10 million cash or 100k a month for life? #addtoblacksky #blacksky - ThreadSky

devinleedope.bsky.social • 102 days ago

10 million cash or 100k a month for life? #addtoblacksky #blacksky

Comments

Answer is almost always to just take lump sum and invest it. You'll make about 1 mill a year if you invest it, and that'll compound faster and faster.

sycamotree.bsky.social•102 days ago

I will say though, assuming you don't touch any of it in either case, it turns out 100k a month is more money in the long run

traceetr.bsky.social•102 days ago

10 million. I’ll just spend it wisely.

twothirtythree.bsky.social•102 days ago

10M, who’s to say you even last another month?

liajanay.bsky.social•102 days ago

100K a month will do me just fine 😎

mrsdavillain.bsky.social•102 days ago

Depending on my age, I'll take the 100K a month for life. It'll only take 8.5 years to reach 10 million.

devinleedope.bsky.social•102 days ago

That’s exactly what I said lol they not hearing me though 😂

mrsdavillain.bsky.social•102 days ago

I saw someone answer this post saying they would take the 10M and then said something like, do people know how long it would take to get to 10M on 100K a month?!

I was thinking, do YOU know how long it would take? So I did the math. 😂😂😂😂

devinleedope.bsky.social•102 days ago

Same lol that 8.5 years is worth it to me. Not to mention if you live longer than that, which is likely

mrsdavillain.bsky.social•102 days ago

Exactly!!!

mrsdavillain.bsky.social•102 days ago

😂😂 I get it though. They want the large sum in one shot.

devinleedope.bsky.social•102 days ago

Right lol if it’s in the right hands it could work

djenne.bsky.social•102 days ago

100k a month

devinleedope.bsky.social•102 days ago

I’m going with the 100k too lol

llnelson919.bsky.social•102 days ago

$10 million

Set up an irrevocable family trust with $5 million
Set up a family foundation with $2 million
Can live off the interest from the $1.5 million invested
And the left over $1.5 million bank it
#blacksky