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Yahoo
7 hours ago
- Business
- Yahoo
Mark Cuban Shares What To Do If You Win The Lottery — Never Take The Lump Sum, Don't Invest It, And Say 'No' To Everyone Asking For Money
It's fun to dream about winning the lottery — even if you know deep down your odds are roughly the same as getting struck by lightning while being attacked by a shark on your birthday. But just in case you do hit the jackpot, billionaire Mark Cuban has some blunt advice that tends to resurface anytime the Mega Millions or Powerball jackpots start breaking records. Back in 2016, when the Powerball jackpot ballooned $1.6 billion, Cuban gave a refreshingly practical interview to The Dallas Morning News. The man who sold to Yahoo for billions didn't suggest a luxury car or a hot new startup. His advice? Sit down, shut up — and don't touch a thing. Don't Miss: Maximize saving for your retirement and cut down on taxes: . Invest where it hurts — and help millions heal:. "You don't become a smart investor by winning the lottery," Cuban said. "Don't make investments. You can put it in the bank and live comfortably forever. You'll sleep a lot better knowing you won't lose money." Yes, the guy who starred on "Shark Tank" told people not to invest. And he meant it. Winning the lottery doesn't make you Warren Buffett. It just makes you a target. So what should you do? First, don't take the lump sum. Cuban says to opt for the annuity — that 30-year drip-feed of millions — instead of grabbing it all at once. The reason? You're less likely to blow through it like a kid in a candy store with no budget. Trending: Second, hire a tax attorney immediately. "Before you do anything," Cuban warned, "talk to your accountant." Taxes will take a chunk, and if you're not careful, so will scammers, shady advisors, and long-lost relatives with big dreams and zero business plans. Then there's the part nobody likes to talk about: saying no. It sounds simple—until the texts start coming in and everyone suddenly has an emergency that only six figures can fix. "Tell all your friends and relatives no," Cuban said. "They will ask. Tell them no. If you are close to them, you already know who needs help and what they need... Anyone who asks is not your friend." Ouch. But fair. Cuban also dropped a reality check about money and happiness: "If you weren't happy yesterday, you won't be happy tomorrow. It's money. It's not happiness. If you were happy yesterday, you're going to be a lot happier tomorrow. Life gets easier when you don't have to worry about the bills."And don't mistake this for some kind of green light to become a regular at the corner store lotto machine. Cuban called playing the lottery "OK" for entertainment — just don't dump your paycheck into it. "It's OK to spend $2 for entertainment value," he added via email. "If you have $10, go to a Mavs game." So if lightning does strike and you're suddenly holding a billion-dollar ticket, just remember: no lump sum, no risky investments, no to Chad's new crypto café idea — and yes to a tax attorney and peace of mind. Cuban's been rich for a while. He's not guessing. Read Next:Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Mark Cuban Shares What To Do If You Win The Lottery — Never Take The Lump Sum, Don't Invest It, And Say 'No' To Everyone Asking For Money originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
a day ago
- General
- Yahoo
Opal Lee ‘the grandmother of Juneteenth' is recovering after hospital visit
Opal Lee, known as the 'Grandmother of Juneteenth,' is recovering in the hospital but 'doing well and in good spirits,' her family says. Lee was hospitalized last month after visiting Ohio to mark the 30th anniversary of the National Underground Railroad Freedom Center in Cincinnati, The Dallas Morning News reported. The 98-year-old is known for her decades-long campaign to establish Juneteenth - June 19 - as a national holiday, a dream that came to fruition in 2021 thanks to then-President Joe Biden. The Fort Worth, Texas, civil rights leader is 'still unstoppable,' despite her hospitalization, according to a news release from Unity Unlimited Inc., a nonprofit run by her granddaughter Dione Sims. "She is doing well and in good spirits," Sims said in a statement, according to WFAA. "We are waiting on discharge orders." Lee is currently recovering in the hospital in Ohio, but is looking forward to returning home to Texas. It was not immediately clear why she was hospitalized or how long she had been there. Lee thanked those who have reached out to check on her in a Facebook post, writing, "Although I am unable to return the many texts and calls I have received over the past few days, please know that each one is appreciated; I am truly grateful for your concern and good wishes.' Lee became known as the 'Grandmother of Juneteenth' for her decades-long activism and efforts to make the day a federally recognized holiday in the U.S. Juneteenth commemorates the end of slavery after the Civil War, and recognizes the enforcement of the Emancipation Proclamation in Texas two years after it was issued. It is now celebrated every year on June 19 after Biden officially designated the day a holiday. Last year, Lee received a Presidential Medal of Freedom from Biden. She was also nominated for a Nobel Peace Prize.
Yahoo
2 days ago
- General
- Yahoo
Opal Lee ‘the grandmother of Juneteenth' is recovering after hospital visit
Opal Lee, known as the 'Grandmother of Juneteenth,' is recovering in the hospital but 'doing well and in good spirits,' her family says. Lee was hospitalized last month after visiting Ohio to mark the 30th anniversary of the National Underground Railroad Freedom Center in Cincinnati, The Dallas Morning News reported. The 98-year-old is known for her decades-long campaign to establish Juneteenth - June 19 - as a national holiday, a dream that came to fruition in 2021 thanks to then-President Joe Biden. The Fort Worth, Texas, civil rights leader is 'still unstoppable,' despite her hospitalization, according to a news release from Unity Unlimited Inc., a nonprofit run by her granddaughter Dione Sims. "She is doing well and in good spirits," Sims said in a statement, according to WFAA. "We are waiting on discharge orders." Lee is currently recovering in the hospital in Ohio, but is looking forward to returning home to Texas. It was not immediately clear why she was hospitalized or how long she had been there. Lee thanked those who have reached out to check on her in a Facebook post, writing, "Although I am unable to return the many texts and calls I have received over the past few days, please know that each one is appreciated; I am truly grateful for your concern and good wishes.' Lee became known as the 'Grandmother of Juneteenth' for her decades-long activism and efforts to make the day a federally recognized holiday in the U.S. Juneteenth commemorates the end of slavery after the Civil War, and recognizes the enforcement of the Emancipation Proclamation in Texas two years after it was issued. It is now celebrated every year on June 19 after Biden officially designated the day a holiday. Last year, Lee received a Presidential Medal of Freedom from Biden. She was also nominated for a Nobel Peace Prize.
Miami Herald
6 days ago
- Health
- Miami Herald
What's affecting our health? See the risks and cures in Miami
Health Care What's affecting our health? See the risks and cures in Miami Miami's health is always changing. Expanding access to care, Mount Sinai Medical Center is building a new hospital and emergency room in Westchester to serve the area's aging population. Meanwhile, lower childhood vaccination rates in Florida have raised worries about potential disease outbreaks, as some parents grow hesitant amid mixed messages and misinformation. Biscayne Bay struggles with pollution from stormwater, but recent pilot projects using advanced filtration technology aim to improve water quality. In Overtown, programs like Blue Zones cooking classes are promoting affordable, healthy eating and building community, showing residents simple ways to improve long-term health. A nurse double-gloves before handling and preparing doses of the measles, mumps and rubella virus vaccine at a pop-up clinic at the Carrollton-Farmers Branch ISD Administration Building in Carrollton, Texas, on Friday, March 7, 2025. (Liz Rymarev/The Dallas Morning News/TNS) NO. 1: WHY FEWER KIDS ARE GETTING VACCINATED IN FLORIDA — AND HOW THAT COULD AFFECT OUTBREAKS 'I have seen a growing rise in parents who are concerned.' | Published March 15, 2025 | Read Full Story by Michelle Marchante Kayla Smith, 19, left, double check the recipe as the 'Sweet and Sour' cooking team prepare their meal with help from sisters - Dynasty, 19, and Dominique Daniels, 21, right during a pilot cooking program funded by Miami Beach resident and longevity expert Dan Buettner, at the Overtown Youth Center on April 3, 2025, in Miami, Florida. By Carl Juste NO. 2: WILL THIS SOUP LEAD TO A HEALTHIER AND LONGER LIFE? SEE WHAT'S COOKING IN MIAMI They're taking tips from the world's Blue Zones. | Published April 18, 2025 | Read Full Story by Michelle Marchante An orange, floating berm used to collect garbage and debris stretches across the Little River just north of the South Florida Water Management District's flood control device near NE 82nd St and NE fourth Pl. Friday October 15, 2021. The berm also marks the end point for any water vessels heading east along the Little River. To continue along the river past this point boats would have to be lifted out of the water and carried across NE 82nd St. By Emily MIchot NO. 3: BISCAYNE BAY IS POLLUTED. MIAMI-DADE HOPES THIS NEW TECHNOLOGY WILL HELP CLEAN IT UP Three pilot projects have been installed in Miami-Dade rivers and canals. | Published April 1, 2025 | Read Full Story by Courtney Heath Mount Sinai Medical Center, which has its main hospital in Miami Beach, is opening a new emergency center in Westchester. NO. 4: A MIAMI BEACH HOSPITAL IS EXPANDING ACROSS THE BAY. WHAT TO KNOW ABOUT HEALTH CENTER There will be an ER and more. | Published April 3, 2025 | Read Full Story by Michelle Marchante The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Yahoo
22-05-2025
- Business
- Yahoo
Texas lawmakers move to ban legal THC, hemp amid medical marijuana expansion
Texas lawmakers have passed a ban on nonmedical sales of THC, the intoxicating ingredient in cannabis, sending the measure to Gov. Greg Abbott (R). 'If it gets you high, it is not legal anymore' state Rep. Tom Oliverson (R), who sponsored the House bill, told The Dallas Morning News. In passing the ban, Texas joins a wide array of states, including Colorado, Iowa, Arizona, Hawaii and Alaska, that have banned or restricted intoxicating forms of hemp, or the compounds derived from it. It comes alongside a push by Texas Republicans to significantly expand the state's medical marijuana program. Under the new ban, possession of hemp products now carries a dramatically stricter penalty than possession of up to 2 ounces of marijuana. Lt. Gov. Dan Patrick (R) had threatened to hold up the state's ability to pass a budget if the House didn't pass S.B. 3, the companion legislation in the Senate. 'We cannot in good conscience leave Austin without banning THC,' Patrick said in a video posted on Monday. 'I've been here for 17 years at the Texas Capitol — 10 years as your lieutenant governor. I've never been more passionate about anything,' he added. If signed into law, the bill would represent a 'minor earthquake for the state's economy,' the Texas Tribune reported. A study funded by the Texas hemp industry found that the hemp business generates more than $5 billion in revenue and employs more than 53,000 workers, at an average of about $40,000 per year. The Texas Hemp Business Council, which had fought for security measures such as age verification and child-resistant packaging instead of a ban, vowed to sue over the bill, which it said 'dismantles the legal hemp industry.' Since 2019, Texas has been at the forefront of a national experiment in back-door cannabis legalization, after the Legislature passed a bill legalizing 'consumable hemp,' as opposed to the industrial variety used for fiber. That bill followed the 2018 passage of the Farm Bill by the all-Republican caucus. The language of that bill inadvertently laid the foundation for cannabis legalization across the country — provided it was called hemp, rather than marijuana, which is still illegal in Texas for nonmedical use. The law, however, created no guardrails, regulation or safety testing for the new industry that sprung up — something exacerbated by the Food and Drug Administration's refusal to meaningfully regulate hemp-based foods and beverages. Six years later, with pre-rolled joints and THC-infused drinks available at sleek dispensaries and run-down gas stations in the state, many conservative legislators now view that loophole as a mistake. 'What began in 2019 as a bipartisan effort to support Texas agriculture has since been hijacked by a cottage industry of unregulated THC sellers,' Oliverson said, per the Texas Tribune. For medical marijuana providers in Texas and elsewhere, the hemp industry is a wild-west competitor — not subject to the strict safety testing, sales limits or security controls that govern legal marijuana. As such, many of the states that preceded Texas in banning hemp — like Alaska, California and Colorado — have tightly regulated legal recreational and medical marijuana programs, for whom the hemp industry is a wild-west competitor. Texas's small medical cannabis industry has supported of restrictions on hemp, which its leaders say threaten to drive them out of business — and that corner of the industry stands to win big this session. In addition to a ban on its gray-market competitors, new legislation likely to pass this session would widen the number of covered conditions that can be treated with marijuana in Texas, and create licenses for nearly a dozen new dispensaries across the state. But unlike in Colorado or California, recreational users in Texas will be largely out of luck — or will turn to the black market, state Democrats argued. While bill opponents acknowledged the problem of an unregulated industry, they argued that the solution was to make sure the widespread demand for THC was met safely. 'Bans don't work,' said Dallas-area state Rep. Rafael Anchía, (D). 'We'll return to a completely unregulated black market where these products will find their way to young people today. If anybody's to blame about the state of affairs, it's us, in underregulating this marketplace.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
