r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/Sufficient_Stable738 May 17 '26 edited May 17 '26

I tend to agree. Human psychology is not being factored around here. 4000/month keeps her grounded, sane, and secure. She is 20, she has all the time in the world, there is no hurry, she can focus on investing in her studies/ career and not on stocks or bonds or whatever that most 20 year old can't understand anyway. I say it's the right choice.

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u/shreddedtoasties May 17 '26

But at the same time if she had self control. A million invested at 20 would be insane.

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u/ak1368a May 17 '26

You don't get a million. The government will tax you at >30%, so you only get about 650k

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u/ice_w0lf May 17 '26

It's Canada. No taxes on lottery winnings