$10 per day for the rest of your life or $100.000 now?

[TheTrueM4gg0t]

100k now, to get me over my last years of studying. after that I hope i'll earn enough money so that the 10 per day won't make a huge difference (where 100k now being broke does!)

[JohnBrown1917]

If you were to put that $100k in an investment fund, you'd earn more than $10 a day in the first YEAR. You'd still have the safety net when you wanted, but when you didn't need it, you'd be earning interest. If you didn't need that safety net for 5 years, by the 5th year you'd be getting $22 a day instead of the $10/day.

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You can invest money at low risk at 6% and retain liquidity.

Low risk is not risk free.

[Deleted]

100k up front. If it was 20/day I'd reconsider.

[Reeve]

Low risk is not risk free.

I'll take low risk and far higher returns, thank you. If your portfolio is diversified, it would take a catastrophic destruction of the markets for you to have appreciable long term drop in the value of your assets, in which case, you have bigger problems than the difference between $10/day and $100k up front.

[promithius]

£100k now. Thats 80% of the kind of house I would be happy to live in and a 20% mortgage would be what, £150~ a month? I pay £600 private rent, so the £450 saved a month already pays more than £10 a day, and I own property as my investment.

[Hupriest]

Yet 10 people chose the $10 a day option...

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At 1%, the $10/day passes the $100k up front at year 31, compounding annually.



At 3%, it's year 54.



At 4%, the daily option never catches up.

This is pretty spot on. At the end of the day it depends on how you are going to invest the money. If you are going with low yielding bonds, 10$/day would be the better bet, but most investors aim for a 5%/year return so 100k would make more sense. You should also keep in mind that inflation hovers around 1-2.5% at healthy times so a 10$/day will barely, if at all, grow in relative wealth. If you are gonna spend the cash on a car or a vacation, doesn't really matter how you spend it :P.

P.S.: Kinda glad you asked the question tbh, I was too lazy to do it by hand which pushed me to write a small recursive script to find the answer. Been thinking about taking up programming again so thank you for the incentive to dabble in it again .

[Locruid]

LOL honestly...

$100k could fix a lot of problems right now for me. A decent trailer on land I own and a new car that I wouldn't have to worry about for 10 years. So every dollar I earn at work can be saved up in a bank and grow it's own interest. Not to mention You could die next week (or even going to pick up the $100K) and I'd take my chances with the here and now.

[Deleted]

i would take the 10$ a day, i would always get money, even when I'm old.
100k is nice as well but you never gonna put the full 100k on a bank for 2/5/10 years, you just got a 100k of course you are going to do/buy things of it,
Invest part of the 100k but no one can guarantee a profit on stocks and shares or in anything else its gambling, 50/50 (also may cause stress when it goes bad)

for me i will take the nice 300$ each month extra, its a guarantee always being there

[Daez]

I'm 35, I assume I will make it to 85. At 50 years you are around the 180k+ mark at 10 dollars a day. I think I would most definitely take $10 a day and then save it because I don't need it to live on. Figuring in a decent investment strategy, in 50 years I would probably be closer to 1 million at $10 a day.

I'm an idiot...if you invested the $100,000 well you would far surpass the $10 a day... I wasn't thinking.

[theburned]

oh well who the fuck cares already got the 100.000 $ not like I would trade it for 10$ everyday cause that's essentially what the bank gives

[Daez]

Is the $100k subject to capital gains tax?

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I'm in ur thread. Overthinking shit again.

I believe you have to hit $250,000 by the end of the year to hit capital gains tax. My dad went over last year with his farm but bought a lot of farm equipment to subset the gain. He is making out pretty damn well in the fracking business.

[theburned]

I'm 35, I assume I will make it to 85. At 50 years you are around the 180k+ mark at 10 dollars a day. I think I would most definitely take $10 a day and then save it because I don't need it to live on. Figuring in a decent investment strategy, in 50 years I would probably be closer to 1 million at $10 a day.

I'm an idiot...if you invested the $100,000 well you would far surpass the $10 a day... I wasn't thinking.

which you would easily bypass by investing the 100k somewhere

[Saiona]

I would it was just a hundred dollars lol I change to the 100k duh

[Low Hanging Fruit]

100k now. Not really to invest. Likely apply about half to the principle of my home and refinance to massively lower the payment. Would make it to where living would be SUPER easy on way less money then the wife and I make now. Divide up the other 50 into 25k and put half of it into my wife account and the other half into mine. Then likely go on a balls out vacation on my cut and she could just get shit without worrying about it for a good long while.

If doubling or tripling a 100k was so easy everyone that came across a 100k would be a millionaire. The cold fact is most investments belly up more often then they pay out unless you are willing to wait 10-20+ years. That is a long time. Probably almost half to a third of most peoples lives thus far on the forums if you put it to an average.

[Hupriest]

I'm 35, I assume I will make it to 85. At 50 years you are around the 180k+ mark at 10 dollars a day. I think I would most definitely take $10 a day and then save it because I don't need it to live on. Figuring in a decent investment strategy, in 50 years I would probably be closer to 1 million at $10 a day.

I'm an idiot...if you invested the $100,000 well you would far surpass the $10 a day... I wasn't thinking.

I was gonna say ... lol
Sidenote: with 6% annual return, you would surpass the $1M mark with $10/day on year 49 with a grand total of $1059726.05

[dacoolist]

If that's supposed to be 100,000 - then YOU KNOW IT!!!!!!

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ALSO as many stated above: I N F L A T I O N!!!!!

[sugarlily]

Since I am already 44, I figure not much more than 30 more yrs to live (if I'm lucky & b/c of health issues) so 365 days/year for 30 yrs = 10, 950 more days x $10/day = $109,500.

I'd take the 100k now plz & tyvm ^__^

currently living on $7,452.00/yr ~ $100k would feel like bazillions to me :D hellooooo Target instead of Wal*Mart

edit ~no I would not just go shopping or waste the $!

Definitely upgrade our lil house that's falling apart (or replace w/ a decent used manufactured home), find a decent dependable used car/suv for me (my poor van is almost 20 yrs old & she doesn't feel so good anymore) & give my husband either the '89-91 Camaro or good ol late 70's Trans Am he's always wanted. However I feel the TA MUST have the Squidbilllies insignia instead of the TA bird. One of those or a black A-Team van. with candy but B.A. Baracus not included.

[Antbregante]

Chose 10 bucks a day because you said $100.000 and not $100,000.

[zolok2.0]

$10 a day definitely, that's alot more than 100k

[Frozenbeef]

How about $100k now but you can't invest/ gain interest or $10 a day?