Instant 1 million dollars vs. 50% chance of 100 million

Always go with the guaranteed bread. Hell, it's a millie. If you manage money well, that can last you a good amount of time.
 
green. a milli is nothing. I want that baby money. So I can finally put that 100mill handrub to practice.
 
give me the million, ill go throw it on black and see where my life takes me from there.

Lol where is the logic in this?? So you would take a 50/50 chance by throwing your million on black but not take a 50/50 chance to win 100 million?
 
give me the million, ill go throw it on black and see where my life takes me from there.
Lol where is the logic in this?? So you would take a 50/50 chance by throwing your million on black but not take a 50/50 chance to win 100 million?
You got that right. let me reword it for you. i wouldnt throw the whole millie on black prolly 20% of it and play around with it alittle in gamblin. why take a 50/50 chance to win 100million when im guarenteed the easy mill ?
 
give me the million, ill go throw it on black and see where my life takes me from there.


Lol where is the logic in this?? So you would take a 50/50 chance by throwing your million on black but not take a 50/50 chance to win 100 million?
You got that right. let me reword it for you. i wouldnt throw the whole millie on black prolly 20% of it and play around with it alittle in gamblin. why take a 50/50 chance to win 100million when im guarenteed the easy mill ?

huh?
 
take the 50% chance.

1 million is a decent buffer for bad times, but these days, that amount is basically just a pre-funded retirement...no more.

the $100 million, pays off the mortgage of every individual in my family, allows me to put my children and grandchildren through college, and pretty much kick back for the rest of my life.
 

I don't know your standard of living, but I can live without work off a mill. 5% interest is 50 grand per year. Maybe work the first year and then live off the interest. There will be no Lambos and Vegas condos, but you wouldn't have to work.

I am a gambler, but I would be SICK if I didn't get the 100 mill...50% chance and you miss?

Who in here couldn't live off $4k per month for the rest of their life? Especially if your spouse worked.

Okay so when do I receive my million OP? Do you need my routing number?

Of course you could live off that.

But 4K a month isn't enough to support the lifestyle I ultimately want so I wouldn't stop working. If I got a million dollars now I'd pay off my school loans but continue residency and still work as a doctor. If I invest it right I can retire earlier


Benefit of taking the 1 mill - immediately become debt free and retire sooner

Downside - Still have to work to support the lifestyle I want. Would always regret not taking the chance at changing my life forever


Benefit of taking the 100 mill - can immediately retire and do whatever the hell I want

Downside - don't get any money. Stay in debt ~10 years longer. Still work the same exact career if I had taken the milly


PS - Lol at all the people that think it's easy to turn $1 mill into $100 mill
 
I'm taking milli. Even if it gets taxed down to $600K, I'm still paying off the house ($150K), investing ($300K), and then going stupid with the other buck fitty.

Yeah, I'd still have to work but I could take a couple years off and have a great time, and then wait for the right job that I would actually enjoy.

To lose an opportunity to do that for a chance at 100 milli, not worth it, IMO.
 
Lawyers/Doctors have a whole different mindset on this, though. Yall can make that mill in 3 years, it's nothing. But for most people, it's a big deal.
 
I think ill take the chance at 100 million. I could make a mil in a couple of years through my career, so a million wouldnt really change much. But 100 million!! I could have my mother quit her job and send her off somewhere real nice. Bout to flip a coin and see what happens... Tails-100 Million, Heads-Im dead
Tails baby! Yea ill take my chance :nthat:
Please tell me what you do so I can switch career paths.
 
At this point in my life I would have to take the million just because it is guaranteed. I know a million isn't really a lot of money, but that million could be very useful. I could pay off any student loans I have and be debt free and then still have a good amount of money left over to put in the bank. Sure I would have to work, but I know eventually I will be doing something that I love so that's not a big deal. Yes 100 million could definitely change my life forever but if I'm on the wrong side of that 50/50 chance I would be sick knowing that I could have had 1 million instantly.
 
give me the million, ill go throw it on black and see where my life takes me from there.

take the instant milli to have a 48% on doubling up to 2 million?

Why not take the 2% increase and go for 100 mill
>D
 
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