I'm young and black, not even sure if I'm going to live tomorrow, let alone 10 years.1 million today.
If that is the case why have savings, 401k's, investments, etc.... if you can not guarantee what is going to happen tomorrow? If that is your concern you should eschew any financial discipline and live it up because tomorrow may be your last. Just live in the moment..... which when people actually do that it is not a good thing long term.Take what you can WHEN you can.
Tomorrow is promised to on one
Actually people taking 1 million now over 10 in 10 is an issue. Too many people can not look or plan ahead when it comes to money and finances, to defer an immediate short gain over a later gain. How many people do not invest in stocks, bonds, 401k's, etc... because the gain from them is 10-30 years out and rather spend money now?1 million today. The way people respond to these questions shows the dangers of capitalism which is people willing to put themselves through discomfort to have far more than they need to live a comfortable life.
With 1 million, I'd be able to buy a home and live on an income of 25,000 a year before factoring in work.
Hypocritically, my response would change if we were talking about 50 million.
I’m 30 I guess I can wait 10 more years