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

[Scott Larock]

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

drop some game then, where to start with a smaller investment?

most of us know nothing of that stuff.

 

[Bboystyle]

drop some game then, where to start with a smaller investment?

most of us know nothing of that stuff.

OTC penny stocks

 

[MalikX]

PPl that support taking the 2 mill up front keep saying "time is money"

Do they not understand that having a GUARANTEED income for the rest of your life is the definition of time being money?

10 years from now they would be watching the people who chose the 4k every week when them checks come on friday.

while they bytch and complain about those sure shot "investments" that fell through

While asking them for a loan

 

[Obreh Winfrey]

In fact, you may still lose to inflation even if you save your money in a bank account or Certificate of Deposit (CD).

For example, the average historical rate of inflation is roughly 3.40%. Let's say you are feeling financially responsible and put your hard-earned cash into a CD, earning 2.00%, at the local bank. Doing some quick math, you can calculate the difference (3.40 - 2.00 = 1.40) and see that you are still losing to inflation by 1.40%. This doesn't even factor in the effect of taxes on your savings, which would reduce your real rate of interest (after inflation and taxes) to roughly 0.10%, assuming a top federal tax rate of 25%. Therefore, in a low interest rate environment, you could save money in a CD but still value because of inflation and taxes -- you are doing what I call "losing money safely."

Learn How to Beat Inflation

Furthermore

For example, if you put $100 into an HSBC Direct savings account, it will earn 5.05% APY, and thus in twenty years it will have a value of $267.87 when you check the account balance. However, if inflation stays at 3% for the next twenty years, a dollar will have the same value as $0.54 today. Combining those two factors, your nice HSBC Direct account balance will actually only have the same value as $145.67 does today.

What about taxes? Taxes basically only effectively reduce the interest rate that you earn. So, for example, let’s say you pay 28% income tax on interest. That means that your effective interest rate on that savings account is 3.63% after paying out the income tax each year. If you use that as your interest rate, after twenty years, your $100 will have turned into only $111.09 in today’s dollars. Basically, any savings account that earns a return less than 4% or so is actually losing value over time because of the effect of taxes and inflation.

Compound Interest Versus Inflation: The Battle For Your Money - The Simple Dollar

 

[kwazzy100]

Inb4 people come in here talmbout how they'll take the 2 mill and somehow, through their superior intellect and money skills, flip it into an inter-generational empire

I bought some art work for $1 million

2 years later, that shyt worth $2 Million

Couple years later, that shyt worth $8 million

 

[Donald J Trump]

if u woulda put that 2 mil in index funds after 08

but aye, at least that funky 4k is comin in

boys sayin but what if you lose it all in the stock market do u know how braindead you have to be to do some shyt like that.. i've done some of the riskiest shyt in stocks, its damn near impossible to lose ALL ur money lol

 

[ORDER_66]

$4K a week!!!

 

[Wargames]

^This is what I would do with 2 million

With 16 k a month I would just travel around the world like I had a trust fund.

Both are viable choices.

 

[Womb Raider]

4k weekly, my nikka.

 

[Liquid]

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

My banks says 2% so that's monthly right? 24% gain year after year.

Get on my level

 

[rapbeats]

4K/wk for 10 years > 2 milli


This is maybe one of the easiest polls ever

a bird in the hand....

its both.

i would take the 2 mil and slow flip it and still not clock into another man's job.

since i would have more money to flip. i would be ready to make even more money quicker.

if i take the 4k. I will go out and get a loan for close to the full amt. yes they do that when they know you are guaranteed money like lottery money. they would take the difference from whoever gave me the 4k per week times 25 years.

i would get a nice lump sum

 

[TNC]

2 million at 5% would pay me 100k a year. 4 per week is 208k per year. I'll go with the $2 million.

Where you getting 5%, my financial planners ain't getting nothing that high??

 

[TNC]

I probably would buy a painting. 2 years later that shyt worth 4 million. Few years later that shyt worth 8 million. Couldn't wait to give that shyt to my children.

 

[Arithmetic]

There is a wrong answer

you take the 2 million and it'll grow faster than 4000 coming in a week

This is the equivalent of folks taking 40k a week over an 80 mil lump sum

How the hell do you figure 4k/$2 million is "equivalent" to $40k/$80 million


Your lack of basic math skills suggests you'd lose that $2 million in quick fashion.

Says the guy that can't figure out basic proportions

2000 x 40 is 80k
2 mil x 40 is 80 mil

Breh are you trolling me right now?

The original question was $4k/week vs $2M

Multiplying both by 10 gives you $40k vs $20M....where the hell did you get $80M from?

I'm not sure what kind of funky math you're doing, but your inability to get basic scaling suggests you are not being honest with yourself in terms of your ability to flip $2M


Also, after you admit this error, I'd gladly explain why simply scaling things equally does NOT create "equivalent" scenarios.

It clearly says x 40 in the quote

Learn how to read

LMAO @ you editing your post and STILL fukking up the proportion

Shut funny as hell looking back

 

[TNC]

75% of the users that voted in this thread chose the weekly payout.




Do you not understand how much time and money you are leaving on the table?

Probably not, but I respect the honesty.

Most people don't have the passion, drive, determination and knowledge it takes to make that 2 mil work for them. 4K a week would put you over 200K a year and you already in the top 10% of the world with that, struggle free. Most people aren't built for the stress it takes to go from rich to wealthy...