OK, maybe I'm being a bit harsh, but bear with me here. I'll explain...
Last year, you may have remembered when the Powerball lottery reached a record high of $1.5 billion.
Billionaire Mark Cuban (you may have seen him on Shark Tank) gave his best advice to the eventual winner...
"Tell all your friends and relatives no. They will ask. Tell them no."
You see, when someone suddenly receives a boatload of money you know there will be tons of friends and family members who will try to get a piece of the action.
I think the same thing when I see the well-known billboards boasting "I Got $500,000" or "I Got $1 Million" and featuring a smiling couple.
I have to wonder why the smiling couple agreed to be featured. What are they getting out of it?
So far as I can see nothing but misery.
When the entire town knows you've come into some money, you can bet a ton of solicitors and "old friends" will be hitting you up for cash.
Wouldn't you want to keep your identity private and avoid the hassle of dealing with Cousin Joe and his "awesome" new investment ideas?
Then I wonder, what does that law firm get out of making injury law look like winning the jackpot?
Not every case is the same, and most injury victims would rather have their health and livelihood than a check.
You'd be a fool to let others believe they could be the next million-dollar celebrity on a billboard. (Besides, you don't typically get to keep your entire settlement. Watch my video about that by clicking here.)
That's just my 2 cents. What's yours?