Would You Rather Have $3 Million Now Or $5 Million Next Year?

[Scandalust313]

I can wait. If I die before I get to spend it, oh well. I'm not hurting for money. I've never been a millionaire the 35 years I've been alive. I can wait 1 more.

That's a perspective...I quite like it

 

[RandomOne]

Lol I'd spend the entire year planning out on how I'm using that 5

I'd definitely upgrade a bunch of things and put the rest away

 

[Duwop]

I'm a instant gratification type nigga.....

Fuck all that patience is a virtue bullshit...

Run me my shit now, I'm impulsive as shit... There's immediate changes I'm making off top

 

[Inglewood_B]

niggas said 3 mill not enough to make em want a new house or car…..

This thread is threading i see.

my current house worth $450k already. If I upgrade that’s already a huge chunk of that $3million gone right away.

 

[TheNightKing]

my current house worth $450k already. If I upgrade that’s already a huge chunk of that $3million gone right away.

Exactly. Mine is $525k or something like that right now so I’m keeping what I got. Plus the kids are going to be in college soon so we don’t need any more room. I’d probably add on to the deck and create a backyard oasis of some sort. Probably add on a detached garage type building I can build a gym in. The theater room and all that is in process right now without the 3 or 5 milli.

 

[yungmill]

Right, we rather have it now, nobody knows what's going to happen next year

 

[5 Grand]

Right, we rather have it now, nobody knows what's going to happen next year

The problem with that line of thinking is, If you take the $3 Mil now, invest it wisely in mutual funds, then nothing happens between this year and next year you will wish you had waited a year and taken the $5.

 

[Mr.LV]

I don't have to do nothing for a year and get 2 million dollars on top of the 3 million....seems like a no brainer.

 

[Marc123]

Life ain't promised.

Take the 3 mill now

 

[deadeye]

 

[konceptjones]

my current house worth $450k already. If I upgrade that’s already a huge chunk of that $3million gone right away.

Put it this way:

The house will take a good chunk, true, but you no longer have to pay rent or a mortgage for the rest of your life, just taxes. This means that you could live comfortably on $50k-$75k/year. Even if you spent $750k on an "upgraded" house, you still have enough money to live on for the next 30 years at $75k/yr, even longer if you can keep your spending down to $50k.

 

[Inglewood_B]

Put it this way:

The house will take a good chunk, true, but you no longer have to pay rent or a mortgage for the rest of your life, just taxes. This means that you could live comfortably on $50k-$75k/year. Even if you spent $750k on an "upgraded" house, you still have enough money to live on for the next 30 years at $75k/yr, even longer if you can keep your spending down to $50k.

Thats exactly the point I was making… I said I’d pay off my current house rather than buy a new one and then retire and live comfortably



the house I’m in is fairly new. Built in 2012.
4 bedrooms, 3 bath, 2 stories. There would literally be no reason to upgrade completely on what I got other than to just burn more money. Rather finish paying this one off and maybe add a few QOL improvements to raise the value further.

Wouldn’t even buy a new car either, as I’m driving a 2019 Camaro, and I’m satisfied with it.

 

[KingRicky]

i will take the 3 milli take care of my people dem

 

[Koltrain]

3mil now... that 5 won't really be 5 considering inflation

 

[Dwayne]

3mil now... that 5 won't really be 5 considering inflation

Lmao.
Fam, In 1 year that 5 million will still be more than 3 million. A lot more.




Yall inflation argument holds no merit. I would understand if y’all said 15-20 years but one year? Naw

 

[Koltrain]

Lmao.
Fam, In 1 year that 5 million will still be more than 3 million. A lot more.




Yall inflation argument holds no merit. I would understand if y’all said 15-20 years but one year? Naw

3m is more than I got right now...I'm taking that bread. I'd immediately contribute more to investments that I have cash flowing right now...I'd quit my job and focus on my business and investments. 5 is nice, but I'd honestly be good with 3 right now. Most opportunities I've missed in my life is because I waited too long.