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Canadian Grandmother Thrilled to Win $40K in Lottery - But It's $40 Million

this is a discussion within the Everything Else Community Forum; Originally Posted by SloMotion ........ doesn't sound like it, she's already making plans on how to spend it ... but then again, $40mil is a lot to blow through ... and they don't pay taxes on lotto winnings in Canada ...

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Old 04-13-2013, 02:15 AM   #1
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Re: Canadian Grandmother Thrilled to Win $40K in Lottery - But It's $40 Million

Originally Posted by SloMotion View Post
........ doesn't sound like it, she's already making plans on how to spend it ... but then again, $40mil is a lot to blow through ... and they don't pay taxes on lotto winnings in Canada ... what a country! .
Yeah I know but if she is kinda sane the things she is talking about is doable for $1-2mil leaving her with 38 left. If I received that much money I'd spend some but put say 75% in a locked account with good interest where I can't withdraw it until after a certain amount of time. That gives you a little time to thing on what you want to do with it.
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Old 04-13-2013, 05:01 AM   #2
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Re: Canadian Grandmother Thrilled to Win $40K in Lottery - But It's $40 Million

Originally Posted by Crusader View Post
Yeah I know but if she is kinda sane the things she is talking about is doable for $1-2mil leaving her with 38 left. If I received that much money I'd spend some but put say 75% in a locked account with good interest where I can't withdraw it until after a certain amount of time. That gives you a little time to thing on what you want to do with it.
I think I'd invest in grapefruit/avocado plantation, eh?
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