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When Winning the Lottery Went Right

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I love reading stories of lottery winners. Every day when browsing the web I seem to ome accross another story that brings a smile to my face or a tear to my eye. This month I’ve already been focusing quie a few of my posts on revealling what you should or shouldnt do if your one of the lucky few to win a Lottery Jackpot.

A couple of days ago I wrote a long awaited post of what a lottery winner should do once winning. This story below is a case study in just that process of making well thought through, planned and structured investments. I wish I could say Brad read and followed my advice, but he didn’t. Instead I used his story as a source of inspiration for my checklist article.

Brad Duke, 34, a manager for five Gold’s Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005. He spent the first month of his new life assembling a team of financial advisors. His goal: to use his winnings to become a billionaire. Here’s what Duke has done with his money so far.

$45 million: Safe, low-risk investments such as municipal bonds

$35 million: Aggressive investments like oil and gas and real estate

$1.3 million: A family foundation

$63,000: A trip to Tahiti with 17 friends

$125,000: Mortgage retired on his 1,400-square-foot house

$18,000: Student-loan repayment

$65,000: New bicycles, including a $12,000 BMC road bike

$14,500: A used black VW Jetta

$12,000: Annual gift to each family member

For your chance to be a lottery millionaire, you need first to buy a lottery ticket. Visit theLotter.com and choose from one of the many global lottery services. Good luck!