Garina Fearon has a lot to think about these days. The 34-year-old 파워볼최상위사이트 가입 Jamaican-born correctional officer has been handed a once-in-a-lifetime opportunity to accomplish anything she wants with her life after winning the New York Mega Millions Powerball recently. She also doesn’t have to be concerned about money.
The only problem is that she will have to worry about money from the moment she pays Uncle Sam. If she can plan and follow out the plan correctly though, she can make it last for centuries. If she doesn’t, she’ll lose everything in 5 years, just like so many previous Powerball winners.
To begin with, as a financial counselor, I admire her working-class work ethic. Many people express an interest in quitting their jobs and doing anything they desire. Well after six months that’s a bit challenging to figure out for some people. Especially if they are accustomed to putting in long hours. Not to mention the fear of not being able to pay the new monthly expenses. 파워볼 – racewindham
Ms. Fearon has since said that she plans to continue working for the Department of Corrections, which is good. But in three years, she could have a different opinion. She may reach a point where she understands how much money she has and how much responsibility she has, and it may not feel like a fair deal. We’ll have to wait and see. Ms. Fearon may wish to work somewhere else, establish her own business, volunteer at a local charity, or do a combination of these things in addition to looking at where she is currently.
Furthermore, many businesses offer benefits at considerably cheaper 파워볼최상위사이트 추천 monthly premium rates than if an individual paid for them alone. Most of the time, this isn’t a problem, but if she becomes sick, she won’t have to use the lottery money if she doesn’t want to.
The fact that she wants to look after her mother is also something I like. That is why money exists: to assist you and your family. Her mother might have family along with a caretaker to take care of her.
She can focus on her two children after her mother has been taken care of. For them I suggest put them in private school if she hasn’t done so before. The very best in the country. This will ensure that they not only go on the correct track academically, but also begin to develop networks with other successful kids who will help them in the future. So, whether they want to be architects, painters, company owners, or anything else in the future, they will have peers to support them.
She can’t let them simply sit back and relax in terms of schooling 파워볼최상위사이트 배팅 because they’ll become hooked to it, and she’ll be wondering what happened by the time they’re 45. They’ll also need the ability to care for their family. The importance of education has not altered.
She must also ensure that they maintain a positive work ethic. This money does not imply that they are unemployed. I’m not suggesting kids have to be fully self-sufficient. The benefit of having money is that it allows you to give your children a leg up rather than a handout.
If their schoolwork schedules allow it, kids can work after 파워볼최상위사이트 모음 school at a legal office, church, doctor’s office, hospital, construction site, or homeless shelter if they don’t participate in afterschool activities. But, whatever they chose, they must put up the effort. In the evenings and on weekends, I play video games and watch movies.
Chores around the house teach not only responsibility but also a dedication to supporting other members of the family. It may go a long way in terms of familial connection, something many individuals are unaware of until later in life.
The book “Titan” by Ron Chernow is an excellent model for Ms. Fearon in parenting her children. The biography examines John D Rockefeller’s life, not just in terms of how he accumulated money, but also in terms of how he handled it for himself and his family. Religious beliefs, money, family, education, and giving back are all intertwined in one person’s life.
She also has to put money away for their college education and maybe post-graduate studies. These are long-term investments that should be financed with adequate funds to provide them with the finest that money can buy.
If her kid wants to go to medical school and learn 파워볼최상위사이트 목록 to speak with sharks to see how they can assist humans cure cancer, diabetes or any other ailments, he’s going to need the money to accomplish that. Working a part-time job while in school may distract you from your studies.
Ms. Fearon can next look at charities that are important to her and devise a five- to twenty-year strategy for how to contribute to them. She might begin by donating to a foundation dedicated to finding a cure for diabetes, which her mother has. She can also look at homeless shelters.
She’ll have numerous offers to contribute and she’ll find it challenging to turn them down but regrettably she’ll have to for many of them. She’ll have to donate little sums to others. If she doesn’t, she’ll begin to run low on money for the lifestyle she desires for her family. As a compromise, she may be able to persuade others to donate to causes that she is unable to support.
The whereabouts of Ms. Fearon’s family is now crucial. This is where she must use extreme caution. If she purchases a property or properties that drain her money at a high rate every month, she risks becoming one of those who gain a fortune and lose it in five years. I’m not suggesting she needs to live in a cramped apartment and eat rice and beans by candlelight. She simply has to be cautious about how many houses she purchases. Also, how much they cost on a regular basis in comparison to your monthly income and how much other home products cost.
And, while I understand that owning a property that is totally paid for is 파워볼최상위사이트 주소 a pleasant sense for many people, I would advise her against doing so merely to have a reserve for the future. How much to put down for the home(s) will be a very significant and personal decision. She must be patient and deliberate in her decision.
Cars, jewels, dinners, trips, and presents are all examples of this. She might easily spend like there’s no tomorrow, and in fact, she’ll run out of money in five years.
Ms. Fearon is also concerned about her retirement. Again, if she continues with the Department of Corrections, she will have her retirement funds, perks, and pension. She can supplement this by opening outside-of-work retirement accounts that, in many circumstances, allow her to contribute as much as she wants and provide guarantees on the money she invests. Something that can give her considerable peace of mind.
Ms. Fearon has the option of putting her money to good use. The strategies would not only help her with some of the responsibilities already mentioned, but they would also look to increase the value of the Powerball winnings. She must, however, comprehend them. She can conduct her own research or speak with family, friends, coworkers, and trusted financial experts to learn more about them.
She can put her money aside in a variety of ways, including savings accounts, money market accounts, CDs, cash value permanent life insurance, bonds, and bond funds. They’re simple to grasp and don’t take long to master. Except for bond funds, all of the accounts see a growth in the value of the money invested due to dividends or interest payments. Bond funds can vary in value, although not as much as stock market funds have in the past.
When it comes to getting past the learning curve of how 파워볼최상위사이트 도메인 they function, stocks and mutual funds are also good choices to explore. Stocks represent a portion of ownership in a single company, while stock mutual funds represent a portfolio of companies. The difficulty in selecting them, however, is that they can change dramatically, as many people have discovered in recent years. So, once again, understanding how things operate isn’t the issue. In many situations, deciding which one to buy needs the assistance of a professional financial counselor.
Another option for Ms. Fearon is to put her money to work in real estate. If she hasn’t done it before, she will have to be really selective and patient. She can explore for possibilities in the United States and Jamaica if she wants, but she must keep in mind the income she will earn from the properties and the possible price increase on the properties she is considering. Again, and especially in this economy, she would need a lot of study and experience to go ahead in real estate at this time, but if done right, it may work for her.
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She might also consider starting her own business. This is also not as simple as it may appear. Yes, she has the funds to begin, but where will she be in two months, two years, five years, or twelve years? Who will be in charge of it? What is her grasp of the business, and more importantly, what is her love for it?
If she doesn’t have it, she’ll have to sit down and figure it out. If she prepares 먹튀없는 파워볼최상위사이트 and executes her strategy poorly, she might end up with a money pit on her hands, which her landlord would adore but not her financial account. She might also consider investing in a franchise or purchasing an established firm. All feasible alternatives, but the ones with the greatest risk of becoming a money hole.
As you can see, Ms. Fearon has a lot to think about not only in the next days and weeks, but months, years, and decades. All of the planning boils down to maintaining a sense of balance and judicious management. In fact, having a ten-year plan for everything isn’t a terrible idea for her. That way, she’ll know how to keep the money.