I was just watching a video where Mark Cuban (Shark Tank) said winners should take the long payout to avoid the risk of blowing it all.
A friend of my wife won the lottery over 2 decades ago. She was young and chose the 20 year payout. Still well over a million a year. She didn't let it affect her life. Finished college and went on to a teaching career where she met and became friends with my wife. Wife had no idea she was a lottery winner. One day when she was visiting it just came up in conversation about current events. Wife goes: "What?" She had assumed my wife had known or that she had told her long ago and was surprised my wife didn't know.
But it shows how one can live a fairly normal life and good for her. Especially at her young age at the time.
As an aside, the payout turned out to be by far the best decision. Interest rates were high at the time and a lump sum would have been far, far smaller. Interest rates decreased a lot over the next 20 years.
A friend of my wife won the lottery over 2 decades ago. She was young and chose the 20 year payout. Still well over a million a year. She didn't let it affect her life. Finished college and went on to a teaching career where she met and became friends with my wife. Wife had no idea she was a lottery winner. One day when she was visiting it just came up in conversation about current events. Wife goes: "What?" She had assumed my wife had known or that she had told her long ago and was surprised my wife didn't know.
But it shows how one can live a fairly normal life and good for her. Especially at her young age at the time.
As an aside, the payout turned out to be by far the best decision. Interest rates were high at the time and a lump sum would have been far, far smaller. Interest rates decreased a lot over the next 20 years.
via International Skeptics Forum https://ift.tt/2U5wQ1i
Aucun commentaire:
Enregistrer un commentaire