Content of the material
1. Start a Business
Maggie Cook, 37, had no business experience when she founded Maggie’s Salsa in 2004. Born in Mexico to American parents who ran an orphanage, she had developed a knack for making salsa. “The only thing I knew how to do was chop salsa ingredients into a bowl,” says Cook. But friends at the University of Charleston, in Charleston, W.Va., raved about her recipe, so she decided to enter it in a contest at Charleston’s Capitol Market, a year-round farmer’s market. She won.Skip advert
What Are My Chances of Winning a Lottery Jackpot?
The chances of winning the top prize in the most popular lottery games with the highest jackpots are pretty slim. For example, in 2022, the odds of winning all or a share of a Powerball jackpot were 1 in 292.2 million.
The 18th bet
Our goal is only $1 million, but after our 17th winning bet we’ll have $655,360.If we bet the whole thing and win, we’ll overshoot our goal. So, instead, on the last bet we’ll bet only $344,645. If we win, we’ll wind up with $1,000,005. Remember, we started with a $5 bet, and our goal is to win $1 million, not $999,995, so we have to wind up with $1 million + $5, to have won an entire million.
Options for Dealing With Prizes
Now that you know the strings attached to a big win, what can you do? With most prizes, you have five options:
- Keep the prize and pay the tax. This is the best option if you can afford the tax bill and can use the prize.
- Sell the prize and pay tax on the proceeds. If you don’t want the prize or if you can’t or don’t want to pay the taxes on it, you can still benefit from your win by selling the prize.
- Receive a cash settlement instead of the prize. If you take money instead of a tangible object or amenity, at least you’ll have the money to pay the tax that’s due.
- Forfeit the prize. If the prize isn’t worth the trouble to you, you can just refuse it.
- Donate the prize. In some cases, you can donate the prize to a government agency or tax-exempt charitable organization without paying tax on it.
8. Earn Income on the Side
A part-time job or side gig courtesy of the sharing economy could be the ticket to generating some extra cash. If you invest the money or use it to, say, help you buy a house, you’ll get closer to your $1 million goal.Skip advert
Danielle and Joe Haymes of Houston found a side gig they love two years ago after searching for a place to board their two dachshunds. Danielle is a technology instructor for a local school district and Joe is a sales manager, but they decided to become dog sitters on the side after learning about DogVacay, which matches pet sitters with dog owners. The Haymeses usually take in three to four dogs at a time, depending on their schedules. In 2015, they earned about $13,000; the year before, they earned about $12,000. (Sitters set their own rates and pay 20% to DogVacay.) That income alone might not make them millionaires, but they’re planning to use it as leverage to reach a larger goal: They have saved most of the money as a down payment on their dream house in a neighborhood with a great school district.
How many spaces are on the Wheel of Fortune bonus wheel?
There are 24 spaces on the bonus wheel, meaning all contestants who have a million dollar wedge added to the wheel have a one in 24 chance of taking home the big win. When a the million dollar wedge is added to the bonus wheel, it replaces the next biggest prize, which is the $100,000 wedge.
Can you try this online?
You can, but the table limits are lower. The max bet in baccarat is $500 at Bovada, meaning the most you can win there is $1000. Still, your odds of getting to $100 from a $5 (about 1 in 200) are a lot better than getting to $1 million (1 in 260,000).
How do you get on Wheel of Fortune?
To appear on the popular show, you can fill out a contestant application here. The show accepts teenagers, adults, students, and more! Good luck!
Are Pat Sajak and Vanna White married?
Truth is, while Pat and Vanna would make the perfect couple, the two hosts of the long-running series aren’t married contrary to many people’s beliefs.
Vanna, 60, was hitched to George Santo Pietro from 1990 until 2002. Pat, 71, was married to his first wife, Sherrill Sajak, from 1979 until 1986, then later wed Lesly Brown in 1989, and the two are still married today!
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