The_Girl_in_Tech on Farcaster

Content pfp

https://warpcast.com/~/channel/sense

0 reply

0 recast

0 reaction

The_Girl_in_Tech pfp

The_Girl_in_Tech

@the-girl-analyst

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? Rain150 $Degen! We're on the hunt for the sharpest mind with the closest answer. All you need to do is some critical thinking! Give it a shot and have Fun! 😄👍

15 replies

2 recasts

13 reactions

Jerry-d 🍖👽🎩 ↑ pfp

Jerry-d 🍖👽🎩 ↑

I would choose $1 million in year 1 due to the time value of money. The other choice seems reasonable at first, but doesn’t account for inflation, time in the market, etc. 1 million dollars properly managed and invested, would allow you to live on the interest and most off the principal balance would grow. Properly managed money should outpace inflation at the very least. The assumption here is that “1 year of living“ is reasonable - no more than 100,000 - if this can be achieved with less, all the better. If it can’t, change the situation. (Move somewhere less expensive, live below your means, etc.) With this approach, at the end of 10 years, you should still have a decent amount of the principal plus, you could start earning an income again and add to that growing capital.

2 replies

0 recast

1 reaction

Abraham pfp

@abrahamdomenick

For me I'd choose making $100,000 each year for 10 years. It's consistent and stable income, which allows me to plan long term, also to save, invest. Why I didn’t pick the $1 million upfront, it’s tempting, but risky. Without strict discipline or investment knowledge, that money can vanish quickly.

1 reply

0 recast

1 reaction

Noedmb pfp

I would take the million because I would invest it and in 10 years I would have made more profit.

1 reply

0 recast

1 reaction

We're $Push💜🎩 pfp

We're $Push💜🎩

It depends on my experience, with current experience, I'd take $1M because I already have ideas. But if you've never had so much money, I'd advise you go with 100k a year. It'll help you make informed decisions.

1 reply

0 recast

1 reaction

Dan [not Romero] pfp

Dan [not Romero]

Definitely 100k every year

1 reply

0 recast

1 reaction

Inga pfp

I would choose to earn $100k each year💬 I think it's more stable than getting the whole amount at once) Situations in life are different, and it's good to know that you will have some money for the next years 😄

2 replies

0 recast

1 reaction

Eesha pfp

I would choose the latter if there is a clause(law) attached

1 reply

0 recast

1 reaction

Kaspa pfp

Well for me. I'll go for $100k per year for the next 10yrs. This giving me the opportunity to grow little by little. Funny enough $100k can make me $1M before the year runs out, if invested wisely. I believe in growth and I will go for $100k for the next 10yrs.

1 reply

0 recast

1 reaction

W3LLIAMS pfp

For me who would rather invest in stocks and forex i will go with $100,000 each year Mhen cause $1,000,000 once might get wiped lol 😅

1 reply

0 recast

1 reaction

ShotsDefi pfp

$100k every year

0 reply

0 recast

0 reaction

Golden pfp

It really depends on you as a person and how you’ll be able to spend it. But for me I’ll choose $1mill for reasons best known to me lol 😂

0 reply

0 recast

1 reaction

420mullet pfp

Maybe I'm over thinking this but 100k over 10 sounds better than 1M then 9 years of 0. You said make nothing for the next 9 years so presumably you cannot invest the 1M, because you have to make nothing for the next 9 years.

2 replies

0 recast

1 reaction

veryilham pfp

$1M early. and i will build business for earn $100k / year. 😁

0 reply

0 recast

1 reaction

Maka Chu pfp

I would choose the latter if there is a clause.

1 reply

0 recast

1 reaction