19 People Talk About Their Choice Between Getting $100k Today or $1 Million in Ten Years

Photo Credit: Unsplash, Sharon McCutcheon

If you won the lottery, what would you do? Would you take the cash lump sum to relieve financial debt or take annuities over ten years?

Some people may be yelling,”YOLO!” while running for the bank. Others might say, “Invest!” I’m on the side of tossing my Benjamin’s in the air and having fun! But whatever your choice, make it good one!

AskReddit proposed the same question,

“If you could pick between $100,000 tomorrow or $1,000,000 in ten years, what would you pick and why?”

The answers are surprisingly practical!

19. Good choice

100k tomorrow. I was just laid off today.

18. Banking on survival

I’m not getting that kind of return on 100k.

I can survive the ten years without a windfall. I mean, it’s not like I’m expecting one now and know I’ll survive.

17. I’d say keep paying that pension!

$1m in ten years.

Can just stop paying my pension for some extra bonus cash now until the big pay day comes.

16. Situational decisions are warranted

100,000 tomorrow.

Because I’m 55 years old and not in the greatest of health.

15. Make the king daddy of money proud

A lot of people who know how to “wisely invest” $100,000 and grow it to over $1,000,000 in 10 years.

Warren Buffet would be proud.

14. Time is currency

$1,000,000 in ten years, 100%.

I’m only 18, I probably won’t have even entered my final career at that point.

13. Life begins at 26, BTW

1 mil please.

I’d only be 26, that’s when I’d be just really starting my life.

12. The ultimate nest egg

$1mm in 10 years.

I don’t believe I can spin that $100,000 into over $1mm within that 10 years, certainly not when you factor taxes and other fees.

Also, as much as I’d LOVE that money, I don’t NEED it right now. It would be life changing right now, for sure, but that $1mm safety net in 10 years would be even more life changing. So I’d just stick it out, enjoy my life as usual, do my thing.

Sleep a little easier knowing I get one hell of a birthday present coming in 2030.

11. Don’t discount your life

$100,000 tomorrow.

I could get myself a place, stick half of it in savings and start to actually live my life.

It’s not the option that gives me the most wealth, but life isn’t about wealth it’s about living, and I’m fed up of my current situation.

10. Snag your captain’s hat and Cisco shorts!

The $100,000 because with all my r/wallstreetbets experience Id rake in the tendies and be on a yacht in no time.

Literally can’t go tits up.

9. Live for today, bro

I don’t know if i’m gonna be here in 10 years, or if i’m gonna need that much money.

What I know, is that tomorrow I’ll be here and I’m gonna be broke af.

So yeah, the first option.

8. “Wealth is the ability to fully experience life”

All these replies acting like you should hold onto debt for 10 years just so you can get a bigger payout underestimate the freedom that you feel knowing all your money belongs to you.

Without that psychological baggage you can really live your life to the fullest.

Plus you can start working to build your credit score again if necessary.

7. YOLO!

100k tomorrow, no question.

I could quit my job that crushes my soul, I could move to a city that would be a better fit for me. I could go on a trip and relax for a few weeks.

Look, I don’t expect this to fix all my problems, but I could restart my life a bit and not compromise in as many areas.

6. He’s about making a huge deposit into a career

$100k tomorrow means I could invest in a good career and drastically increase my earning potential.

5. Is it better to be wise or foolish?

Getting 1mil later is wiser.

And I’d choose it, but just barely – 100k now would have so many immediate benefits for the quality of my life and my family.

If I was 21 and not 31, then I’d tell the 100k to f**k off and come back in 10 years’ time.

4. Never be a bore

The million in 10 years 100k could change my life, but I would be boring and invest it.

1 million could make a big immediate impact when it comes. I am okay with delayed gratification, and the 100k will not net me a million after a mere 10 years

3. Beyond the Benjamin’s

Why does every redditor think they’re gonna f**king die within 10 years???

2. Jump start a business

$100,000 tomorrow.

We’re running and growing a small business (a real one, not MLM stuff), and I think that investing that much in our growth today would make it worth more than $1M ten years from now.

1. Drawing a demographic line in the sand

I think this question divides people pretty clearly along the rich/poor line.

Sure, 1m in ten years would be great but 100k tomorrow looks a lot better when you are struggling to afford rent, food and petrol.

Overall, its safe to say people consider windfalls differently. But what if tomorrow never comes? That mula would be wasted!

What about you? What would you do?

Let us know in the comments!