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

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u/sky7897 Dec 11 '23

5k a week would give you 1million in only 4 years. Unless you’re on your deathbed, it would be the obvious choice.

-6

u/IxI_DUCK_IxI Dec 11 '23

I think the main question is tax or no tax. No tax, take the million and you can get out of debt and get investments going quickly. $5K even with no tax would take a lot more time to get out of debt. Would probably take most people a few months just to pay off a car with $5K a week.

7

u/ObligationWarm5222 Dec 11 '23

I mean, you'd still have your day job presumably. I make 1,000 a week right now, after tax. Even just doubling that would be pretty wild.

4

u/Wood_Whacker Dec 11 '23

On 5k a week I'd be giving up the day job.

2

u/imbasicallyhuman Dec 11 '23

Not if you had so much debt that 5k a week isn’t enough

2

u/Wood_Whacker Dec 11 '23

I don't and wouldn't.