LukasMcNeal Posted June 18, 2013 Report Share Posted June 18, 2013 (edited) You have a choice, £10k a year for the rest of your life or a £1 million once only payment? Discuss. Edited June 18, 2013 by LukasMcNeal Quote Link to comment Share on other sites More sharing options...
dann2707 Posted June 18, 2013 Report Share Posted June 18, 2013 I'd probably stick the million in a bank and earn interest from it. I think I'd still be really frugal regardless. 1 million isn' actually that mmuch money when you think about it. It would easily go. Quote Link to comment Share on other sites More sharing options...
Martin Reynolds Posted June 18, 2013 Report Share Posted June 18, 2013 You have a choice, £10k a year for the rest of your life or a £1 million once only payment? Discuss. £1 mil. you'd get more money. Im 23, say i expect to live 50 years, thats 20k a year. Its a matter of self control really. If you've got the self control to not blow it all at once, £1 mil will sort you out for the rest of your life. If you had no self control, then the 10K a year would do you. Quote Link to comment Share on other sites More sharing options...
Revolver Posted June 18, 2013 Report Share Posted June 18, 2013 Hand it over. Quote Link to comment Share on other sites More sharing options...
ooo Posted June 18, 2013 Report Share Posted June 18, 2013 in twenty years time 10k will be worth less than it is now as it doesn't track inflation. If you understand investing you can grow 1mil into to multiples over ten years, on the other hand you could just loose it all by being a tard. Quote Link to comment Share on other sites More sharing options...
Blake Posted June 18, 2013 Report Share Posted June 18, 2013 1 mill I guess put it in the bank and pretend it's not there for a bit. continue working like a normal person while it racks up interest. Maybe invest in some stocks. .. Quote Link to comment Share on other sites More sharing options...
Jake. Posted June 18, 2013 Report Share Posted June 18, 2013 (edited) One million pounds. With just a 1% interest rate you'd get like ten grand a month plus a million to keep in the bank as emergency rations. Win win? Edited June 18, 2013 by JMCD Quote Link to comment Share on other sites More sharing options...
Dom_capper Posted June 18, 2013 Report Share Posted June 18, 2013 1 mil in the bank then take out 10k plus the years intrest each year and carry on as normal, maybe invest a lump in a house Quote Link to comment Share on other sites More sharing options...
SamKidney Posted June 19, 2013 Report Share Posted June 19, 2013 1 Million. The interest gained from it would be more than enough to live on per year. Add continuing to work as normal.... But honestly, I'd buy so much shit. Quote Link to comment Share on other sites More sharing options...
BradJohnson Posted June 19, 2013 Report Share Posted June 19, 2013 1M. Invest it into some form of businesses and live off the income from that. Quote Link to comment Share on other sites More sharing options...
isitafox Posted June 19, 2013 Report Share Posted June 19, 2013 £1million and buy 100,000,000 penny chews 1 Quote Link to comment Share on other sites More sharing options...
JT! Posted June 19, 2013 Report Share Posted June 19, 2013 Haha Lukas you dummie, the question should be 100k a year or 1 Mill. Everyone is going to pick 1 Mill because you'd have to live 100 more years @ 10k a year just to break even. Quote Link to comment Share on other sites More sharing options...
Tony Harrison Posted June 19, 2013 Report Share Posted June 19, 2013 We've had this before I think... Quote Link to comment Share on other sites More sharing options...
Muel Posted June 19, 2013 Report Share Posted June 19, 2013 We had one that actually made sense for discussion before, which was £1m once or £100k a year. Quote Link to comment Share on other sites More sharing options...
LukasMcNeal Posted June 19, 2013 Author Report Share Posted June 19, 2013 D'oh kinda got the figures wrong! Quote Link to comment Share on other sites More sharing options...
MadManMike Posted June 19, 2013 Report Share Posted June 19, 2013 Definitely the milly. Could buy a nice house, a nice car and have enough to open my own business in Bristol. With £10k I could buy an average car and worry about getting a job. Then get into debt and use next years £10k to bail me out. Nein danke. Quote Link to comment Share on other sites More sharing options...
MikeCottTrials Posted June 19, 2013 Report Share Posted June 19, 2013 Yeah 1 mill obviously. Stick it in the bank and only withdraw 10,000 a year if you want? Still take 100 years to eat up Quote Link to comment Share on other sites More sharing options...
bikeperson45 Posted June 19, 2013 Report Share Posted June 19, 2013 I'd be tempted to take the million and use it all up in a couple years but having a lot of fun with it. Or give it all to charity of course. Quote Link to comment Share on other sites More sharing options...
Greetings Posted June 20, 2013 Report Share Posted June 20, 2013 10g a year is less than 1m once in your lifetime. If you're good with money - 1m will get you much further. I'd invest it in some property, start a business there. Lots of possibilities. Quote Link to comment Share on other sites More sharing options...
JT! Posted June 21, 2013 Report Share Posted June 21, 2013 ...I'd take 100k a year over 1 mill lump sum however. Quote Link to comment Share on other sites More sharing options...
Revolver Posted June 21, 2013 Report Share Posted June 21, 2013 Me too. Quote Link to comment Share on other sites More sharing options...
Max Quinn Posted June 21, 2013 Report Share Posted June 21, 2013 (edited) I'd still take the mil, purely to plug it into property. 100k doesn't get you much. Edited June 21, 2013 by Max Quinn Quote Link to comment Share on other sites More sharing options...
N.Wood Posted June 21, 2013 Report Share Posted June 21, 2013 Y'all would take 100k/year over a mill? Why? Interest mean nothing? Quote Link to comment Share on other sites More sharing options...
Muel Posted June 22, 2013 Report Share Posted June 22, 2013 I'd take the 100k, purely because I don't care about tax or interest, I just want to live a normal person life. I could easily do that on 100k and never work again. Or carry on working and use the 100k to supplement things. Quote Link to comment Share on other sites More sharing options...
Muel Posted June 22, 2013 Report Share Posted June 22, 2013 (edited) Shit phone double posting... Edited June 22, 2013 by Muel Quote Link to comment Share on other sites More sharing options...
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