Smart Financial Steps from the $425 Million Powerball Lottery Winner

lottery winner
The winner of the Powerball lottery stepped forward to claim his $425 million prize he won against the odds, but he didn’t do it in the way that many who win the jackpot do. In fact, he did it exactly the way all those who win the lottery should. If you ever find yourself in the lucky situation of winning a huge amount of money, take some notes from B. Raymond Buxton. The steps he took after winning the lottery give him a good chance of keeping his new-found fortune long-term, and not becoming one of the many winners that later have to file for bankruptcy. Here are some of the smart steps that he took.

He Kept It to Himself

Upon realizing that he had won, he didn’t go around tel

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2 Responses to Smart Financial Steps from the $425 Million Powerball Lottery Winner

  1. michael says:

    It’s always good to see that someone with at least some financial sense as a winner. This really could be life changing and do a lot of good with proper investing, and the fact that he is setting up a charitable organization is a great sign.

  2. Gailete says:

    It is sad that so many winners are broke and bankrupt within a few years so I hope all goes well for him. Those that are poor before winning don’t generally have the skills to handle that kind of money on their own, I suspect, and soon find that it is gone. Especially if they only win a million or two. That still sounds to many ears like a huge amount of money, but after taxes you have enough for a new car and a new mini McMansion (average cost $250-500K a few treats and gifts for the family and it is gone and they can’t even afford the property taxes on their new home.

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