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[–]Whizwicky1 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.
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?"
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.
[–]Whizwicky0 points
2 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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[–] 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.
[–] 5168752? 0 points 6 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?"
[–] 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.
[–] Whizwicky 0 points 2 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.
[–] TremorAcePV 0 points 3 points 3 points (+3|-0) ago (edited ago)
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.