10 mil obviously
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02-15-2013, 12:02 PM #31
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02-15-2013, 12:03 PM #32
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02-15-2013, 12:03 PM #33
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02-15-2013, 12:03 PM #34
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02-15-2013, 12:03 PM #35
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02-15-2013, 12:04 PM #36
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02-15-2013, 12:06 PM #37
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02-15-2013, 12:07 PM #38
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02-15-2013, 12:08 PM #39
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02-15-2013, 12:09 PM #40
10 000 000 today.
BRB buying 30 200-250k houses and rent all of them for $1000/month.
BRB $1000/day and still at least 3 millions left over for me.
Everything goes to **** and the 3k/day stop? Still have my properties. Also values goes way up over time.Last edited by Inb4Adonis; 02-15-2013 at 12:20 PM.
☆ ☆ QUEBEC CREW ☆ ☆
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02-15-2013, 12:10 PM #41
What is with all of the people with lack of self-control on here? So you're saying you would blow $10 million immediately instead of making smart financial decisions because you can't control yourself?
No wonder we have Obama as president and people want a big nanny state to take care of them. ****ing idiots
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02-15-2013, 12:11 PM #42
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02-15-2013, 12:11 PM #43
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02-15-2013, 12:12 PM #44
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02-15-2013, 12:13 PM #45
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02-15-2013, 12:14 PM #46
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02-15-2013, 12:15 PM #47
- Join Date: Sep 2011
- Location: Illinois, United States
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I'd invest 9 million of it but I would be tempted to pay off parents house and put away for their retirement, brothers college debt, sisters college, grandparents house so they don't have to move, etc. It would be a decent initial chunk taken out right away without even spending it on myself. When all was said and done I'd probably be left with 8million which I could invest but investing is a gamble which you can lose very quickly. I'll take the sure thing.
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Moderate Republican Crew
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02-15-2013, 12:15 PM #48
- Join Date: Aug 2009
- Location: Franklin, Indiana, United States
- Posts: 61,831
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3,000 would be tempting because you have a safety net. You could blow 10mil real fast in a poor investment.
Not to mention if you're GUARANTEED 3k a day people will be pretty open to LOAN you large amounts of money that can still invest.*PUREBLOOD CREW*
*DAD CREW*
*SUPER STRAIGHT*
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*CCW*
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02-15-2013, 12:16 PM #49
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02-15-2013, 12:16 PM #50
3k/day
Im not a miscer that thinks he knows everything about investing so Ill be smart.
$1.1mil/year for another 50-65 years
so $3k in 1993 is the same as $500 today, Im sorry but you really didnt think your post through did you?
the problem is everyone that is choosing $10mil actually thinks they know how to invest and thinks they will always make money off it...a lot of people are naiveCarb Mal-absorption, no breads, sugary snacks, rice, pasta...live off of 30-40g a day.
Eosinophilic eso****itis, cant ingest dairy or my eso****us closes up
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02-15-2013, 12:17 PM #51
3k/day
assume a 5% interest rate
x is the number of years
option 1 - 10000000 * (1.05)^x [compound interest formula]
option 2 - (3000 * 365) (((1.05^x)-1)/0.05) [future value of an annuity formula]
set them equal, solve for x. it's 12.5, so $3000/day becomes the better option after 13 years. I'm planning to hit 40 so I'd go with $3k/day.
buncha fukkin potatos in here.Last edited by OPISAPHA; 02-15-2013 at 12:32 PM.
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02-15-2013, 12:17 PM #52
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02-15-2013, 12:19 PM #53
http://data.bls.gov/cgi-bin/cpicalc....980&year2=2012
So in 30 years, $3000 has lost its buying power by over 70%
Looks like you fail at inflation, kid. Now get back to your high school economics class.
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02-15-2013, 12:19 PM #54
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02-15-2013, 12:20 PM #55
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02-15-2013, 12:20 PM #56
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02-15-2013, 12:20 PM #57
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02-15-2013, 12:20 PM #58
Does the 3k a day adjust for inflation? Some of us arent sure if we'll live for 9+ years haha. Either way, I'd take the 3k a day, simply because if I got the 10 mil i might be tempted to go crazy with it, while if i had 3k a day, and lost my money, id always know that I could just wait until the next day to get 3k more.
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02-15-2013, 12:21 PM #59
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02-15-2013, 12:21 PM #60
10 Million today, put directly into a bank account with a decent rate of return would generate around 1000$ a day in interest, compound that and after a couple years you'd be getting 3000$ a day anyway...
These two amounts are way to much anyway, you could either and be completely set for life, plus the life of your kids and there kids, so you can't really make the wrong choice lol
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