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How to spend lottery winnings wisely

Posted at 5:49 PM, Dec 29, 2015
and last updated 2015-12-29 17:49:55-05

What would you do with $300 million? 

You could find out if you win Wednesday's Powerball jackpot.

But experts say you need to be careful when spending that windfall or it could become your downfall.

First of all, don't quit your job.

Second, consult with an attorney.

Third, put the ticket in a safe place, keep your win quiet, and formulate a plan.

Financial experts say it's a good idea not to do anything with winnings for six months to get used to new-found wealth.

Proper investing will allow you to live off the returns. 

You can find out if you're the big Powerball winner when the drawing's held on Wednesday at 10:59 p.m.

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