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The 6 whiteboard tips from this $192M Powerball lottery winner can help you win

US Powerball winner Matthew Good won a half share of the 2012 Arizona Powerball and took home $192 million as his all-cash share of the $587.6 million jackpot. 

Winners get plenty of advice on how to handle their win - including well-meaning tips from family. But after Matthew Good and his wife learned of their good fortune, the first thing he did was put together a team of financial advisers.

The Goods even used a whiteboard to write down how they wanted to allocate their windfalls. Columns on the whiteboard included entries for financial, legal and 'fun.'

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When Forbes Magazine writer Kelly Phillips wrote about the winning couple, she said that they gave some good advice on how to handle large lottery wins:

1 - Don't be afraid to ask for help. The first thing the Arizona winners did was assemble a team of financial, legal and tax pros to offer advice. Everyone should have those folks at their fingertips, not just lottery winners.

2 - Don't overspend. The winner spent a mere $10 for the winning ticket - which he apparently broke a $20 bill to do. In his case, spending another $10 wouldn't have produced a different result.

3 - Be cautious. If you immediately tweeted you'd won the lottery - that would have been wildly silly. The winners got it right and got their heads together before they made an announcement.

4 - Pay attention to timing. It matters. Whether you're struggling with when to pay a medical bill or sell a stock, those choices have consequences based on timing.

5 - Be thoughtful. Don't rush into big financial decisions without looking at all the possibilities. Ask questions. Create spreadsheets like the Goods. Wonder 'what if?'

6 - Take chances. Do your homework but don't be afraid to take a risk. That's what keeps life interesting.

READ MORE: CNN

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