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How Not to Invest Your Lottery Jackpot

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How Not to Invest Your Lottery Jackpot

NEWS ARTICLE - 7/17/2018 - By Olivia Carville (Bloomberg)

Before Jason Fry owned four Batteries Plus Bulbs stores in Florida, he was a bartender and probation officer preparing to file for bankruptcy. Then he and a co-worker won $47 million in the lottery! Jason made many purchases – both practical and impractical – and he went on to invest his winnings as a multi-unit franchise owner. Not all instant multimillionaires have the sense of responsibility that Jason had, though. Many lack the financial knowledge to make sound investment decisions and become cautionary tales of what not to do if you strike it rich. Read More opens in new window

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