475: Learn why Mark Cuban's advice to put all of your winnings in the bank is the wrong move and what you should do.

This is Part 3 of my Lottery series of podcasts.

Part 2 received HUGE downloads, so thank you!

The article is here: https://www.cnbc.com/2018/10/24/mark-cuban-to-lottery-winners-dont-invest-the-money.html?recirc=taboolainternal

I disagree with putting it all in the bank, because FDIC coverage is limited to $250,000 per bank, per depositor.

The bank does not always have a broad selection of investment options.

There's so much that doesn't make sense in this article, I suggest you listen to it to hear all of my concerns!

If you want to know what I think you should do with a large amount of sudden wealth, go to podcast #429, "7 Ways to Maintain Your Sudden Wealth" and #75, an earlier podcast I did about sudden wealth. You'll have to go to my website for #75, at http://lindapjones.com.

Wealth requires knowledge + action.

Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"

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