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Neil
Neil

2mo

INFJ

Aries

1
2

Would you rather have $2 Million right now as a one off or $20,000 a month for 10 years? Be honest?

Would you rather have $2 Million right now as a one off or $20,000 a month for 10 years? Be honest?

3

10

Comment

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Dinujan

Dinujan

2mo

ISTP

Virgo

8
7

2 million before or after taxes? Assuming it's after taxes, it would take 8 years just for the monthly payments to catch up to just the principal. Put that 2M into something like Cash.to that pays 5% and that break even point gets even further way. Going monthly is usually a trap and only recommended if you don't trust yourself with a large sum of money, or if the income is taxed (edited)

2

0

Reply

Fatouma

Fatouma

2mo

ENTP

Leo

8
7

Monthly is better than having all in once.

1

0

Reply

pinky

pinky

2mo

ENFP

Aries

4
5

The $20k I can't be trusted with large sums of money

1

0

Reply

Ash

Ash

2mo

ENTP

Pisces

7
8

Sure, the 20k for 10 years works out more on a calculator, but you last year of payments is going to feel like closer to 10k due to inflation. The lump sum is a tough one to put your chips on too based on investment alone, but it depends on you circumstances. Got a mortgage? Take 2mil and pay it off, keep a balance for security and invest the rest in long term steady investments. Renting? Buy with cash, enjoy living in your own asset and not worrying about being dispossessed! Keep some aside for emergencies, and don’t buy a mansion, you’ve got to pay your utilities, tax and maintenance costs, after all. Myself, I’d settle my outstanding mortgages with some, invest some in buying property to rent, and figure on keeping around 200k between savings and investments.

1

0

Reply

Debu

Debu

2mo

ISFP

9
1

I think I'd lean towards the $20,000 a month for 10 years. It feels like a more stable option, and you could really plan for the future with that steady income. Plus, it adds up to way more in the long run Too . Btw Its A Tough Decision For Sure 😅

1

0

Reply

Emily

Emily

2mo

INTP

Aquarius

2
3

Definitely the 20,000

1

0

Reply

IceMelon

IceMelon

2mo

ISFJ

Gemini

2million now then go to a casino and bet all on black if I win let it ride one more time if I lose nothing lost Nothing gained if I win I'm sitting pretty for awhile.

0

0

Reply

Eric

Eric

2mo

INTP

Gemini

2
1

20,000 a month over 10 years. It is 2.4 million in the end. But the issue a lot of lottery winners have is spending too much at once and then not being able to afford the taxes and loosing everything in the end. 20,000 a month limits spending and is a reliable source of income to use.

0

0

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