What would you choose?
Someone locally won 7 million on cash 4 life ticket. They have to choose 1000 a day for life or a lump sum of the 7 million. Someone mentioned that if he/ or she is young the 1000 a day for life would be the way to go but if they were older the lump sum may be the way to go. I would take the 1000 a day. What would you choose?
- bluebunnybabe
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Regent
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The 7 million. The lump sum is almost always the way to go.
Kid Crack Dealer
Anonymous 1 wrote: ↑Sat Aug 08, 2020 10:14 pm Someone locally won 7 million on cash 4 life ticket. They have to choose 1000 a day for life or a lump sum of the 7 million. Someone mentioned that if he/ or she is young the 1000 a day for life would be the way to go but if they were older the lump sum may be the way to go. I would take the 1000 a day. What would you choose?
If you live at least 20 more years you’ll end up with more taking the 1000 a day, of course that doesn’t take into factor any investments with the lump sum
I would probably go with the lump sum. We already have a steady income and live comfortably... nowhere near 1000 a day of course, but we couldn't possibly need that! It would be great to spend more freely and buy property in some of our favourite areas.
- carterscutie85
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7 mil. I wouldn't want to get Clinton'ed by the lottery people lol.
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- Princess Royal
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The lump sum.
I shit glitter
I'd do lump sum. Invest in 20 acres as close to off the grid as we can get here. Build a house sufficient for my family and a foster kid or 2 because I've always wanted to foster.
Invest the rest.
Invest the rest.
- Valentina327
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Lump sum. I'm in Illinois. I'd be afraid the state would go BK and I'd not end up getting paid.
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Princess Royal
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The lump sum. Always