Peter Popoff
PROTECT YA NECK!! ❤️🖤💚 🙏🏽
My wife is a senior financial analyst. I just learn from her lol. She's helped me build my credit up exponentially.How much for your investment services
Lottery winner rejects 1 million lump sums for 1k weekly payment, right move?
- Thread starter valet
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O.T.I.S.
Veteran
this is the importance of financial literacy as the time value for money means categorically this was a bad call. take the a lump sum & set up a trust fund that has an annual structured pay, term deposit & mutual fund. she'd get weekly checks that accrue & beat inflation
She might be fine and could just invest the 1k in shyt that protects against inflation (art, gold, etc.)
seymour cake
All Star
Gove me my milly upfront life to short to be fukking around. Im tryna live, and im a blow that milly me and my brothers gonna have a ball.. ill just flip a few houses and open up a dispensary.. everything else is up in smoke.
Long term money is a safe bet. If you're still working and doing your thing an extra 4k ain't nothing. You can spend it or flip it.
But upfront money you can get a house now and invest the rest.
Just depends where you are in life
But upfront money you can get a house now and invest the rest.
Just depends where you are in life
what if they go broke? then what?
Peter Popoff
PROTECT YA NECK!! ❤️🖤💚 🙏🏽
Lol, na - we're mostly introverts.Dope af
Does she consult on the side?
35 co-signs. We are so fukked
1k a week is 52k a year. That’s a raise at your job. Or a 2nd job. Moving into a slightly bigger house. Etc. It is not going to significantly change your life.
Mainly bc it’s not enough to aggressively invest. Technically you could set it all aside and invest but 1k is so small that the average person is going to eat into that money with existing needs. It will blend in way too easily and get spent easily.
Conversely, a million up front to a financially literate person can be aggressively invested. Right off top 250-500k can be put away in any conservative vehicle of your choice money market s&p etc and you’ll double that at LEAST, in 10 years. Like that’s literally your retirement. You can also buy property, you can do so much more with that liquid amount instead of bird feeding
With 1k you can’t even retire!
250k in the s&p, using an avg 9% return, would net 3.3 million in 30 years
500k @ 9%, would net 6.6 million
I won’t even calculate the full million out of respect. Plus it’s not feasible she’s invest the whole thing
Although, since the the 1k people keep talking about how ‘smart’ and fiscally responsible she is and how ‘if she saved it all’ she’d have a comfy 2 mill retirement, I’d be remiss not to mention that 1 million in the S&P @ 9% in 30 years would be $13,267,678.47
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Stop at the bolded. My nikka we´re talking about regular people. You win the lottery and everyone is gonna have their hands out.
shyt will be like this:
and fukk it a million dollars in the grand scheme of things is nothing. Buy a fly house in a major american city and that money is gone right there.
You´re talking about nikkas who got twenty pairs of Dunks and nothing in the bank.
Could you flip a million if you invested carefully absolutely but there´s tons of 40 million dollar slaves walking around now that fukked up a 100 million.
At the end of the day this is all speculation about a chick who decided it was a good idea to play the lottery anyone who plays the lottery isn´t too smart to begin with so getting a grand a week and dollar cost averaging that into ETF´s is the smarter play.
I'm saying she gives herself chances to learn.
there´s no guarantees in life.