what would you choose? $1 million or $1000/ week for life

[tobelightlight]

A 20-year-old lottery winner named Brenda surprised many by turning down a one-time payout of 1 million dollars. Instead, she chose the option of receiving one thousand dollars every single week for the rest of her life. Her decision sparked debate online, with some praising her long-term thinking while others argued she passed up the chance to invest a much larger lump sum.

 

[sbfuncle]

This kind depend on age de woh.
For her age 20, if she spend $1k per week she will finish the $1m in 1k wk which is 19.2 years. By then she is only 39.

So i will choose per week 1k

But for old fart like me is take 1m.
But then again, the payout will tie to current age so they will offer me 2k per week. But I will still take 1m and run.

 

[Sustanon]

She better hope and pray the company don't collapse. What kind of return is she getting from the money being in their custody? Don't think she is financially literate anyway...

 

[tobelightlight]

She better hope and pray the company don't collapse. What kind of return is she getting from the money being in their custody? Don't think she is financially literate anyway...

The thing is she dun give a shit to the $1 million. she wins, she wins. no ROI to talk about. if the company disappear in 2 years, she has won 100k plus for 1k a week. and no one will come to her for money if she didn't have the $1 million.

 

[jurongkechil]

Confirm take 1 mil first. Due to the fact that inflation made money shrink over the year..

 

[GOD IS MY DOG]

she made the right decision lah................at her age

 

[k1976]

View attachment 233700

A 20-year-old lottery winner named Brenda surprised many by turning down a one-time payout of 1 million dollars. Instead, she chose the option of receiving one thousand dollars every single week for the rest of her life. Her decision sparked debate online, with some praising her long-term thinking while others argued she passed up the chance to invest a much larger lump sum.

U will need to under “net present value” financial concept