01-15-2011 at 02:25 PM
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#1
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Would you rather........
Option A: 1) Receive a million dollars in a weeks time
Option B: 2) Receive two million dollars after 8 years.
Which and why?
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01-15-2011 at 02:28 PM
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#2
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Option B is the most sensible, but I may need that money asap..
Even if I take into consideration the interest on my student loan, I suppose option B would make more sense, but I'm kinda impulsive somtimes.
edit: plus, what if I get cancer or something, and that money could lead to me being able to travel and receive some expensive treatment?
Either way, with option a, I can invest it and make more monies if I knew how to invest.
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01-15-2011 at 02:30 PM
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#3
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The first option, because I am kinda impatient.
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Immolation is the sincerest form of flattery.
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01-15-2011 at 02:30 PM
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#4
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01-15-2011 at 02:33 PM
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#5
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Option B. In 8 years (hopefully) I'll be done school and ready to a) pay off loans b) travel c) buy a house d) get married e) babies?
Though some of that might happen sooner...
EDIT: ah true, I didn't even think about investment..
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01-15-2011 at 02:33 PM
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#6
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Quote:
Originally Posted by Rakim
Option A: 1) Receive a million dollars in a weeks time
Option B: 2) Receive two million dollars after 8 years.
Which and why?
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after the first million, it really is easy, a couple of reasonable investments and your set, why wait? |
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01-15-2011 at 02:35 PM
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#7
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A.. As to why.. Tuition, travel and invest whatever is left over until I graduate. I can't wait 8 years. Who knows what will happen, I'd rather get $1 M now and maybe in 8 years they'll be $10 M instead of 2 
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Mary Keyes CA 2013-2014
Hons. Biology and Pharmacology V
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01-15-2011 at 02:52 PM
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#8
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And what if your investments go horribly wrong?
I think Option B is the far better option.
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01-15-2011 at 02:55 PM
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#9
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aka Mrs. Henry Cavill
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A million in a week's time. Then I can go buy my own house. 
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01-15-2011 at 03:03 PM
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#10
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I am Prince Vegeta.
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Wow, I always assumed that people were this stupid, but I always hoped I was just being a pessimistic *****.
Option A.
For obvious reasons that shouldn't require an explanation.
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Mathematically it makes about as much sense as (pineapple)$$*cucumbe r*.
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01-15-2011 at 03:11 PM
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#11
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Quote:
Originally Posted by lawleypop
Wow, I always assumed that people were this stupid, but I always hoped I was just being a pessimistic *****.
Option A.
For obvious reasons that shouldn't require an explanation.
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explain yourself.  |
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01-15-2011 at 03:12 PM
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#12
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Quote:
Originally Posted by lawleypop
...
Option A.
For obvious reasons that shouldn't require an explanation.
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Care to elabourate? |
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01-15-2011 at 03:18 PM
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#13
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Quote:
Originally Posted by Rakim
And what if your investments go horribly wrong?
I think Option B is the far better option.
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Then I'll just keep them in the bank, interest is more than enough. Option B is only 2X as much as option A. I'd rather have the money now and plan accordingly.
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Mary Keyes CA 2013-2014
Hons. Biology and Pharmacology V
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01-15-2011 at 03:20 PM
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#14
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I am Prince Vegeta.
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All else being equal, present money > future money.
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Mathematically it makes about as much sense as (pineapple)$$*cucumbe r*.
DannyV
says thanks to lawleypop for this post.
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01-15-2011 at 03:23 PM
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#15
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Quote:
Originally Posted by lawleypop
All else being equal, present money > future money.
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What is this based on? Economcy thingies? I was just assuming the future money was garunteed.. its not like I would know what to do with a million dollars at the present anyways, and I'm financially secure at the moment, so B seems more useful to me? |
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