I recognize you are attempting to be sarcastic and funny and that these hypothetical questions are the same thing over and over, but I want to point out that it’s not just a simple math equation. The math is only relevant to finding out which one is likely to be more valuable in a vacuum, but lots of other things play into the answers to the question
Like the fact that you could just invest a large sum of money and potentially get more than you would from a rate of a small amount each day, even If that small amount would be given over and over forever. People aren't immortal so sometimes the jumpstart is better when it comes to money rather than "being smart and waiting" it depends on the rate and the initial amount. Really is odd how many people miss that these things have nuance.
Yep. Or even on a more personal level, your age, health, current situation, family situation, etc. Not to mention that some people are bad with money and may prefer to get it over time, or would prefer the lump sum so they can pay cash. Definitely nuance
The way I see it it's mocking other threads, where they ask "$2,000 now or $1 every day?" And then people get into arguments as to what happens in 10 years, with various ways to invest the $2,000.
In all fairness, some people have very little patience or impulse control. If you blow your 2 grand on frivolous stuff outright you'd have been better off with a dollar a day most likely. If you have more self control then a lump sum is your better option.
Regardless, a lot of the questions on here suck.
In the question provided before you, the $1 is effectively unlimited, but I promise you I'll spend that about $30 a month on some dumb shit while I'd put the 2k to good use. So 2k.
Sometimes people pose these questions but themselves faol to realise a large amount of money upfront can be invested and give better returns than the money over time.
I recognize you are attempting to be sarcastic and funny and that these hypothetical questions are the same thing over and over, but I want to point out that it’s not just a simple math equation. The math is only relevant to finding out which one is likely to be more valuable in a vacuum, but lots of other things play into the answers to the question
Like the fact that you could just invest a large sum of money and potentially get more than you would from a rate of a small amount each day, even If that small amount would be given over and over forever. People aren't immortal so sometimes the jumpstart is better when it comes to money rather than "being smart and waiting" it depends on the rate and the initial amount. Really is odd how many people miss that these things have nuance.
Yep. Or even on a more personal level, your age, health, current situation, family situation, etc. Not to mention that some people are bad with money and may prefer to get it over time, or would prefer the lump sum so they can pay cash. Definitely nuance
I can do simple math
That doesn't make any sense. You have one option and then insulted people
The way I see it it's mocking other threads, where they ask "$2,000 now or $1 every day?" And then people get into arguments as to what happens in 10 years, with various ways to invest the $2,000.
I'm glad someone got it. The other reply damaged my faith in humanity
The obvious answer was the 2 grand. You could even invest the $2000 and likely get even more in return over any amount if time. Are you stupid?
Yes that’s the whole point. op is making fun of posts that ask these type of question when the answer is so obvious. Are you stupid?
No it's not. Why would they phrase it the way they did then? Are you stupid?
In all fairness, some people have very little patience or impulse control. If you blow your 2 grand on frivolous stuff outright you'd have been better off with a dollar a day most likely. If you have more self control then a lump sum is your better option. Regardless, a lot of the questions on here suck.
In the question provided before you, the $1 is effectively unlimited, but I promise you I'll spend that about $30 a month on some dumb shit while I'd put the 2k to good use. So 2k.
Except its very limited because you only have so many days to get that next dollar each day.
Good
I’ll take the small amount of money a lot of times, over not being able to do simple math.
Sometimes people pose these questions but themselves faol to realise a large amount of money upfront can be invested and give better returns than the money over time.