I just won the state lottery but I am a guy and as everyone knows, guys don't know how to spend money We just arent any good at it. What do I do?
2006-11-19 23:47:34 · 10 answers · asked by Lots of money but no sense 2 in Social Science ➔ Psychology
hey hey hey i need some money lol . save it
2006-11-19 23:57:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are in America...first divide the money up and put a portion into several different banks. Then pick your favorite bank, and buy US Savings Bonds. At today's maturity rate, the amount will double in ten years. Next, pick your favorite (reputable) company or companies, and purchase some shares of stock. You'll need to do your research to make sure you pick a high dividend stock. Stay away from CD's and Money Market...too risky. DO NOT give your money out freely to "friends" and "relatives". It is YOUR money and NO ONE has a "right" to it except you and your spouse and children. Good luck!
2006-11-20 08:00:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Er... Girl or guy, not knowing how to spend money is a universal problem.
What I would suggest is saving some away for rainy days.
As for the others, indulge or invest or both. It's yours to do what you wish.
On a brighter note, you can also use it to help someone in need... Not all at once but in some way.
2006-11-20 08:50:32 · answer #3 · answered by Studier Alpha 3 · 1⤊ 0⤋
Invest!!!
You can take some of it and splurge...get some things for yourself and your family & friends. But use the majority for savings and investments. According to how much you won, you can invest in it and live off its interest! Get a good financial advisor to help you make good decisions for your FUTURE.
PS. Let the advisor HELP you make the decision, not make the decision for you!
Good luck!
2006-11-20 08:00:00 · answer #4 · answered by ludacrusher 4 · 0⤊ 0⤋
Save it in Swiss Accounts so they dont get touched...the invest thing sounds good to and so does the financial adivsors.
2006-11-20 08:31:22 · answer #5 · answered by keith_boi2000 2 · 0⤊ 0⤋
Get a reputable financial advisor and plan for the future!
2006-11-20 07:52:28 · answer #6 · answered by laneylou 2 · 0⤊ 0⤋
Just keep on BSing at YA.
2006-11-20 07:50:01 · answer #7 · answered by tumbleweed1954 6 · 0⤊ 0⤋
Hire me as your "Accountant" I am very honest, trust me!
2006-11-20 07:53:41 · answer #8 · answered by ghostguff3 2 · 0⤊ 0⤋
invest them dude...and watch them grow.....
2006-11-20 07:55:32 · answer #9 · answered by jcol 2 · 0⤊ 0⤋
I'll manage it for you, not to worry. ;o)
2006-11-20 07:52:42 · answer #10 · answered by golden oldy 5 · 0⤊ 1⤋