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[–] BentAxel ago 

A penny saved is a penny earned. Take the 1 million because there's a 50% rate of failure and that is worse than gambling. Gambling you have a 55% of winning.

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[–] SocratesOP 0 points 3 points (+3|-0) ago 

Don't know why everyone would take the milli. It really doesn't go as far as it used to. With the other option I have a 50% chance of retiring before I hit 30. If I don't win it, then life hasn't changed for me. Things aren't so bad now, so the 50% chance is a much more lucrative offer. On average, people would get 50mil from the latter option, while you can only get 1/50 of that with the first.

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[–] oedipusaurus_rex ago 

I don't want to retire. I love what I do for a living. A million bucks is more money than I know what to do with, to say nothing of 100 million. It makes more sense to me to take the million than to gamble with that much money.

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[–] SocratesOP ago 

It's not gambling since you didn't put any money up against it. It is just a chance. Obviously you don't have to retire, that's just a personal plus I see out of the 100mil.

If the trade off was you are either broke or you get the 100mil then I could see how this is gambling, but not getting it would mean you keep working at the job you say you love. Doesn't sound so bad to me

[–] [deleted] 0 points 4 points (+4|-0) ago 

[Deleted]

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[–] SocratesOP 0 points 2 points (+2|-0) ago 

Are you assuming 100% of people who invest their million will exceed the 100mil? If anything you've now traded a concrete 50% to bank on your ability to invest and multiply that million (which will be significantly less than a mil after taxes). I know - and I hope you know too - that many times your business ventures don't turn out "all profit" like you planned them. The investors making real money have a lot more to work with than a measly 1mil. To always come out in the green you need to be a big fish now, or have good luck. I think I'd rather take the 50% chance at an early lavish retirement.

Just my perspective.

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[–] flope_de ago  (edited ago)

I'd flip the coin. I am too poor for only one million to have a significant effect on my live.

[–] [deleted] ago 

[Deleted]

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[–] flope_de ago 

"Almost" is not enough. Thirty years ago I would have agreed with you, but in an age of capital gains taxes and negative interest rates a mere million won't last you a lifetime anymore.

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[–] newoldwave 0 points 1 point (+1|-0) ago 

A million in the hand is worth a maybe 100 million any day.

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[–] Whizwicky 1 point 15 points (+16|-1) ago 

100 million. If I lose, it's not a huge deal, because nothing in my life changes. If I took the million, I could invest it and pay down some debt, but nothing in my life would really change, I still have to show up to work the next day, and I'd probably regret not taking a chance for the next 60-70 years.

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[–] TremorAcePV 0 points 3 points (+3|-0) ago  (edited ago)

I still have to show up to work the next day.

Bro, annuities are great "For life" things. So for example, if I had $50K, I could invest it in an annuity and get paid $200ish per month for life.

If it scales, which I don't remember if it does, $500K would be $2000 per month. $1Mil would be $4000 per month.

$48,000 a year for life means no work necessary. :D Even then, if you did work, it'd be great supplemental income.

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[–] 5168752? 0 points 6 points (+6|-0) ago 

The regret point is an interesting one to make. For the rest of your life, assuming you blow the million somehow, whenever you find yourself in need of money, you'd ask yourself "What if I had taken the chance?"

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[–] Whizwicky 0 points 2 points (+2|-0) ago 

Exactly.

And as for blowing the million, just don't act like a lottery winner. Don't blow it all on depreciating assets, and don't spend it on family and friends, because it won't make them love you more.

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[–] ForgotMyName 0 points 7 points (+7|-0) ago 

Then you would have just blown 100 million instead of one. It's the same reason lottery winners end up broke - they suck at managing money. If they were good at it, they wouldn't be playing the lottery.

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[–] 0fsgivin ago  (edited ago)

For this to be viable choice it would have to be 1 million or 100 billion. Even then id take the 1 million. Sorry world.

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[–] Thisismyvoatusername ago 

I'd take the 50% chance at a million since it is otherwise unlikely I will end up with that much. While an additional million would be a lot better than a sharp stick in the eye, it doesn't really do all that much for me in terms of changing my life.

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[–] TheKobold ago 

I'll take the million. It gets me what I want and what I need plus some. Pay off my debt, my dad and little bro's debt, buy us decent cars, go to college, with enough left over to start a small business.

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