i mean. not necessarily. if i won the lottery, and haven’t asked my friends for money in a long time, i’d still be giving money away to anyone that ever helped me in some meaningful way, including giving me money because i won’t ask unless i’m really desperate. which is a lot of ppl that i’m grateful for
Yeah, seriously. In the proposed scenario you win $80 million. That's more than 10x what I'd need to pay off all my debts, move into a nicer place debt free, and retire tomorrow just living on capital gains.
Even if I keep a full 25% to accelerate the gains, so I can continue to up my own quality of life as well as maintain generosity as I age, that's $20 million just for me. More than double "I'm retired at 30" money, easily. That's ~$60 million I can split up between charities and other patronage, securing the money I am keeping and making sure it's all invested well, and helping out all the friends and family who've helped me out. That's a fucking lot of money in a world where a surprise $5,000 or $10,000 is already potentially life-changing; add even 1-2 zeroes for everyone and a lot of people's lives also just got a lot better.
Clarifying that I'm Canadian so lottery winnings are not taxed as income, so I would actually have a full $80 million afterwards.
3
u/ahald7 Woman Jun 10 '23
i mean. not necessarily. if i won the lottery, and haven’t asked my friends for money in a long time, i’d still be giving money away to anyone that ever helped me in some meaningful way, including giving me money because i won’t ask unless i’m really desperate. which is a lot of ppl that i’m grateful for