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Re:Money Really Does Lead to a More Satisfying Life by epx on Saturday August 25, 2018 @08:05PM (#17843335)
I have a slightly more convoluted explanation: There are two types of money. Capital money (or seed money) and income money. People don't understand the difference.

When you win the lottey, you get seed money. This money is "worth" 200 times less than you think it's worth, because you can only spend it once. If you put e.g. 10 million in an investment, you get an allowance of less than 50k/month to spend without eroding the original capital. That's the true "value" of this lottery ticket.

Re:Money Really Does Lead to a More Satisfying Life by s0rce on Saturday August 25, 2018 @09:12PM (#17843617)
10M in capital, you should be able to live conservatively on 300k/yr (today's dollars) without running out. Probably more.
Re:Money Really Does Lead to a More Satisfying Life by epx on Saturday August 25, 2018 @09:46PM (#17843747)
My estimation was more optimistic (50k/mo = 600k/yr), but yeah, the less you spend the better.
Re:Money Really Does Lead to a More Satisfying Life by s0rce on Sunday August 26, 2018 @12:06AM (#17844191)
Oh, I thought you meant yearly.