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Lisa & Russell - Let's All Dance Off and Get Stuffed Together · Lisa & Russell

• 0:00
  Speaker 1: $ 100 million.
• 0:01
  Speaker 2: Yep.
• 0:01
  Speaker 1: Tonight.
• 0:03
  Speaker 2: Got my ticket. And I'm in a syndicate here.
• 0:05
  Speaker 1: We're in a syndicate. We're in a syndicate.
• 0:08
  Speaker 2: This place is in trouble if our syndicate wins.
• 0:10
  Speaker 1: See, the problem here is, like, you'd say, oh, if
• 0:13
  Speaker 1: you won $ 100 million, what would you do? I'd tell
• 0:15
  Speaker 1: the boss to get stuffed. No. But the problem is
• 0:17
  Speaker 1: two of our bosses are in the syndicate. So they're
• 0:20
  Speaker 1: just going to turn around and say, well, you get stuffed. Oh,
• 0:22
  Speaker 1: let's all just dance off and get stuffed together. What
• 0:26
  Speaker 1: should you do?
• 0:27
  Speaker 2: Well, experts say don't tell anyone and don't quit your job.
• 0:30
  Speaker 2: A financial expert says there are a few critical steps
• 0:33
  Speaker 2: you need to take to avoid putting your fortune at
• 0:36
  Speaker 2: risk if you win the Powerball tonight.
• 0:38
  Speaker 1: So many do.
• 0:39
  Speaker 2: They say winning the jackpot is only half the battle.
• 0:42
  Speaker 2: The other challenge is making sure the money lasts. I'll
• 0:44
  Speaker 2: come in if you can't make $ 100 million last.
• 0:46
  Speaker 1: But some can. You're an idiot. Some can't.
• 0:48
  Speaker 2: Well, yeah. Senior Financial Advisor Simon Robinson from accounting giant RSM.
• 0:54
  Speaker 2: says a lottery win can be life-changing, but without a plan,
• 0:58
  Speaker 2: even a vast fortune can disappear quickly.
• 1:01
  Speaker 1: Almost as quickly as your newfound friends will disappear.
• 1:04
  Speaker 2: The statistics around people losing all their winnings and or
• 1:07
  Speaker 2: going bankrupt are pretty stark. So he says, you know,
• 1:12
  Speaker 2: if you were to wake up tomorrow morning, $ 100 million richer.
• 1:16
  Speaker 1: I'm thinking of it, yeah.
• 1:16
  Speaker 2: First piece of advice, keep it shtum.
• 1:19
  Speaker 1: Oh, yeah, no, I'll be quiet. I'm very good at
• 1:21
  Speaker 1: keep quiet, but there'll be signs. There'll be signs. There'll
• 1:24
  Speaker 1: be signs. There'll be like this. Why are you smirking
• 1:28
  Speaker 1: so early in the morning?
• 1:29
  Speaker 2: From Monte Carlo. He says, keeping news of your win
• 1:34
  Speaker 2: to a small inner circle of trust is critical until
• 1:37
  Speaker 2: you have a plan and have suitably structured your newfound
• 1:40
  Speaker 2: wealth to support that plan. Look, I don't think you
• 1:42
  Speaker 2: have to be a financial advisor to know that all
• 1:45
  Speaker 2: manner of people will come out of the woodwork. If
• 1:48
  Speaker 2: they know that you've got a hundred million dollars and
• 1:50
  Speaker 2: they will, some will expect you to pay for dinner
• 1:54
  Speaker 2: next time. Some will straight up ask you for money.
• 1:56
  Speaker 2: Some will guilt you. Some will come with real full-on
• 1:59
  Speaker 2: sob stories. And, you know, you can't help all the
• 2:02
  Speaker 2: people all the time.
• 2:03
  Speaker 1: Well, one of the key principles here, one of the
• 2:05
  Speaker 1: key things that you need to do is do not
• 2:08
  Speaker 1: commit to anything until you've sat down and you have
• 2:11
  Speaker 1: a plan.
• 2:12
  Speaker 2: Yeah, he says, you know, it could be tempting to
• 2:15
  Speaker 2: start spending immediately, you reckon? But he reckons parking the
• 2:18
  Speaker 2: winnings in a high-interest savings account while decisions are made
• 2:21
  Speaker 2: are a good idea. It might also help stop the
• 2:24
  Speaker 2: impulse spend while you get your plan in place. Oh,
• 2:26
  Speaker 2: I'll be sure to do that as soon as I've
• 2:28
  Speaker 2: ordered my Birkin. Well.
• 2:30
  Speaker 1: Well, I drove past the servo this morning with petrol
• 2:34
  Speaker 1: that was at $ 2. 49. Let's just call it $ 2. 50, shall we?
• 2:38
  Speaker 1: I probably wouldn't even second glance at that. Should I
• 2:43
  Speaker 1: win the $ 100 million? No. I could half fill the
• 2:47
  Speaker 1: tank with that kind of win.
• 2:49
  Speaker 2: Robinson said professional advice is another must. Winners should consider
• 2:53
  Speaker 2: assembling a team, including an accountant, A lawyer and a
• 2:57
  Speaker 2: qualified financial advisor.
• 2:59
  Speaker 1: I'm sure the financial advisor and the lawyer would say, oh,
• 3:02
  Speaker 1: now we need a big team.
• 3:03
  Speaker 2: Yeah, we need a big team.
• 3:03
  Speaker 1: We need a big team. We need an expenses account.
• 3:05
  Speaker 2: I don't know if you need a team. I think
• 3:07
  Speaker 2: what you need is common sense.
• 3:10
  Speaker 1: That really helps. And there's a lot of sense in
• 3:12
  Speaker 1: $ 100 million. That's for sure.
• 3:14
  Speaker 2: I mean, you know, in terms of your immediate family,
• 3:20
  Speaker 2: of course you're going to spoil them within each of
• 3:23
  Speaker 2: their life. But just don't tell everyone. Yeah, exactly. Because
• 3:26
  Speaker 2: they'll come out.
• 3:27
  Speaker 1: Keep it to yourself.