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How about buying a $50 million mansion, complete with a champagne room and DJ turntables?That’s apparently what Powerball winner Edwin Castro did in late 2023, according to USA Today.But those dreams almost came to an abrupt halt when Castro was accused of stealing the winning ticket in a 2022 lawsuit filed by someone who claimed to have purchased the ticket.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPIt seems that Castro’s luck struck again when a judge ruled in his favour, dismissing the case due to the plaintiff’s lack of response to a court motion, according to an October report.Since winning the historic $2.04B jackpot in 2023, choosing a lump sum payout of $997 million, Castro has purchased a luxury Los Angeles property for $47 million, a $25.5 million home in the Hollywood Hills and a $4 million home in Altadena, California.But were these wise investments for such a large cash windfall?Paul Karger, co-founder of wealth advisory firm TwinFocus, told Fortune that luxury homes often become “a major ongoing financial burden that [can take] several years to sell.”Simply maintaining a home can cost 1% to 4% of its value annually, which means Castro could potentially spend millions of dollars each year just to hold on to these properties.So, even if you have the funds to buy three luxury properties, you need to understand the overall expenses of owning and maintaining a home. Also, you need to budget for these maintenance expenses and property taxes. Understanding your finances and proper budgeting can help you mitigate any financial burden that may arise from impulsive purchases.Advisor.com can help you find a vetted financial advisor who can help you manage your finances and make smart investment choices. All you have to do is answer a few basic questions and Advisor.com will match you with a certified expert within minutes.You can then set up a free, no-obligation consultation to see whether they're the right fit for you.Tying up your fortune in large properties isn't necessarily the best way to build wealth. 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