[Poll] 1 mill or 1 billion

On April 06 2015 23:58 Baalim wrote: Im pretty shocked so many of you would take the million... come on its a thousands time the reward, unless you lived in extreme poverty in a 3rd world country where 1 mill is huge just take the flip

this sort of thinking probably invented russian roulette though, 1m is plenty of money.

it may or may not be enough money to put you ahead enough of the curve that you could just sit on your ass for the rest of your life, but that's not what life is. a chance to be the next dan bilzerian or calligula or something shouldn't be the reason you flip. like you said earlier "donate 500m" - then what was the point of flipping for 1b to begin with?

the thing is 1m is a tangible in-your-wallet amount of money, 1b is really not like that, it has more to do with the motion of money i think, if we talk about flipping for 1b it's about having control of a huge amount of capital so you can make decisions at a large scale.

what i'm saying is 1m would be plenty of money to steer your life in basically any direction you wanted, you could become a doctor, pilot, engineer, recording artist, international lawyer, politician, hotelier, broadcaster. it's not even about careers, you could take the money and use the time to learn how to paint or become multilingual or spend all your time searching for a perfect mate. IMO nobody should be flipping unless they already see something major in the world they think they can change, or have huge/possibly crazy plans somewhere like starting a helicopter airline in switzerland or something. otherwise if you flip and get the 1b and you have no idea what to do with, even after you spend money on a bunch of random shit like edward norton in the italian job, you'll have to send the rest to the bill gates foundation or hire a bunch of people and start your own foundation to manage the money since you have no idea what to do with it

and i think the 1m would be the clear choice even for many millionaires because they would have the same problems, if they don't have really big ideas for what to do with that money, why flip, if you win you have a bunch of money and no use for it, whereas just taking the $1m - in perspective it's a guaranteed house or like a dozen Nissan GTRs or 1000 computers, why would anyone say no to that

1m vs flipping for 1b is not at the level of like calculating whether it's worth your time to bend over and pick up a penny on the sidewalk, it's take the 1m, no contest

On April 07 2015 18:56 tomson wrote: I'd take the flip without any hesitation. I can understand where people choosing the million are coming from though. I also think it's equally likely in both cases to end up broke in a relatively short period of time (as lottery winners prove time and time again). One point why it's worth to have a fortune (and in this case take the flip) that I haven't heard: the future holds amazing technological advances (I'm thinking particularly in terms of health and aging) and we don't live in an entirely stable/peaceful world. A million won't be much in that regard.

interesting view on the future tech. i heard from a co-worker that in japan there are already clinics for billionaires, where they hook u up to a dialysis like machine and just filter/clean boost ur blood.

as for the lotto winners, i think the negative stories always outpaints/outspreads the stories of the several ppl who just won the lotto, told no one and lived happily ever after.

Why would you say no to 1 mil cash? For 500 million in equity of course

in Norway lottery winners very rarely go bankrupt, a large majority of them simply report having a much more convenient (and mortgage free) life.. But part of the prize is a comprehensive advisory program relating to how to spend it responsibly. I think basically everyone buys property for most of the money, and here, not having any significant expenses relating to housing means you only need like half as much money in the future.

There was a study that showed happiness increases with income up until about $75,000/yr income. After that you don't get any more happy the more money you make. So if you make around $50,000 a year then an extra million dollars will pretty much set you for life as you can give yourself an extra $25,000 a year for the rest of your life. So if you go for the billion there's a 50% chance you won't be any more happy and a 50% chance you will be a lot more sad because you could have had a million bucks but instead you got nothing. Lose/draw situation vs a guaranteed win. I'd still flip for the billion though.

On April 07 2015 18:12 Liquid`Drone wrote: Show nested quote + On April 06 2015 23:58 Baalim wrote: Im pretty shocked so many of you would take the million... come on its a thousands time the reward, unless you lived in extreme poverty in a 3rd world country where 1 mill is huge just take the flip 1 mill on top of what I have now means I'm set for life even if I only work 20-25 hour weeks, which to me seems like the ideal amount. If I won 1 billion, I'd still want to work equally much. 1 million would ensure me an extra 10-15 hours of spare time every week for the next 40 years of my life. And I honestly have little interest in the things I can't get for $1 mill + expected income, I guess it'd be nice to go completely foodie crazy and drink shots of 100 year old balsamic vinegar, but I don't really want to live in a huge mansion, I don't want maids, I don't want watches or jewelry, I don't want coke, I don't want strippers or whores, I don't want a private jet or yacht or a ferrari.. I also don't want to spend time investing or managing money, nor do I care much about establishing any business of any kind. Philanthropy would be sweet, but not at the 50% chance of ending up with 0. it's kinda like, to me, if 0 money is worth 0 and 100 billion is worth 100, then $1 million would be worth 80-90. seems like many of you are neglecting that half the time you choose to flip you actually lose and you have to live with knowing that you just gave away $1 million. I also understand that if you have more money than me and different life goals it becomes a no-brainer just the other way around, but for me, it's really not close.

I dont even dream of a lavish life either at all,I dont want a mansion, I dislike jewerly and stupid stuff like that (I would go crazy with cars though lol) but you dont have to be a Dan Bilzerían to like it, it would be nice to never think about money ever again, to be able to arrange vacations to vietnam with some friends etc, or travel by yourself etc, things you wouldnt be able to do with just 1M.

Also I wouldn want to work, fuck that shit... maybe in something creative like Elon Musk kind of thing but have a regular job? heeeeell no

On April 07 2015 23:56 Baalim wrote: it would be nice to never think about money ever again, to be able to arrange vacations to vietnam with some friends etc, or travel by yourself etc, things you wouldnt be able to do with just 1M. Also I wouldn want to work, fuck that shit... maybe in something creative like Elon Musk kind of thing but have a regular job? heeeeell no

not thinking about money and traveling a lot is exactly what i would do if i had $1 million. traveling places like southeast asia/south america/eastern europe is really not expensive at all, or at least it doesn't have to be.

1M vs 1 bil I take flip

10M vs 1 bil I take the 10M

dunno about you guys but 1 million can go a long way into building the future that you want.
business ventures..investments etc etc. Whatever you want. a million can get you there for most cases anyways.

At least get you started on a lot of things.

even if i was significantly wealthier than i was now i'd still take the million without much thought. If i could already do all the things i wanted already then i'd take the flip without hesitation.

Drone Bigredhoss and Yomer already pointed all my thoughts.
You can do shitons of things with 1M. Even in western Europe. I don't know what you guys been smoking lol x)

On April 06 2015 23:33 PoorUser wrote: heads for 1 billion

tails never fails!

On April 07 2015 18:12 Liquid`Drone wrote: I also understand that if you have more money than me and different life goals it becomes a no-brainer just the other way around, but for me, it's really not close.

How much of your $1,000,000 would you give to your loved ones and charity?

On April 07 2015 18:19 Twisted wrote: seems like many of you are neglecting that half the time you choose to flip you actually lose and you have to live with knowing that you just gave away $1 million.

Do you also feel like you "wasted" 400$ when u go allin pre with AA and lose? I would be able to live with it, no regrets

If you settle for your measly million and buy a house and then <insert suitably ironic disaster here> strikes u have to watch people suffer and die but 50% of the time me, my friends and family and charities and random ppl I met on the street (who I gave $1,000,001 just to spite u) will be saving lives because $1,000,000,000

I don't think it's really close. Flip all the way.

On April 07 2015 23:56 Baalim wrote: Show nested quote + On April 07 2015 18:12 Liquid`Drone wrote:   On April 06 2015 23:58 Baalim wrote: Im pretty shocked so many of you would take the million... come on its a thousands time the reward, unless you lived in extreme poverty in a 3rd world country where 1 mill is huge just take the flip 1 mill on top of what I have now means I'm set for life even if I only work 20-25 hour weeks, which to me seems like the ideal amount. If I won 1 billion, I'd still want to work equally much. 1 million would ensure me an extra 10-15 hours of spare time every week for the next 40 years of my life. And I honestly have little interest in the things I can't get for $1 mill + expected income, I guess it'd be nice to go completely foodie crazy and drink shots of 100 year old balsamic vinegar, but I don't really want to live in a huge mansion, I don't want maids, I don't want watches or jewelry, I don't want coke, I don't want strippers or whores, I don't want a private jet or yacht or a ferrari.. I also don't want to spend time investing or managing money, nor do I care much about establishing any business of any kind. Philanthropy would be sweet, but not at the 50% chance of ending up with 0. it's kinda like, to me, if 0 money is worth 0 and 100 billion is worth 100, then $1 million would be worth 80-90. seems like many of you are neglecting that half the time you choose to flip you actually lose and you have to live with knowing that you just gave away $1 million. I also understand that if you have more money than me and different life goals it becomes a no-brainer just the other way around, but for me, it's really not close. I dont even dream of a lavish life either at all,I dont want a mansion, I dislike jewerly and stupid stuff like that (I would go crazy with cars though lol) but you dont have to be a Dan Bilzerían to like it, it would be nice to never think about money ever again, to be able to arrange vacations to vietnam with some friends etc, or travel by yourself etc, things you wouldnt be able to do with just 1M. Also I wouldn want to work, fuck that shit... maybe in something creative like Elon Musk kind of thing but have a regular job? heeeeell no

teaching is one of the most rewarding things I can do, I absolutely love it and want it to be part of the rest of my life. Problem is that the workload for a full time teacher job is so big that doing a great job (which is way more rewarding) is really exhausting, and as it's salary based there's no overtime.

50% though, that'd be absolutely awesome, and $1mill would make that happen.

it's kinda like, $1mill is around the breaking point for me. That's sufficient for me to never have to worry about money again, and a 50% chance of getting 0 would be too rough. If the options were $100k or flip for 1 mill, I'd do the flip, even though that's just 10x the amount as opposed to 1000x, I just don't see that much utility in money beyond that, and a LOT of utility up until 1 mill.

flip for a billion,

Sell some action

[x] profit.

i agree with handy actually
sell your action lolol

On April 08 2015 17:42 handy23 wrote: flip for a billion, Sell some action [x] profit.

LOL we're all retarded, how did it take 60 posts for someone to figure this out

that's undermining the spirit of the hypothetical yo~

On April 08 2015 17:42 handy23 wrote: flip for a billion, Sell some action [x] profit.

omg yes hahaha

the 499 million dollars of equity regret once you blow your petty million on drugs and whores in a few years.