7 million lump sum winner in reality will lead a miserable life as his friends and relatives from nowhere will show up at his doorstep looking for financial help and interest free loan.😅😅😅
@@pwong0227 valid point. Some dynamite business ideas too I’m sure. Most people would be terrible at trying to manage that lump sum. I’d probably just move, haha.
I am saying as proof that I have documented this as my daily manifesting: the minute I win the lottery, Kent, you will be contacted immediately! Yes, that's right you are my first contact ❤
@@onyx368 I bought one yesterday because my son was excited about winning $80 million. Hopefully my manifestation doesn’t interfere with yours. Maybe we’ll split it 😉
@ 1000 a day it takes 19.2 years to make back 7,000,000 . So 19.2 years is your breakeven point. If you are young enough that your likely to live longer than 19.2 years thats the better option. Even better yet live on 100,000 a year and invest the other 265,000 at a modest 5% that would generate $465,00 after 10 years $718,849 after 20 years $1,183,952 after 30 years just in saving if you spent 100K a year to live on. To get a bit more accurate you may want to index your spending to inflation but Id need better software to do that calculation.
Love this video! I can’t imagine spending it all! I’d max out my tfsa. Lobby the government for a major increase on the tfsa contribution room! Buy a big Annuity and put the rest in vfv. Maybe max out my kids tfsas. Thanks for the great video!
@@kjair1431 thought it was a fun topic of conversation. Always fun to think about what you’d do if you won. We’ll be happy to sell you the annuity, haha 😆
Who would put the whole $7M into a 3.5% GIC? No I would have it invested into various buckets making much more return and sheltering from risk of market downturns.
@@mikekovacs8981 I mean, that certainly wouldn’t be my advice, as I stated in the video, but I was just trying to find a comparison that made simple sense.
![Hunxho - Ball Forever [Official Video]](http://i.ytimg.com/vi/nki9ZTF9Uls/mqdefault.jpg)
It’s amazing how fast that 20 years go by
@@bernhardhiebert2597 it certainly happens faster than you’d think.
7 million lump sum winner in reality will lead a miserable life as his friends and relatives from nowhere will show up at his doorstep looking for financial help and interest free loan.😅😅😅
@@pwong0227 valid point. Some dynamite business ideas too I’m sure. Most people would be terrible at trying to manage that lump sum.
I’d probably just move, haha.
Nope,just move away,you can live any where you want.If it was me,no problem i would tell them all to f**k off,oh and have a nice life LOL.
I am saying as proof that I have documented this as my daily manifesting: the minute I win the lottery, Kent, you will be contacted immediately! Yes, that's right you are my first contact ❤
@@onyx368 I bought one yesterday because my son was excited about winning $80 million. Hopefully my manifestation doesn’t interfere with yours. Maybe we’ll split it 😉
@ 1000 a day it takes 19.2 years to make back 7,000,000 . So 19.2 years is your breakeven point. If you are young enough that your likely to live longer than 19.2 years thats the better option.
Even better yet live on 100,000 a year and invest the other 265,000 at a modest 5% that would generate
$465,00 after 10 years
$718,849 after 20 years
$1,183,952 after 30 years just in saving if you spent 100K a year to live on. To get a bit more accurate you may want to index your spending to inflation but Id need better software to do that calculation.
Nope take it all.
Love this video! I can’t imagine spending it all! I’d max out my tfsa. Lobby the government for a major increase on the tfsa contribution room! Buy a big Annuity and put the rest in vfv. Maybe max out my kids tfsas. Thanks for the great video!
@@kjair1431 thought it was a fun topic of conversation. Always fun to think about what you’d do if you won. We’ll be happy to sell you the annuity, haha 😆
Who would put the whole $7M into a 3.5% GIC? No I would have it invested into various buckets making much more return and sheltering from risk of market downturns.
@@mikekovacs8981 I mean, that certainly wouldn’t be my advice, as I stated in the video, but I was just trying to find a comparison that made simple sense.
🤩😍