Pick Two
- Thread starter Sharky1203
- Start date
It was a very easy choice. $2500/week and $5M is a no brainier for me.
Receive new $10M house (maybe $20M, after all)...Sell house.
Way better than $125K/year for life.
I think of it as an insurance policy.
Just in case I waste my millions on hookers and blow....always have the $125k a year to get me through rehab.
5 million in cash and the best home in the entire world!!!
84 billion dollar house and 5 million.
$5mm and $2,500/week. That results in immediate retirement (or at least going after a passion career), so now I've received 3 choices. I can pay off my house, so I've received 4 choices. I will be financially secure enough to hold credit and pay bills, so my credit score will be high. I've now received 5 choices.
5 million and 2500 a week for life. if i had that the credit score, retiring, and new house take care of themselves.
$5mil & the house
$2500/wk is only $130k per year. Which is barely even enough to live on in most major cities.
It would take nearly 39 years to hit $5 million. And that’s not including any interest.
$2500/wk is only $130k per year. Which is barely even enough to live on in most major cities.
It would take nearly 39 years to hit $5 million. And that’s not including any interest.
This guy gets it.
I like my home, with that income you could set yourself up to never do anything again and have F/U money to throw at things. Eventually I would demo my house and completely rebuild but who cares.
My first thought as well; but I guess I could take the hassle of selling a $200m house (guessing there are some houses worth that much anyway), so I went with that one and the $5m
Exactly, this question was too easy.
Not hard at all for anyone that understands math, the house at any value(just get super expensive home and sell it) and 5 million cash.
I guess I’m a moron then for taking a multimillion dollar home that is gaining 10 to 20% value each year over a $130,000 a year salary.
can you afford the taxes and utilities of said house making the same salary you are today?
Exactly my choices because if you have the money for sure you can invest, get a nice mortage to buy that dream house, etc
The poll doesnt read that the $2500 a week is a salary man, it is just money for life. Yeah you could grab a $10 Mil house but maybe it might not sell well
With $5 Mill cash buy, some gold or whatever preciouse items, invest much of it, and then you also have that piddling $2500 a week coming in.
Not really. The house and $5 million. Anyone who says otherwise should hire someone to handle all there money choices.
Get this house in Qatar ($102 million), after buying you can live there for up to 5 years. Or you don’t have to and can sell.
https://www.jamesedition.com/real_estate/qatar?eur_price_cents_from=3686400001
Qatar does not have property tax or tax when you sell. Then use money to buy house with a kitchen and bathrooms as I don’t see any in the pictures.
Tell me you've not been to Doha w/o telling me.
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I think more detail/specifics about each option would be important.
What if by selected the money options, it means you can't retire, and have to keep working?
What if you can buy any house, but you can't sell it, and have to be responsible for utilities, taxes, maintenance, groundskeeping, HOA fees, etc?
Is the $2,500/wk just free money that's not taxed? And the $200k salary would be subject to income taxes?
I probably take the $5M and the $2,500/wk. I don't want to get stuck holding an $84B house, and paying the electric bill and maintenance costs on that. In any case, under these choices, the 800+ credit score seems like the least beneficial choice.
What if by selected the money options, it means you can't retire, and have to keep working?
What if you can buy any house, but you can't sell it, and have to be responsible for utilities, taxes, maintenance, groundskeeping, HOA fees, etc?
Is the $2,500/wk just free money that's not taxed? And the $200k salary would be subject to income taxes?
I probably take the $5M and the $2,500/wk. I don't want to get stuck holding an $84B house, and paying the electric bill and maintenance costs on that. In any case, under these choices, the 800+ credit score seems like the least beneficial choice.
I see poor people. Walking around like regular people. They don't see each other. They only see what they want to see. They don't know they're poor.
Maybe someone is a trust fund baby and doesn't need any of the others, but can't retire yet?
I’d take the $5 mil and retire. I built the house I want right before Covid with all the amenities you’d want plus a nice back yard set up that is resort style, overlooks a park setting and wild life constantly moving through. When the weather is perfect, you can’t ask for anything better.
We have been to Doha more recently than USA. Wife has family members that live there. Yes, it is a different culture, not hard to adapt.
Blows my mind 24 people would rather get $2,500 a week for life than get a house and sell it. Even selling a $5 million dollar house after fees would bring $200,000 a year at interest at 4%.
Home (would be far more than $125k per year) so its that and the cash. Easy. Live in said pimped out home for a few years, then sell it, bank huge profits and buy something less expensive. Credit score/retirement happen in this scenario if you don't blow it gambling... or hookers and blow.
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