Guaranteed to get $1 million or 50% chance of getting $1 billion

anonymous · 03-09-2015, 09:59 PM

Originally Posted by jamesbwbevis

It wouldn't last alone, but if you make decent passive investments you will be well on your way toward early retirement if thats what you want. I personally wouldnt even retire i like my job, but money would never be a concern to the day I die if I got a check like that.

I agree with that. If you play it right and do things properly, there's always a chance and possibility to turn that $1,000,000 into so much more.

Das it mane.

**Voluspa** · 03-09-2015, 09:59 PM

Flip the coin!

**SICKK** · 03-09-2015, 10:00 PM

**BorrachoDamor** · 03-09-2015, 10:02 PM

Originally Posted by jamesbwbevis

right and when all those *******s are enjoying millionaire status 50% of the "risk takers" will be broke. Yeah, I'll be a ******* anyday for that

A million is not a lot in the big picture. A billion will set my kids lifes

**FP7** · 03-09-2015, 10:04 PM

Originally Posted by T0rtilla

Lol at thinking 1 million will make you financially well off for life.

I'm sure a lot of people in this thread will live on fine with or without a million dollars, but a billion dollars will change your children's children's lives. Sure some might be better off with a guaranteed million, but choosing a billion is by no means "retarded"

Its what you do with the 1 million...

**jrw1** · 03-09-2015, 10:05 PM

ITT people taking 1,000,000 over a gamble with E(x) = 500,000,000

Mind blown.

1,000,000 does not come close to setting you up for life. Think of how many NBA / NFL players go bankrupt even though they've seen at least 10-15 mil before. Even if you know how to properly invest, 1 mil is not enough to "set you up" for anything. At most it will make your life a bit more luxurious / retire a bit earlier, but you will still have to work fulltime for many years before you can retire. Live in an expensive state like Cali or NY? That 1 mil isn't worth chit. $1 mil might be enough to improve your quality of life in some ****tier states, but your life is still ****ty because you live in a ****ty state.

On the other hand, 1 billion sets you up for life, even if you have no idea how to manage money. You can literally stop working right now and go do what you enjoy. Buy a mansion for yourself, your family, friends, unlimited everything. For life.

**wowz** · 03-09-2015, 10:05 PM

1 Million is only an extra $50/day for 55 years.

1 Billion and your kids will be collecting Lambos

cointoss.gif

**jamesbwbevis** · 03-09-2015, 10:06 PM

Originally Posted by BorrachoDamor

A million is not a lot in the big picture. A billion will set my kids life's

What is Zero going to do for your kids? $1million is financial security for life.

You know how long it takes the average person to make and save $1million? Most dont come close in a fuking lifetime and you will piss that away knowing its a coin flip as to whether or not you walk away with nothing? I'm sorry thats stupid.

**Nephris** · 03-09-2015, 10:07 PM

Originally Posted by Laverna

50% chance at $1bn.

Then sell the 50% chance to a large company for $350m (more likely 400+ but ayyyylmao).

Brb 100% chance at 350m or 100% chance at 1m.

Mirin' use of financial options lulz

**basshead444** · 03-09-2015, 10:07 PM

Lol @ 1 million not being that much. Jesus man, only on the god damn misc...

Of course it would also depend on how much we are starting off with. If I already had a million dollars, I would gladly take the 50% chance at a billion. Seeing as Im at basically zero right now, a lost coin flip would basically lose me a million dollars, something I definitely cannot afford to do in my current situation. If I were already at a million or a few million, simply NOT having an extra million wouldnt be such a big deal, and I can take the chance on the billion. It takes money to make money brahs.

**Desi_guy** · 03-09-2015, 10:08 PM

Originally Posted by jamesbwbevis

this, the expected value argument is retarded. expected value of $500million when the only outcomes are $1bil or zero? Common sense > math

Anyone ITT claiming they would walk away from 1 million in hand are lying or retarded

1 million doesnt mean **** these days. A top of the line mercedez benz costs over 100,000 dollars. A nice house in Toronto doesn't even cost less than 1 million dollars. 1 mil is really poverty in Canada atleast. I know 1 billion will make you a massive baller and thats why I would go with a 50/50 option. 1 million will only pay off the mortgage of my house, and my tuition

**jamesbwbevis** · 03-09-2015, 10:08 PM

Originally Posted by jrw1

ITT people taking 1,000,000 over a gamble with E(x) = 500,000,000

Mind blown.

1,000,000 does not come close to setting you up for life. Think of how many NBA / NFL players go bankrupt even though they've seen at least 10-15 mil before. Even if you know how to properly invest, 1 mil is not enough to "set you up" for anything. At most it will make your life a bit more luxurious / retire a bit earlier, but you will still have to work fulltime for many years before you can retire. Live in an expensive state like Cali or NY? That 1 mil isn't worth chit. $1 mil might be enough to improve your quality of life in some ****tier states, but your life is still ****ty because you live in a ****ty state.

On the other hand, 1 billion sets you up for life, even if you have no idea how to manage money. You can literally stop working right now and go do what you enjoy. Buy a mansion for yourself, your family, friends, unlimited everything. For life.

$1million is alot better than zero.

and lol at bring athletes into the picture. They end up broke because they're retarded, not because they didnt make enough money. Just like 50% of the fools who take the gamble will be, with nothing.

It all comes down to greed. I just want to be comfortable and never have to think about money. $1million will do that easy. If you want to ball out then go for the billion I guess

**bawinters** · 03-09-2015, 10:09 PM

50/50 on the billion easy choice

**jamesbwbevis** · 03-09-2015, 10:10 PM

Originally Posted by Desi_guy

1 million doesnt mean **** these days.

delusional misc

Yes, if you want to live the life of a baller you are totally right, take the chance. I'll take my comfortable, stress free life with 1 million dollars in the bank.

but dont deny if you lose that would be the worst feel of all time

**BorrachoDamor** · 03-09-2015, 10:10 PM

Originally Posted by jamesbwbevis

What is Zero going to do for your kids? $1million is financial security for life.

You know how long it takes the average person to make and save $1million? Most dont come close in a fuking lifetime and you will piss that away knowing its a coin flip as to whether or not you walk away with nothing? I'm sorry thats stupid.

1 million is not enough *******. I wanna wake up to a maid bringing me breakfast that my personal chef has made for me for the rest of my life.

**notsrsbrah** · 03-09-2015, 10:15 PM

Interesting to observe what people think. Really impressed with some of the replies ITT.

**jamesbwbevis** · 03-09-2015, 10:15 PM

Originally Posted by BorrachoDamor

1 million is not enough *******. I wanna wake up to a maid bringing me breakfast that my personal chef has made for me for the rest of my life.

I would too, but the fact is you could end up with nothing its just a coin toss. That risk isnt worth it. I'd rather have all my financial worries away for life guaranteed than take that chance.

I think if it came down to it most you kunts would take the million and run I'm almost sure of it.

**jamesbwbevis** · 03-09-2015, 10:16 PM

Also, ONLY on the misc have I seen so many people dismiss the value of $1million dollars.

**BorrachoDamor** · 03-09-2015, 10:18 PM

Originally Posted by jamesbwbevis

delusional misc

Yes, if you want to live the life of a baller you are totally right, take the chance. I'll take my comfortable, stress free life with 1 million dollars in the bank.

but dont deny if you lose that would be the worst feel of all time

Stress free? Just ****ing lol

stress free is literally taking a **** and wiping with dollar bills which 1 billion will provide.

Imagine waking up in a $100million house full of maids and a fleet of escorts (srs) I'd do some crazy **** with 1 billion dollars that the risk of having nothing would be worth it srs.

**jamesbwbevis** · 03-09-2015, 10:20 PM

Originally Posted by BorrachoDamor

Stress free? Just ****ing lol

stress free is literally taking a **** and wiping with dollar bills which 1 billion will provide.

Imagine waking up in a $100million house full of maids and a fleet of escorts (srs) I'd do some crazy **** with 1 billion dollars that the risk of having nothing would be worth it srs.

no, what you described is retarded dan blizerian excess that the misc idolizes. In reality you're a sad pathetic kunt if thats what you need to be happy and you're willing to piss away a $1million check for that crap

**basshead444** · 03-09-2015, 10:21 PM

Lol, people using their fantasies to justify possibly winning nothing are why casinos make so much money.

**jrw1** · 03-09-2015, 10:21 PM

Originally Posted by jamesbwbevis

$1million is alot better than zero.

and lol at bring athletes into the picture. They end up broke because they're retarded, not because they didnt make enough money. Just like 50% of the fools who take the gamble will be, with nothing.

It all comes down to greed. I just want to be comfortable and never have to think about money. $1million will do that easy. If you want to ball out then go for the billion I guess

IF you are struggling financially and money is a constant high-stress topic in your life, then I agree, take the $1 mil, because you can't afford the risk. But for a lot of people who are ALREADY financially stable or will end up being financially stable within the near future (~5 years), $1mil isn't going to have that big of an impact on their lives. Lifestyle, vacations, personal assets, etc. would not be that different with or without the $1mil. This effect is diminished further in places with high costs of living. $1mil in San Francisco buys you half of a house, or a shack.

So if I end up with $0 after losing the 50/50 gamble I will still be able to live my life happily, same as before. But if I end up winning, then obviously we all know the benefits.

**invrlose123** · 03-09-2015, 10:24 PM

1 million.

Build house for 400k with basement suite and garage suite and rent them out.
Spend 60k on college
5k on clothes
Invest the rest

**BorrachoDamor** · 03-09-2015, 10:26 PM

Originally Posted by jamesbwbevis

no, what you described is retarded dan blizerian excess that the misc idolizes. In reality you're a sad pathetic kunt if thats what you need to be happy and you're willing to piss away a $1million check for that crap

My point is that's a stress free life. 1 million will realistically last you 10 years maybe 20 if you're smart. Sorry m8 but the prospect of dying and having my kids set for life would be worth the risk.

**jamesbwbevis** · 03-09-2015, 10:27 PM

Originally Posted by jrw1

IF you are struggling financially and money is a constant high-stress topic in your life, then I agree, take the $1 mil, because you can't afford the risk. But for a lot of people who are ALREADY financially stable or will end up being financially stable within the near future (~5 years), $1mil isn't going to have that big of an impact on their lives. Lifestyle, vacations, personal assets, etc. would not be that different with or without the $1mil. This effect is diminished further in places with high costs of living. $1mil in San Francisco buys you half of a house, or a shack.

So if I end up with $0 after losing the 50/50 gamble I will still be able to live my life happily, same as before. But if I end up winning, then obviously we all know the benefits.

No, anyone who is not VERY well off had better take that money simple as that. I'm financially stable and I don't have anywhere near 1 million dollars. It would make a huge difference, and if getting that kind of check doesnt make a huge difference in your life then you are already rich and the choice is irrelevant for you you may as well go for the billion

**Roke** · 03-09-2015, 10:29 PM

Million.

It's all I need to invest and grow to become a mulch-millionaire. Don't play with fire.

**-Lucifer** · 03-09-2015, 10:30 PM

Originally Posted by Desi_guy

1 million doesnt mean **** these days. A top of the line mercedez benz costs over 100,000 dollars. A nice house in Toronto doesn't even cost less than 1 million dollars. 1 mil is really poverty in Canada atleast. I know 1 billion will make you a massive baller and thats why I would go with a 50/50 option. 1 million will only pay off the mortgage of my house, and my tuition

I speak for myself when I say that a small apartment and car will suffice. I'm happy with the bare minimum and don't see the need for fancy stuff. The only luxurious items I have are: latest smart phone and PC.

**jamesbwbevis** · 03-09-2015, 10:31 PM

Originally Posted by BorrachoDamor

My point is that's a stress free life. 1 million will realistically last you 10 years maybe 20 if you're smart. Sorry m8 but the prospect of dying and having my kids set for life would be worth the risk.

Where on earth is it written that if you take the million you have to attempt to live off of it? Guaranteed that money would last a lifetime and I'd end up retiring early probably in 40s when I felt like it.

And I'm never having kids so that isnt a consideration for me, but I for one would have killed my parents if they took that kind of risk and lost. Thats retirement they just gambled away.

**5x10** · 03-09-2015, 10:33 PM

Billion all day, every day

**Brad155** · 03-09-2015, 10:35 PM

1*1,000,000 = expected payout of 1,000,000.

0.5*1,000,000,000 = expected payout of 500,000,000

Flip that coin mother****er.

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