Jim Fain of Central Georgia said he felt a sense of relief after winning $1 million in the lottery several years ago. He said winning this amount is great, but it doesn't mean you are set for life.Read More
It should be a compulsory training course for budding lottery winners, because without the proper spray of champagne at the photoshoot you could be wasting everyone's time. There are a lot of important officials waiting for you to do it correctly so they can get back to their cubicles and prepare the lottery for the next winners. This video explains it all in layman's terms, and you'll be in demand as a trainer yourself if you're any good.
So your multi-million dollar win is sitting in the bank and you're pretty happy about everything right now. But then your finance manager taps you on the shoulder. "I think there's something you should know..." she says. Forbes.com looks into a winner's money and comes out with some surprising options for you.
It’s easy to get excited about your win and forget the important parts that could affect your whole life. Good advice that’s still current in this 2012 interview by CBS News with lawyer Jack Ford.