Financial Advice From All The Sharks
In light of last night's $400 million Power Ball Jackpot, a very wise and smart reporter who had access of all the Sharks still filming season 5, asks them for financial advice if you win the $400 million dollar prize. With a combined net worth estimated over $5 billion, all 6 of the Sharks on the Shark Tank Show took turns giving free financial advice.
When Mark Cuban was asked "what would your advice be if someone were to win the powerball?", with His reply being "put it in the bank" without even thinking about it. Mark goes on to say "whenever you get a large sum of money fast, then all kinds of things happen that you never anticipate". After settling up with Uncle Sam, you will also have a lot more Best Friends and a lot of people wanting to give you advise on how to spend all this money. Sure, if you just have your money sitting in the Bank you're not going to make any interest to speak of these days, but your money is "safe" and not going to disappear. Besides after taxes you will have around $200 million free and clear, so how much more money do you need to make in the short term anyway? Marks main advise is theirs only one goal and that's to "keep it". (Great Advice)
Daymond John's financial advice is if you win the lottery, #1 don't tell anyone
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