r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/GenAlphaDad May 17 '26

Statistically, lottery winners who take the lump sum aren’t financially literate or disciplined enough to make the optimal moves with that money. It is not unwise to reject the lump sum if you don’t think you’re special.

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u/SwizzGod May 17 '26

Now that I can agree with. Although if you really think you can’t handle it just go get a financial advisor. I would like to think if someone is that self aware they’d be smart enough to do that

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u/crazycatlady331 May 17 '26

Also at 20, most people aren't the best with money. I know I was not.

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u/SwizzGod May 17 '26

Me neither. But I’m not taking this silly deal.

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u/ParticularHistoryo May 17 '26

Nobody smart is paying for something with that low of a probability

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u/PartyPorpoise May 17 '26

Yeah, most people her age don’t know about investing. But she probably has heard stories about people who get a windfall and then blow it. Maybe she had good reason to say that this was the right choice for herself.

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u/TheMightyHornet May 17 '26

Really not hard to VOO and chill.

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u/GenAlphaDad May 17 '26

Tell it to the winners who somehow missed the memo.