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[–] 5168229? ago 

50/50/90 rule. I choose the million.

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

This is actually a tough question the more I think about it. My first thought goes to the taxes I would have to pay on the 1 million. When all is said and done I would have about 600k left, which is definitely a nice sum... but it makes that 100 million dollars (60million) look much more attractive. I would still just go for the 1 million, only because it is a guarantee and you can do A LOT with 600k that would make you more than enough money to be financially stable for the rest of your life.

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[–] theburntsausage ago 

instant 1 million, be smart with it and you can turn it into 100 million and more .

but even then if i had 1 million right now i could pay off all my debs, finish school, and invest into something.

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[–] 5168250? 0 points 7 points (+7|-0) ago 

I'd take the one million. Although the risk is tempting due to the ridiculous risk/reward, in the end: A bird in the hand is worth a million in the bush.

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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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[–] 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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[–] 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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[–] 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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[–] 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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[–] 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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[–] 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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[–] 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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