If I ever win the lottery, the first thing I’m going to do is hire a lawyer to handle 100% of the transactions, thereby keeping the fact that I won completely anonymous from the public eye. I might even hire three lawyers, in layers, in case one or two layers are penetrated.
Next will be a a CPA to minimize the taxes, a CFA or CFP to help me put it where it’ll bear the greatest after-tax returns throughout my expected lifespan.
Finally, I’ll hire both a sports nutritionist and a personal trainer to help me maximize both the length and quality of my lifespan, and that’s all BEFORE we receive the check.
That’s what I’d do with the initial proceeds from my lottery winnings. Then, the work begins:
- Physical: At the gym every day
- Mental: Going back to school to finish my masters and considering finishing my undergrad in engineering (I have a B.S. in Finance) followed by graduate-level work in engineering or related technical field.