25 x 40M = 1B > 568M
Gimme the 25-year NBA/MLB deal
Gimme the 25-year NBA/MLB deal
WhoresHow can one go broke off $568M cash?
Mike Tyson blew 300M 30 years ago which is likely worth about that now.How can one go broke off $568M cash?
Whores
Casino
Making it rain at the strip club
Drugs
Cars
Homes
Gold rims
Helping friends and family
Buying Cheetahs
Not paying taxes, and having to pay attorneys to stay out of prison
Trusting the wrong people, and getting your money stolen
Paying for a trips to space
No yo can'tTake the whole thing. You can invest and make back the lump sum fee rather quickly.
I'm of the same mindset. It's funny how everyone that takes the lump sum just generally knows that they're going to just make money automatically. Speaking conservatively you can probably be fine off 3-5 mil and invest the rest of the money. The lotto people bank off people's pure greed to take that lump sum.40 million a year.
There is no reason for me not to take this option. Over 25 years it would add up to 1 billion.
Is there an investment that would guarantee the 500 million would be worth 1 billion in 25 years time? There might be, this is a genuine question.
Anyway, 40 million a year is not going to hurt me. It is already more money than I need in life time. It would give me enough money to live a very comfortable lifestyle and enough time to learn how to manage my money.
Your payments are adjusted for inflation.Lump, the money's value decreases over time so take the payout.