Police in the southern Russian region of Dagestan say a female suicide bomber has injured at least 11 police officers and civilians.More >>
A female suicide bomber blew herself up in the southern Russian region of Dagestan on Saturday, injuring at least 18, including two children and five police officers, authorities said. The attacker was later identified as a...More >>
Friday, May 24 2013 7:09 PM EDT2013-05-24 23:09:56 GMT
It is official, Boy Scouts of America must accept all male youth no matter their sexual orientation. On Thursday, more than 60-percent of the Boy Scouts of America's 14-hundred-members voted for theMore >>
It is official, Boy Scouts of America must accept all male youth no matter their sexual orientation.More >>
(RNN) – Those buying a $2 Powerball ticket are fantasizing what to do with the $600 million jackpot.
Buy a boat? Travel? Buy your mom a house? Party so hard that you would put the Rolling Stones to shame?
"First thing, you should not get any new friends, you've already got enough," said Nathan Bachrach, of Simply Money.
Then take a deep breath. Don't rush into any decisions regarding your windfall.
"Emotions are a horrible tool when it comes to making money decisions," he said.
Bachrach suggests putting the money in the bank and going to a professional financial adviser – don't go crazy buying things for you and everyone else.
Paying off any debt is a first good step, and make a list of things you want to do with your winnings. Work with the financial adviser to make sure you have enough money to live on and with which to retire.
Managing money is not a do-it-yourself proposition. Bachrach pointed out that if training for the Olympics was easy, the athletes would be using coaches recorded on video.
"There are two things we've never learned in school; we never learned how to raise kids and we never learned how to manage money," Bachrach said. "Just because you won the lottery doesn't mean you know any more about money than you did before."
Copyright 2013 Raycom News Network. All rights reserved.
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Saturday, May 25 2013 8:34 PM EDT2013-05-26 00:34:55 GMT
Some Hattiesburg-area VFW and American Legion members paid special tribute to our nation's veterans today, with help from some young volunteers. They placed American flags on the graves of thousands ofMore >>
Some Hattiesburg-area VFW and American Legion members paid special tribute to our nation's veterans Saturday, with help from some young volunteers.More >>
Friday, May 24 2013 5:52 PM EDT2013-05-24 21:52:06 GMT
The eight Marion County law enforcement officers who've lost their lives in the line of duty were remembered in an annual ceremony Friday morning. It included the laying of a wreath at a fallen officersMore >>
The eight Marion County law enforcement officers who've lost their lives in the line of duty were remembered in an annual ceremony Friday morning. More >>
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