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$500,000 now or $10,000 a month for the rest of your life [tax free]
Submitted by Covid2020, 19-05-2020, 10:27 PM, Thread ID: 172459
Thread Closed
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 12-07-2020, 01:46 PM #21 Well 10k a month is always a much better value proposition, that's 500k in a little over 4 years..
12-07-2020, 01:46 PM
#21 Well 10k a month is always a much better value proposition, that's 500k in a little over 4 years..
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 14-07-2020, 01:40 AM #22 $10,000, if you are good at math then you would know why LOL
14-07-2020, 01:40 AM
#22 $10,000, if you are good at math then you would know why LOL
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 14-07-2020, 05:47 AM #23 10,000 cause it benefits me more in the long run and I would make more than 500,000 at the end of my life
14-07-2020, 05:47 AM
#23 10,000 cause it benefits me more in the long run and I would make more than 500,000 at the end of my life
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 14-07-2020, 06:28 AM #24 Well, let's see, if we kept receiving $10,000 per month, we would reach $500,000 in just 50 months. That's a little more than 4 years.
Then obviously we should go with $10,000, should we not?
It's actually a little bit more complicated than that.
What if we chose A, invested all of our $500,000and waited for 50 years, with a 10% interest rate?
This would be our final money due to compounding interest:
$58,695,426
That's quite the retirement fund.
But what if we chose Band continued to invest all we could as we got $120,000 per year($10,000 per month)?
That's a littlemore complicated and a lot more impressive.
$140,842,931
It's 3x as much!
Still, maybe we want to spend part of that money and not just wait 50 years entirely.
If we take A, keep investing everything but taking out $12,000 per year ($1,000 per month), we will get:
$44,728,524
While if we choose B, do the same thing, except we take out $12,000 per year again, we will get
$139,679,023
Still about 3x as high.
It seemseveryone here was right!
Here's a little lua for you.
Code:-- Fancy object-orientedness
local counter = {
init = function(self, amount)
self.start = amount
self.n = amount
end,
mul = function(self, c) self.n = self.n * c end,
add = function(self, c) self.n = self.n + c end,
print = function(self) print(self.n) end,
}
local CounterClass = {__index = counter}
counter.new = function()
local tbl = {}
setmetatable(tbl, CounterClass)
tbl:init(0)
return tbl
end
function doWith(counter, steps, mul, add)
for i = 1, steps do
counter:mul(mul)
counter:add(add)
end
end
function doItAllWith(steps, start, interest, addMonthly)
local c = counter:new()
c:init(start)
doWith(c, steps, interest, addMonthly * 12)
c:print()
end
-- Finally what we came here for
local cycles = 50
local interest = 1.1
doItAllWith(cycles, 500000, interest, 0)
doItAllWith(cycles, 10000, interest, 10000)
local less = 1000
doItAllWith(cycles, 500000, interest, 0 - less)
doItAllWith(cycles, 10000, interest, 10000 - less)
14-07-2020, 06:28 AM
#24 Well, let's see, if we kept receiving $10,000 per month, we would reach $500,000 in just 50 months. That's a little more than 4 years.
Then obviously we should go with $10,000, should we not?
It's actually a little bit more complicated than that.
What if we chose A, invested all of our $500,000and waited for 50 years, with a 10% interest rate?
This would be our final money due to compounding interest:
$58,695,426
That's quite the retirement fund.
But what if we chose Band continued to invest all we could as we got $120,000 per year($10,000 per month)?
That's a littlemore complicated and a lot more impressive.
$140,842,931
It's 3x as much!
Still, maybe we want to spend part of that money and not just wait 50 years entirely.
If we take A, keep investing everything but taking out $12,000 per year ($1,000 per month), we will get:
$44,728,524
While if we choose B, do the same thing, except we take out $12,000 per year again, we will get
$139,679,023
Still about 3x as high.
It seemseveryone here was right!
Here's a little lua for you.
Then obviously we should go with $10,000, should we not?
It's actually a little bit more complicated than that.
What if we chose A, invested all of our $500,000and waited for 50 years, with a 10% interest rate?
This would be our final money due to compounding interest:
$58,695,426
That's quite the retirement fund.
But what if we chose Band continued to invest all we could as we got $120,000 per year($10,000 per month)?
That's a littlemore complicated and a lot more impressive.
$140,842,931
It's 3x as much!
Still, maybe we want to spend part of that money and not just wait 50 years entirely.
If we take A, keep investing everything but taking out $12,000 per year ($1,000 per month), we will get:
$44,728,524
While if we choose B, do the same thing, except we take out $12,000 per year again, we will get
$139,679,023
Still about 3x as high.
It seemseveryone here was right!
Here's a little lua for you.
Code:
-- Fancy object-orientedness
local counter = {
init = function(self, amount)
self.start = amount
self.n = amount
end,
mul = function(self, c) self.n = self.n * c end,
add = function(self, c) self.n = self.n + c end,
print = function(self) print(self.n) end,
}
local CounterClass = {__index = counter}
counter.new = function()
local tbl = {}
setmetatable(tbl, CounterClass)
tbl:init(0)
return tbl
end
function doWith(counter, steps, mul, add)
for i = 1, steps do
counter:mul(mul)
counter:add(add)
end
end
function doItAllWith(steps, start, interest, addMonthly)
local c = counter:new()
c:init(start)
doWith(c, steps, interest, addMonthly * 12)
c:print()
end
-- Finally what we came here for
local cycles = 50
local interest = 1.1
doItAllWith(cycles, 500000, interest, 0)
doItAllWith(cycles, 10000, interest, 10000)
local less = 1000
doItAllWith(cycles, 500000, interest, 0 - less)
doItAllWith(cycles, 10000, interest, 10000 - less)RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 17-07-2020, 11:22 AM #25 10k/month is the way to go for me. 50months and I have made that 500k total, thats just over 4 years
17-07-2020, 11:22 AM
#25 10k/month is the way to go for me. 50months and I have made that 500k total, thats just over 4 years
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 19-07-2020, 06:14 PM #26 this is a very stupid question 10k month would be more. period.
19-07-2020, 06:14 PM
#26 this is a very stupid question 10k month would be more. period.
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 26-07-2020, 08:58 AM #27 10k$ for sure, I not sure if I even able to spend that much every month
26-07-2020, 08:58 AM
#27 10k$ for sure, I not sure if I even able to spend that much every month
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 26-07-2020, 09:16 PM #28 Go for 10k a month Easy tbh why wouldn't you :/ Wait a month and get what you need :?
26-07-2020, 09:16 PM
#28 Go for 10k a month Easy tbh why wouldn't you :/ Wait a month and get what you need :?
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 27-07-2020, 01:51 PM #29 this is a very stupid question 10k month would be more. period...
27-07-2020, 01:51 PM
#29 this is a very stupid question 10k month would be more. period...
RE: $500,000 now or $10,000 a month for the rest of your life [tax free] 27-07-2020, 01:55 PM #30 There are few things better in life than a slice of pie.
27-07-2020, 01:55 PM
#30 There are few things better in life than a slice of pie.