According to the National Endowment for Financial Education, about 70 percent of people who have won large lottery jackpots or fall into the possession of large sums of money all at once, wind up going broke and as much as one-third of them file for bankruptcy.
With the Powerball jackpot estimated at $1.5 billion, by Wednesday night (Jan. 13), somebody could be a billionaire this week.
Or ... a bunch of us could be millionaires!
So here's what the Morning Bull Pen has in mind: We're buying one Powerball ticket -- and if it wins, we're splitting it up with anyone who signs on to play it with us...
There is always a lottery going on and as of January 9th the Power-ball jackpot has soared to the record high for any lottery. 1.3 Billion dollars. I don't think I have ever even thought that high as far as that kind of money is concerned. I have a list of things that I would do before and after the lottery numbers our announced.