$1 million Today or $10 million in 10 Years?

The_Truth

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I saw this question posed on one of those "would you rather..." games. Would you rather get $1 million today or wait 10 years to get $10 millions?

Now if I were 10 years younger, I'd choose the 10 year option. But I'd be content with $1 million today.
 

OaklandCertified

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The was this twilight zone episode where the 3 guys did a gold heist, went into some sleep chambers that made them sleep for 100 years to avoid the police. They woke up 100 years later with bags full of gold bars thinking they were rich. However, by this time the world had made gold obsolete.

Moral of the story: Take the money now. 10 million might not be the same in the future.
 

Address_Unknown

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Is the 10 mil a lump sum, or am I getting a mill each year for 10 years or even less?
Unless I get NO MONEY for 9 plus years, I'm takin the 10 in 10 years option.
A mill ain't even a mill the minute it reaches my hand, it already got bills/obligations deducted from it.
 

Calibrated

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"..$1 million today..."

dr-evil-one-million-dollars-come-here-cuzgpakcw8md4hop.gif
 

num123

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10 million easily. Soon as i get it i am retired and knowing i would get it would allow me to be more risky with investments. If what i put my money in does not pan out, i have the 10 in my back pocket.
 

Diondon

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Somewhere tropic...
The time value of money is a financial concept that holds that the value of a dollar today is worth more than the value of a dollar in the future. This is true because money you have now can be invested for a financial return, also the impact of inflation will reduce the future value of the same amount of money.
 
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