Current Events > Instantly get $1,000,000 or get 100 bucks every day for the rest of your life

(+) Yeah! (+)

both are not taxed
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$1M i r not dum
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Bestow $1M unto me, comrade.
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$100 a day.
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Shotgunnova posted...

Bestow $1M unto me, comrade.

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You can buy stock with $100M that will have dividends that'll give over $100 a day
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It'd take over 27 years to make 1M at $100 a day.
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Unsugarized_Foo posted...

You can buy stock with $100M that will have dividends that'll give over $100 a day

It's only $1m but yeah you only need like 3.5%, let's say 4.5% before taxes.
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It would take over 25 years to get $1,000,000 by getting 100 a day...... Yeah give me the 1M.

I think I want the hundred just so I can continue my life without dealing with the million but just have a nice lil thing I can use.
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This is so mind-bogglingly stupid

If you got 100 dollars a day, it would take you 10,000 days to get to 1 million dollars. 10,000 days is over 27 years. A million dollars now would allow you to pay off some debts, improve your lifestyle a bit, and *still* give you enough left over to invest and make more per year than you would if you got 100 dollars a day.
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SSj4Wingzero posted...

This is so mind-bogglingly stupid

Maybe someone knows* they'd take a month long, million dollar coke bender and would choose the safe route. I dunno.
While I reject the idea that the lottery question with payout vs annuity has an objectively right answer (sans which could* be worth more) this most seemingly does. Million dollars easy. Literally just dump it into a stock with 5% dividends and you're golden.
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Anarchy_Juiblex posted...

Maybe someone knows* they'd take a month long, million dollar coke bender and would choose the safe route. I dunno.
While I reject the idea that the lottery question with payout vs annuity has an objectively right answer (sans which could* be worth more) this most seemingly does. Million dollars easy. Literally just dump it into a stock with 5% dividends and you're golden.

Yeah, or put it into an index fund
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C_Pain posted...

I think I want the hundred just so I can continue my life without dealing with the million but just have a nice lil thing I can use.

This. You also wont have to deal with friends you haven't seen in over a decade or distant relatives you hadn't scene since that one uncles funereal you don't even remember because he died when you were four showing up wanting to "make up for lost time".

$100 a day for me. Yes it will take a long while to catch up to 1M but then if I live a long life, Ill make more money over time. Say I live another 50 years, thats over 1.8M

An additional $36,500 cash per year would be plenty.

a million in da hand right nao
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If I take the $100 a day I can make more than I'm making now for doing nothing

Sold
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$1 mil.
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1 million now so you can invest it since over the course of your life $100 dollars a day is gonna be worthless after a while with the way inflation has been going
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I'd take the hundred a day. It'd be nice to know that, no matter what, I wont ever have to starve or sleep without a roof over my head.
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Cleo_II posted...

$100 a day for me. Yes it will take a long while to catch up to 1M but then if I live a long life, Ill make more money over time. Say I live another 50 years, thats over 1.8M

An additional $36,500 cash per year would be plenty.

you could literally put the 1 million in an index fund and have more than 2 million in 27 years, at which point the $100/day choice would only give you a million
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Eat More Beef posted...

I'd take the hundred a day. It'd be nice to know that, no matter what, I wont ever have to starve or sleep without a roof over my head.

100 a day here too and same reasons brah, never know when some **** happens and you lose all your money, don't believe it happens just google for four minutes, millionaires bankrupted in days
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bump
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I'll gladly take 100 dollars per day. That's an extra 3k on top of what I make every month, regardless of the hours I put in. I also won't be tempted to blow it on big luxury items I don't really need..
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Eat More Beef posted...

I'd take the hundred a day. It'd be nice to know that, no matter what, I wont ever have to starve or sleep without a roof over my head.

Pretty much this.

Like I might end up being one of those people who get really stupid with money.
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I really liked the $100 a day option, but then again, it would be a lot better to actually take the mil, put it into a vanilla savings account, and withdraw $100 a day. Inflation would likely make the 100 bucks in the future a lot worse, whereas if I take the big money now, I could "safely" invest.
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$100 is way too small to compare to a mil straight up. It's simple economies of scale. You can do so much more with a million rather than eventually getting a million.

If it were $1,000... nah I'd say it'd have to be past $2,500 a day before I'd say yeah it's probably better to get that and save up
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1,000 a day would be worth it I think

1,000 dollars a day is 365,000 dollars a year which means in ten years you'll have 3,650,000 dollars even if you don't invest anything

Whereas if you took a million up front and invested it in some index fund with a 10% return you'd end up with around 2.6 million dollars after 10 years.
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i would by so much crypto with that money
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tbh i'd rather get the 100 bucks a day
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1 million now, easily.

Pay off debts, upgrade living arrangement. Take the remaining >750k and invest it. With 4% annual growth that's a total of 2.4 million after 30 years, which $100/day will never catch up to.
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SSj4Wingzero posted...

1,000 a day would be worth it I think

1,000 dollars a day is 365,000 dollars a year which means in ten years you'll have 3,650,000 dollars even if you don't invest anything

Whereas if you took a million up front and invested it in some index fund with a 10% return you'd end up with around 2.6 million dollars after 10 years.

Yeah I thought about it a bit, and you might be right. Though if you took a mil flat, you can theoretically have a chance to get even more returns off it. Though a 1k a day continues beyond 3 years, and even if your investments were poor, you can still bounce back. I guess it depends on how risk averse you'd be
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Shotgunnova posted...

Bestow $1M unto me, comrade.

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