2 million bucks right now, or $4,000 every week for the rest of your life?

[Houston911]

I'm assuming it's implied that it's adjusted for inflation but maybe not.

Nah, the 4k is NOT adjusted for inflation

It's a fixed 4k every week

 

[The Fire]

Nah, the 4k is NOT adjusted for inflation

It's a fixed 4k every week

fixed 4k would mean it is adjusted for inflation

 

[King Poetic]

$4,000 a week

U give nikkas 2 million up front they be broke within 9 months

 

[MrWestGrand]

Take the 2mill. Leaving it sitting in a basic ass savings yielding 1% interest monthly, is more money than 4K a week.

 

[FocusedDaily]

I'm a trust officer for a company that serves wealthy families and I can tell you the right answer is the 2 million if you're inclined to invest and build carefully and can resist tricking off or high risk ventures. As mentioned, if you could at least make 10% on the 2 million that's 200k a year pre tax at a minimum.

The 4k a week is the best bet for 85% of the people I know in real life( and this thread seeing all the bad math). You can get a nice house and car and live stress free and not worry about messing it up w bad decision making. I've seen too many people blow life insurance checks to think otherwise

 

[™BlackPearl The Empress™]

2 milly n-o-w

 

[Absolut da poet ®]

Depends on how old you are now

and when you're gonna die.

I'll take my 2 Million now

 

[Arithmetic]

I have to chuckle at dudes saying wanting 4k per week is slave mentality. I think all of the arguments in favor of the 2 million regard expediency of getting money and worry about something happening to them. There's fear in those statements. I'd wager that many of those individuals never hold onto money for very long - I used to be in that camp when I had a family member taking money from me without asking. Spend it now so nobody else can affect it. THAT'S the slave mentality that holds us back. You end up running through money and not using it the way you really want to. I hope you guys get out of that mindset so you can look into building wealth and not just sitting on a lot of cash.

There is no wrong answer. The choice depends on the individual.

 

[Bboystyle]

Yes, blowing through the $2,000,000 in two years would make them foolish. However, there is no doubt that the potential for the best ROI is by taking the $2,000,000. It also has more risk, but the potential is higher there as well.

its only higher if u invest and even thats not guaranteed. At least with 4k a week u can make millions by year end doing investments using your logic. only thing is if u fukk up, u got 4k coming in every week so u good

 

[Panther]

I have to chuckle at dudes saying wanting 4k per week is slave mentality. I think all of the arguments in favor of the 2 million regard expediency of getting money and worry about something happening to them. There's fear in those statements. I'd wager that many of those individuals never hold onto money for very long - I used to be in that camp when I had a family member taking money from me without asking. Spend it now so nobody else can affect it. THAT'S the slave mentality that holds us back. You end up running through money and not using it the way you really want to. I hope you guys get out of that mindset so you can look into building wealth and not just sitting on a lot of cash.

Do you understand how compound interest works?

 

[Arithmetic]

Take the 2mill. Leaving it sitting in a basic ass savings yielding 1% interest monthly, is more money than 4K a week.

1% monthly = 12% annually

I would take the 2 mil too, but I'm pretty confident there are no high yield savings accounts paying 12% annually in this environment. You would have to be more aggressive if you want that return.

 

[supertrekker]

It's not hard to spend 2 million dollars right away. But 4k a week for the rest of your life guarantees you never go broke and you can mange the money better that way too. You could also take out a really good life insurance policy so your family is taken care of when you are gone.

 

[Bilz]

EASILY $2,000,000.

There is literally no logical reason besides saying "I'll blow through it quickly" to choose the $4,000. I thought that it would be 75% choosing $2,000,000, yet it turns out 75% of people voting are brain-dead..

I think both options have some very real pros and cons.

If someone chooses 4000 a week and lives 50 more years, they'll get a total of 10 million. The only major risk is a short lifespan. Inflation is an issue as well but at its current pace it wouldn't kill the future value of this option.

The $2 million cash option should pay out more in the long run if invested well in a strong market but the market can go both ways.

 

[Obreh Winfrey]

Do you understand how compound interest works?

Yes I do, however you still need to outpace inflation. That aside I doubt people taking the lump sum are leaving the principal alone. If that was the case we wouldn't hear so many stories about lottery winners losing it all. If you have bad money habits and come into a lot of money you're still going to operate with those bad habits.

 

[DrexlersFade]

Weekly my 2 million would be gone in a year I take the slow dough shyt would keep my crazy ass balanced and shuttle!