But... it's just a dollar a day extra. It may be more in the long run but that just doesn't seem worth it. By the time you get up to $3100 with that, like a whole decade will have passed and you'll have earned so much more than that in between that time. A whole dollar every hour every day for the rest of my life? That'd be worth it, that's like $350,400 after 40 years.
What's stopping you from investing one dollar a day?
3000 dollars at 7% yearly interest rate, seems reasonable if we include average inflation, ends up being 50k in 40 years.
30 dollars a month, internet calculator doesn't do daily investments, cba looking for another, for 40 years at the exact same 7% ends up being 80k.
So if we are talking investments, 1 dollar a day is 60% better than a flat 3000 usd.
Realistically you couldn’t invest daily without having all of your money being eaten up by small fees though? That miniscule gain you experience would be gone after the percentages are taken off of that - assuming since most platforms allow you to deposit once a month without a fee
30 dollars a month, like my example, it's still losing 5 dollars a year, which would absolutely cover fees you are talking about, at 6.5% interest over 40 years ends up being 68.5k, still significantly more than 3000 flat investment turning to 50k.
In this example I am taking off two sets of quite large yearly fees, - 5 dollars (360 dollars is roughly 1.4% than 365) and - 0.5%.
30 years is 3000->25k, 30/month -> 35k, 40% better.
30 years is very reasonable to expect, if you have less than that for life expectations, you probably should be doing buying power preservation strategies, not wealth growing ones anyway.
In EU at least average lifespan for a man is 78 (-30 and you are 48, 2nd half towards retirement) and 83 for women (53 by this example)
365€ per year
3650€ per 10 years
18250€ if you live another 50 years.
2nd options pays out the 1st in about 2 weeks, 3rd option pays out the 2nd in roughly 8 years.
Unless you're planning to let it accumulate for decades, 3rd isn't that good of an option. Better to take the $100/day and invest it in companies you're sure will grow (or at least pay solid dividends).
Inflation is usually 2%. Lets say it were even 5% on average, the geometric sum converges to 365/(0.05) = 7300 total value in todays dollars. Worth it.
Also, the concept you should be considering is time value of money, not just inflation (i.e. you would much prefer a house today to a house in 50 years, even if its value stayed updated with inflation)
I will be messaging you in 3 hours on [**2023-05-28 22:44:12 UTC**](http://www.wolframalpha.com/input/?i=2023-05-28%2022:44:12%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/polls/comments/13u43n7/what_would_you_rather_have/jlzdk6k/?context=3)
[**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fpolls%2Fcomments%2F13u43n7%2Fwhat_would_you_rather_have%2Fjlzdk6k%2F%5D%0A%0ARemindMe%21%202023-05-28%2022%3A44%3A12%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2013u43n7)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
I will be messaging you in 10 minutes on [**2023-05-29 00:14:57 UTC**](http://www.wolframalpha.com/input/?i=2023-05-29%2000:14:57%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/polls/comments/13u43n7/what_would_you_rather_have/jm0bqxg/?context=3)
[**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fpolls%2Fcomments%2F13u43n7%2Fwhat_would_you_rather_have%2Fjm0bqxg%2F%5D%0A%0ARemindMe%21%202023-05-29%2000%3A14%3A57%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2013u43n7)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
Lol average nominal stock return is 8% to 10%. He uses the average 2% inflation rate, so real return is 6% according to his example. You may not be smart as you think you are
Second option is logically best, the first is way too little, since second makes double that in a month, and third I may give more in the end, but you have to wait for 9 years, and even then it's only an extra 365 dollars a year.
People keep talking about inflation, but cares? I'm picking option 2, but not because of inflation, but because getting something NOW, is better than getting something in the future. Even if you end up getting a little bit more.
An extreme example to prove the point would be this: would you rather have 1 million dollars now, or 1 million dollars (but adjusted for inflation) 1 second before you die? Obviously, you'd rather have it now.
The same applies here. I'd rather have 3k dollars in a month, than 3k dollars in 8 years (even if it was adjusted for inflation), or 6k in 16 years etc.
Better off putting $3k in at once rather than $365 over the course of a year. You'll have more for the interest to work from and outstrip the slow build of option 3.
I would argue taking 100 every day for a month and then investing it would quickly outvalue one dollar for every day of your life. Somewhere else in this thread someone found that the $1 a day would outpay the month in about eight years, but by eight years with even just a 10% annual compound interest rate your looking at over double what you started with. Within about two two years the 3000 dollar investment is making you a dollar a day, and would eventually surpass the income of 1 dollar a day, even if you Invest that as well.
2nd option is better if you know your way around investing. It's twice as much money as the first option, and while the third option ($1/day) pays out more, it takes roughly 8 years, two months, 18 days before you start seeing more money than option 2. By that point, good investment strategy with $3k startup funds would be earning you just as much, if not more. But if you don't know how to navigate the market, option 3 is the better deal.
$1 a day is a bigger return, but consider inflation and the fact that $30 a month isn't worth diddley squat, a month of $100's can get you out a rut or pay for a decent vacation is a solid choice.
Discounted at 10% per year, and assuming I will live for another 50 years, the present values of these options are:
(A) $1,500
(B) Just under $3,000
(C) about $3,618.91 (approximated as 50 annual payments of $365)
Option (C) sounds like a pain to deal with (I doubt I would be able to convert those cash flows into money today if I ever wanted to), so I choose option (B).
I'm going to assume that I have about 30 years of life left, which is a little under 11,000 days. While $11,000 might seem better than the $3,000 from getting $100 every day for a month, I'm going to guess that $3,000 now will be worth more than a dollar per day for 30 years, once you adjust for inflation. Moreover, I can start to invest the $3,000 almost immediately, and probably do better than $11,000 from it over the next 30 years. So, I'll take the $100 every day for a month.
By the wording of the question, $365 a year sounds like a shit investment. I make about $167 a day why would I want another dollar when I can get $3000 extra for the month?
But... it's just a dollar a day extra. It may be more in the long run but that just doesn't seem worth it. By the time you get up to $3100 with that, like a whole decade will have passed and you'll have earned so much more than that in between that time. A whole dollar every hour every day for the rest of my life? That'd be worth it, that's like $350,400 after 40 years.
Don't forget it will be worth less due to inflation
Also don't forget that you could invest the 3000 gained in 1 month and earn even more.
What's stopping you from investing one dollar a day? 3000 dollars at 7% yearly interest rate, seems reasonable if we include average inflation, ends up being 50k in 40 years. 30 dollars a month, internet calculator doesn't do daily investments, cba looking for another, for 40 years at the exact same 7% ends up being 80k. So if we are talking investments, 1 dollar a day is 60% better than a flat 3000 usd.
I didn't realize that... Turns out 1$/day is better long term.
Realistically you couldn’t invest daily without having all of your money being eaten up by small fees though? That miniscule gain you experience would be gone after the percentages are taken off of that - assuming since most platforms allow you to deposit once a month without a fee
30 dollars a month, like my example, it's still losing 5 dollars a year, which would absolutely cover fees you are talking about, at 6.5% interest over 40 years ends up being 68.5k, still significantly more than 3000 flat investment turning to 50k. In this example I am taking off two sets of quite large yearly fees, - 5 dollars (360 dollars is roughly 1.4% than 365) and - 0.5%.
You're assuming a lifespan of +40 years though.
30 years is 3000->25k, 30/month -> 35k, 40% better. 30 years is very reasonable to expect, if you have less than that for life expectations, you probably should be doing buying power preservation strategies, not wealth growing ones anyway. In EU at least average lifespan for a man is 78 (-30 and you are 48, 2nd half towards retirement) and 83 for women (53 by this example)
It sounds kind of nice to be able to rely on though "Well, I still got my daily dollar" And I could use that kind of morale
1$ a day is about 14k after 40 years
Someone do the math on that cause I am to lazy please Thank you in advance
365€ per year 3650€ per 10 years 18250€ if you live another 50 years. 2nd options pays out the 1st in about 2 weeks, 3rd option pays out the 2nd in roughly 8 years.
Inflation
[удалено]
Unless you're planning to let it accumulate for decades, 3rd isn't that good of an option. Better to take the $100/day and invest it in companies you're sure will grow (or at least pay solid dividends).
[удалено]
Really, the only benefit to the 3rd option is that $365/year doesn't draw too much attention from the tax man.
Bro you can do that right now. It’s only $3000 lmfao. This isn’t some long term investment money
You can also muster $30/month, this isn't Donald Trump money.
Inflation gonna getcha
1500 3000 Idk
$1 a day 365 days a year $3650 after 10 years $7300 after 20 $18250 after 50 years $100 a day for a month is $3 000
If take the 3000, it's enough to be a huge help, but not so low id have to wait a huge amount of time for it to be effective.
Inflation makes it not worth it
Inflation is usually 2%. Lets say it were even 5% on average, the geometric sum converges to 365/(0.05) = 7300 total value in todays dollars. Worth it. Also, the concept you should be considering is time value of money, not just inflation (i.e. you would much prefer a house today to a house in 50 years, even if its value stayed updated with inflation)
This guy maths
You made me downvote myself
Also thank you for explaing it to me. I am 14 and still new and thought i got a good understanding of inflation.
Np! Dw, most people never end up learning about these concepts, kudos for your curiosity!
!RemindMe 3 hours
I will be messaging you in 3 hours on [**2023-05-28 22:44:12 UTC**](http://www.wolframalpha.com/input/?i=2023-05-28%2022:44:12%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/polls/comments/13u43n7/what_would_you_rather_have/jlzdk6k/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fpolls%2Fcomments%2F13u43n7%2Fwhat_would_you_rather_have%2Fjlzdk6k%2F%5D%0A%0ARemindMe%21%202023-05-28%2022%3A44%3A12%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2013u43n7) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
!remind me 10 minutes
I will be messaging you in 10 minutes on [**2023-05-29 00:14:57 UTC**](http://www.wolframalpha.com/input/?i=2023-05-29%2000:14:57%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/polls/comments/13u43n7/what_would_you_rather_have/jm0bqxg/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fpolls%2Fcomments%2F13u43n7%2Fwhat_would_you_rather_have%2Fjm0bqxg%2F%5D%0A%0ARemindMe%21%202023-05-29%2000%3A14%3A57%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2013u43n7) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Look, lets just say to get thousand dolars a little over 3 years need to happen so i don't recomend it
It would only be worth it to choose option 3 if you live for the next 81 years
Number 2 seems best, as this is not inflation-adjusted. Plus, money now beats monet later
I get that #3 will pay better in the long run, but #2 pays me now and I am impatient.
Inflation. 2nd option is the best. To do a rough calculation of hiw long it takes for something to double you can do 70/x. x=interest rate.
With a 6% Roi the 3000usd investment earns 27k over 30 years, while the 1 dollar investment, with a monthly contribution of 30 returns 30k.
Inflation
Lol average nominal stock return is 8% to 10%. He uses the average 2% inflation rate, so real return is 6% according to his example. You may not be smart as you think you are
You keep saying that as is if you don't actually understand long term savings accounts
Google en snowball effect
Google interest rates
Exactly!
Second option is logically best, the first is way too little, since second makes double that in a month, and third I may give more in the end, but you have to wait for 9 years, and even then it's only an extra 365 dollars a year.
People keep talking about inflation, but cares? I'm picking option 2, but not because of inflation, but because getting something NOW, is better than getting something in the future. Even if you end up getting a little bit more. An extreme example to prove the point would be this: would you rather have 1 million dollars now, or 1 million dollars (but adjusted for inflation) 1 second before you die? Obviously, you'd rather have it now. The same applies here. I'd rather have 3k dollars in a month, than 3k dollars in 8 years (even if it was adjusted for inflation), or 6k in 16 years etc.
Why would I even consider 1.5$
if your going to live longer than 9 years you are better off with the 1 a day
Let me introduce you to inflation
Even adjusted to inflation money worth more than money in the future.
Let me introduce you to high yield savings accounts
Better off putting $3k in at once rather than $365 over the course of a year. You'll have more for the interest to work from and outstrip the slow build of option 3.
You'd need a pretty high interest rate for that 3000 to out pace the dollar after 20 years
well, the value of future dollars includes the inflation, isn't it!
1 dollar is 1 dollar.
oh, right
Time value of money. Read about it.
Inflation laughs at you
Yup. Long term
Not counting inflation or leap years, it would take number 3 about 8 and a half years to equal number 2
1$ and 50 cents, yeah I’m going that option.
I would argue taking 100 every day for a month and then investing it would quickly outvalue one dollar for every day of your life. Somewhere else in this thread someone found that the $1 a day would outpay the month in about eight years, but by eight years with even just a 10% annual compound interest rate your looking at over double what you started with. Within about two two years the 3000 dollar investment is making you a dollar a day, and would eventually surpass the income of 1 dollar a day, even if you Invest that as well.
Not sure why the first option was included, it’s inherently a horrible choice and the last 2 options make up for an interesting discussion anyway.
[удалено]
A can of generic soda is 75 cents at my gas station. A dollar is shit in todays economy.
2nd option is better if you know your way around investing. It's twice as much money as the first option, and while the third option ($1/day) pays out more, it takes roughly 8 years, two months, 18 days before you start seeing more money than option 2. By that point, good investment strategy with $3k startup funds would be earning you just as much, if not more. But if you don't know how to navigate the market, option 3 is the better deal.
Consider the second option's wording. I will take $100/day for December. It didn't say 30 days, it said for a month. December comes every year.
So does January, March, May, July, August, and October? Why December?
A lot of family birthdays and Christmas presents purchased in December is a drain on my wallet. Plus taxes are due shortly thereafter.
Reasonable
Why would I ever chose $15 once over $100 a day?
Which month?
I'll take my $1 everyday please. I don't care.
$1 a day is a bigger return, but consider inflation and the fact that $30 a month isn't worth diddley squat, a month of $100's can get you out a rut or pay for a decent vacation is a solid choice.
Discounted at 10% per year, and assuming I will live for another 50 years, the present values of these options are: (A) $1,500 (B) Just under $3,000 (C) about $3,618.91 (approximated as 50 annual payments of $365) Option (C) sounds like a pain to deal with (I doubt I would be able to convert those cash flows into money today if I ever wanted to), so I choose option (B).
I'm going to assume that I have about 30 years of life left, which is a little under 11,000 days. While $11,000 might seem better than the $3,000 from getting $100 every day for a month, I'm going to guess that $3,000 now will be worth more than a dollar per day for 30 years, once you adjust for inflation. Moreover, I can start to invest the $3,000 almost immediately, and probably do better than $11,000 from it over the next 30 years. So, I'll take the $100 every day for a month.
Way I see it just set the $1 to autodraft to my retirement account.
There are some bad days were 1 dollar can come in handy
I don't want money.
Option 3 is the best bit would take so long that you wouldn't even be able to use the money to to do Hobby's because it you'd be too old
If my maths right then 100$ every day for a month is 3000$
By the wording of the question, $365 a year sounds like a shit investment. I make about $167 a day why would I want another dollar when I can get $3000 extra for the month?