OR

$5,000,000 right now but no restrictions on work/investing in the future.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38395301)

1. $5 million is enough to live on and I'll realistically still make some money.

2. I don't trust that the country won't implode. If you think there's a real chance of that, then picking $20 million and no ability to earn money is idiotic. You may literally end up destitute. With $5 million you can make moves to ensure that you weather any storm.

3. I will be less nervous with $5 million and a realization that I can always make more than with $20 million and a fear that it won't be enough.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38398411)

Per the hypo, you can't do that with the $20 million.

So the way I see it I have a much better chance of not being fucked with the $5 million I can diversify vs. the $20 million I can't. And when you consider that even in the best case scenario you might somehow get fucked, the ability to be "a working stiff" might mean a fuckton.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38398956)

The $20m is a much more stressful and high-risk situation. I'm not sure why I would accept that when $5m is still a ton of money and doesn't entail the risk.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38399015)

If you take the $20 million, you can spend the following amounts per year (inflation adjusted) over 45 years: $262,000 @ 2.25% inflation, $209,000 @ 3.125%, and $166,000 @ 4%.

If you take the $5 million and make Trinity-style 4% withdrawals, you get $200,000 per year (inflation adjusted). This would also have something like a 15% chance of failing by running out of money in a 45-year period.

And that's without taxes. The $5 million scenario would have to pay capital gains. The $20 million scenario wouldn't.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397754)

you need to massively overprovision for longevity and inflation risks with a fixed $20m nominal. if there's any hyperinflation while you are alive, you effectively die/become impoverished.

the option of continuing to work/earn is the only real hedge against these catastrophic outcomes, and it is immensely valuable. the first option has a non-trivial chance of killing you; the second option does not.

plus, there is undoubtedly a huge psychic cost to seeing your $20m get whittled down as you spend it. would be a terrible way to live your last years.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38398043)

And you need to be evenhanded here. For instance, you can't consider the psychic cost of declining balances in one scenario but fail to account for lost leisure in the other.

I can't say much more than that because I don't know how you plan on handling the $5 million scenario over your 60-year period.

However, I think you might be overestimating how often people will be living into their 90s. Life expectancies have been basically flat for quite a while and have even been dropping more recently. Future risks of war, disease, pollution, and social upheaval could mitigate medical advances.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38398675)

Putting aside inflation, 5M is enough for lifetime financial independence, but not enough to stop me from dreaming up new ways to make money (which is a hobby and therefore fun to do).

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38395438)

What's the fucking point of 20M if you can't do anything with it? lol buy a fancier house and some gay European supercar, fucking amaaaazing

Best part of never having to work again is being able to work on cool shit without regard for income security

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397814)

Id buy a farm, with a back 40, grow own food, have chickens, trade the food and chickens for milk cheese and meat with my hippy neighbour and live hapily the fuck ever fucking after.the fucking end oh and id be buried on the hill under the old oak tree out in the back forty, that area that overlooks my lake.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397330)

In the meantime, is there anything they like on Spotify?

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397795)

how would i turn 5 into 15 mill?

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397334)

And taxation.

And inflation.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397782)

edit, wait i didnt see the part about no job ever again ... probably the 5 million.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38397962)

Edit: ok I saw you wanted an explanation

In around 10 years if you can earn 14% on it, 5M turns into 20.

If you think you can put that money to work doing that % return or more and don't have to worry about any other work related responsibilities, I think this is very doable.

You could also be pretty creative with what you have - like put a lot of the 5M into short maturity corp bonds or municipals, use that cash flow to rehab some real estate you purchase off of a bank for cash - some shit like that.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38398457)

the $20 Million choice is meant to symbolize the age of Feudalism/Landholders/Real Property. Their land is their land, and begins as a stock of great power, but as the bourgouis order rises, the old guard spend their time in fear of a revolutionary overthrow of society with new dividend fueled perpetually growing stores of Capitalist Power

the $5 Million choice is symbolic of the bourgousie beginning their rise to power. In the early 1800s they are still weak relatively compared to the Feudal Lords, but they have DREAMS and the TOOLS to get them to limitless power. Capitalism consumes all, even their souls in greed. By its nature they are perpetually hungry.

But the workers know that it is a false choice given by the (((bourgousie))) in an attempt to glorify the masters of today. We the proletariat know that tomorrow beckons with a return to the communal values, pre-capitalism, pre-feudalism, but rather to the dawn of man where the tribe marched together and ate together.

I choose $1,000 A MONTH, harmony, and infinite positive possibilities

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38399277)

Take $20 million. Buy a modest $1-5 million house. Buy $8-12 million of art to put in the house that is primarily to look at and beautify the house, but will also happen to appreciate. Live on the rest.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38399847)

The issue isn't running out of money, it's running out of time.

(http://www.autoadmit.com/thread.php?thread_id=4283812&forum_id=2#38408703)