Well, as I'm closer to 50 than 30 now, the decision was pretty obvious. But seriously, if you don't own your own business or company by 50, many times you'll be watching your ass or waiting for the axe to cut your salary. It seems like the perfect time to get amazing news and some big chunk of economic freedom. Good summer thread, OP.
The same here 2 or 3 works for me. Could definitely see being very active and decently healthy at 50 could enjoy a good 20 years of fun etc. 30 seems like it is where people would Ideally see themselves again . . .at 20 . . . .I would have been far far too foolish. Not saying I was not foolish at 30 but . . . .. not like at 20 Rocket River
At what rate would you have to earn $8 million in 10 years, if you were given $2 million. Now apply that to all scenarios, and see which comes out on top.
I'm north of 50 and think 3 is the no-brainer choice. The difference between $50 million and $10 million is just too big. I also think 50 would be a great time to retire after putting up with 30 years of the rat race. You would have a greater appreciation for the windfall, plenty of years to enjoy it and (hopefully) the maturity to use it for causes greater than yourself.
I've a strong feeling that after 30+ years from now I would have something close to 10 millions ,but the price of iPhone43 will be close to half a million and I can't see through it's 40" touchscreen anymore
If I have assurance it's coming, I'll take the billion and borrow against it as I wait to get old enough to collect. Otherwise, I'll collect at 30. Just in time to get the best education for my children.
I guess I'm going to be the outlier here and say $1 billion at 65. A couple of reasons: Even though I'm old, the things you can do with a Billion greatly exceed anything at even $50 million. Priceless art, private jets, multiple houses, yachts...it is a completely different lifestyle. The next things is that with $1 Billion, my family is taken care of for generations.
I'm on the backside of 50, so I'll take that one. If I had money when I was younger, I'm pretty sure I would have wasted my life or blown through the dough and become a bitter old man. Some life experiences, kids to leave some to, wife to pamper, a quarter century to goof off--yeah, I'd take the $50 million.
