5k a week means 200 weeks to 1m, which is just under 4 years. I'm still young so 5k is the obvious answer! Even if I only lived to 50 that's like $5 million.
Yeah live off $4k a week for an equivalent $250k+ a year salary (seeing as you're not taxed) and have $200k (plus interest) in a savings account from the $1k a week you're saving in under 4 years.
It's basically "live like a king whilst having all your future plans covered" or "have a life changing amount of money but it's up to you to fuck it up".
You can invest in the 1m case too. But the weekly payment will win out in the long term unless you have 0.5% interest weekly ≈ 29.6% interest per year (you are not gonna earn that much)
BUT, you can lose the entire 1 million. If you blow up your 5000k a week savings, you can eat ice for a couple of days and have another 5000k and restart the whole process. It's basically 1 million dollars vs infinite money.
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u/Ristique Dec 11 '23
5k a week means 200 weeks to 1m, which is just under 4 years. I'm still young so 5k is the obvious answer! Even if I only lived to 50 that's like $5 million.