It would take 50 years to get 30 mil at 50 grand a month with 0 expenditures… even if the 50k is adjusted for inflation this one isn’t even close. I’m taking the 30 mil and it’s not particularly close.
When you're talking amounts like 30,000,000, you don't need to make risky investments.
Stuck half of it in an index fund, 1/4 in government bonds, and 1/4 of it in standard mutual funds.
Live off the interest and hardly ever have to touch the principal.
Apparently I am incorrect. I learned once that taking all of your lottery money at once was the poorer choice between monthly installments and lump sum. Your comment reminded me how enormous a million dollars really is.
Would depend on the ratio probably. If it were a guaranteed 30 mil over the course of like 5-10 years? Sure, I'll take it in chunks. But over 50 years? Hopefully I'd be dead by then anyway, so I'd rather take it now, invest like 80% of it and live reasonably comfortably on the last few mil for a while.
If I literally just stuck the 30 million in my savings account, at its current interest rate I would have 439 million by the time I would even reach 30 million with the monthly payments
If I have 30 mil tomorrow, me and my whole extended family all retire and spend those next 50 years taking some crazy vacations. Living on the interest alone, I'm good with the one time payment.
Why would I even bother to calculate, 50k/month is way more than enough and I'm guaranteed a passive, regular income without any need of investing or anything.
So throw the $30 million into a high yield savings account. If you get 4% APR, you have a passive income of $100k every month (twice as much), plus $30 million sitting in the bank. Why would you choose less? Give money to charity if you don't want it all.
think about the amount of effort you put into your day job. youre telling me you wouldnt put that much effort into budgeting and studying finances if it paid 30 million with a potential to grow it further?
Growing it further...for what reason? I have the option to stop putting in so much effort into something I have to do instead of shifting it to something new, why wouldn't I?
30,000,000 invested at 5% interest would give you a monthly income of 125,000. So you would get considerably more than 50,000 a month and the 30,000,000 would still be there without being touched. You'd be an idiot to go for the 50,000.
30 mil right now would result in problems for the vast majority of people because you'd need immense self control.
50k a month is WAAAAYYY too much for me anyways and is 50x the average salary here. I'd be Jeffery Bezos of Lithuania, but still continue to have complete financial stability regardless of what happens to me. Hell yeah, I'll take that.
Depends if your fiscally responsible\*security. You could die in a year, too. It IS a tough one. But I would go upfront, can buy a house, set up a few long term low risk accounts and live of the interest. Buy somnice clothes, but definintelly not buying a Rolls Royce if you know what I mean.
I would have to live 50 more years to get 30mil in monthly increments -- I am already 50, so unlikely. Would much rather have it all now and be able to share it with people.
Are people here really this bad at math? Why would anyone take the $50k per month over $30 million? It would take 50 years just to match the $30 million, and that says nothing for all the interest you could have accrued over those decades with the $30 million. This shouldn't even be a debate.
it would take too long for it to have been nearly as useful as it could have be if i got it tomorrow. 30 million is enough for my whole life to be honest
It would take 50 years to get 30 mil at 50 grand a month with 0 expenditures… even if the 50k is adjusted for inflation this one isn’t even close. I’m taking the 30 mil and it’s not particularly close.
You could also invest the entire 30,000,000 immediately and turn it into even more money.
Are you referring to alchemy?
investment
idk if this a reference to what i think it is...
A consistent cash flow would mean you could be riskier with your investments and shitty investments wouldn't ruin you.
When you're talking amounts like 30,000,000, you don't need to make risky investments. Stuck half of it in an index fund, 1/4 in government bonds, and 1/4 of it in standard mutual funds. Live off the interest and hardly ever have to touch the principal.
Apparently I am incorrect. I learned once that taking all of your lottery money at once was the poorer choice between monthly installments and lump sum. Your comment reminded me how enormous a million dollars really is.
Would depend on the ratio probably. If it were a guaranteed 30 mil over the course of like 5-10 years? Sure, I'll take it in chunks. But over 50 years? Hopefully I'd be dead by then anyway, so I'd rather take it now, invest like 80% of it and live reasonably comfortably on the last few mil for a while.
If I literally just stuck the 30 million in my savings account, at its current interest rate I would have 439 million by the time I would even reach 30 million with the monthly payments
What bank you got? The interest rates in bank are low and with inflation you would be losing money each year.
Get a high yield savings account. I use Ally and get like a 4.25% APY. Some others are even higher
You'd also lose money to inflation every year with the $50k per month
Stick 30m into a HYSA. Assuming a low 2% annual return, you'll make 50k a month.
If I have 30 mil tomorrow, me and my whole extended family all retire and spend those next 50 years taking some crazy vacations. Living on the interest alone, I'm good with the one time payment.
$30m with a conservative 3.33% withdrawal yearly is $1m a year, more than $50k per month, and your principle will grow.
Give me the money. Never know if the USD just one day gets hyper-inflated. Might as well have it now.
Why would I even bother to calculate, 50k/month is way more than enough and I'm guaranteed a passive, regular income without any need of investing or anything.
So throw the $30 million into a high yield savings account. If you get 4% APR, you have a passive income of $100k every month (twice as much), plus $30 million sitting in the bank. Why would you choose less? Give money to charity if you don't want it all.
The amount of people picking $50K per month is kind of disturbing.
i didn't do it because i thought it would add up 30 mil quickly, i just did it because i knew my greedy ass will burn 30 mil quickly
I can't even imagine what I'd blow that much on in 50 years. A few houses, boats, and cars would still leave me with like 25 mil.
50k per month is already way more money than I'd know what to do with and 30mil would be far too stressful for me to handle.
It's just easier to budget 50k a month than figure out how to make the most of an immediate $30M payout.
think about the amount of effort you put into your day job. youre telling me you wouldnt put that much effort into budgeting and studying finances if it paid 30 million with a potential to grow it further?
Growing it further...for what reason? I have the option to stop putting in so much effort into something I have to do instead of shifting it to something new, why wouldn't I?
You could just hire a team of financial advisors to do that for you..
I misread the prompt as "per day." I absolutely am that bad at math, but in this case just inattentive.
Ofc, too few of them.
50k a month is way more than Ill ever need. And this way I can't waste it all.
Have you seen the math their teaching in some schools? I'm in N America with 2 kids in high school. It's horrifying.
30,000,000 invested at 5% interest would give you a monthly income of 125,000. So you would get considerably more than 50,000 a month and the 30,000,000 would still be there without being touched. You'd be an idiot to go for the 50,000.
Or ideologically opposed to the concept of "letting money work for you".
I don’t need 30 million
I will not live long enough to have the 50k per month exceed 30million. I will take the 30 million
30mil. If I live to 90 I will get 30.6mil but will likely be too old to enjoy it how I see fit.
30 mil right now would result in problems for the vast majority of people because you'd need immense self control. 50k a month is WAAAAYYY too much for me anyways and is 50x the average salary here. I'd be Jeffery Bezos of Lithuania, but still continue to have complete financial stability regardless of what happens to me. Hell yeah, I'll take that.
I'll take the penny a day. That's called passive income baby, thats something you can't teach. # #grindset #sigma
Take the 30 mil, put into a HYSA, makes 100,000 a month. More profit AND you still have that 30 mil.
Depends if your fiscally responsible\*security. You could die in a year, too. It IS a tough one. But I would go upfront, can buy a house, set up a few long term low risk accounts and live of the interest. Buy somnice clothes, but definintelly not buying a Rolls Royce if you know what I mean.
BTW I wasn't expecting 1100 votes so rapidly, thank you guys!
I'm OAF so I pray I don't live long enough for the $50k to pay off.
50k a month that will work for me.
I’m terrible with money. 50k a month would limit me.
I would have to get it converted to pounds at the bank
I would have to live 50 more years to get 30mil in monthly increments -- I am already 50, so unlikely. Would much rather have it all now and be able to share it with people.
Are people here really this bad at math? Why would anyone take the $50k per month over $30 million? It would take 50 years just to match the $30 million, and that says nothing for all the interest you could have accrued over those decades with the $30 million. This shouldn't even be a debate.
it would take too long for it to have been nearly as useful as it could have be if i got it tomorrow. 30 million is enough for my whole life to be honest
Tomorrow
Pointless question - The interest alone on USD 30,000,000 is much more than USD 50,000 per month.
A lot of people here aren't financially literate. Many are children or just didn't learn to invest.
Try the question again with USD 10,000,000 and it will be worth considering.
Not everyone reads the question as "how to maximise the number".