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The reason why so many jackpot winners go broke is because their relationship with money before their windfall usually sucks. If you want to know how you would handle winning the lottery or even getting a raise – look at how you handle the money you have now. Lots of people think, “If only I made a bit more each month, everything would be better.” The truth is, generating more income won’t always solve your money problems. More often than not, this is what happens…
Jon Najarian is a legendary options trader, hall of famer, and TV celebrity. Many know him as a best-selling author and the host of CNBC’s Halftime Report.
Jon earned the nickname “DRJ” - Dr. J - from his time working on the hardknock Chicago trading floor of the 1980’s, where he competed against some of...View More By Jon Najarian
Senator Mitch McConnell has been grabbing a lot of headlines for his stance on the possibility of state and local government bailouts. I agree with him on this point, but it opens up a bigger logical problem with government inconsistency…
Many people today look at our current crises and ask, “What is our government going to do about it?” And I believe that question is a major part of our crisis: Too many people expecting our government to solve our problems. Too many people are dependent upon the government for a paycheck.
The world is changing rapidly. The school systems are not. Schools continue to teach people to leave school in search of a high-paying job. This is financial suicide. Always remember: A job is not an asset, nor is money an asset, nor is a home an asset. The worker’s savings in their retirement plan is only a source of cash for true capitalists. When markets crash, as they always do, the workers lose, and the capitalists win. Find out how to join the winners.
I have a college degree from a great school, but I learned nothing about money. In fact, what I did learn in school about money actually held me back when I entered the working world. It’s being drilled into the heads of students across the U.S. that you have to go to college to be successful in life, but in many cases, college isn’t a solid investment in your future. It depends on exactly where you’re planning to go in life. If you want to be a doctor or lawyer, you definitely need to go to school. But if you’re going to be an entrepreneur, you don’t necessarily need a college degree.