Lottery

If I had just won the lottery it would hard to stand up, let alone make a million dollar decision. But, I have always said if I ever won the lottery I would take the large sum, rather than the smaller payments over time. Yes, it would be nice to receive $100,000 every year for 15 years, and it may be easier to budget and maintain a normal life, but I feel like I could gain more interest if I took the million dollars. If I invested a large portion of the million dollars, with compounding interest over 15 years I would have more money than if I just invested some of the $100,000 each year. I could also diversify my million dollars in the beginning that way if something crashed I would have another account to back it up. For me this would be the best decision, but it is important to consider your personal financial history and family needs before making an financial decision, especially one as big as winning the lottery.