🗞️ https://ca.news.yahoo.com/20-year-old-lottery-winner-decides-against-1m-lump-sum-opts-for-lifetime-weekly-annuity-in-hopes-of-buying-a-home-120026248.html

20 years to receive the full amount. I made the math. And in 20 years, with 1 million you don't know if you would by a brick of milk.

That's how I'd do it. I'd blow that million in a couple months one way or another. Dont last as long as it used to

That’s what happens when you have no financial education — you end up making the dumbest choice. Instead of receiving one million and finding countless ways to grow that money, she chose $1k per week, which she might not even get if something major happens in the country. Idiot.

Clearly she has no idea on finance. I don't know how much tax should would pay to cash in the millions, but if it's invested at 2%, she would already get that 1000$/month as interest. Not even talking about buying BTC with it and hold for 10 years.

Stay humble, stack sats. She should have bought bitcoin.

Someone who trusts the system to still be there when they die... Someone who hasn't thought through the possibility that interest and inflation will impact that 1000$. Someone who hasn't thought about passing anything on to their next of kin when they do die. The lump sum would have been a bett...

A lifetime supply of pudding would hold its value better

No brainer: Take the million, pay the tax, stack the SATs. Go to work the next day: stay humble and stack more SATs.

This is completely and utterly idiotic.

Fiatmaxi.

Fuck no ! , she doesn't know a fuck how this wolrd works ...