If you won One Million Dollars...

[Jessifer]

Would you rather have it in a lump sum, or in payments over time?

[Thanatos]

Over time definitely. I'd be too tempted to spend it all and then I'd be left with nothing, forcing me to get an income again. If I got it delivered over a period of time, I wouldn't have to work.

[HandOfHeaven]

Lump sum, all at once. It'd be easy enough to invest at least half of it, and then do whatever I want with the other half. I've also heard that if it's a lottery, you get more if you take it all at once, rather than over time. Just something I've heard though.

[Lenny]

I'd take it all at once, moan that I'm only getting £500,000, and then spend maybe £50,000 of it. £25,000 would be put to one side for Uni, and the rest would go in the bank.

[Jessifer]

I'd rather have it over time. I'd be less likely to spend it all at once that way.

[WetWired]

It really depends on the terms. It'd all be going into CDs, so whichever way made the most sense for me to start raking in the interest.

[!King_Amazon!]

Lump sum, all at once. It'd be easy enough to invest at least half of it, and then do whatever I want with the other half. I've also heard that if it's a lottery, you get more if you take it all at once, rather than over time. Just something I've heard though.
Actually, it's the other way around.

Anyway, I'd want it all at once. Having to wait to get it would be annoying. I'd rather get it all at once and be able to use it to make more money than have to wait to even get it.

[-Spector-]

I'd take it over time. If you take all of your winnings at once, the tax on it is alot greater than if you receive payments over time.

[Sovereign]

Over time. That way I can only carelessly spend a small portion of it at any given time.

[Wallow]

I'd prefer to get it all at the same time. Then I could split it between my family and bank the rest until I can drive and own a house

[Mantralord]

two chicks at once

[Willkillforfood]

You'd buy two women to lure unsuspecting men into your home? I'd get it as an annuity.

[Mantralord]

and then i would stick a million dolla bills in my ass and make them fish for it, out of my ass of course (where else would they be (like i would put them in my mouth thats gross ^_^ (thats japanese emoticon for kawaii (which is cute in nipponese (^________^ hehe)))))

[Willkillforfood]

You should write stories again. This time make it about you visiting D3v.

[Slim]

Would you rather have it in a lump sum, or in payments over time?

I'm probably in the minority, but I'd take it all at once. Pay off my car, get into school and bank the rest. Honestly, for my plans losing like half of it wouldn't be all that bad.

[Willkillforfood]

Technically if you're to choose between receiving 1,000,000 right now or in an annuity, present value of money is always higher than future. So, I guess if that's the terms then right now makes the most sense.

[Thanatos]

two chicks at once


Office Space.

[Mantralord]

Office Space.

yeah


Seriously: I would get it all at once if there's no penalty, because if not someone would by holding my money without interest, and I just cant have that *crosses arms*

It's better to get it all at once and put it in the bank, because at least you'll get interest (however shitty a rate it may be, thanks bush). If you have such poor self control that you just can't resist spending a million dollars, then set a limit on how much you can draw out a month or something.

[HandOfHeaven]

Mantralord:

You should write stories again. This time make it about you visiting D3v.

That serious post you just had almost gave me a heart attack. I couldn't believe my eyes! It's like when you, Mantralord, see DFD!

[Mantralord]

i think its time i scoop da loop and floop da shoop *skedaddles*

[!King_Amazon!]

Technically if you're to choose between receiving 1,000,000 right now or in an annuity, present value of money is always higher than future. So, I guess if that's the terms then right now makes the most sense.
Good point, I hadn't thought about that.

[kyeruu]

I'd take it all, and put it in a savings account, and live off the interests :D!!!!!!!!!!

more than 4,000$ each month FTW.

[Jessifer]

Saying your going to do it and then actually doing it when placed in that situation is improbable, imho. I'd like to say I'd save most of the money if I had that much all at once, but I probably wouldn't.

[PureRebel]

i'd want it in all at once then throw it in the bank. i already get 8% interest p.a ontop of everything i keep in the bank. i could just live off that and never have to worry about getting a job. :grin:

[Willkillforfood]

Eh, if you lived off 80,000 a year you'd be losing several percent annually to inflation. Having a job is a good idea.

[!King_Amazon!]

Not to mention the government would tax the hell out of that.

[PureRebel]

actually, in australia we dont get taxed on any lottery wins, banking interest or anything like that. we only get our incomes taxed. + if any person earns under $15,000 p.a they get all their tax back at the end of the financial year. not sure how the American Government does taxes and shit compared to us.

(excluding Goods & Services Tax which is extremely low)

[quikspy67]

I'd prefer to get it all at the same time. Then I could split it between my family and bank the rest until I can drive and own a house

Your definately going to change your mind when our 18.

[Jessifer]

Not to mention I'd get bored outta my friggin mind if I did that.