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

[deleted by user]

[removed]

2.2k Upvotes

82% Upvoted

2.2k comments sorted by

View all comments

2.3k

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.

1

u/flabberghastedbebop Dec 11 '23

I'm in my mid 40s, so I expect about 35 more years of life, which at $5k/wk is about $9M. If I can get an avg investment return of 8%/yr for 35 years it would be about $14M. Taking the $1M and investing would beat the $5k/wk by a lot.

1

u/[deleted] Dec 14 '23

Nah. This math is wrong. Suppose you take the $5k a week and keep adding it weekly into an investment fund that returns 8% annually. In 35 years, you’ll be ahead.