$10,000,000 today? Or $3,000/day forever?

[Bezzz]

Ill stick with CEOing 10k a day op. keep ur $

[JeffyDOS]

this thread makes me sad because i don't have $3,000/day or $10,000,000 today

[Hobbsyy]

The simplest calculation would be:

$10,000,000 today = $10,000,000

$3,000 per day in perpetuity = $3,000 / daily discount rate


Annual rate of return is even at 10.95%. If you can earn greater than 10.95%, take the money now. If you can't, take the $3k/day. Of course there's a dozen other factors that could contribute to your decision.

This... 3k/day for sure

[cchar042]

Lol at you people taking $10M and living off the interest. You'll be getting ~$1000/day max and won't be able to touch the $10M, else your interest income starts dropping.

Unless you can guarantee over $3000/day in interest, the $10M is a terrible choice.

[Athos1]

10 mil

Don't even feel the need to explain myself..

Stupid question

[DJKhaled]

Lol at you people taking $10M and living off the interest. You'll be getting ~$1000/day max and won't be able to touch the $10M, else your interest income starts dropping.

It's called wealth and with proper LOW-RISK investments you would easily be able to put $5 million into a diversified portfolio focused on dividend-income and earn $300k/year

Then you have the peace of mind knowing you have $5 million completely liquid if you ever wanted to pursue your own business or anything like that. With $3k/day you would have to take out loans for everything and that's how most people over-leverage themselves and go bankrupt

[ItWasThePlan]

Too bad none of you dumb ****s taking $3k/day factor in inflation

In 20 years $3,000 will be the equivalent to $500

well in 20 years when you have ur 10 mil spent and i have 21 million dollars, ill be still getting more daily then u will.

[luizjuiz]

10,000,000 instantly can give you 3k a day (90k/month) if you just invest it at an interest rate of 0.9%/month. This is doable in most of countries around the world, plus you don't have to wait 9 years to actually get 10,000,000, because you already have it. But 3k daily may become a better option at lower interest rates. For example, at 6%/year, the guy earning 3k/day would have more money than the guy that earned 10kk at the beggining after just 12 years if they both invest at the same rate and don't spend the money. I personally would take the 10kk instantly because in my country doing 0.9%/month without risk is not that hard, but for those who live in the USA the 3k/daily may be a better option, mainly if you don't have much knowledge or interest in investing it in non risk-free investments. If you manage to make more than 0.9%/month, the 10 mln option will always keep you "ahead" the 3k/daily option for the same investment. Just to remember, the inflation is valid for both the 10 mln and the 3k/daily so it can be negliged for the analysis, I mean, if one of them gives you 100k a day after a few years and while the other one is giving 80k, the 100k option is better regardless the "real value" of the 100k.

[DJKhaled]

well in 20 years when you have ur 10 mil spent and i have 21 million dollars, ill be still getting more daily then u will.

No, I wouldn't be a dumbass like you and spend all of my money on stupid ****. Because, well, I'm not an idiot

[iradumass]

anybody who chooses $3k/day

finance not even once

[rbforme]

$3k/day by FAR.


That's like making 11% per year on your $10 million dollar principle investment for the people taking the lump sum and planning on investing it. Getting that kind of a return takes quite a bit of risk so I'll go with the sure thing.

[ItWasThePlan]

No, I wouldn't be a dumbass like you and spend all of my money on stupid ****. Because, well, I'm not an idiot

u sound bitter m8

[Darknightbegins]

3000 a day

so i can have a 3000 a day spending limit.

This. Yeah I could invest 10 mil and potentially fuk it up and there goes my entire income. Once I save up X amount from my 3K a day allowance I can blow 3K a day all day err day

[cixelsidCDN]

Too bad none of you dumb ****s taking $3k/day factor in inflation

In 20 years $3,000 will be the equivalent to $500

Was in to say this. Not to mention interest on the lump sum plus investing that money will create a value greater than $10m.

[angelora87]

Why would anyone choose 10 million a day unless they were expecting to die very soon?

Even if you want to live an extravagant life in your youth, it won't be much of a difference between the two.

In 5 years, you could spend a million each year with the 3k a day option. In 5 years you could spend 2 million a year with the 10 million option.

However, you're boned after those 5 years if you pick the 10 million option. Even if you have 2 million left, you'd only have a modest salary to work with. You would still be happy because you wouldn't have to work, but you wouldn't live a rich lifestyle.

[Brosnbroccoli]

3k/day

- Only buy quality foods
- Can eat out everyday
- Something breaks? Fix it instantly
- Don't have to worry about investments
- Can do exactly what I feel like
- No fake friends
- Can get anything except a house/car within a week
- Can invest in high-risk high-reward with 3k whenever you feel like it.

You would pretty much have a awesome life with any option, but with 3k a day you would have no worries the rest of your life

[cixelsidCDN]

This. Yeah I could invest 10 mil and potentially fuk it up and there goes my entire income. Once I save up X amount from my 3K a day allowance I can blow 3K a day all day err day

Lol.

A conservative interest on the lump sum is like $2000 a day.

Strong knowledge in this thread.

[jayt8]

nothing is guaranteed forever

10 milli today.

[bbacn123]

3k/day

assume a 5% interest rate
x is the number of years

option 1 - 10000000 * (1.05)^x
option 2 - (3000 x 365) (((1.05^x)-1)/0.05)

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.


****in noobs.

Actually it won't even take that long according to my calculator.

This ******* is correct though.


If you spent none of it, and invested every year and received 1095000 every year you end up with a little over $10 mil by year 7. $10 mil people are up to $14 by year 7 though if they never touched it, so we keep going.

By year 11 3k/day people have $17 mil, $10 mil lump sum people also have $17 mil


So it would only take you 11 years to catch them, then you're getting the the 1 mil payment each year plus have the same principal and it explodes from there.



Source: Finance degree.

[JustiNtense]

Well the 3,000 a day seems to come with immortality as well.

[aWellDressedApe]

i'd take the 1,095,000 per year

[richard noggin]

Strong finance brahs in the thread.


10000000 today because I am not completely baffled by the myth of interest



Spooooooooky interest. Phuck outta here with this stupidity.

[SebastianG]

10mil today after taxes etc.

I would open up my own photo/audio/recording studio.

[cchar042]

$10M today if I was already rich and didn't need it. I'm human, I want things. Houses, cars, toys, vacations, etc. $10M will go awfully quick with mine and the average persons spending habits.

$3k/day just makes sense in the long run. I can go retire to some private island and not have to worry about money, ever. No cares about the stock market or anything.

Take the $10M and invest it, for what? So you can continue working your ****ty 9-5 without being able to touch your money?

[purpletentacle]

Supposing I live another 50 years... I would earn approx $54,000,000 if I took the 3k a day offer

I know I could accumulate a lot of interest if I took the 10mil (and didn't spend it all), but if I got given that lump sum of money all at once I would probably be dead within 2 weeks.

So I go for the 3k a day!

[bbacn123]

Strong finance brahs in the thread.


10000000 today because I am not completely baffled by the myth of interest



Spooooooooky interest. Phuck outta here with this stupidity.

True, the more interest you're able to earn yearly the harder it will be to overcome the lump sum people. So if you can make 10% for instance it suddenly takes 26 years for the 3k/day people to pass you

Again assuming no money is spent.



Still, in the long run when it's all said and done the 3k/day should be more profitable assuming you don't earn some absurd interests rates every year. 10% is a pretty good rate of return truthfully. Asking for any more you're getting greedy.

[whysodirty]

3k a day

save 2k a day

spend 1k every day

come at me

[Jw9thwonder]

10 mill


and bet huge everytime dwight howards at the free throw line

[cchar042]

True, the more interest you're able to earn yearly the harder it will be to overcome the lump sum people. So if you can make 10% for instance it suddenly takes 26 years for the 3k/day people to pass you

Again assuming no money is spent.

What's the point of not spending anything though? No instant millionaire coming up from the lower-middle class will put away $10M and never touch it or the interest.

[GixxerSixxer]

Obv 3k a day forever lol brb no worry of retirement fund & rent would be paid in like half a fuking day