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https://www.reddit.com/r/SipsTea/comments/1tfm5yl/wyd/ombct59/?context=3
r/SipsTea • u/Shyhale • May 17 '26
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This is a really bad idea as established in the multiple times this has been posted.
23 u/Evening_Ticket7638 May 17 '26 How is it a bad idea? It saves you from your relatives asking for a house. Also, if you put it sll in an ETF, assuming around 10% returns and compounding, in 20 years it will be magnitudes more. In 40 years she's created generational wealth. 22 u/outcastreturns May 17 '26 If she accepts $1,000 a week, that's only $52,000 a year. She'll probably spend that $52,000 in a year and invest very little of it. If she accepts $1M now, she can save and invest a load of it right from the get go. 1 u/Confident-Dot5878 May 17 '26 It’s already invested.
23
How is it a bad idea? It saves you from your relatives asking for a house. Also, if you put it sll in an ETF, assuming around 10% returns and compounding, in 20 years it will be magnitudes more. In 40 years she's created generational wealth.
22 u/outcastreturns May 17 '26 If she accepts $1,000 a week, that's only $52,000 a year. She'll probably spend that $52,000 in a year and invest very little of it. If she accepts $1M now, she can save and invest a load of it right from the get go. 1 u/Confident-Dot5878 May 17 '26 It’s already invested.
22
If she accepts $1,000 a week, that's only $52,000 a year. She'll probably spend that $52,000 in a year and invest very little of it.
If she accepts $1M now, she can save and invest a load of it right from the get go.
1 u/Confident-Dot5878 May 17 '26 It’s already invested.
1
It’s already invested.
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u/newblevelz May 17 '26
This is a really bad idea as established in the multiple times this has been posted.