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Mark Cuban Lends His Billionaire Advice

By Julie Fink
Posted On Jan 13, 2016
Mark Cuban Lends His Billionaire Advice

If you happen to win the $1.4 billion Powerball tonight, take it from mega-investor and Dallas Mavericks owner Mark Cuban, when it comes to money. The zealous Shark Tank mentor has hit the airwaves today broadcasting his business advice to the lucky (which is an understatement) winner of the biggest jackpot in U.S. history.

So, to the next Daddy Warbucks/Jayoncé/Zuckerberg out there, from one billionaire to another, here are the top 6 things Mark Cuban says to do when you win $1.4 billion dollars:

  • Hire a tax attorney first.
  • Don’t take the lump sum. You don’t want to blow it all in one spot.
  • If you weren’t happy yesterday, you won’t be happy tomorrow. It’s money. It’s not happiness.
  • If you were happy yesterday, you are going to be a lot happier tomorrow. It’s money. Life gets easier when you don’t have to worry about the bills.
  • Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs 1m dollars for anything. No one needs 100k for anything. Anyone who asks is not your friend.
  • 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.

For what it’s worth, here is some advice from a thousandaire: just hide money in shoes everywhere for people to find with a little note in it that says ‘Have a nice day.’ Personally, I would involve a treasure chest and pirate hats as well, but that is just me. In addition to the boring saving plan, just be sure to stay true to yourself and do things that you’ve always dreamed of and beyond.

Good luck tonight, may the odds of one in 292.2 million of winning this Powerball be ever in your favor.  Try to hit up luckiest states in America to buy your tickets!

Powerball meme