What To Do If You Win The Lottery

This past Tuesday, the Mega Millions jackpot became the third largest jackpot in the history of the game with the winning prize at $548,000,000.  The Powerball and Mega Millions combined was almost $1,000,000,000!  That is a jackpot which will permanently change lives, and it is the largest Mega Millions prize since 2013 when $648,000,000 was split between two winners in California and Georgia. Yes, Georgia!  The record jackpot happened in 2012 and was split between three winners.  Whether you win the lottery, get an inheritance, or receive a windfall, there are important steps you need to know to make sure you plan your finances correctly.  With the jackpot being so high, here are my tips what to do if you win the lottery. Make sure to sign your ticket– The last thing in the world you want to do is to lose or misplace the winning ticket. You should sign the back of the ticket and then make a couple ...

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Talking About Lottery Winnings

– Ted Jenkin | Atlanta Money Guy Topic: Talking About Lottery Winnings Taped 7/05/16 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Talking About Lottery Winnings with Ted Jenkin

– Ted Jenkin | Atlanta Money Guy Topic: Talking About Lottery Winnings Taped 7/05/16 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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You Lost $24 Billion In 16 Days Mr. Government?

According to the USA Today (10/18/2013), the 16 day Government shutdown cost the economy jobs, delayed mortgages, and lost retail sales.  The numbers aren’t fully in yet, but it is purported to be at least 12 billion dollars and possibly as much as 24 billion dollars for the stalemate that took place in Washington, D.C. over the past several weeks. As a 22 year veteran financial advisor, you don’t advise someone to take out a Target store card right after they have maxed out their Sears and Nordstrom store cards.   We all know that piling up lots and lots of credit card debt is simply an unsustainable way to manage a financial budget.  What we all don’t know today is when the balloon will burst. It’s not a smart money move to lose 12 billion, let alone 24 billion, but I’ve come up with my list of things that we could have done with 24 billion. We could have handed ...

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