A Powerball winner’s 6 secrets to staying rich

The stats are ironic. There are near-impossible odds to hit a Powerball jackpot (one in 292 million), yet a high probability that those that do will squander it (70% of lottery winners go broke). Not Tim Schulz. In 1999, he was a 21-year-old buried in student debt and working at a gas station for minimum wage before an improbable $28 million Iowa Powerball win instantly reversed his circumstances.

More than 25 years later, Schultz is happy, successful, and still wealthy. He invested the majority of winnings...