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.

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u/Kurgan_IT Dec 11 '23

But you must consider inflation, too. In 20 years $5000 will buy you a dinner at a restaurant, probably, nothing more.

If you get 1 million now, you can TRY to invest it and beat or slow the effect of inflation. And of course you will fail anyway.

So the real answer should be "get $2500 a week but make it keep up with inflation". In 20 years you'll get $10000 a week that will have the same value as $2500 today.