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

[RAX 010]

4K
All Day

 

[Liquid]

I'm gonna assume that there's 19 pages of posts from people who don't understand the power of compound interest on $2,000,000

Most people will blow it.

 

[Liquid]

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..

Most people would blow it.

 

[Liquid]

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

Anything that nets over 5% per year will most likely involve risk.

 

[Suleiman Bey]

Most people would blow it.

if they blew 2 mill. they gon blow 16stacks a month just as easy. they gon owe every cent they get.

 

[Liquid]

if they blew 2 mill. they gon blow 16stacks a month just as easy. they gon owe every cent they get.

It will take a lifetime of fukkups to blow it instead of trying to club with Kim Kardashian, LeBron and all the coke in south beach in one summer.

 

[Perfectson]

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

you're completely wrong but it's okay, savings yielding 1% interest monthly


some of yall have no idea how to manage finances...it's shame really

 

[Perfectson]

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

it's a bit maddening, this is a good thread but alot of people are really financially "stupid"

kinda feel bad for their kids.

 

[Donald J Trump]

You have to study and analyze you make it sound simple. Just buying random stocks could get you broke.

Breh most people's bills dont even add up to 4k a month

Plus if you save you can buy a house cash and take a huge chunk of bills out

Etc

There is NO WAY you come out ahead with the $2M unless you plan on dying tomorrow

You're making up the notion that these expenses would hinder me.

I know that scaling exercise was tough for you to understand so I'll try to go slow: I'm comfortably paying my expenses now whilst making significantly less than $4k a week after taxes. Why wouldn't I be able to afford my expenses if I suddenly start pulling in $4k a week?

All of these people taking $4,000 weekly don't have a hustler's mentality...AT ALL.

and thats the bottom line

 

[Canon]

4k easy choice

 

[Donald J Trump]

If u gonna blow 2 mil ur gonna blow 4k

its of no difference, its all mental

boys aint got no hustle about them at all bu bu bu u made a math mistake

i also
made a thread pointing u to the next big cc too, did u see that as well
or did u see my thread where i showed u me making 6k 7k 8k 9k a day flippin stocks

 

[dem bath salts]

2 mill now. You might die in a week.

 

[MalikX]

basically...i be playing that 1000 a day for life lotto game

Word....that's $16,000 a month.

I would keep my day job, maybe pocket an extra $2,000 to be comfy then put the other $14,000 in the bank, straight cash every month. Your account would be looking lovely after 2-3 years.

 

[MrWestGrand]

you're completely wrong but it's okay, savings yielding 1% interest monthly


some of yall have no idea how to manage finances...it's shame really

The compound interest on 2mil is more than 4K weirdo, which means it yields more based on the 1% APY...

Your not making interest greater than what you'd receive if you were getting 4K allotments weekly and making deposits, so cut the bullshyt.

 

[MalikX]

yeah and then when nikkas take that 2m and they fukk it up yull be the first nikkas laughin...so how u gonna fault somebody that want's to make the best decision for THEM if they wanna take that 4k weekly ? no answer is the wrong answer...everybody not hustlers everybody not tryna be moguls or be jay z or flex on nikkas etc etc...some nikkas just wanna live comfortable...but you wanna call them brain dead...would you call some of these cats in here brain dead if they took the 2m and ran thru it in 2 years ?

Generally people raise their standard of living as they make more money. Oh, I can afford this now. I can afford that now. Let me get this and that. It takes a strong person to be disciplined. That's why 75% of lottery winners go broke, because they didnt earn the money or the discipline/financial literacy that would come with earning the money. They were just given a large sum and went buck wild with it. Taking the 4k a week forever would protect you from that, give you a whole lifetime to learn, to make mistakes as you go. Everybody always says they would do this or do that but, facts are 75% of lottery winners go broke.....with much larger lump sums than $2 million. If you already managing your money well now, the 2 mil is the easy choice. But if you're not and know you not disciplined, stop lying to yourself and take that 4k