If she lives another 50 years...and let's say the net was $1 million...
That's nothing much to "live" on....per year.
It would have been enough to bump up her lifestyle by one step. A little better neighbourhood or getting a small car.
She’s 17 yrs old.....$1.25 million was the gross. I’d gather the net was much smaller.
If she lives another 50 years...and let’s say the net was $1 million...
That’s nothing much to “live” on....per year.
Invest it in index funds and take out 4% per year to live on. $50,000 a year is plenty to live on and you still have the principle.
The average family income in Britain is $33,000.
If she wants more money per year, work at something.
The world would be her oyster because she would be financially independent.
The problem is she has been brainwashed to think that expensive toys and expensive vacations will make her happy, when they have little positive effect and some negative effects.