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TopicWWYD? $100 Bucks A Day or $10,000 Bucks A Week...
wolfy42
11/29/21 4:30:08 PM
#8:


Yeah 500k in a year > 36k a year for life, even if your freaking 18 heh. I mean, if you could start as a baby and have it add up till your 18, that would be different, otherwise go with the fast cash since you can do alot with 500k, not to mention investing it to make more cash etc over time.

$100/day is $3k a month, basically a pretty low salary, so you wouldn't have to work at all, but you wouldn't be living large etc. Honestly in many places just rent costs about that much.

Now, $560k in your first year could let you buy a home or two depending on the area, and accumulate money over time before selling it, invest your money (get around 10% a year if done right..though it's harder post covid), and you would STILL have 50k/year (while not touching the principle).

That is actually more free money to spend per year then the 100$ a day (almost double), and you still have the base money there if needed (or if a good investment opportunity arises like a property you can buy worth 800k, but being short sold for 300k (cash only).

Same with expensive cars at auctions etc, with cash you can often get great returns with minimum effort.

It's pretty easy to get a 20% or so return on active cash investements per year (IE buying mobile homes and flipping em, houses later on, cars earlier etc), and you can actually get much more if your lucky.

So yeah, give me the 10k per week please.

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