Q: I recently won $200,000 in Lotto. We owe about $125,000 on our home. The value of the house is about $1 million.

I'm thinking we pay the mortgage off first, then I'm wondering what to do with the remaining amount? Or do we invest the full amount in something else, for example, another property, given the low interest rates?

A: Many people would love to have to your problem! Your win is substantial, but not seriously life-changing, which is probably perfect. Research on big winners in lotteries shows many don't end up happier.


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