Sense

Today's Trivia on /sense

In a span of 10years would you rather make $1million  on the first year and make nothing in the remaining 9years or would you rather make $100,000 each year for the 10years.

Tell me your reason and why didn't pick the one you left?

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hmm nice response, and why did you didn't you pick the other option 🤔

I would rather make $100,000 each year for 10 years.


Here are my Reasons;

 ~ Total Earnings: Both options result in a total of $1 million. So, from a pure sum perspective, they are equal.

 ~ Stability and Planning: Receiving $100,000 annually provides a stable and predictable income stream. This allows for much better long-term financial planning, budgeting, and investment strategies.

 ~ Reduced Risk: If you make $1 million in the first year and nothing for the next nine, you're putting all your eggs in one basket.

 ~ Psychological Comfort: Knowing that you have a consistent income coming in provides a level of psychological comfort and reduces financial anxiety.

 ~ Opportunity for Growth: With consistent income, you have more opportunities to invest smaller amounts regularly, potentially benefiting from compound interest over the 10 years.

Here is my reason

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