
Win £50000 today.
Win £500000 in ten years time.
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I'd consider this like the children & marshmallow test, and choose the £500k a decade from now.
Yes, the level of inflation (& resulting value of £500k 10years from now vs. the value of £50k now) isn't known, and @MTC29 does have a point in that none have a guarantee of survival until that time. Still, @exitseven also has a point in that investing to earn the remaining 90% just with the initial £50k is a tough endeavor.
Neither is a large amount of money to be honest.
But I'd rather have the 50,000 today because you have no idea what the currency rates will be 10 years down the line, sure money could be worth more but it could also be worth less in 10 years then it is now.
But to have an exact amount today and make investments or buy an apartment building and rent it out or something. Take the 50,000 and turn it into 500,000.
I'd wait... I don't have confidence that I'd know how to invest it right now to make it more than 500 000 in 10 years and I don't really need money right now. It wouldn't be enough to buy a house so I feel it'd just go to waste but if I could wait 10 years and it was a guarantee then I would.
If I get the money today then I can admission in a music college and stay in a hostel there. I don't want my mom to interrupt my journey to my dreams.
Opinion
22Opinion
Omg bring it on NOW, I am literally desperate for cash, the thought makes me want to cry.
The absolute need I have for money is beyond anything imaginable. It brings me so much anxiety and upset.
Emotionally I want to just have more money now, but the adult in me says that just won’t work.
I can’t buy a house with that, And it won’t last me long living on my own. And of course that wouldn’t be enough to skip out on higher education and skirt the rest of my life by until retirement
Who out there, regardless of age, has any assurance that they will be alive in ten years? Give me the money now... in US Dollars.
If things don't turn around in certain areas I don't plan on being here in 10 years, so I'll take the money now so I can have that turn around in my life so I'll actually still be here in 10 years.
I would wait the ten years. It would be hard to get that kind of return if you invested it yourself.
I'd take it 10 years later, The next step would be converting it to CAD. After that I'm going on a shopping spree! 🛍️
At the rate inflation is going, $500k in 10yrs would be equal to $50k today.
Take the lesser amount today, so I can have a better bucket list, won't be here in ten years.
There are no guarantees in life, so I'll take the money today.
take the money now. with $50,000 i could buy a Tesla and pay off the rest of the house.
How are you a homeowner at 15?
@WhiteBoyChill im not, Its my moms but its almost paid off.
I don’t see why you wouldn’t use the money for yourself then if your parents will still be able to cover it with time
I have no money right now id choose grtting it today because i might actually be rich in 10 years and that money would be unnecessary
win today as in my life the cost of living has gone up 500% my first new was 350.00 a similar car now is 35000, so take it now to do what you want.
Today. Will allow me to invest and gradually grow to more than the 10 year sum in this question.
I'll take it today, with my skills I'd probably make a million before those years are up
B, Im sure I can't make 500000 even starting with 50000 so let them do it for me
Aren’t you guys on the dollar now? Jeez. Just use real money.
I can make that 50K grow well beyond 500K within 10 years.
A bird in the hand is worth two in the bush.
Don't need either, tbh. So the question is moot.
I’d rather wait ten years
I am not young and far from rich. I need it today.
Today would be nice. Can go towards a house
Yeah. Only enough for a really shitty house if you’re an American
@WhiteBoyChill I'm not American, it's even worse here I believe but 50k would help out
Well if its worse there in Australia than why wouldn’t you also be waiting the ten years like I’ve decided to?
NZ nm
@WhiteBoyChill 50k could help now. Put 50k into our investment funds would help them majorly
I would also rather not be still renting when I'm 35
The economy is doing shit rn tho. I’ve had my money invested over a year and hardly made anything
@WhiteBoyChill still don't want to be renting at 35 🤷🏻♀️
I will take the 50000 today.
Today, so much I could do
I'll take 10x in 10 years anytime!
Win the money today. I might die in 10 years time.
Ooo British pounds 🥺
Ya cool, and I voted @Futureboy
I'm sure about today not tomorrow
please now 50k£, i can make it bigger year by year
Take the smaller sum today.
In 10 years I'll probably be dead.
I’ll take the money today
Tomorrow is promised to no one
A. I’m not getting younger
Today 😂
50 today
10 years
Investments hardly increase by 10 fold in 10 years. Those idiots that chose 50k, no wonder they’ll never be rich like I am
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