$5000 Per Month for 10 years or $500,000 Lump Sum?

[Umoja]

600k over 10 years vs 500k now. 500k now.

 

[Po pimp]

I misread and thought it was $5k a week. Easily $500k lump sum. The first option is only $100k more and it’ll take over 8 years to equal the $500k you could’ve gotten in one day.

 

[UpNext]

If there's no tax advantages and you're not someone who believes they need to be saved from their own bad spending habits, you always take the money up front.

 

[#BOTHSIDES]

This

Lump sum.

Compound interest for 10 years on $500k will get you about $800k.

5% interest rate on $500k the first year is an extra $25k.

A few thousand dollars not invested one year can lead to multiple millions of dollars missed 30 or so years from now, so imagine what a few hundred thousand can do.

this. Close thread

 

[AQz]

$600,000 spread out or $500,000 today.

Give me the money now. $500,000 will allow be to make bigger changes in less time creating more opportunities

 

[beenz]

lump some. I'm not waiting 10 years just to get an extra 100K. I can make that back from investing most likely.

 

[TELL ME YA CHEESIN FAM?]

lump sum so I can leave this country for good

 

[Ozymandeas]

People always discount how amazing it is getting a check every month for doing absolutely nothing.

 

[Dorian Breh]

People always discount how amazing it is getting a check every month for doing absolutely nothing.

Is it that different if the payment comes from earned ROI?

 

[Rev Leon Lonnie Love]

"How financially uneducated are you" the thread

If you choose the annuity you don't deserve a high school diploma

This. These bait threads are just to expose how financially illiterate thecoli is....including me

 

[Strapped]

Lump , Tomorrow is not guaranteed

 

[ShackZilla89]

5k a month...

 

[Shadow King]

10 years. You get taxed at once with lump sums. At least you can minimize tax effects through careful planning.

This has been left out...

 

[KidJSoul]

Lump sum

Use 50k for urgent bills or procedures

Invest 350k and get money from interest

Remaining 100k for business ventures

 

[MajesticLion]