be? Do you take the payments or the lump sum? Would the up-front tax hit be worth it for the long term capital gains? -Micah So, today I tackled the question! Be prepared...my answer is a bit different from many people's answers to this question. I do share very specifically with you what I would do. I share what I would buy and what I would invest in. But, I felt it was important to go ahead and address a few of the reasons why I feel the way I do. This show is very personal to me and it involves a lot of how I see the world. I hope you enjoy it! The show is divided into three parts. Feel free to pick and choose if you want to, but give it a shot listening straight through: The first 47 minutes of the show are about lotteries in general and why I'm not a fan. Starting at 47:00, I share the underpinnings of my worldview and the framework for how and why I handle money. At 1:41:00 I share specifically what I would buy and what I would invest in. Enjoy! Joshua End the Government's Lottery Monopoly - Daily Beast History of Gambling in the United States 2,350 Bible Verses on Money Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron