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I come to your house and offer you a $100 dollar bill or you can wait 2 years and I will give you $500, what is your choice?


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I come to your house and offer you a $100 dollar bill or you can wait 2 years and I will give you $500, what is your choice?  

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  1. 1. I come to your house and offer you a $100 dollar bill or you can wait 2 years and I will give you $500, what is your choice?

    • $100 bill right now
      9
    • $500 in 2 years
      10


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Warren Buffet asks a similar question. If he could buy 10% of all your future earnings from the day you graduate college until death' date=' what would you take? He says almost everyone will sell for $500,000. When it comes to it people don't generally like to invest in themselves. [/quote']

 

I would take 500k in a heartbeat. Let's say I make I make 40k a year for 25 years, that's only 1 million. Woudln't taking 500k be the right decision?

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I would take 500k in a heartbeat. Let's say I make I make 40k a year for 25 years, that's only 1 million. Woudln't taking 500k be the right decision?

 

How is $500k better than $1000K?

 

Is $12500 per year for 40 years better than $25000 per year for 40 years?

 

No to both.

 

Simple math here guys.

 

I think even Teddy understands this.

 

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I would take 500k in a heartbeat. Let's say I make I make 40k a year for 25 years, that's only 1 million. Woudln't taking 500k be the right decision?

 

 

Well, for a lot of reasons, but I guess the first is that if you're just graduating college, make 40K a year and only need to work for 25 years you are really lucky. You'd only be like 47 when you retire.

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How is $500k better than $1000K?

 

Is $12500 per year for 40 years better than $25000 per year for 40 years?

 

No to both.

 

Simple math here guys.

 

I think even Teddy understands this.

 

OP said it's 10% of future earnings. 10% of 1 million is 100k 500k is better than 100k

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