What If You Won the Powerball Lottery?

January 15, 2016

As I type this, the Powerball lottery jackpot stands at $1.1 billion. Yes…that’s BILLION with a B: 1,000,000,000 – nine zeroes. As a CERTIFIED FINANCIAL PLANNER(TM) professional, I can attest to the fact that that’s a whole bunch of money! It’s fun to listen to the radio and hear what people would do with that kind of windfall. As with almost everything, there is both good and bad to what could be viewed by most people as an all good scenario.  Continue reading “What If You Won the Powerball Lottery?”

Found Money Can Be a Blessing or a Curse

March 14, 2014

As I write this, there is a lottery jackpot in excess of $200 million that has people lined up to buy tickets.  Someone (or maybe a few people) will walk away with way more money than they ever dreamed of having. Sometimes, that can be great. Sometimes, not so much.  Continue reading “Found Money Can Be a Blessing or a Curse”

Why It’s No Shocker When Athletes Go Broke

March 08, 2013

As a sports fan, I see a lot of sports–related items in the news, on Facebook, on my Twitter feed…all over the place.  Not too long ago, ESPN aired a special called “Broke” about athletes that earned tens of millions of dollars during their careers who are now completely broke.  A lot of people have expressed a bit of shock and disbelief that someone who earns $10,000,000 or more in a short career can have nothing left just a few short years after their playing days are over. Continue reading “Why It’s No Shocker When Athletes Go Broke”