11 00 on the east coast, and well take you on a journey here through dreams versus reality. The dream is unimaginable, lifechanging wealth instantly. And the reality is that its probably not going to happen. When you wake up tomorrow, you will be facing like everybody else the fiscal cliff. You can have your dessert in a second but first here is your main course. Ready . Remember this guy . I know you do. Its only been three weeks since he came in second in a bitterly fought hugely expensive national election. Dan lothian is at the white house right now where that man is about to meet the man who did win the election, the president , and this is of course, dan, not exactly how mitt romney was hoping to walk through the doors of the white house, is it . Reporter no, not at all. I mean, i think he would have loved to have had it be the other way around where he is the president inviting former president obama to come here. No, the two will be sitting down here at the white house tomorrow having a private lunch in the private dining room. There will be no press coverage but we hope that perhaps there will abphoto. Remember back on Election Night the president talked about looking forward to sitting down with governor romney to talk about ways to move the country forward. This after a very tough campaign where either during the debates or out there on the campaign trail each of the candidates have had very strong words about each others vision for the country. The president was asked about when he would be meeting with mitt romney during his News Conference following the election. He said that he looked forward to sitting down and meeting with him, said there are some good ideas, some things of his record that he would like to talk to him about. When he was pressed on that the president said that he thought that mitt romney did a good job in turning the olympics around and he thought that could apply to the federal government to make it more efficient, to make it more customer friendly. People friendly. And so we expect that some of that will be part of the discussions when the president sits down with mitt romney here at the white house tomorrow. I think the timing of this is also quite interesting because its kind of a high profile showing of bipartisanship at a time when the president is trying to hammer out this fiscal challenge with republicans up on capitol hill. And private dining room, private lunch, no media allowed. Not even a photo op or anything of them sitting down together at the table . Nothing at this point. You know, there are a lot of things that happen behind closed doors such as the president meeting with the ceos today here at the white house, meeting with Small Business leaders yesterday at the white house as well. And we were not allowed to go inside and see that. But perhaps the white house photographer will get a shot and theyll put it out there and well get a chance to see them both together. That would be nice. Im just looking at the list of the logos, a lot of big hitters headed that way. I look forward to hearing the president speak in probably about 32 minutes or so. Well come back to you live as soon as that happens. Thank you for that breaking news off the top. Great to see those two together again in a very different tenor. So okay. Now to the fun stuff. We have heard a lot about the fiscal cliff. I mean youre probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. Got a lot of us worried that were at the mercy of a Feckless Congress behaving more like stubborn kids than responsible lawmakers. Wait. We did promise you a dream off the top of the show. Imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. No debts. No family budgets. And a half billion dollars worth of powerball dreams. That is the jackpot, folks. The powerball jackpot. It just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. Alison kosic is at a 7eleven in new york basically meeting a few of the wannabe one percenters. The truth of the matter, what are the odds . Reporter i know. I hate to throw cold water on your whole dream statement that you gave. Yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. Those are your odds. You know what . I cant help but dream, too. I got a ticket here. One ticket, it could be the winning one. A lot of people lining up throughout the day here at this particular Convenience Store are sort of hoping that their dream comes true as well. But its also leading many to wonder how did this jackpot get so big, a half billion dollars . Guess what . There hasnt been a winner for this drawing since october 6th. What it does is its rolled over time and time again and its grown in size. But the thing is that the chance of this rolling over again, that chance is actually growing even more slim. There is a 5 chance itll roll over again and so that is really creating more of the buzz and getting people out to really buy up tickets and certainly increase the jackpot even more for whoever wins. Ashleigh . Yeah. I dont like to hear that more people buy. I like the high jackpot but it takes my chanceasway of winning. By the way, real quickly have you been seeing a lot of people walking in there buying lots of tickets, more commonly for office pools than just for their own wallets . Reporter you know what . For the megamillions, which i watched closely in march, i saw a lot more office pool buying. Today im not seeing that. Im seeing everybody for himself. I see everybody saying theyre buying tickets for themselves. But they are talking about being more charitable if they win, giving their winnings to Family Members. Oops. Helping Family Members out. Also giving to charities. So they are talking about, you know, maybe winning it themselves. Dont tell me that was people fighting in line. Dont tell me that was just two people going at it to get a better spot in line. Nothing that interesting going on here. No, no. Okay. Did you get in on our office pool, kosic . Reporter no i didnt but if i win ill share. Okay . You have my word. I dont believe you. But thank you for being so adorable. Reporter im shocked. All right. Stick around. Dont go anywhere. Speaking of the office pools, there are a couple office pools going on behind me in fact. I know a few of those folks are in on one. I can also tell you these are my two office pools. You know what . Can you see the highlighted portion . The highlighted portion says christine romans, Soledad Obrien and ashleigh banfield. Look whos here. You guys are going to do it and i didnt. I feel terrible. Look, i dont think it is an investment. Its a gamble and i just want to be part of the fun. I dont think ill win. You are adorable. I believe you were in on the last big office pool as well. I appointed myself the money manager if something happened and we didnt get it. This time too . Absolutely. When we win. Ill take an extra 2 of your winnings to be the manager. There is a reason i do this. A little later in the program after you tell me how well invest these winnings properly so we dont end up broke nan a gutter somewhere because that happens there is a reason you need to do this and you need a photo copier to make sure you enjoy the millions and millions. Absolutely. There are lawsuits often about office pools. People get in a lot of fights about that big pile of money suddenly, you know, i put 2 under your key board. I was supposed to be in. I covered you for the money. There are lawyers that specialize in this. One is going to be on the program after you. Awesome. You are about to tell us how well turn several million or a hundred or 200 million into a billion. Yes. Here is the thing. We all look at the lottery winnings and how i would spend the money. Rich people think differently. Rich people think how will i grow the money . There are a few of those lone lottery winners who immediately sit down, assemble a big Financial Team and set out to grow money. Most people recommend you take the lump sum. A guy in 2005 did that. Brad duke. A 220 million winning and he took the 80 million lump sum. He was a gold gym franchise manager, five different franchises in idaho. Won all this money. He sat down, made a plan, and he set out to grow the money. Wanted to be a billionaire. So this is what he did. He put 45 million into investments, low risk like bonds, 35 million into aggressive investments like oil and gas. Set up a family foundation. Paid off his mortgage on his 1400 square foot house, paid off his student loans. He also indulged a little bit. I think you want to quiet people around you so they stop asking for money. Went on a trip, bought a bunch of new bikes, bought a used vw jetta. A bunch of new bikes . 65,000 . 65,000. Gave them away. Every year he gives 12 grand which is the annual gift limit to each Family Member before they have to pay taxes on it. I heard he gave his jetta to a nephew or niece and then bought an older one. So he gave a 2005 jetta to his Family Member then bought a people who are filthy rich, most people and who grow their money or earn their money, they do it by living 15 below their means. That is how you grow your money. I want to show something really quickly. Just roll that video. Our colleague robin meade is so cute and funny and was doing this interview with this powerball reporter in indiana, wishtv. Jessica hayes was the reporter. Roll the video so i can show our audience how it looked. Here is the reporter and look at the background. There is this mascot that took her job really seriously. And started doing gangnam style while the lotto official was trying to do a serious interview. And this whole thing kept going all morning long, which leads me to the question of lotto fever. I mean, it does get people a bit giddy and they do tend to think it is all one big party. It is escapism. Look, Financial Planning is not buying a lottery ticket. I feel really terrible about people who every week are spending more on lottery tickets than investing in a 401 k or 529 college savings. But it is escapism from all good financial doom and gloom. Were going to escape. Tahiti . All right sister. You do the organizing. Ill find the drinks. Ill get the babysitters. Plural. Better. Good luck tonight. You too. And the legal implications . Really, really important. Because your megamillions could turn into megadisaster. Well tell you how not to in a moment. Shopping for Medicare Coverage . Dont wait. Open enrollment ends december 7th. Nows the time to take action. Call unitedhealthcare today. Is there breaking news thats been happening this morning . We just told you off the top of the Program President obama is going to meet with his former challenger mitt romney at the white house tomorrow. That is exciting. Then also there is something that is going on right now. There is a meeting right now between the u. S. Ambassador to the u. N. Susan rice, who has been under a lot of criticism lately for the things she said after the benghazi attack in libya. And also with the Top Republican in the Homeland Security committee, senator Susan Collins of maine the republican from maine. We think that meeting might break up any minute while were in this program live and if it does ill interrupt what i am doing or about to do hopefully to have a few words with the good senator about how the meeting went. If it was anything like yesterday, ooh, didnt go so well with the senators she met with yesterday. So forgive me if i have to interrupt. I want to go back to the whole thing about office pools. I know a lot of you do this. You get in on these lotto winnings with your friends at work and if you actually win one of the big lotto pools with like oo other best friends at work you have what are you going to do . Because one person has the ticket. Right . Sometimes they say oh, wait. That ticket . I bought that separately. I bought that one at home. That was from my private stash not from my pool. Oh, well then can of worms. And it gets really messy. And there are actually people who deal with problems like this. In fact, jason is a new York Attorney with the estate and Tax Planning Group and has already dealt with clients who have won hundreds of millions of dollars including a 254 million lotto jackpot and then a 336 million winning in rhode island. So the lotto pool, i showed earlier, i think you were probably in the background as i was showing the lotto pool we collected here. That is your pool. Im in two. I like to get in on as much as i can. There is a reason i photo copied these things and a reason well somebody did it for me which was very friendly. The list of us at the back of i are all the tickets. There is a reason i did that. I think it is because i read an article about you. Can you explain why it is so important to do this . Absolutely. Heres the thing. Everybody dreams about winning the lottery but nobody actually thinks they are going to win so nobody acts as if they are handling a 500 million transaction. Would you handle a 500 million transaction with a handshake or trusting a coworker . Of course you wouldnt. So although its understandable that you dont think youll win because the odds are so astronomical you have to treat this as if it were a real half a billion dollar transaction. What do you do . Perfect. You make photo copies of all of the tickets. Everybody gets this. Everybody gets it. Not just me. With a cover email saying everybody on the email is going to split this evenly if we win. That covers a few things. First you know you have the tickets there. You know youre on the list. You paid your two bucks. Not somebody who was absent that day or getting a cup of coffee when they were collecting the money who is going to say im always in it. What about me . These are the people who are on it. Youre in it or you dont win it. Right. What about the guy who says hey i know youre headed to the Convenience Store to get it. I dont have the two bucks on me. Spot me the two bucks. You know im good for it. Does he have a chance . He has a chance but there is going to be that email and if the person who bought the ticket was smart theyd say listen i didnt get your 2. Youre not in this. You know if you want in let me know and ill buy another one and recirculate the email. Something like that. Basically do the lending, do whatever you want but if you are not on this master list and you dont have a copy of the tickets attached youre out of luck. Exactly. It also protects the person going to buy the tickets. My next question. Im going to get the tickets. On this pool theres like look at this. A whole bunch there are multiple tickets, like 80 ticks on this. Crazy. And i want to buy one for myself. So im going to get the one for myself and put it in my bag or my pocket. Right. I know for sure im protected. Yes. If i have the other tickets photo copied and its not on the copy list. That is how you protect yourself. Is there anything else i need to know legally . That seems very simple for a very large transaction. So few people do it. There are office pools all over. Do you have a worst Case Scenario of people who spent 3 4 of the jackpot just trying to litigate . That would be a lot of legal fees. That would be like a lawyers dream but that is way too much. Way too much money to spend on lawyers. Who would do that . But yeah. Litigation waiting to happen if not corrected. I admire what you do. I hope you dont end up making money off the next one and people do it the right way. Thanks for coming in. Maybe well see each other in another life. Maybe tomorrow perhaps. Back in a moment. Thanks. People really love snapshot from progressive, but dont just listen to me. Listen to these happy progressive customers. I plugged in snapshot, and 30 days later, i was saving big on car insurance. With snapshot, i knew what i could save before i switched to progressive. The better i drive, the more i save. I wish our company had something this cool. Youre not filming this, are you . Aw camera shy. Snapshot from progressive. Testdrive snapshot before you switch. Visit progressive. Com today. Do you really think brushing is enough to keep it clean . While brushing misses germs in 75 of your mouth, listerine® cleans virtually your entire mouth. So take your oral health to a whole new level. Listerine®. Power to your mouth™. Of green giant vegetables its easy to eat like a giant. And feel like a green giant. Ho ho ho green giant you know to be secretary of state of the United States of america is our top diplomat and chief International Fixer so to speak. You certainly do need a cool head. You need strong nerves and a lot of grace under incredible pressure. So maybe susan rice can think of her capitol hill damage control tour as practice for that job. Today the u. S. Ambassador to the u. N. Who at this point has not been nominated for anything else other than what she is currently doing, is meeting with two more republican senators and they are Susan Collins of maine and bob corker of tennessee. If you were with us yesterday youll remember that her bid to set the record straight with senators john mccain and Lindsay Graham and kelly ayotte could hardly have gone worse. They were more inflamed about rices early Public Comments about the benghazi, libya attack than they had been before that meeting. Cnns dana bash has been watching all of this prenomination confrontation drama and joins us now to talk about this. I know youre trying to wrangle an interview and make sure you catch the senators as they emerge from the meetings. Dana, it might sound to some as though some of the critics of ambassador rice feel differently about what theyre criticizing. They dont all seem to be in lock step or at least have the same complaints. Reporter thats true. No question that there are Different Levels of issues that senators are upset about. I have to tell you the reason im on the phone now is because im waiting for a very important meeting that susan rice is having as we speak to wrap up and that is with senator Susan Collins. Why is it important . Because if she is nominated to be secretary of state and assuming that the republicans she met with yesterday stand by the