A retired brewery operator from Quebec was in shock when he first got the phone call telling him to check the results of the previous night's lottery draw.
Money now is worth more than money later. Especially since it would take almost 20 years to make 7 million at 1000 a day(7000000/1000/365 please correct me if I did that wrong). Also, in that 20 years you’ll make about 11 million at 5% compounding interest on 7 million capital. That’s without spending anything. Taking out low interest loans to pay yourself back for your expenses shouldn’t eat up too much though.
Money now is worth more than money later. Especially since it would take almost 20 years to make 7 million at 1000 a day(7000000/1000/365 please correct me if I did that wrong). Also, in that 20 years you’ll make about 11 million at 5% compounding interest on 7 million capital. That’s without spending anything. Taking out low interest loans to pay yourself back for your expenses shouldn’t eat up too much though.