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

[Professor Emeritus]

If ya'all are so financially brilliant that you would flip that $2 million into fantastic investments that would make far far more...then you'd already have the $2 million.


There's a reason why lotto winners and everyone else who gets quick money nearly ALWAYS goes broke. Money gained quickly goes quickly. It's a habit of human nature.

If you really think you a brilliant investor, then just save up that $200,000+ you get the first year and do something with it. If it doesn't work out, you have $200,000 more the next year to try again. If $200,000 ain't enough, wait five years and you already have well over a million to do something with.

If you don't have the patience to wait...then you probably shouldn't be trusted with $2 million anyway.


I gotta be at all the people with their risk-free investments for one-time money who chiming in on this thread.

 

[Goat poster]

Not just athletes, the rate of instant millionaires (also often with much more than $2M) who end up broke is astonishing too.

But, as with other things, the coli represents that small percentage that bucks the trend

Nikkas just KNOW they gonna turn 2mil into 20 mil in less than 5 years

2 mill now. What is wrong with y'all?

It would take you 10 years to get that 2 mill at 4k a week. Anything can happen in that time.

You can flip that 2 mill into a lot more in a few years.

Come on brehs.

You said yourself that "anything can happen in that time" yet you severely overlook the huge possibility that you can lose most of that 2 mill if you aren't careful.

The MAJORITY of ppl that come into fast big money lose it all.

But I guess the Coli is different as usual

 

[wild100sboy]

I mean, I have that added sense of security but nikkas will still be working for them extra coins .

I'll keep working too. Use those benefits and get my body right and see how long I can work without giving af

 

[1-8-7-Skillz]

2 mil up front is a ton of money that would surely make some people immediately accept just cause of how "fascinating" it would be to have such a huge sum for the first time in your life.
The 4k weekly is "safer" tho, that way you cant go broke by spending your whole fortune in a short time, that choice is better for anyone who isnt used to having that much money.
Also @ so many people talking about "I'd turn the 2 million into 50 million or something in no time". Not everyone out here is a 50 Cent/Jay Z etc. type businessman.

 

[Formerly known as...]

4K a week for sure.

 

[Formerly known as...]

2 mill now. You might die in a week.

But if you took 2 mill now and still died within the week then what?...

 

[Obreh Winfrey]

But if you took 2 mill now and still died within the week then what?...

Get ready for the

 

[dem bath salts]

But if you took 2 mill now and still died within the week then what?...

At least my children would have 2 million.
I just lost little sister 3 months ago in her 20'so mortality is on big on my mind. You ain't promised tomorrow.

Im also assuming those 4g a week payments desist at death like how the lottery works.

Just my opinion. Do you

 

[Houston911]

If ya'all are so financially brilliant that you would flip that $2 million into fantastic investments that would make far far more...then you'd already have the $2 million.


There's a reason why lotto winners and everyone else who gets quick money nearly ALWAYS goes broke. Money gained quickly goes quickly. It's a habit of human nature.

If you really think you a brilliant investor, then just save up that $200,000+ you get the first year and do something with it. If it doesn't work out, you have $200,000 more the next year to try again. If $200,000 ain't enough, wait five years and you already have well over a million to do something with.

If you don't have the patience to wait...then you probably shouldn't be trusted with $2 million anyway.


I gotta be at all the people with their risk-free investments for one-time money who chiming in on this thread.

This might be some woat level logic



"If you knew how to flip 2 mil then you would already have 2 mil"

 

[Blackrogue]

4K A WEEK EASILY.

I WOULD NEVER HAVE TO WORK AGAIN
IF I DIDNT WANT TO.



​

4k a week would be worth much less 25 years from now

 

[iBrowse]

2 mil up front is a ton of money that would surely make some people immediately accept just cause of how "fascinating" it would be to have such a huge sum for the first time in your life.
The 4k weekly is "safer" tho, that way you cant go broke by spending your whole fortune in a short time, that choice is better for anyone who isnt used to having that much money.
Also @ so many people talking about "I'd turn the 2 million into 50 million or something in no time". Not everyone out here is a 50 Cent/Jay Z etc. type businessman.

Exactly, I'm not a crab trying to tear down a person's aspirations, but not everyone is meant to be an entrepreneur and not all good business plans will be fruitful for a million and one reasons. Being confident in it succeeding is the way to be, but I think nikkas need to be pragmatic as well...I don't prescribe to the notion that everything is a sure thing. Everyone saying that they'd flip the $2MM to some exponentially higher number within a year should consider that.

If you want to have a conversation about black people collectively taking ownership adopting the Harlemism (i.e. ) mindset, we can do that through smaller moves as well...supporting our own comprehensively and across the board .

 

[Blackrogue]

I'm in the 2 mill camp

 

[Blackrogue]

Exactly, I'm not a crab trying to tear down a person's aspirations, but not everyone is meant to be an entrepreneur and not all good business plans will be fruitful for a million and one reasons. Being confident in it succeeding is the way to be, but I think nikkas need to be pragmatic as well...I don't prescribe to the notion that everything is a sure thing. Everyone saying that they'd flip the $2MM to some exponentially higher number within a year should consider that.

If you want to have a conversation about black people collectively taking ownership adopting the Harlemism (i.e. ) mindset, we can do that through smaller moves as well...supporting our own comprehensively and across the board .

Exactly, I'm not a crab trying to tear down a person's aspirations, but not everyone is meant to be an entrepreneur and not all good business plans will be fruitful for a million and one reasons. Being confident in it succeeding is the way to be, but I think nikkas need to be pragmatic as well...I don't prescribe to the notion that everything is a sure thing. Everyone saying that they'd flip the $2MM to some exponentially higher number within a year should consider that.

If you want to have a conversation about black people collectively taking ownership adopting the Harlemism (i.e. ) mindset, we can do that through smaller moves as well...supporting our own comprehensively and across the board .

You don't even have to a financial genius. You can put the 2 mill in an account andthe interest will get to a point it's giving you more than that 4k a week

 

[moa213]

People acting like getting earning 208K a year is some chump change. That will equivalent to someone making 270K a year being charge luckily 33%. That 208K after taxes will easily put you in top 10% earner in the top five expensive cities in America. It will be easily put you in top 1% among Blacks (who I will reside among and engage with through my entire existence) and the entire world (Ghana will be my second home).
http://www.businessinsider.com/income-top-one-percent-us-cities-2015-8/#11-houston-3
What Percent Are You?

Why bother working and flipping 2 Million when I can easily quit my job and leave of less than 3K a month and invest the rest in VIT ETF while traveling the world. I leave in NYC where I own 2 bedroom fully paid Co-op with $750 carrying monthly cost including Elec and Gas. I only pay for $40 internet while I use other friends account for Netflix and cable on Apple TV for free. Being cost efficient is the Key. Not to forget I 215K 401K to continue accumulating.

Lastly with good credit score and high salary can give you room to take credit loans if you know or want to try your luck with the same investment you plan on doing with the 2 Million. Rich people use credit for big purchases not actual cash so I will still have the same leverage as someone with 2 Million if decided to take high risk which is unnecessary with the amount of money saved each month and invest in ETF.

 

[BaRRyG]

4k easily. I go back to DR and live like a motherfukkin king for life.!

Lol we can do it for 2k out there lol