This popped up on my FB newsfeed, today. The majority of people responded with $5K per month. I thought it might be fun to see what people said on this forum. Here are some of the "best" answers from the shared image on FB:
"take $5mil and used 100000 per year"
"5k a month it's so easy to blow 5mil if you haven't had money like that"
"Monthly 5 Grand. I have Good willpower & Would Make it Last. Pay Bills, buy Stuff My Baby Girl Needs, Buy Food & w/e I Need 4 Myself, Send $$ 2 My Boys & Throw whats left in2 Bank Accounts"
"If you're answer isn't automatically $5M and you can't see all the reasons why that just makes more sense, then you probably are better off with just the 5K monthly."
"I would want a good paying job and peace that sounds better .. (With vacations and holidays off )"
So, which would you rather?
I'm taking the $5M, investing it in a 70/30, stock/bond portfolio, and living on a couple hundred thousand a year for the rest of my life.
"take $5mil and used 100000 per year"
"5k a month it's so easy to blow 5mil if you haven't had money like that"
"Monthly 5 Grand. I have Good willpower & Would Make it Last. Pay Bills, buy Stuff My Baby Girl Needs, Buy Food & w/e I Need 4 Myself, Send $$ 2 My Boys & Throw whats left in2 Bank Accounts"
"If you're answer isn't automatically $5M and you can't see all the reasons why that just makes more sense, then you probably are better off with just the 5K monthly."
"I would want a good paying job and peace that sounds better .. (With vacations and holidays off )"
So, which would you rather?
I'm taking the $5M, investing it in a 70/30, stock/bond portfolio, and living on a couple hundred thousand a year for the rest of my life.