$1 Million Guaranteed or Coin Flip for $1 Billion?

[GoAggieGo.]

Taking that guarenteed million, and taking my ass to work Monday morning.

Can pay off my house, car, other small debts, and make sure my daughter has her college paid off and a little money to start off adulthood with. If I ever get laid off, I’ve got a cushion. I’d be hurt if I flipped that coin and got nothing.

 

[richaveli83]

Give me the million.

 

[Shadow King]

$1M isn't life changing money. I'd be at work either way. I'd stick the $1M on index funds and wouldn't touch it for the next 30 years.

$1B is different.

Plus I work at home, so I'm not worried about looking goofy

Yes it is lol, or it can be. You may still be working but you can make changes with $1M.

 

[Shadow King]

Lmao. Based on some responses, I could definitely see some brehs taking $100K guaranteed over 50/50 shot at $1B.

No.

 

[Shadow King]

Way i see it,
100K = you continue living your currrent lifestlye, but retire a few years earlier, maybe at 55 instead of 65. Or you get a new start, ie u pay off debts, move out of that small apartment into a nicer place. get a decent car.

1 million = life change, IE quit job, start your own venture, and live comfortably with a strong advantage in life. just don't take too many crazy risks where you end up losing it all.

1 billion = Life of luxury. you're done with the rat race at this point and all you have to do is hire the right accountants, financial advisors, and lawyers to manage your wealth and investments while you do whatever you want for the rest of your days.

I'd gamble the 100k vs the billy, but 1 mill a too much to pass on for a guarantee.

1 million isn't retirement money itself, those ventures would have to take off before that.

 

[Shadow King]

I'd take the coin flip option for a billion dollars just off the fact that it's enough money to have you and your family become and stay wealthy for at least 10 generations.

You can blow a million dollars in a night.

Plus, you have a 50% chance with the coin toss (which I won).

You are vastly overestimating your family/descendants

 

[Conan]

Yes it is lol, or it can be. You may still be working but you can make changes with $1M.

For me, I should have said. I'd stick it in my retirement account and keep on working. I'd probably retire earlier but I'm not splurging.

 

[010101]

take the m split it to purchase one billion dollar coin flip for 500k*

 

[lib123]

edit

 

[lib123]

bump

 

[lib123]

Really surprised most of y'all would take $1M.

 

[FaTaL]

Really surprised most of y'all would take $1M.

one mil is guaranteed, flip the coin and you're back to being depressed

 

[Astroslik]

one mil is guaranteed, flip the coin and you're back to being depressed

$1 million wouldn’t drastically change your life and family life for generations

 

[FaTaL]

$1 million wouldn’t drastically change your life and family life for generations

with my luck, I would fuking lose the coin flip, I always do

 

[feelosofer]

You can't retire of 1 million BUT that would be enough to pay off your debts, make your your children at least have a head start in life and you have enough left over to invest in business or the markets which ever you choose.