A huge change in income is hard on people. Someone who has had millions all their life, and suddenly loses it, may not know how to work for a living. Someone who had very little, and suddenly gets millions, has trouble managing and keeping it. I've never played the lottery, because I was actually more afraid of winning than losing. If I won, I'd have to fend off every investment agent, charity, scam, and possibly even friends and relatives for the rest of my life.
To answer directly, though, $30 million should be more than enough to retire on at any age, assuming the money was managed well.
Yes, easily. Put it this way, Let's assume that you worked a normal 9-5 job, earning $40,000 a year, fair career earning right? in 10 years that 400,000, let's say you would spend an average of 40-50 years working, that will be between 1.6 million - 2 million.
30 million will give you more than a luxury life style, and if you invested or spent carefully you could give another generation in your family tree a workless life too :) Hope this helps!
Sure just a couple Million might do if it is invested so it grows, there is a point where you can live off the earnings alone and not tap into the initial fund.
Still investing in Lottery ticks is a very bad plan, I believe Vegas gives you better odds.
You seriously have to ask that? 30 million should be able to support you and your family for life and the next generation and probably the next as long as no one does anything completely stupid.
Unless you are a complete fool
Thank you! :) I believe I will win one day..one day..!
