Current Events > $1,000,000 now or get $10,000 every month for the next 10 years?

(+) Yeah! (+)

Solid Snake07 posted...

I understand your original post just fine. There is no situation where it makes sense to take payments over the course of a decade for 20% more money. The amount of money is irrelevant

I fully understand what you're saying, I'm just telling you you're wrong

Lmao, this post sums up your contribution to this topic so well. "I TOTALLY UNDERSTAND WHAT YOU'RE SAYING" you say, right after incorrectly describing what I said.

---

TomNook20 posted...

Lmao, this post sums up your contribution to this topic so well. "I TOTALLY UNDERSTAND WHAT YOU'RE SAYING" you say, right after incorrectly describing what I said.

I'd sum up your contribution to this topic as stating false information and then getting defensive when someone told you you're wrong and just resorting to "nuh uh! You just can't read!"

Yeah yeah, okay bro

---

There you go again, "DERP UR WRONG! i don't even know what you're wrong about, but whatever it is UR WRONG!"

---

I've pretty clearly a thoroughly explained what your wrong about over the past few hours.

Am I really obligated to keep repeating myself like a parrot cause your memory sucks almost as much as your financial knowledge?

---

I've had to quote myself multiple times in this topic because you still have no fucking clue what you're arguing against. Not a single post you've made addresses mine directly and this entire time you've just been talking past me and or shitposting.

---

10 grand a month is insanely awesome so that. Ill figure the rest out.

---

WTF happened in this topic lol

---

Naysaspace posted...

There really does not exist any circumstances where the 1mil upfront is not the better option. If it's simply a matter of "I can't control my spending and I'll blow it all in a year", and you're using the annuity payments as a sort of trust account, well, hire a fucking financial advisor.

Naysaspace posted...

PS you lose about 120k in present-value money (or, 10% of your windfall) to inflation alone.

What about taxes? If you get both tax free, your initial million isn't taxed, but your investment income would be. Your 10k/month will be tax free the entire time.

I still think you're always better off taking the million, but it's something to consider!

---

DigitalCamera posted...

WTF happened in this topic lol

This is what the topic was made to do tbh.

---

The poll result shows more people need to understand the time value of money.

You could make a hell of a lot more than 200k over the 10 years by investing that million.

---

NES4EVER posted...

The poll result shows more people need to understand the time value of money.

You could make a hell of a lot more than 200k over the 10 years by investing that million.

Not to mentioned that people dont understand that the $10,000 you receive monthly in year one is worth more than the $10,000 you receive monthly in the subsequent years. Youre losing money both by having it do nothing for you and for taking it after inflation has occurred.

---