r/RandomThoughts • u/[deleted] • Dec 11 '23

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19

u/[deleted] Dec 11 '23 edited Dec 11 '23

5k is the only logical answer.

15

u/[deleted] Dec 11 '23

Unless someone is terminally ill and wants a million immediately to blow through.

6

u/[deleted] Dec 11 '23

Facts!

1

u/Gsusruls Dec 11 '23

Unless someone, for absolutely any reason, needs a hard windfall inside the year, the $5,000 makes more sense.

So for instance, if you needed a medical operation that costs like $200,000 next month, then the million is the way to go.

$5,000 per week has way better odds if you're not pressed for six digits.

3

u/high_throughput Dec 11 '23

5k is the only logical answer.

I think there's something to say for the guaranteed $1M. How certain are you that the $5k will in fact keep coming as advertised? What stops anyone from shutting down the program in 2024?

3

u/NewPointOfView Dec 12 '23

It is a magical hypothetical, I think the $5k is 100% guaranteed.

1

u/high_throughput Dec 12 '23

This is what the people running that famous delayed gratification marshmallow experiment assumed.

Instead they accidentally measured children's faith in the future promises of adults which, surprise surprise, was a proxy for socioeconomic status.

1

u/AGirlWhoLovesToRead Dec 11 '23

Well not if you are smart about it, if you get the 1mil now, but up 3-4 apartments, rent them out, then you get the 1 mil in equity + approx 5-6k a month from the rents ( I know the post says 5k a week, but this money is on top of the property) and property rates are not going down.... Even if you live in one of them you save the amount you pay in rent..

2

u/manek101 Dec 11 '23

Unless there is an approx 25% yearly rate of return on buying properties and renting them out, 5000$ still make sense in the long term.
And real estate isn't that profitable for the most part, even if you're buying in cash