WHAT IS THE #1 MOST DUMBEST (& MOST GENIUS) THING TO DO WITH YOUR DIVORCE SETTLEMENT CHECK?
I think the absolute worse thing you could do with your divorce settlement check that is over $1 million dollars is to bet it all on Mega millions or Powerball lotteries. It is such a huge and stupid risk! Imagine you take $1 million dollars and you buy 500,000 different combinations hoping to win, say $600,000,000 in megamillions or Powerball. Is this not dumb? It totally is dumb, stupid, and asinine. But if you win, well, that would be genius how you turned one million dollars into six hundred million. It would totally be a genius.
Let’s put it this way, it would only make sense if $1 million dollars is not ALL you get in the settlement. If you have a few more million at your disposal because of your divorce settlement being so generous, then go ahead and bet the million-dollar farm on Mega millions or Powerball if that is what your mind tells you to do.
For what it’s worth, I do think you are crazy.