$1 million Today or $10 million in 10 Years?
- Thread starter The_Truth
- Start date
If inflation rises so much that 10 million dollars in ten years is equal to or less than the value of 1 now, we have bigger things to worry about.
You get $10 mil exactly 10 years from today.
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
Exactly.. that's my retirement plan
Grind it out for another decade then retire somewhere in Africa or South America
Diondon
Thanks to the lawyers uh, I marbled the foyer
Who knows what the inflation rate will be. The point is that along with the loss of potential returns, those factors deteriorate the future value of money compared to having it today
beenz
Rap Guerilla
$10M in ten years is SIGNIFICANTLY more money. even if u invested the $1M into the overall stock market. given a 10% annual rate of return, in 10 years, you'd be looking at maybe $2.6M. and that's if you NEVER touched it the principle amount entire time.
-1mil today. I can stop working this job & start working on my craft.
nikka said damn doing something positive I wanna risk life in prison cosplaying as big meech
The half I put in a startup will be the front for my drug business
And again, if inflation rises to a point where 10 million dollars ten years from now would not be significantly better than 1, we are fukked. 70 years ago in 1954 1 million would be 11 today, so if we had a similar change in ten years from now, we would be screwed.
$1,000,000 in 1954 → 2024 | Inflation Calculator
The 3.58% inflation rate means $1,000,000 in 1954 is equivalent to $11,692,936.80 today. This inflation calculator uses the official US consumer price index published by the Department of Labor.
www.in2013dollars.com
Unbothered
ELEVATING to HIGHER LEVELS with POSITIVE VIBES ✨
$1M today, hands down. A million dollars is a lot of money, especially if you know what you're doing and not wasting it on some trivial one-time thing. Surprisingly an average person very likely could live off a million dollars for the next 7-10 years.
A lot of things can transpire between now and 10 years later, there's no guarantee you'll be alive shyt tragic events happen, ya get hit by a car, maybe a car accident, health complications leading to natural death, getting murdered, etc.
You can't plan for 10 years later if it was 10 minutes, 10 hours, 10 days, 10 weeks, or 10 months later shyt yeah that'd be a different story but 10 years later nah that's not smart because situations change. People taking the $10M aren't thinking about the reality of the possible scenarios; you should always think about the present, as there's no telling what the future holds.
A lot of things can transpire between now and 10 years later, there's no guarantee you'll be alive shyt tragic events happen, ya get hit by a car, maybe a car accident, health complications leading to natural death, getting murdered, etc.
You can't plan for 10 years later if it was 10 minutes, 10 hours, 10 days, 10 weeks, or 10 months later shyt yeah that'd be a different story but 10 years later nah that's not smart because situations change. People taking the $10M aren't thinking about the reality of the possible scenarios; you should always think about the present, as there's no telling what the future holds.
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Some of y'all really picking $1M today?
I see why y'all nikkas stay broke 
$10M in 10yrs is the EASY option.
And I get to start enjoying the money immediately as I wouldn't need to put money in my retirement accounts.
I see why y'all nikkas stay broke $10M in 10yrs is the EASY option.
And I get to start enjoying the money immediately as I wouldn't need to put money in my retirement accounts.
Address_Unknown
Jesus Loves you...Your Cat doesn't. {#Dogset}
fukk it.
I'd hold out for the 10mil on some retirement shyt.
I'm still relatively young and healthy.