Hitting the Proverbial Jackpot: What to Do When You Get a Big Windfall

If you learn that you’re going to come into a large amount of money – say more than $100,000 – and especially if there’s the possibility that it will be well-publicized (like a lottery win), there are a few things you can do right away to keep your wits about you and avoid making major personal and financial mistakes.

  • Consider getting out of the house for a bit – either taking a trip or even just staying with some friends or family members.
  • Look into changing your phone number and having it “unlisted.”
  • Consider taking vacation time, or even requesting unpaid leave, from work.
  • Get recommendations from close, trusted friends and family members to find a lawyer and financial adviser.