Technically, you’re right. However, as I and many others here have explained, it’s not as large as a sum of money as one might think it to be. $40 million, if you live relatively modest lifestyle, will probably last you a lifetime. But it wouldn’t last much longer than that. If you want to stretch it out you have to put that money to work, whether it be in a business or stock market.
Try this, take $50,000. Add three percent inflation to it, to represent a year. Add the $50,000 and the following year $51500 to it. Than add another year of three percent inflation and add the three years together, for a total of $154,545. Keep doing that for a 60 year period and see what the total is after 60 years. That’s just a simplified illustration of how little money there is, even in mega million dollar jackpots.
The key is to put the money to work.
One...it depends on how old you are...
Two...millions of people think One Million is a ton of money..and it's not unless you are 80 years old.....
But you don't think $40 million is a large sum of money?!?!? Absurd.
Go, and meet with the "many others here that have explained"
Get back to me with more moronic statements..............
Yeah I did..........