Everyone who won $2 billion on the Powerball breaks every rule that financial planners live by
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Edwin Castro won a $2 billion Powerball jackpot in November.
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Castro has been spending his money quickly and making poor financial decisions.
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He bought multiple expensive mansions, including one in the Hollywood Hills and one in Altadena.
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Castro also purchased a $250,000 Porsche 911.
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Maintaining these homes will cost Castro between $765,000 and $3 million per year.
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Financial managers advise against making big purchases immediately after coming into a large sum of money.
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Castro chose to receive $1 billion right away, resulting in a decreased amount after taxes.
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Castro's hasty spending and investments in high-end real estate may lead to him losing all of his money quickly.
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