"Make a million $$ in a few minutes of work each day"...good idea???

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I think the million is the entire salary from what he said, cause 1 mil over 21 years comes out to the 47k, so if you break the contract you end up with 0.

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That makes sense, I kinda skimmed that section of the OP and it's not that clear either. Wouldn't really matter though, you could still continue working, playing poker, etc - whatever you do now to pay the bills. You'd just have $1mill in the bank working for you.

A better idea might be to buy like a $1.5 million apartment building, put the full $1mill down and the resulting mortgage payment will be very low in comparison to the rent you're receiving. Potentially lots of passive income from rent every month (which could be invested), and virtually no risk of losing the $1mill in equity, unless the $1.5mill apartment complex loses 1/3 of it's value somehow.