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Tyrannosaurus 05/25/20 8:53:55 PM #1: |
$35 mil vs $4k a day. (Description below)
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$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. --- Mmmm... Goat... ... Copied to Clipboard!
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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. --- 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 ... Copied to Clipboard!
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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. --- Many Bothans died to bring you this post. ... Copied to Clipboard!
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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. --- Congratulations! Your post was deemed response-worthy. ... Copied to Clipboard!
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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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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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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 foreverExactly. 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). --- There are some things where I just bypass critical thinking. - ROD ... Copied to Clipboard!
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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? --- 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 ... Copied to Clipboard!
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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. --- Ten million dollars on a losing campaign, Twenty million starving and writhing in pain. Vicious_Dios Original - https://tinyurl.com/y9fpdoll ... Copied to Clipboard!
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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 optionIt is like 24 years. Dying before I reach 55 years is unlikely, so the 4k/day would be more in the long run. --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] ... Copied to Clipboard!
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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 --- Shenmue II = best game of all time Shenmue = 2nd best game of all time ... Copied to Clipboard!
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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. --- ... Copied to Clipboard!
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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. --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] ... Copied to Clipboard!
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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. --- ... Copied to Clipboard!
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FL81 05/25/20 10:07:14 PM #29: |
The daily money
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gatorsPENSbucs 05/25/20 10:08:45 PM #30: |
Ill take the lump sum. Easier to keep track of.
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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: |
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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 --- [[[[[[[[[[[[[[[|||||||||||||]]]]]]]]]]]]]]]] ... Copied to Clipboard!
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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 4kThis. --- This is my signature. There are many like it, but this one is mine. ... Copied to Clipboard!
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Foppe 05/28/20 4:36:23 AM #41: |
thronedfire2 posted...
30m obviously. you could die tomorrow and only get 4kWhy do I need 35 million if I die tomorrow? --- GameFAQs isn't going to be merged in with GameSpot or any other site. We're not going to strip out the soul of the site. -CJayC ... Copied to Clipboard!
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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 ... Copied to Clipboard!
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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 --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle ... Copied to Clipboard!
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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.
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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. --- Mmmm... Goat... ... Copied to Clipboard!
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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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