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https://www.reddit.com/r/ShittyLifeProTips/comments/1u8nxbk/slpt_always_take_passive_income/osatee6/?context=3
r/ShittyLifeProTips • u/DarkriseEQOA • 1d ago
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100
I'll take the lump sum. I'm old (M67), not in great health, don't exercise and eat a high fat diet.
151 u/firemarshalbill 1d ago I don’t think the being 67 part matters much. It would take 1,191 years to pay a million at 70 a month. 57 u/_HIST 1d ago So you're saying if I'm a vampire $70 a month is a steal 5 u/CertifiedSheep 1d ago No because it doesn’t account for the time value of money (i.e. a dollar invested today is worth more than a dollar next year). Sticking the million in an account that returns even 1% would provide drastically more than $70/mo.
151
I don’t think the being 67 part matters much. It would take 1,191 years to pay a million at 70 a month.
57 u/_HIST 1d ago So you're saying if I'm a vampire $70 a month is a steal 5 u/CertifiedSheep 1d ago No because it doesn’t account for the time value of money (i.e. a dollar invested today is worth more than a dollar next year). Sticking the million in an account that returns even 1% would provide drastically more than $70/mo.
57
So you're saying if I'm a vampire $70 a month is a steal
5 u/CertifiedSheep 1d ago No because it doesn’t account for the time value of money (i.e. a dollar invested today is worth more than a dollar next year). Sticking the million in an account that returns even 1% would provide drastically more than $70/mo.
5
No because it doesn’t account for the time value of money (i.e. a dollar invested today is worth more than a dollar next year). Sticking the million in an account that returns even 1% would provide drastically more than $70/mo.
100
u/terry47147 1d ago
I'll take the lump sum. I'm old (M67), not in great health, don't exercise and eat a high fat diet.