Dallas Mavericks owner Mark Cuban has some interesting advice for the next Powerball winner.
With a chance to win over a billion dollars, everyone in America has lottery fever. Lines are out the doors at places that sell lottery tickets and it’s turned into a chaotic scene like nothing ever before seen.
Everyone wants their chance to take home the big jackpot and instantly become one of the richest people in the country. With a lot of money comes great responsibility and many lottery winners have lost their fortune because of not investing wisely or being smart with their money.
With someone potentially set to become a billionaire after Wednesday night, Dallas Mavericks owner Mark Cuban has some advice for the next winner of the Powerball. While many would say to invest the money, Cuban says do the opposite and not risk any money to any bad investments.
Speaking to the Dallas Morning News, Cuban explained why it wouldn’t be safe for the Powerball winner to invest their money. He also provided several other tips for what the lottery winner should do with the money, but his stance on investments was certainly the most interesting.
"You don’t become a smart investor when you win the lottery. Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money."
Guys like Cuban didn’t make their fortunes without making smart decisions. While he’s certainly made a lot of great investments in his career, he also is smart enough to know that the Powerball winner probably doesn’t come with the same business and investment savvy as he does.
When it comes to money and making sound judgment with such a large amount of cash, there’s probably not many better people to listen to on the topic than Cuban.