Quote:
Originally Posted by Minnie
My cousin just won a hospital lottery dream home, along with a whack of cash, a car, and a whole bunch of other stuff, totalling just under $3.25M!!! I'm so happy for her. She's had a very tough life and worked incredibly hard to get where she is today, away from all the awful stuff. I am so thrilled to see something so great happen for her and her family, she deserves this so much.
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Makes me happy to hear someone in need has benefitted.
Hopefully she has a good handle on financial management and good choices to manage such a windfall. Sadly there’s a lot of history where large dollar winners can’t manage it and within a few years don’t have much to show for it. I would highly recommend an independent financial advisor and MOST DEFINITELY NOT some random person at a bank.
With such a bump on net asset value there’s no reason they can’t manage this and be able to sustain a long life taking out nearly 6 figures annually AND leave multigenerational wealth.