Poll of the Day > $15,000/a week for one Year or $10,000/month for Life...

(+) Yeah! (+)

In US Dollars...

Which would you choose?

I don't see how this is even a question. unless I only have about 3-4 years left to live I don't see why you'd pick the first one.
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ssj4supervegeta posted...

3-4 years

6.5
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ssj4supervegeta posted...

I don't see how this is even a question. unless I only have about 3-4 years left to live I don't see why you'd pick the first one.

If you take a moment to overthink it I suppose you could build up an investment faster and let that earn the rest over time.

A pessimist could also select the first one with the thought that that US dollar was going to become useless in the next decade or so, so continuing to earn 10k a month would be worthless in such a scenario, but eh... I'm not so sure about that.
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I'll likely live long enough that the second option would be far more than the first.

As long as I have 6.5 or more years left, Id go with the first...
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Why would I need more than 10k a month?
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Plot twist: counts as income, pushing you into a higher tax bracket. All your friends and relatives will be notified. Predatory businesses and scammers will target you.

So 60k a month for a year, or 10k a month for ever.

That is a net 50k more a month for the first year, or $600k extra cash in the first year.

Things get tricky there, because, in theory, you could use that $600k to make serious money buying and selling homes etc. If you doubled the money 2 years in a row, even after taxes you would have 2mill. Even a safe 5% a year on 2 mill is 100k a year, which is pretty close to 10k a month, and you have 2mill as backup.

So both options really work. It just depends if you are willing to put the effort in. $10k a month will set you up comfortably for life, without any work on your part at all.

honestly you could live fairly well even if you just got base interest off the first option though, it would basically make it about 10 years (after interest was added) before you ran out. And, if you actually used the money in any way to make more, even just doing it in your spare time, you could be way ahead.
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This is a no brainer...
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Lmao post #10 trying to rationalise this

Obvs answer bro
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$10k/mo would probably be enough for me to retire.
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I'm pretty sure I'd live longer than three or four more years, so the second option.
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10k a month for life, even though I initially read it as 10k a week for life.
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ssj4supervegeta posted...

I don't see how this is even a question. unless I only have about 3-4 years left to live I don't see why you'd pick the first one.

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While I did defend the first one, and you could totally make it work out better, honestly, I'm too old and lazy and i'd go for 10k a month myself. You just plain don't need more then that to be happy, or at least, if you can't be happy with that much, more isn't going to make you happy.

If I was in my 20's......I might go with the first option and aim to be mega wealthy/rich by 30. Work hard making money with the money for 10 years or so, end up with 20-30 mill, and then retire with a really nice place to live and enough money in interest to easily spend 20k a month.

But I was highly motivated in my 20's.
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Id go for the 10k a month for life just so that Id never have to worry about money or income for the rest of my life
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Mead posted...

Id go for the 10k a month for life just so that Id never have to worry about money or income for the rest of my life

This. I wouldnt want to work to make more money. Especially since I would have to make sure I could do whatever in that year. Just let the money come in forever. And enjoy life. Haha.
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Mead posted...

Id go for the 10k a month for life just so that Id never have to worry about money or income for the rest of my life

This would be the best option for me. I know that I am an impulsive person. I can limit myself to not spend beyond my monthly income. But if I get a huge pile of money in a relatively short amount of time I'm probably going to burn through it very quickly.

There would be a pretty significant difference in what you pay out in taxes with the lower monthly amount as well.
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I voted for $15k/wk because fat thumbs ffs.
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Buy all of your needs and durable goods, and put your excess funds into the usual money-moving garbage that generates wealth automatically, so your kids can end your family line by going hardcore left and ending up in a hospice with fifty STDs and no children.
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If taxes are factored in, it's actually a bit worse for the long term as you'll end up paying about the same %, but you'll notice it alot more with just 10k a month (which is equivalent to a 120k salary a year).

Still, would leave you about 5k a month which is plenty to live on comfortably, but...there are ways for you to invest your money and protect your profits that don't require you to pay taxes on them, which could make the lump sum (mostly) much more viable long term.

Remember you can split any income over 1 year between 3 years total as well.

That reduces the 15k*56 weeks ($840k total) taxable income to only about 280k a year.

Also since you don't have to pay the additional portions of taxes right away (just 1/3rd of it), you could quite likely make a significant portion of the taxes back by investing it wisely.

If you could get your total taxes down to only 30% (hard but tons of wealthy people do way better then that), you would only end up paying 10% the first year.....so still have $750k to invest. If you could even gain just 10% of that in a year, you would cover the taxes, and honestly you could more then double that with investments, buying selling homes etc. Hardest part would be to not get taxed on the profits.

Meanwhile the other method can't be split as your getting $120k a year for life, so your always going to be paying the taxes. Since you will actually need to live on a large portion of that, you won't be able to use methods to avoid paying as much taxes either (hence why the rich get away with it).

Means you could end up with only about 5-6k a month in reality from option A, and end up with WAY more with option B (by the end of 3 years, you could walk away with a few mill if you worked hard on it.)

By the end of the first 6 years or so (when you end up getting more money from option A then B before taxes etc) even using someone else to invest for you and do all the work (this is often done, you split the profit with someone who basically flips homes for you, while you bankroll them. This can easily still double your money each year with no real risk) you could end up with something around 50 million dollars (just doubling each year).

At which point even something super safe giving 5% interest would still net you 2.5 mill a year in profit.
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Would have been a more difficult question if the numbers were higher. As it stands, you're basically asking if someone would prefer a one-time payment of ~$800k or a lifetime guaranteed income of $120k a year. That's not hard to answer at all.
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I think choosing 10k for life will put your life at risk from people who pays you. So Id choose 15k cause its a lesser risk to get killed in 'an accident'

Reta d? Or not?
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vocedelmorte posted...

I think choosing 10k for life will put your life at risk from people who pays you. So Id choose 15k cause its a lesser risk to get killed in 'an accident'

Wat
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Revelation34 posted...

vocedelmorte posted...

I think choosing 10k for life will put your life at risk from people who pays you. So Id choose 15k cause its a lesser risk to get killed in 'an accident'

Wat

I think theyre saying if someone had to pay you 10K a month forever, they would kill you so they could stop paying you. Which doesnt really make sense with what the polls asking... Well, not exactly, at least...
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