One wish in many people's minds is to win the jackpot in the next Lottery drawing and that can be worth over $600 million. That is A LOT of money. With great management you and your heirs will never have to worry about money for many, many years
As soon as people know you have won that kind of money, they will descend upon you like vultures, wanting a piece of it. The first precautionary step is to sign at the back of the ticket. So whoever signs the ticket and presents a photo ID can claim the money.
Here are the other things that you should do:
1. Stay anonymous if your state rules allow it.
Once information is out there that you have become really wealthy, charities, strangers, long lost friends and relatives, financial "experts" will bombard you with so many requests. In New York winners' names are public record but elsewhere it may be possible to stay anonymous for your own peace of mind.
2. Consult a tax expert before cashing the ticket
You can either take the lump sum or have it paid out over 26 years in form of an annuity. As a lump sum you have to pay the tax on the entire amount but in form of an annuity. You pay taxes on the annuity payments you receive. If you have a spending issue, the annuity is best suited for you. Know all the pros and cons.
3. Pay all your debts
This is the first thing you should do with the money. Pay your credit card debt and mortgage bill and be free from those. This way you avoid the interest to be paid on the loans.
4. Don't engage in sudden lifestyle changes.
Don't just quit your job the next day or buy a huge mansion. Budget your money first. We all want to celebrate after winning big, so set aside cash for that. As for the big purchases, do them later after thinking through those decisions.
5. Invest carefully.
Don't invest all that money in one thing. Invest it in various forms of investments like equities, bonds (fixed income) etc. Avoid investments you don't understand and those which sound too good to be true. You don't want to end up losing all your winnings.
6. Live within a budget.
If you are not used to handling a lot of money, have some control in your spending. Spend income and not principal and that way you will be safe.
7. Give back to charity.
Giving back to charity is like a way of saying thank you to nature for giving you this huge advantage over other people. You can consider a donor advised fund then make a charitable donation. Afterwards, you can claim a federal tax deduction for your contribution
The Kardashian family is one of the most famous families in Hollywood due to their show "Keeping Up With The Kardashians". So how much does the show make? The show, which airs on E! got a huge deal worth around 40 million for more than 3 years so that's 3 seasons. This is the most profitable deal in reality Tv history.
It is produced by Ryan Seacrest and it is the most popular reality tv show and also has multiple spin offs eg Kim and Kourtney take Miami, Khloe and Lamar, Kim and Kourtney take New York. These spin offs are not included in the deal and that equals more money for the Kardashian family.
Season 6 of Keeping Up With The Kardashians averaged 3 million viewers per episode in the United States. The 40 million plus deal does not actually include all the products associated with the Kardashian family.
Kim Kardashian is not only the highest paid women in reality tv but she is also the highest paid in prime time. She makes more than 18 million a year from the reality shows and for now only Sofia Vergara of Modern Family show can rival that. Most of Kim's earnings come from endorsement deals and appearances. Let us also not forget she, plus her sisters, own a bunch of Dash boutiques which rake in plenty of cash. Fashion has always been their passion.
Most publishers are often looking for various ways to make more money in their websites. In-image advertising is a new way to do it. The web has become a lot more visual but the usual means of advertising is usually built for text content.
One company that does in-image advertising is Luminate. The company has clients like VH1 and Foxsports.com. Websites like New York Daily News, Boston.com and Life Hack are using GumGum to serve the overlay ads on images on their sites. This is usually done by a single line of code which is embedded onto an image.
So what are the CPMs of in-image advertising? GumGum claims to pay its publishers around $3 to $5 CPMs while Luminate says the CPMs do range on different websites depending on various factors but the premium sites which are photo heavy get CPMs of about $10.
The Washington Times has placed ads over images since November last year. It only runs its ad on entertainment photos. These ads are quite interactive, you can easily see them as soon as they pop up
Youtube just launched a pilot program for the paid subscription channels and 53 paid channels participated in the debut. The subscription fees can go as low as $0.99 per month. You will not be forced to start paying without testing since they have a 14 day free trial period for all the channels. Plus they are ad free.
Youtube users can subscribe to the channels from a computer then they will get access to the paid channels by use of their smartphones, tablets, TVs etc. Youtube is still working on how to subscribe through other devices besides your computer. Some of the partners who already use this service are UFC, Comedy TV and National Geographic Kids. Some of the issues that may arise are:
1) Will the Youtube users pay for content which they were not paying for before or which they can get free elsewhere?
2) Will the revenue generated be more than what they can get through ads?
3) Hence will there be ads in future?
This pilot program is more of testing to see how the consumers and Youtube partners will handle this new product and test a different revenue model.
Facebook will launch video advertising in its news-feed in July. The social network wants to tap into the large revenues of video advertising which TV companies enjoy. It wants to capitalize on the rapid growth of online video advertising since the number of online users keep getting bigger and bigger.
The new video ads will play automatically in the newsfeed but without sound. The Facebook user will have the option of activating sound audio and once that is done the ad will restart right from the beginning. Some of the companies which are expected to participate i the trials of the new video advertising platform are Unilever, Nestle, Diageo, American Express and Coca Cola.
Most analyst fear that these video ads will get a lot of negative reactions since they might be too disruptive and affect user experience. Facebook will do some tests to see the user's reactions.
So how much will Facebook charge for video ads? The social network will charge as low as $20 per 1000 video views and this will be when users haven't activated audio. The market rate for a broadcast television commercial that reaches 1000 people is $29, according to Magna Global. The ads will play for a maximum of 15 seconds. Based on the inventory available Facebook could make as much as $1.5 per day from the video ads. An analyst at Morgan Stanley estimated the video ads could generate as much as $4m per day by the end of the year
