Which one would you choose? $1 million now or $5 mil in 10 years?

[apple]

Imagine if you were offered the choice of $1 million USD to take away now or $5 million USD after waiting 10 years, which option would you pick?

[xDDD]

N3tRunn3r eredeti hozzászólása:

1 million is literally NOTHING, a new little house + garden already costs 1 million EUR !!

5 million in 10 years even LESS . . . !!

this sort of minimal instant wealth is HEAVILY CONTRA-PRODUCTIVE in general . . .
you lose everything faster than a blink of an eye and then live at the streets . . .

5 million instant .. ok .. this would do it . . . and is a bare minimum "HEADSTART" . . .
NOWADAYS . . .

1 million kills you faster than you could imagine . . .
and 500k each year is sort of awkward but probably more "stable" . . .

but if you mean 5 million at once "in" 10 years, that is nothing again . . . NOTHING !!

Absolutely baffling post.

[Dutchgamer1982]

xDDD eredeti hozzászólása:

N3tRunn3r eredeti hozzászólása:

1 million is literally NOTHING, a new little house + garden already costs 1 million EUR !!

5 million in 10 years even LESS . . . !!

this sort of minimal instant wealth is HEAVILY CONTRA-PRODUCTIVE in general . . .
you lose everything faster than a blink of an eye and then live at the streets . . .

5 million instant .. ok .. this would do it . . . and is a bare minimum "HEADSTART" . . .
NOWADAYS . . .

1 million kills you faster than you could imagine . . .
and 500k each year is sort of awkward but probably more "stable" . . .

but if you mean 5 million at once "in" 10 years, that is nothing again . . . NOTHING !!

Absolutely baffling post.

also nonsense...

while true most lottery winners end up poor just a few years later... but thats cause anybody sane crunches the numbers and would not participate in lotteries to start.. it is a negative divident investment. (meaning each 1 euro put in has less than 1 euro payout.)

but if you hand a fiscally responsible person such a sum they WILL improve their lives...
it is correct if you would hand me 1 million..

than it would be taxed... if a lottery 25% lottery tax.
if it is a gift... (as this seems to be it is taxed as follows :

first 6000 a year : 0% tax
next 134k : 30% tax
remamining amount : 40% tax
(if a gift to a family member these rates are halved.. but thats not the case here)

I pick the 5 million.. converted to euro for me.. at todays rate 4.6 million euro
so the state grabs 1.8 million euro roughly in gift tax before I ever see a penny.

thats 2.8 million for me.. but thats not all.. in the year I recieve it I also have to coint it as income..
incometax in highest tax bracket is 42% so thats another 1.2 million gone in taxes.

leaving me after taxes just 1.6 million.

[Ray Rook]

$5 Mil in 10 years. If you took 1 Mil now, you'd have to expect 17 to 18% COMPOUNDING returns to get 5 Mil in 10 years. A guaranteed 18% return is better than hoping to get it consistently for 10 years.

[N3tRunn3r]

We do NOT live within 80's or early 90's anymore in where 1 million USD was "much" . . .
1 Million is NOTHING nowadays . . . and HEAVILY CONTRA-PRODUCTIVE if getting at once.

Nowadays those who think 1 million is "a lot" in "WESTERN COUNTRIES" are blatantly succeeded in being brain washed by ads, social media and politics . . .

In Afghanistan for example, $500 is an annual income there . . . a million would be "party" for them of course . . .

500 EUR is minimum montly income in Europe . . . NOTHING it is ... NOTHING !!

You can compare 1 million USD with 100k USD during 90's . . .
1 million? as much as 100k . . . !! nothing but brainwashing . . .

[Dutchgamer1982]

N3tRunn3r eredeti hozzászólása:

We do NOT live within 80's or early 90's anymore in where 1 million USD was "much" . . .
1 Million is NOTHING nowadays . . . and HEAVILY CONTRA-PRODUCTIVE if getting at once.

Those who think 1 million is "a lot" nowadays in "WESTERN COUNTRIES" are blatanlty succeeded in being brain washed . . .

In Afghanistan for example, $500 is an annual income there . . . a million would be "party" for them of course . . .

500 EUR is minimum montly income in Europe . . .

in cheap ass east europe.. perhaps... a little over 2000 euro is minimumwage per month in netherrlands.. and when we talk norway or swiss even more...

still 1 million is enough to buy TWO average houses of 460k each.. and is also as much as the median person earns in over 20 years (median wage is 42k average wage is 48k per year)

it would be enough to never have to work again in your life.. need 6 million for that.. but that was also true in the 90s (when btw we still used guilders)

[N3tRunn3r]

Pff, in Italy they sell houses for $1 . . .

we talk about NEW BUILT houses, LITTLE HOUSES with a small garden . . EU compliant . .
1 million EUR does it cost in Germany . . . !! + / -

alone for a heat pump installation you need to pay 120k EUR . . .
and what about solar tech ?!

if you had 120k USD within 90's you were rich of course ... but it is NOTHING TODAY !!

of course you can buy OLD HOUSES for 200k in Germany or somewhere else in Europe ... but who wants that ?? you need to put more money in afterwards . . . you rather buy an old house for 200k, install a heat pump and some other minor latest stuff and re-sell it for 650k . . .

you guys have not a slightest idea about worth and money . . .

[ZOMBIECRUNCH]

Red eredeti hozzászólása:

Imagine if you were offered the choice of $1 million USD to take away now or $5 million USD after waiting 10 years, which option would you pick?

If I had 5 billion dollars. I would happily trade that for some goats and a bit of land.

[oldirty`]

N3tRunn3r eredeti hozzászólása:

We do NOT live within 80's or early 90's anymore in where 1 million USD was "much" . . .
1 Million is NOTHING nowadays . . . and HEAVILY CONTRA-PRODUCTIVE if getting at once.

Nowadays those who think 1 million is "a lot" in "WESTERN COUNTRIES" are blatantly succeeded in being brain washed by ads, social media and politics . . .

In Afghanistan for example, $500 is an annual income there . . . a million would be "party" for them of course . . .

500 EUR is minimum montly income in Europe . . . NOTHING it is ... NOTHING !!

You can compare 1 million USD with 100k USD during 90's . . .
1 million? as much as 100k . . . !! nothing but brainwashing . . .

For most people its worth more than 10 years of work. I do call that alot... If you dont, well I think there is something wrong with you.

[N3tRunn3r]

oldirty` eredeti hozzászólása:

N3tRunn3r eredeti hozzászólása:

We do NOT live within 80's or early 90's anymore in where 1 million USD was "much" . . .
1 Million is NOTHING nowadays . . . and HEAVILY CONTRA-PRODUCTIVE if getting at once.

Nowadays those who think 1 million is "a lot" in "WESTERN COUNTRIES" are blatantly succeeded in being brain washed by ads, social media and politics . . .

In Afghanistan for example, $500 is an annual income there . . . a million would be "party" for them of course . . .

500 EUR is minimum montly income in Europe . . . NOTHING it is ... NOTHING !!

You can compare 1 million USD with 100k USD during 90's . . .
1 million? as much as 100k . . . !! nothing but brainwashing . . .

For most people its worth more than 10 years of work. I do call that alot... If you dont, well I think there is something wrong with you.

If you already own an OWN house and you are ok with that old building, sure ... 1 million and you can stop working.. IF YOU ARE IN YOUR MID-50's or 60's . . YOU, and maybe your wife .... but your wife leaves you with 500k .. then you pay your debts here and there and nothing will be left sooner than later. and IF you are LUCKY, this will cover your PENSION . . .

there you see again that people work for NOTHING of value nowadays . . . and kept being brainwashed . . 1M is nothing . . .

1M causes more anger and frustration than working for nothing each month . . .

5M instant and you are good to go . . . NOWADAYS !!

[Dutchgamer1982]

N3tRunn3r eredeti hozzászólása:

Pff, in Italy they sell houses for $1 . . .

we talk about NEW BUILT houses, LITTLE HOUSES with a small garden . .
1 million EUR in Germany . . .!! + / -

alone for a heat pump installation you need to pay 120k EUR . . .

if you had 120k USD within 90's you were rich of course ... but it is NOTHING TODAY !!

more like 25k euro for that pimp.. but yeah houses have become expensive...
but you show again poor east european mindset.

120k usd in the 90s... was about 220k guilders (as back than 1.8 guilders was 1 usd.. our currency has weakend by that rotten euro. our wealth leached to east and south europe and we got ripped by the echange rate to start.

220k guilders could not buy you the terraced house I was living in (that was priced 300k)
but ok in 1990 (prices convered to euro)

but the average house sold 80k(180k guilder) with a median wage of 20k (4x median wage)
minimumwage was 4k per year (so 1/5th of median wage, and 1/20th average houseprice)

today the average house sells 460k with an median income of 42k (11x median wage)
minimumwage is 28k (2/3th of median wage) and 1/17th averaage houseprice.

[N3tRunn3r]

Dutchgamer1982 eredeti hozzászólása:

. . .

today the average house sells 460k with an median income of 42k (11x median wage)
minimumwage is 28k (2/3th of median wage) and 1/17th averaage houseprice.

Yes, old houses, and you even have to put more money into it for passing todays EU standards . . . New house + garden = 1 M

At the end of the 90's a "used" house built during 70's with garden 650k EUR.
today, this year, +200k input to conform todays EU standards . . .

[Dutchgamer1982]

N3tRunn3r eredeti hozzászólása:

oldirty` eredeti hozzászólása:

For most people its worth more than 10 years of work. I do call that alot... If you dont, well I think there is something wrong with you.

If you already own an OWN house and you are ok with that old building, sure ... 1 million and you can stop working.. IF YOU ARE IN YOUR MID-50's or 60's . . YOU, and maybe your wife .... but your wife leaves you with 500k .. then you pay your debts here and there and nothing will be left sooner than later. and IF you are LUCKY, this will cover your PENSION . . .

there you see again that people work for NOTHING of value nowadays . . . and kept being brainwashed . . 1M is nothing . . .

1M causes more anger and frustration than working for nothing each month . . .

5M instant and you are good to go . . . NOWADAYS !!

1M when young and well invested would still help massively.
you could not stop working.. but you could invest it.. most likely in property to rent out.

two houses, each under 500k each.. as investment..
you place them in an NV, to give them better taxrate.

you are limited in what you can charge...

you will need to pay rent on the land they stand on, play property tax, and pay part of your renters pay... still it likely would neth you 1k a month in extra income..

and you can use that income to get a larger morgage and buy a house for yourself which on most phd incomes is not even possible anymore... and that morgage's interest is tax deductable...

so it's not life changing... but it does give you a neth income boost... which if reinvested allows you to work less hours live a bit nicer or retire 15 years early without income cut.

if you manage to leverage your money as a firm to loan more to buy more property.. that be even better.. still you won't make 17.5%^per year.. so it still is better to wait 10 years and take the 5 million deal..

[N3tRunn3r]

Of course, 1 M causes more trouble than freedom ... !!

[Rumpelcrutchskin]

One now, I don`t have ten years and even if I had it would be worth ten times less by then because of inflation.

[HansCent]

1 mil now