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☆ Why the phenomenon of your rich friend being the stingiest rings true, expert says
▼ + stars: | 2024-04-13 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Scrolling through my Venmo transactions, it's evident that requests for comically small amounts of money are almost always made by friends who were either born with or earn more money than me. "Rich people love to Venmo request you $4.72 for like half a bagel because they have no concept of money and don't understand that working class people operate under an economy of buying someone a beer," one X user mused. "Friend making $450k as a software engineer: 'Can you Venmo me $3.62 for your share of the Uber ride?'" Susan Bradley, founder of the Sudden Money Institute, coaches clients who have quickly or unexpectedly come into large windfalls of cash on how to transition out of being a have-not. The phenomenon of the rich friend being the stingiest rings true, she says: "People with more money than their peers struggle with generosity."

Persons: Rich, Susan Bradley

☆ More money will certainly mean more problems in your relationships, financial experts say—especially a marriage
▼ + stars: | 2023-04-21 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +4 min

It's obvious how financial instability can negatively affect relationships – less money means more compromising. Coming into a "life-changing" amount of money can be disorienting, says Susan Bradley, a certified financial planner and the founder of Sudden Money Institute. In opposite-sex marriages, which partner makes more money can also be a source of stress, especially if it's the woman. Well, how many times do you do that before they start to feel weird and you start to feel weird?" Decisions like this can cause stress — stress you wouldn't have if that house was never an option in the first place.

☆ Mega Millions jackpot is $1.1 billion. How big winners can prep for 'the inevitable asking for money' from family, friends
▼ + stars: | 2023-01-10 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

Scott Olson | Getty ImagesIf you've never had family or friends hit you up for money, that is likely to change if you were to win the $1.1 billion Mega Millions jackpot. It also may make you a target for people who want a piece of your newfound wealth, experts say. When "the inevitable asking for money occurs," she said, "how can you make sure you feel comfortable saying yes or no?" Set up boundaries for money going to family, friendsFor sharing with family and friends, you also should set up parameters, Irwin said. "I think it's helpful to think about under what terms you would gift money," Irwin said.

☆ The Mega Millions jackpot is $640 million. These are 4 key things to do if you actually win
▼ + stars: | 2022-12-30 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

That's the Mega Millions jackpot amount for the next drawing, set for Friday night. The top prize has been growing since Oct. 14 when it was reset to $20 million after two tickets — sold in Florida and California — matched all six numbers to split a $502 million jackpot. "People can lose tickets, and no ticket means no money." Build a team of advisorsWinning such a large amount of money means having some pretty weighty financial decisions to make. For this $640 million Mega Millions jackpot, the cash option — which most jackpot winners choose — is $328.3 million.

☆ Powerball's jackpot is now $420 million and Mega Millions' top prize is $494 million. Here's how to handle a huge windfall
▼ + stars: | 2022-10-12 | by ( Sarah O'Brien | Nicole Webb | Senior Vice President Financial Advisor At Wealth Enhancement Group | ) www.cnbc.com time to read: +3 min

Powerball's jackpot is an advertised $420 million for Wednesday night's drawing. Mega Millions' top prize is even more: $494 million for the next pull, set for Friday night. Of course, the chance of a single ticket matching all six numbers drawn in either game is tiny: 1 in 292 million for Powerball and 1 in 302 million for Mega Millions. Nevertheless, it's worth giving thought to what you'd do if you were to beat the odds and land such a windfall. The process of figuring out how to handle a huge amount of money can take several months, Stanzak said.

☆ Mega Millions jackpot is $410 million. Here are 3 key things to do if you win
▼ + stars: | 2022-10-07 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

There's a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million windfall in their lap. That's the advertised jackpot amount for the lottery game's next drawing, set for Friday night. It's the third time this year the top prize has crossed the $400 million mark, but the amount remains far below the $1.34 billion jackpot won in July. Powerball's jackpot isn't far behind for its Saturday night drawing: $378 million. While stress from winning a life-changing amount of money may be tricky to avoid, there are three key things you can do right out of the gate to protect your winnings.

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