Definitely the 5 million now, I could use part of it to set up my luxurious life and invest the rest. In the end, I could grow my accounts larger with interest which would give me more than 10,000,000 at the end of those 10 years.
5 years ago | 75
10 more years isn't promised to me, I'll take the 5 million If I was still 30yrs old I would probably have a different answer.
5 years ago (edited) | 122
Life is too short nowadays,, 5 million dollars now is better than maybe waiting for money I won't eat or in good health...🇸🇱🇸
5 years ago | 10
It really depends on how you handle the money. 5 million is more profitable for a skilled businessmen or a skilled stock buyer because a 20% increase can be attained for around 1-4 months or even less if you bought a stock at a right timing. Â 1 million for a year for 10 years on the other side is like a life insurance and it is better for people who don't have enough knowledge on business. The 1st 5 years can be used to prepare yourself for studying and trying any businesses without getting critically hit if your business didnt go well.
5 years ago | 2
I wonder if the high percentage of people who would prefer to receive $1m every year rather than $5m upfront is because they don’t know how to make that $5m in $50m over 10 years?
5 years ago (edited) | 33
1 million each year because 1 million dollars is already a lot of money 🤩🤩
5 years ago | 52
5 million because I will invest them to make more money.
5 years ago | 44
I would get 1 million per year and invest it on my business
5 years ago | 10
$1 million per year: Year 1: take care of all of my late hospital bills and debt. ( i hate my insurance) Year 2-3: buy property and build my dream home with my wife. year 4-6: invest money wisely ( i already have a few investments but they are too safe and not too productive) year 7-10: Help out here and there, donation to St.Judes hospital and other stuff.
5 years ago | 19
Let's say you can get a 10% interest rate per year, you would still want 1 million per year.
5 years ago | 2
I could invest 80% or all of that 1 million this year, knowing whether my investments fail or not, I'd have anther million next year.
5 years ago | 16
5 million = carelessly spending but i would invest the million in real estate every year
5 years ago | 1
If you invested that 5 million in a standard index fund it would give you ~ 7% a year, and you would end up with around 9.8 million after the 10 years, and if you take the 1 million per year and invest it each year, you would end up with around 13.8 million. Therefore, the $1 million per year is better, as it ends up earning you ~ 4 million more.
5 years ago | 1
Uk a lot of welth at once with no. Efforts could drive you crazy also having a long term income source helps you spend your money responsibly
5 years ago | 1
Mr. Luxury
Would you rather be given $5 million in cash right now, or receive $1 million a year for the next 10 years?
5 years ago | [YT] | 2,200