There’s something to be said for the consistency of an annual payment, but receiving a ridiculous amount of cash upfront is pretty appealing as well.

And while numerous studies have shown the dark side of winning the lottery, with up to 70% of those who hit the jackpot spending it all within seven years, a good financial planner and careful decision-making can surely keep you on the right side of that statistic. Putting a down payment on a reasonable home is probably a better decision than paying cash for a Ferrari, however awesome that may be in the moment.