Here’s a fascinating thread on Reddit where a $20 million lottery winner was casually fielding questions, as long as no one probes for his identity.
Unlike most lottery stories I hear which tend to follow a tragic rags-to-riches-to-rags cycle, he seems to have a proper noggin on his shoulders.
He hired a lawyer, set up a blind trust, took the lump sum and paid off all his debts. Now his self-described pastime is travelling the world and buying drinks to people he’s met. He still keeps fiscally conservative – he flies coach, uses a rewards credit card, and keeps modest mutual fund investments.My favourite question:
Question: How did you invest [your winnings]? Answer: a full time financial advisor who is in turn monitored by a full time accountant… who is then audited in secret by a team of auditors.He also got a vasectomy, to avoid any costly “accidents”.