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<blockquote data-quote="AneroidOcean" data-source="post: 1211366" data-attributes="member: 4406">Huh?&nbsp; Assuming this is post-tax dollars (may not be):600,000 using the S&amp;P 500 average return over multiple years is roughly 8% (using that number because it looks conservative enough) or $48,000.$48,000 is <a href="https://www.novascotia.ca/finance/statistics/archive_news.asp?id=7803" target="_blank">nearly the average FAMILY income in Nova Scotia</a>You're telling me that wouldn't be a large jump in the financial world of a 19 year old to be very able to earn the average FAMILY income for the area JUST based on return on investment?Not to say he should be spending it.&nbsp; If he were to re-invest all his return over a 10 year period he'd grow the 600k to ~1.3 million.&nbsp; You don't think at 30 having 1.3 million in investments is going to make a difference in his life?The other things you said are true (that you have to have the financial mindset to really take full advantage of this kind of windfall) but downplaying it like it's not really significant is silly in the context of his age and where he's located.&nbsp; This is a potential very large jump in lifestyle and consumption for a likely broke 19 year old.Sure, he could squander it, but it would still be a very large jump at this point in his life.</blockquote>

[QUOTE="AneroidOcean, post: 1211366, member: 4406"] Huh? Assuming this is post-tax dollars (may not be): 600,000 using the S&P 500 average return over multiple years is roughly 8% (using that number because it looks conservative enough) or $48,000. $48,000 is [url=https://www.novascotia.ca/finance/statistics/archive_news.asp?id=7803]nearly the average FAMILY income in Nova Scotia[/url] You're telling me that wouldn't be a large jump in the financial world of a 19 year old to be very able to earn the average FAMILY income for the area JUST based on return on investment? Not to say he should be spending it. If he were to re-invest all his return over a 10 year period he'd grow the 600k to ~1.3 million. You don't think at 30 having 1.3 million in investments is going to make a difference in his life? The other things you said are true (that you have to have the financial mindset to really take full advantage of this kind of windfall) but downplaying it like it's not really significant is silly in the context of his age and where he's located. This is a potential very large jump in lifestyle and consumption for a likely broke 19 year old. Sure, he could squander it, but it would still be a very large jump at this point in his life. [/QUOTE]

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