DontTazeMeBro Posted March 14, 2020 Share Posted March 14, 2020 I’d take the million. I don’t hate my job but I definitely don’t want to do it the rest of my life. Give me the M and I’ll figure it out. Quote Link to comment Share on other sites More sharing options...
Mega Ron Posted March 14, 2020 Share Posted March 14, 2020 (edited) 1 hour ago, Glen said: Question is simple. If given the option would you rather take 1 million dollars cash now but never be able to work again, or would you take 200k a year but be forced to work the same job you're currently at till you're 80 years old? I'll take the 200. I work from home and barely put in 10 hours per week. The 200 would make those other hours much more pleasurable. Edited March 14, 2020 by Mega Ron Ish. Quote Link to comment Share on other sites More sharing options...
N4L Posted March 14, 2020 Share Posted March 14, 2020 I'm confused why anyone would take the 200k. Not only is it 80% less money but then you also have to work until you're 80. Hard pass Give me the 1m, I'll move somewhere cheap like Argentina and buy investment property Quote Link to comment Share on other sites More sharing options...
Whicker Posted March 14, 2020 Share Posted March 14, 2020 4 minutes ago, N4L said: I'm confused why anyone would take the 200k. Not only is it 80% less money but then you also have to work until you're 80. Hard pass Give me the 1m, I'll move somewhere cheap like Argentina and buy investment property I plan on living more than 5 years so the 200k is more money. And I don’t have a real job. So give me the 200k Quote Link to comment Share on other sites More sharing options...
Dome Posted March 14, 2020 Share Posted March 14, 2020 Just now, Whicker said: I plan on living more than 5 years wow mr optimism over here 2 Quote Link to comment Share on other sites More sharing options...
Pickle Rick Posted March 14, 2020 Share Posted March 14, 2020 1 hour ago, N4L said: I'm confused why anyone would take the 200k. Not only is it 80% less money but then you also have to work until you're 80. Hard pass Give me the 1m, I'll move somewhere cheap like Argentina and buy investment property 1 hour ago, Whicker said: I plan on living more than 5 years so the 200k is more money. And I don’t have a real job. So give me the 200k This Quote Link to comment Share on other sites More sharing options...
bucsfan333 Posted March 14, 2020 Share Posted March 14, 2020 Gimme a milli. Quote Link to comment Share on other sites More sharing options...
The Orca Posted March 14, 2020 Share Posted March 14, 2020 1 million Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 15, 2020 Share Posted March 15, 2020 200k. I generally believe a person needs something to do with their time. I couldn’t fill my day with masturbation and FF alone. .... .. scratch that, gimme the million. 2 Quote Link to comment Share on other sites More sharing options...
Tetsujin Posted March 15, 2020 Share Posted March 15, 2020 Million. Live off the interest and live like a king in SE Asia. Quote Link to comment Share on other sites More sharing options...
Xmad Posted March 15, 2020 Share Posted March 15, 2020 Gimme the 200k, if only because I'm working two jobs and one is for myself. I wouldn't mind working for myself for 200k/yr. Plus 200k/yr guaranteed income for life is not bad at all. Quote Link to comment Share on other sites More sharing options...
Malfatron Posted March 15, 2020 Share Posted March 15, 2020 is the 200k per year before or after taxes? Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 15, 2020 Share Posted March 15, 2020 12 minutes ago, Malfatron said: is the 200k per year before or after taxes? Wouldn’t that apply to either sum? Quote Link to comment Share on other sites More sharing options...
Ty21 Posted March 15, 2020 Share Posted March 15, 2020 Damn so I could make $175k+ a year with no college degree out of high school then? 2 Quote Link to comment Share on other sites More sharing options...
N4L Posted March 15, 2020 Share Posted March 15, 2020 12 hours ago, Dome said: 12 hours ago, Whicker said: I plan on living more than 5 years wow mr optimism over here Yeah, I guess @Whicker is 75?? Putting the 'have to work until you are 80' aspect aside. I think this shows how little people understand the time value of money. It's a comparison between 800k now (difference between two options) or the right to be able to earn money in future years. Even if you were making 100k a year at your job after taxes, and saved 100% of it, it would take 10 years to catch up. 800000 100000 840000 205000 882000 315250 926100 431012.5 972405 552563.125 1021025.25 680191.2813 1072076.513 814200.8453 1125680.338 954910.8876 1181964.355 1102656.432 1241062.573 1257789.254 1303115.701 1420678.716 The last line ^ is year 11. Both columns assume 5% interest per year. 10 years to catch up with making 100k after taxes and paying living expenses. SO, there are some people out there who could potentially say they would rather take the 200k and have it actually make sense financially (other than "I like my job" line) but those are people who are already in the 1% to where 200k doesn't change much of their life so they would probably go option C which is take neither. People in the 1% don't want to be forced to work until they are 80 as the question is posed, and 1m without being able to work again is a net negative as well (for them). So, unless you are making tons of money, have a career that could grow into a 400k+ a year job and you're under 35, you would be wise to take the 1m then go to a part of the globe where that money goes a lot farther, and proceed to ride off into the sunset 200k to be forced to work the rest of my life? I actually wouldn't take that deal even if there wasn't 1m on the table. Life is too short 4 hours ago, LETSGOBROWNIES said: 4 hours ago, Malfatron said: is the 200k per year before or after taxes? Wouldn’t that apply to either sum? It actually changes things dramatically, because 1m would be 500k in California after tax, where the 250k would be like 140k after tax (I think). Instead of 800k difference it's a 360kish difference which greatly alters the math So let's just assume it's 1m net 1 Quote Link to comment Share on other sites More sharing options...
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