Choose one: 400k/yr (before taxes) until you turn 65, or a 7 million lump sum (no taxes)

[HabitualChiller]

I'm 26 and currently in Alabama, so that 400k would turn into 259k after taxes, which would be $10,101,000 after 39 years.

I'd probably take that.

 

[Heafcliffe]

Gimme them 7Ms, b.

 

[HabitualChiller]

Even if I was 20 years old I’d take the $7M.

The $7M option is clearly the better option from a purely mathematical standpoint. Only people who should take the $400k option are those being honest with themselves about their discipline/knowledge to not blow that $7M. And let’s be reality, more people need to stop lying to themselves and admit they’re in that camp.

Also this. I'd blow that shìt giving it to family members.

259k a year after taxes is enough for me to chill and help out, but a 'small' enough amount to make it plausible for me to say "kick rocks, nígga!"

 

[T-K-G]

Also this. I'd blow that shìt giving it to family members.

259k a year after taxes is enough for me to chill and help out, but a 'small' enough amount to make it plausible for me to say "kick rocks, nígga!"

You don't have to tell family you got 7mil to begin with

"hey y'all I got a pretty good remote job imma be traveling for a bit"

They still gonna hit you up for bread but it'll never be anything egregious like 1 mil just because they existed next to you.


nikkas taking the 7 mil and still working and doing shyt for more money cot damn we are brainwashed here in the states. If you don't have amount that will satisfy you something is wrong.

I'm going to a smaller country with less fukkery, more power for my dollar, mom and dad both can retire and my brother already makes bank so we gucci, enjoying life

 

[Kornball The Conqueror]

How silly 4mil invested can gross you 400k a year

 

[DonB90]

Id take the 400k annually. Probably would end up blowing through the 7 million to quick and have nothing left

 

[⭐⭐⭐⭐⭐]

You don't have to tell family you got 7mil to begin with

"hey y'all I got a pretty good remote job imma be traveling for a bit"

They still gonna hit you up for bread but it'll never be anything egregious like 1 mil just because they existed next to you

Love anticipates need, if anyone has to ask for anything it's a dynamic of toxic attachment

 

[Wild self]

Take the 7 million and invest almost the entire thing. Live off of the investment profits and remain low key for life.

 

[Givethanks]

The 400k, if I blow it at least I know Im gonna get it back next year no worries.

Don't people who win the lottery usually blow the money fast

"Just invest the money" because Investing millions of dollars is easy as 1,2,3.

It's like how every guy I know with a record once said "I know the law, I know my rights" because understand the criminal code is easy as 1,2,3.

 

[L&HH]

There are high yield savings accounts that offer 5%.

You put $8 million in that and you’ll make $400k a year… so you’d make almost your first scenario ($400k) plus still have the principle ($8 million) of your second scenario

 

[CreepyMcCreeperson]

Even without taxes, that 7 million divided by 400K is only 17 years. I’ll take the 400K with taxes, because I’m going to live more than 17 more years.

 

[Double Rice No Beans]

itll never make sense....ever

1. tomorrow not promised
2. You can invest $6M of the $7M from day one in risk aree assets and generate enough $ where it surpasses the 400K x however long you gonna live. You can generate 300K a year easily from investing the $6M in investment grade bonds or infrastructure debt as an example.


people really dont understand finances

In my mind its a lower chance of me fukking up the money. A lot of things can happen when you get a windfall. Thats even if you think youll be calculated. I know the interest or dividends can lead to more money in the long run. If I drop dead in a year i dont think missing out on the 7 will matter.

 

[Heretic]

It'll probably end up being about the same amount either way for me so I'll take the 7 million just so I don't have to deal with taxes plus I'm pretty good at controlling my spending, much better at it than my girl is

 

[Ohene]

In my mind its a lower chance of me fukking up the money. A lot of things can happen when you get a windfall. Thats even if you think youll be calculated. I know the interest or dividends can lead to more money in the long run. If I drop dead in a year i dont think missing out on the 7 will matter.

but at leaast your friends...fam etc can eat off it

 

[Double Rice No Beans]

but at leaast your friends...fam etc can eat off it

Yeah thats true. Didnt cross my mind at the moment