Current Events > $30 mil now, or $4k a day for life?

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Tyrannosaurus
05/25/20 8:53:55 PM
#1:


$35 mil vs $4k a day. (Description below)


$35,000,000 directly deposited into your account, no tax. One time payment. You can will everything upon your death.

$4,000 a day directly deposited into your account, no tax, for life. You can will the daily payment and what youve made upon your death. The daily payment can only be passed on to one person for their life, then its done.

which would you choose?

edit: wtf I swear I edited the title... anyway its 35 mil not 30.

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RetsuZaiZen
05/25/20 8:56:01 PM
#2:


The option which allows my parents to stop working immediately

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DevsBro
05/25/20 8:56:41 PM
#3:


I don't care to actually do the math but these almost always work out to be better taking the lump sum.

Just do a P/A formula on $4k daily and whatever rates you can invest at right now.

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VitalGetPrank
05/25/20 8:57:08 PM
#4:


35 million, put that into the right kind of stocks and it turns into 4k a day immediately, then you can pass it among your family as long as they don't cash out on it.

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Master_Bass
05/25/20 8:58:14 PM
#5:


35 million now. It would be so easy turning that into even more cash investing it. I doubt you could catch up with the 4K a day.

Let me just say I'd gladly take either choice, though. Lol.

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Zanzenburger
05/25/20 8:59:57 PM
#6:


Based on the finance principle of the time value of money, the $30mil would absolutely be the preferable option unless you don't trust yourself not to waste it all immediately.

$4k a day, assuming it's not adjusted for inflation, will be worth less and less as time passes, so you'd generally be better off getting it all at once.

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Unsugarized_Foo
05/25/20 9:00:03 PM
#7:


Yeah, average stock market return is 10%, so that makes the $35mil almost $10k a day

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#8
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Prismsblade
05/25/20 9:06:56 PM
#9:


Lump sum, 4k will be worthless in a few decades due to inflation.

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#10
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lightwarrior78
05/25/20 9:07:00 PM
#11:


It would take 24 years to catch up to the 35 million and I'm not sure I'd live that long, so lump sum. Factor in investment potential (not that I'd worry about that at that cash level) and the lump sum is the better option.

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Hinakuluiau
05/25/20 9:08:12 PM
#12:


PrideOfLion posted...
There's literally no reason to take the $4k unless you suck at saving money and need magical guaranteed income forever
Exactly. It takes over 20 years to get to $35 million, assuming you don't invest any of the lump sum, and you have no idea what kinds of fucked up you will be in (or how inflation will be).

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masticatingman
05/25/20 9:09:51 PM
#13:


Lump sum because less hassle

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DevsBro
05/25/20 9:12:58 PM
#14:


Prismsblade posted...
Lump sum, 4k will be worthless in a few decades due to inflation.
Generally, inflation halves the purchasing power of money every 18 or so years.

In 18 years, it'll be like $2k/day today, or $730k/year.
In 36 years, it'll be like $1k/day today, or $365k/year.
In 54 years, it'll be like $500/day today, or $182k/year.
In 72 years, it'll be like $250/day today, or $91k/year.

Just how long do you plan on living?

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MabusIncarnate
05/25/20 9:17:52 PM
#15:


So basically $4,000 a day is 1.46 million a year, so about 24 years to reach 35 million.

You get it all up front, there's risk of spending it all long before you die because there's no limitations keeping you from doing that.

You can live another 50-60 years pretty comfortably on on 1.46 million a year. It just depends on your viewpoint. I never really wanted a big house, or a fancy expensive car. I think i'd do the $4,000 a day.

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PMarth2002
05/25/20 9:20:30 PM
#16:


I'm gonna take the 4k i think. Yeah, 35 million is worth more if you invest it, but the 4k is guaranteed for life.

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uwnim
05/25/20 9:22:54 PM
#17:


I'll take the 4k/day. I wouldn't invest the $35 mil, so it will have the same sort of depreciating value as the per day. Would be reasonable to live long enough to get more from the per day payout, so it is the better option.

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JebronLames
05/25/20 9:24:24 PM
#18:


yeah kinda like how big lottery winners always take the lump sum, even though many times it's a lot less. All the savvy financial people recommend it

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JebronLames
05/25/20 9:26:36 PM
#19:


4k a day doesn't even add up to 35 mil until a really long time. you'd be insane to take that option

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uwnim
05/25/20 9:30:52 PM
#20:


JebronLames posted...
4k a day doesn't even add up to 35 mil until a really long time. you'd be insane to take that option
It is like 24 years. Dying before I reach 55 years is unlikely, so the 4k/day would be more in the long run.

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Damn_Underscore
05/25/20 9:32:49 PM
#21:


$30 million would be greater value if you invest it, but $4k a day is guaranteed consistency.

I'll take that tbh

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stone
05/25/20 9:34:18 PM
#22:


The 35 million. Honestly, both options sound good but with that much money, it doesn't really matter in the end.. if it had been something like 5 or 10, I would have given it more thought though.

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lightwarrior78
05/25/20 9:35:41 PM
#23:


uwnim posted...
It is like 24 years. Dying before I reach 55 years is unlikely, so the 4k/day would be more in the long run.
Except with investment you can get about a $4000 a day return on about 4% investment, which is the rate for very safe investments. Thus you get the best of both worlds: a stable income, and a lump sum if you have emergencies.

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uwnim
05/25/20 9:45:21 PM
#24:


lightwarrior78 posted...
Except with investment you can get about a $4000 a day return on about 4% investment, which is the rate for very safe investments. Thus you get the best of both worlds: a stable income, and a lump sum if you have emergencies.
Except I wouldn't invest the lump sum.

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JebronLames
05/25/20 9:46:17 PM
#25:


no, cause big lotto winners always take the lump sum , even if it is like half, sometimes of the annuity. Good financial people have worked it out for them.

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uwnim
05/25/20 9:49:12 PM
#26:


I don't want to open like 140 bank accounts though.

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Pepys Monster
05/25/20 9:51:31 PM
#27:


I'll take the $4K a day. That way, it will be a more gradual lifestyle change. Sure, the lump sum is probably more money due to inflation, but a lot of lottery winners, for whatever reason, end up poor again in the end.

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AsucaHayashi
05/25/20 9:59:05 PM
#28:


4k a day.

a steady stream of income without too much of a hassle plus there's the whole thing about not needing to keep your wealth a secret which always attracts more problems for some odd reason xd.

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FL81
05/25/20 10:07:14 PM
#29:


The daily money

I'm not even going to pretend that I have the slightest idea how investing works.

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gatorsPENSbucs
05/25/20 10:08:45 PM
#30:


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MT_TRAEH
05/25/20 10:09:48 PM
#31:


gimme the 35

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So_Hajile
05/25/20 10:14:03 PM
#32:


I'm going with the lump sum. I'm a man of moderate means so in addition to what I already own, I would live comfortable for the remainder of my life. According to my calculations, that should equal to nearly ten years. During those ten years, I would budget the money on hookers and blow. Using my college math skills, I figure my body could take the abuse for roughly ten years at which point I'll leave the world as beautiful and sexy shell of a man.

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Bluebomber182
05/25/20 10:16:03 PM
#33:


4k a day
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thronedfire2
05/25/20 10:23:45 PM
#34:


30m obviously. you could die tomorrow and only get 4k

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Middle hope
05/25/20 10:30:03 PM
#35:


I could buy so many fucking pogs with 35 mil

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PurestProdigy
05/25/20 10:35:02 PM
#36:


It'd be worth I think to pass that wealth on after I die. I don't see $4k being completely useless money from inflation for many generations.

EDIT: Oh wait, I just saw that it can only be passed on once, not forever.

Gimme dat $35mil

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DarkProto05
05/25/20 11:17:25 PM
#37:


$35 million if it stays private. Lottery winners are public so you'd have a lot of people annoying you or even threatening you.

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gguirao
05/28/20 3:40:30 AM
#38:


Money now.

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archedsoul
05/28/20 3:43:18 AM
#39:


This is a pretty dumb poll.

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sylverlolol
05/28/20 3:49:36 AM
#40:


thronedfire2 posted...
30m obviously. you could die tomorrow and only get 4k
This.

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Foppe
05/28/20 4:36:23 AM
#41:


thronedfire2 posted...
30m obviously. you could die tomorrow and only get 4k
Why do I need 35 million if I die tomorrow?

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Solid Snake07
05/28/20 4:47:19 AM
#42:


As with all these scenarios, you're a sucker if you don't take the lump sum

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SpaceBear_
05/28/20 4:49:02 AM
#43:


Lol, damn neck and neck after 164 votes.

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Nacen
05/28/20 4:55:08 AM
#44:


those results though

on topic, 4k for peace of mind
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Malfunction
05/28/20 4:57:20 AM
#45:


honestly there is no reason to not pick the lump sum
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Solid Snake07
05/28/20 6:19:42 AM
#46:


Malfunction posted...
honestly there is no reason to not pick the lump sum


The only reason is if you don't trust yourself with it

Which, in fairness, could be valid for some people

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frogman_295
05/28/20 6:20:21 AM
#47:


holy shit, either yes please.

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TreyFlowers
05/28/20 6:31:19 AM
#48:


Always take the lump sum immediately.

Money in hand now > money in hand later

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Tyrannosaurus
05/28/20 9:03:56 PM
#49:


archedsoul posted...
This is a pretty dumb poll.
Seems pretty even to me.

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CADE FOSTER
05/28/20 9:24:11 PM
#50:


35 mill now you could live off interest alone
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