This article in USA Today is kind of discussing the $590 Million powerball lottery, but the personal finance ideas apply to any kind of life changing cash prize:
http://www.usatoday.com/story/money/business/2013/06/05/florida-powerball-590-million-financial/2393317/
Just remember that many of these lottery winnings also give you the choice of a 20 year annuity for the full amount or a lump sum equal to 50% of the prize. Warren Buffett’s investing plan of “Point Number 1 – don’t lose money, Point Number 2 – see Point Number 1!” applies here, regardless of the amount of the prize.
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