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Started By
Message
1
Posted on 8/25/15 at 12:57 pm to Phil A Sheo
quote:
5 now... Would be able to double or triple that in 5 years
Posted on 8/25/15 at 12:59 pm to Phil A Sheo
quote:this is why you don't have $5 million
5 now... Would be able to double or triple that in 5 years
Posted on 8/25/15 at 12:59 pm to The Mick
quote:
Would you choose $5 MILL in one check today, or $7.5 MILL paid over 5 years? by The Mick
5 now. You're silly if you don't take the quick cash.
Posted on 8/25/15 at 1:00 pm to jrodLSUke
quote:
I love that in his hypothetical, the pretend $5M is guaranteed, but the pretend $7.5M is too risky.
Posted on 8/25/15 at 1:01 pm to SabiDojo
7.5 over 5 thank you
Posted on 8/25/15 at 1:01 pm to The Mick
7.5 over 5 years in a unnamed trust. I'd continue working at my current job.
Posted on 8/25/15 at 1:02 pm to ell_13
I would take the 5 so we could all be best friends.
Posted on 8/25/15 at 1:02 pm to Geauxld Finger
Anyone who wouldn't take the 7.5 is an idiot. You make the 5 mil in 3 years and 4 months. I could think of doing plenty of things to keep me entertained on a 1.5 million dollar salary a year.
Posted on 8/25/15 at 1:02 pm to BilJ
Take $5 mil
Buy something now that will be worth more later
sell it
???
profit
Buy something now that will be worth more later
sell it
???
profit
Posted on 8/25/15 at 1:04 pm to OMLandshark
If I knew tax rates would not go up over the next 5 years I would take the 7.5 but with the way our country is headed I would take the 5 mil now.
Posted on 8/25/15 at 1:05 pm to Jakesonaplane
let's change this up a little bit.
5 mil now or 7.5 mil 5 years later?
Not paid over 5 years,you get nothing till the 5 years is up.
Change things?
5 mil now or 7.5 mil 5 years later?
Not paid over 5 years,you get nothing till the 5 years is up.
Change things?
This post was edited on 8/25/15 at 1:09 pm
Posted on 8/25/15 at 1:05 pm to SEClint
quote:
5 million today no tax? I could use it wisely and expand it up to at least 9 million over 5 years
Posted on 8/25/15 at 1:05 pm to RummelTiger
quote:
5 now. You're silly if you don't take the quick cash.
Why not just get the extra 2.5 mil? I couldn't spend 90k a month if I even tried.
Posted on 8/25/15 at 1:06 pm to The Mick
Whatever Broke tells me to do, since he is the first person I am calling if I win the lottery.
Posted on 8/25/15 at 1:06 pm to SabiDojo
I could.
I'd be bangin everybody's wife on Ashley Madison, twice.
I'd be bangin everybody's wife on Ashley Madison, twice.
Posted on 8/25/15 at 1:06 pm to meauxjeaux2
quote:
Change things?
It changes everything about this thread as we know it
Posted on 8/25/15 at 1:07 pm to meauxjeaux2
quote:
let's change this up a little bit.
5 mil mow or 7.5 mil 5 years later?
Not paid over 5 years,you get nothing till the 5 years is up.
Change things?
If both were guaranteed, I would wait it out.......
Posted on 8/25/15 at 1:08 pm to The Mick
Give me the money now.
Posted on 8/25/15 at 1:08 pm to meauxjeaux2
Still go with the 7.5 and have a nicer time in my 30s with it. In fact it might be a good idea, because 32 might be the average age when most people can get a significant amount of money and not blow it away or kill themselves with it.
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