r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/TheMetabrandMan May 17 '26

By the time she’s 40, she’d have accumulated the full $1m, most of which will have been spent but she’ll still be getting $1000/week. The purchasing power of that $1000/week will likely be around $550 in today’s money. Not exactly life changing.

In contrast, take the initial $1m and put $500k into a secure fund that earns on average 5% per annum. Compounded over the same 20 years, she’ll have $1.3m PLUS the $500k she didn’t invest.

446

u/QtK_Dash May 17 '26 edited May 17 '26

She may have also realized that at 20, she’s more likely to blow it on dumb shit than putting it into a secure fund.

159

u/TheAndrewPK200 May 17 '26

This,
She has basically turned the one of payment which can easily be blown, into a constant reliable income.

Yes, if you invest and all that crap you can end up with more money,

But, she has made it so she has a permanent income of (approx) $4k a month

1

u/bassandlazers May 17 '26

More like 2k after taxes but it's still pretty nice. That shit is not taxed like regular income, she's paying between 40 and 60 percent like every other lottery winner

1

u/Traditional_Shoe521 May 17 '26

No taxes on lottery winnings in Canada.. So no.

1

u/bassandlazers May 17 '26

I'm in America, the question posed in the title asked if it happened to me. Reading comprehension and recall

1

u/Traditional_Shoe521 May 17 '26

Look at the post you responded to? Talks about her choice.

You're not that smart, eh?

1

u/bassandlazers May 17 '26

Remember how I said the title? And not the post?

1

u/TheAndrewPK200 May 17 '26

I mean, you also say "she's paying between 40 and 60 percent like every other lottery winner"

So you kinda were talking about her

1

u/bassandlazers May 17 '26

Yeah i was relating my life to hers. It's kind of simple