[–] CantBuySkills 0 points 1 point 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.
[–] 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.
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.
[–] Whizwicky 1 point 15 points 16 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.
[–] ForgotMyName 0 points 7 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.
[–] TremorAcePV 0 points 3 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.
[–] 5168229? ago
50/50/90 rule. I choose the million.