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Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
@FluentInFinance
Sep 5 • 9 tweets • 3 min read • Read on X
If you win tomorrow's $1,700,000,000 lottery jackpot (3rd largest in history) here are 5 things to do ASAP:

1) Don't sign the ticket (claim anonymously with a trust/LLC)

2) Don't tell anyone. Don't be a victim of robbery or death.

3) Hire 8 experts ASAP:
3) When you win the lottery, hire these 8 experts ASAP:

• Lawyer
• Tax attorney
• Financial advisor
• CPA/ accountant
• Cybersecurity firm
• Estate planning attorney
• Wealth management firm
• Personal security/ bodyguards
4) Do these 10 things to go private (because 70% of lottery winners end up broke and 33% declare bankruptcy)

• Add home security
• Delete all social media
• Use a 2FA on everything
• Use NDAs with everyone
• Change your address to a PO Box
• Freeze your credit with all three bureaus
• Do NOT pose for the winning check photo
• Get a new phone number and e-mail address
• Use Trusts and LLCs to protect your assets and maintain privacy
• Get comprehensive insurance coverage including umbrella policies, kidnap and ransom insurance

Privacy is an asset you protect.
5) Set up a trust to protect your assets and accept your millions anonymously.

A trust will protect your assets from lawsuits and fraudsters.

Avoid press. Don’t do interviews. Don’t post online.

22 states allow you to remain anonymous:

• Ohio
• Texas
• Illinois
• Florida
• Kansas
• Virginia
• Arizona
• Georgia
• Missouri
• Montana
• Arkansas
• Wyoming
• Delaware
• Maryland
• Nebraska
• Minnesota
• New Jersey
• Mississippi
• West Virginia
• North Dakota
• South Carolina
• Massachusetts
A waitress was tipped a lottery ticket and won $10,000,000 in 1999.

Tonda Dickerson was then sued by her coworkers for a share, then sued by the man who gave her the ticket, then kidnapped by her ex-husband whom she shot in the chest.

Then she went to court against the IRS. Image
In 2019, a Jamaican man collected his winning $1,500,000 lottery check wearing a Scream mask so his family wouldn’t hound him for money. Image
You're more likely to get struck by lightning 2x in your life than win the lottery jackpot.

If you drive one mile to buy a lottery ticket, you're 8x times more likely to die in a car crash than win the jackpot.
Here are the 5 most common winning lottery numbers:

• 112 times: #21
• 111 times: #23
• 109 times: #33
• 105 times: #27
• 104 times: #32

What are your lucky numbers?
Good luck winning the lotto! When you win, what you doing with the money?

If you found this post helpful, please:

1. Share it with others and RT it
2. Follow me @FluentInFinance for more
3. Join 100,000 in my newsletter at to get smarter with moneyTheFinanceNewsletter.com

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More from @FluentInFinance

Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Mar 27
Roth IRAs can make you a tax-free millionaire.

But only 20% of Americans have one.

Here's everything you need to know about Roth IRAs:

(If you're in your 20s, I can't stress this enough)
How to Become a Tax-Free Millionaire:

Step 1: Open a Roth IRA with a trusted broker.

Step 2: Set up automatic contributions ($583 a month).

Step 3: Let your money grow over 30 years.

Step 4: Watch your savings become about $1.6 million tax-free.

Even if you start with a small amount, the power of compound interest will work for you.
What is a Roth IRA?

A Roth IRA is a special savings account for retirement.

You pay taxes on your money before you put it in.

The money grows and you can take it out later without paying more tax.

Unlike a 401(k), you open this account yourself. You choose where to open it.
Read 15 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Mar 7
From age 20-30, learn these financial rules to become wealthy in your 40s and 50s:
• The 50/30/20 Rule

This simple rule helps you split your money in a balanced way:

50% goes to needs like rent, bills, and food

30% goes to wants like eating out and fun activities

20% goes to financial goals like paying off debt or saving
• The Rule of 72

Want to know how fast your money will grow? The Rule of 72 makes it simple.

Divide 72 by your interest rate to find out how many years it takes for your money to double.

If you earn 8% on your investments, your money doubles in 9 years (72 ÷ 8 = 9).
Read 14 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 14
Before age 40, you need to read these books:

1. Psychology of Money by Morgan Housel

Lessons:
• Money is More Than Numbers: Your habits, emotions, and past experiences shape how you handle money.
• Avoid Comparisons: Don't compare your financial journey to others. Focus on your own goals and progress.
• Plan for the Long Term: Think about money in decades, not days. Long-term planning leads to better decisions.Image
2. Millionaire Next Door by Thomas J. Stanley

Lessons:
• Millionaires Aren't Flashy: Most millionaires live simple lives and don't show off their wealth.
• Avoid Status Symbols: Don't waste money on fancy cars or big houses to impress others.
• Live Below Your Means: Wealth comes from spending less than you earn and saving the rest.Image
3. Simple Path to Wealth by JL Collins

Lessons:
• Ignore the Noise: Don't get distracted by daily market news. Focus on your long-term goals.
• Index Funds are Key: Invest in index funds for steady, long-term growth. They're easy and effective.
• Stay the Course: Don't panic when the market goes up and down. Stick to your plan.Image
Read 11 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 11
I'm 37.

If you're still in your 20's, I can't stress these money skills enough:
1. Negotiate everything. Salaries, bills, rent. Don't be afraid to ask. Never accept the first offer. A 5-minute ask can save thousands.

2. Your first job isn't your forever job. Never be afraid to job hop to find what you're good at and what pays you well. Your career will grow over time.
3. Protect your credit score at all costs. Your credit score affects loans, housing, and jobs. Pay bills on time, keep balances low, and check reports for errors.

4. Surround yourself with winners, they inspire you. Positive, driven people push you to achieve more. Choose friends wisely.
Read 19 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 3
President Trump says the pain from tariffs "will be worth the price."

But what does it mean for you?

I spent the evening analyzing it.

Here’s what you need to know:
1/Because of new tariffs, the average American family could pay about $1,245 more per year for everyday items.

This includes:

• Costlier furniture and home goods
• More expensive clothes and shoes
• Higher prices for cars and car parts
• Pricier groceries, especially fruits and vegetables
2/ Tariffs Will Affect Everyday Life:

1. Cars:

• Vehicle prices could rise due to integrated North American supply chains
• Auto parts costs would increase, affecting repair and maintenance expenses

2. Food:

• Furniture imports from China could see 10-25% price increases
• Electronics and household appliances would likely become more expensive
• Clothing and footwear prices could rise significantly

3. Consumer Goods:

• Avocado prices could increase as 90% come from Mexico
• Popular Mexican beer brands might see price hikes
• Canadian agricultural products, including frozen foods, would become more expensive
Read 9 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Dec 27, 2024
If you own a business, you MUST understand accounting

You can't run a business without understanding your numbers

Here is everything you need to know:
1/ Accounting isn’t just about taxes or bookkeeping—it’s the language of business

At its core, accounting is based on “Accrual Accounting”

Accrual accounting shows the true financial health of a business by matching income with related expenses.
2/ Accrual Accounting

Most people think of accounting as balancing a checkbook—counting cash in and cash out (this is called Cash Accounting)

But real businesses use Accrual Accounting

Why?

Because it’s a more accurate way to measure actual profit by matching revenues and expenses in the same period

Here's a simple way to think about it:
Read 12 tweets

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