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Joan Mallery

@joan.mallery

3 years ago
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Posted On: December 23rd 2023, 10:40 pm

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What would you do? Imagine winning the LOTTERY at just 20 YEARS OLD and turning down $1 MILLION in cash for $1,000 EVERY WEEK FOR LIFE! 😳💰🎟️ According to a viral lottery story, a young winner was given two options: walk away with a massive lump sum or receive guaranteed weekly payments for the rest of their life. Instead of taking the million-dollar payday, the winner reportedly chose the weekly payments, sparking a HUGE debate about which option is actually smarter! Here's where the math gets interesting! 🤯💸 At $1,000 per week, that's $52,000 per year, meaning it would take just over 19 YEARS to collect $1 million before taxes. If the winner lives another 60 years, those payments could add up to an incredible $3.12 MILLION! Of course, inflation and investing could change which choice works out better. BE HONEST: At 20 years old, would you take $1 MILLION RIGHT NOW or $1,000 EVERY WEEK FOR THE REST OF YOUR LIFE? 💵👀👇
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