If you won One Million Dollars...

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.

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

more than 4,000$ each month FTW.

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.

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.

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.

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

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)

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.

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