@george.kamel: Megan and her husband won $1,000,000 and are wondering what to do with it? #lottery #lotterychallenge #canada

George Kamel
George Kamel
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Region: US
Monday 06 May 2024 14:29:48 GMT
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roxyapril91
Roxy April :
It’s amazing how fast a million dollars can actually be spent!
2024-05-06 17:16:26
28394
hannibal.lecter_
Hannibal Lecter :
taxes on lottery is a scam
2024-05-06 15:45:36
18102
brycematthew2020
brycematthew :
Everyone here saying a million isn’t a lot. But will never have a million liquid in their account
2024-05-09 21:58:54
0
alyssaconzet
Alyssa Conzet :
I would just invest it, work for a little longer while my money grows
2024-05-06 19:07:41
2704
j_krysh
Jon :
no taxes on a lottery win is how it should be
2024-05-07 23:17:12
8
bee.better.company
Bee better :
Sorry I’m like 90% sure we do pay taxes on lottery?
2024-05-07 17:13:37
84
blkonpurpose
Blkonpurpose :
Investment portfolio is the way to go. Doesn’t make sense to spend most of that money and only have two investments to show for it. Especially if they don’t earn enough profit to cover the lifestyle
2024-05-06 17:41:56
1632
thatguyovertheresayshi
That guy :
50k wasted on rrsp
2024-05-10 21:29:39
0
r_rapid
r_rapid :
Actually in canada it makes sense to pay off mortgage as thry don’t have fixed rates. In US with 2.5% interest rate for 30 years, the bank gave you basically free money. Never pay off early.
2024-05-21 21:33:24
0
i.climb.rocks
i.climb.rocks :
Throw it in Bitcoin. 1-2 year from now it would be doubled
2024-05-29 01:23:07
1
turfrichofmarketing
Turfrichofmarketing :
Yes thts smart selling the house and go straight up investments
2024-05-12 18:52:51
2
essentiallykaitlin
Kaitlin :
No taxes on it, unreal!
2024-05-06 15:00:26
2820
saschaelizabeth
Sascha Kissner :
It’s also taxable income at the end of the year…
2024-05-14 23:09:42
0
chriswalsh13
Chris Walsh :
U pay tax as it was income.
2024-05-07 17:29:57
0
grechentlifestyle
grechent_lifestyle :
so sell her paid off home and spend her cash in a new property and be cash less?? this guy makes now sense...why is he there?
2024-05-28 21:50:44
1
lucifur1982
Lucifur :
If you tax lottery winnings you should also be able to expense lottery spending.
2024-05-10 15:22:01
0
flight260
Flights :
Why do the say don’t buy property? OMG this woman has the right idea and shouldn’t listen to these guys. She is way smarter!!!!!
2024-05-06 22:58:23
420
donsoles23
Ashton :
Keep the current house as a rental put some money down on the next house. Have the rental pay most of the new mortgage put the rest in investments.
2024-05-29 21:43:22
1
rascal404
Rachel :
I would never be a landlord again
2024-05-06 19:50:23
20
marsbarber72
Mars Barber🇨🇦 :
Do not buy a rental!!!
2024-05-11 05:07:17
1
dcashman73
Dr Cash Chemistry :
No tax, but 1 million Canadian dollars is only about $731,000,…
2024-05-07 13:35:38
3
cameronmarshall5
Cameron Marshall :
Don't get too excited. In Canada that is absolutely the ONLY thing that is tax free
2024-05-10 00:37:22
12
cityandsportscars
A fuck face in Longview :
For me, If I won that kind of business. I would find a business. I don’t rush in paying off anything because everything was planned out before it became debt.
2024-05-07 05:34:34
0
not.noah.h
𝓷𝓸𝓪𝓱.𝓱 :
no. bad advice. don't touch it. live of the interest
2024-05-06 20:44:08
1
imsotired0007
Tara 🆘🇺🇸 :
Why did they pay off their mortgage if they were going to move soon? Invest the money. You’d be set for retirement later.
2024-05-06 15:23:35
178
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