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-   -   If you won One Million Dollars... (http://zelaron.com/forum/showthread.php?t=46390)

!King_Amazon! 2008-07-24 01:11 PM

Quote:

Originally Posted by Willkillforfood (Post 645051)
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 2008-07-24 05:07 PM

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 2008-07-24 06:56 PM

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 2008-07-25 09:08 PM

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 2008-07-25 09:15 PM

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! 2008-07-25 10:09 PM

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

PureRebel 2008-07-26 01:16 AM

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 2008-07-26 01:24 AM

Quote:

Originally Posted by Wallow (Post 645014)
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 2008-07-26 01:54 PM

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


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