Ok $25k A Month FREE, for life With A few simple conditions!

I would accept for a while, only because l believe that l could increase it at the casinos!

And as long as there was no one looking over my shoulder, or they could access cameras, l should be able to pocket an extra $10,000 a month in cash!

Need a big mattress, but with the research l have done, l believe it could be achieved!


But since this is hypothetical, l don't know why l am getting so serious?


Shane

Are the conditions only being set for the sum offered. Other money of my own, or from other sources is exempt? If so, sign me up. Accepted gratefully!

Am I allowed to spell aloud (sic) correctly?

So, I'm guaranteed $300,000 per year for life, adjusted for inflation, and I can volunteer my time in any way I see fit provided I don't profit from it? I'm unchained from the trappings of the dollar to be or do whatever I want with my life? Maybe I'm tired, but I don't see a downside.

The first thing I'd do is open a vacuum store directly next door to Claude's and give away vacuums for free. If he moved, I'd move with him. Around every corner he turned, I'd be there, vacuum cleaner in tow, stroking the homeless cat that he's never been able to befriend.

Once he was broken and all that was left was the shivering, slumped shell of the man that once was, I'd drift off into the sunset a contented man.

Or

I'd move to the beach and buy a couple jet skis. Jet skis are fun as shit.

i'll take the money, very similar to my present lifestyle

pity it is just a monopoly game

You'd better hope they do. If everyone accepted, meaning nobody could work for themselves or others, you'd probably have to make those dollar bills edible, wearable - and large enough to shelter under.

Or more likely, we'd end up bartering for products and services - making the $25K payments redundant. But constant bartering would be too restrictive, so someone would come up with the idea of using, say, turnips, as a currency - only they'd be too large and heavy to carry around, so we'd agree on a turnip token that would represent the turnip. Then turnip banks would emerge to lend more turnip tokens against the turnips they held in their vaults. But they'd lend more than the value of their turnip stock, causing the currency to be devalued, leading to a boom in the grow-your-own-turnips market and a Turnip Rush resulting in a run on the turnip forcing the government to license turnip growers and pass laws against unauthorised turnip farming, creating a turnip black market in which, eventually, a single turnip could fetch a price of the equivalent of $25K and everyone would have to survive on one turnip per month.

Of course, I could be overthinking this.



.

I'd take it in a heartbeat -- as long as there's no "fine print" you haven't revealed. I live well enough now, but I've had very few months where I've made that much. A couple could retire very nicely on that.

Where do I sign up?

I would most certainly accept! With 25K a month I can travel, explore and have enough money to live comfortably. To prevent boredom I would volunteer to help the less fortunate, like going door to door to raise money or help at a dog shelter... I have no desire to earn more than this

lanfear - You're putting way more thought into this than any of us likely have. It took longer to type my response than I spent coming up with the answer.

The main issue for me would be that I am not allowed to save or invest any excess money. This would be OK if I am on my own but I have a family and don't want the tap to be suddenly turned off when I am gone.

No way! I cannot be bought...













.. for less than 100 million dollars.

If I understand correctly, here's what I'd do.

Take it. Have fun. Research things I'm interested in.
Do volunteer work. Save a ton in a mattress.

Then, if and when I wanted to go back into business,
I'd have quite a war chest and a lot of knowledge
to put to use.

There are actually three businesses I'd buy right now
if they would pan out as described. So, I'd probably
buy something like these businesses when I was ready to
turn the faucet off.

Dan

I'd take it in a heartbeat. I'd be allowed volunteer work - and I'd have money to spend on causes I really believe in and sometimes hurts to know I can't help with. I could live in the boonies and still have time to meet people that had like interests. I'd be able to travel the country doing the rock and gem thing I love to do.

Such a proposition is a win/win for me. I don't care about making money - what I do love to do, I'd be able to do for free without qualms. The only thing I would need to change about my goals and needs are having enough already to pursue them full time.

Um.................you never told where we can sign up for this money. I'm ready.

Reminds of my wife always wanting to win the lottery, whereas I always said I wanted to earn it!

Although, I once had a mighty mean cue stick back in the day, and if I'm not mistaken casino's have pool tournaments... might be tempted to take up billiards again. Managed to turn $10 into a hundred or more daily at the age of 14 in a blue collar bar, and loved every minute of it!

On second thought, (or was it the first) I'd decline. Too heavily invested in the thrill of the chase, for me it's not about the money or prestige, it's establishing self-worth on a higher level, and of course having the stones to turn dirt into gold. Plus, I always wanted to be a philanthropist... so maybe one day, I'll propose such an offer to someone, just for kicks... never know.

What's the point of this question? I'm not attacking it, I'm just curious what the OP intends to learn from the answers.

Here's mine... as explained initially, the OP basically just described my retirement plan. So would I take that deal today, knowing that bigger numbers are already on the table this year?

Yes, without question.

In fact, I'd say that anyone who's saying "No" for reasons other than a moral aversion to accepting it either can't do math or has an unrealistic expectation of their earning potential and the costs associated with it.

Let's look at this two ways. First, as a retirement income, in order to net $300k after taxes then (assuming the capital gains tax rate of 15% doesn't change) I'd have to have a secure source of retirement income that returned about $350k a year pre-tax. The only guaranteed way to do this would result in a maximum net return of about 5% interest, which means I would have to have $7 million liquid on the day I retire to draw that interest from; $7 million @ 5% = $350k, take away 15% tax and you're left with roughly $300k).

So, when looking at it from the "retirement" perspective, ask yourself how long it will take you to bank - not MAKE - but BANK $7 million. How much would you have to make to reach the point where $7 million of that number can be tucked away and never spent, so it can be the source of the return that pays you $300k annually? I could make $7 million before the year is over, but how much of that would I actually get to put in my pocket that isn't going to overhead, employee/outsourcing costs, marketing costs, and of course my own existing salary and expenses etc? Maybe $500k of it, if I'm lucky... So, assuming there were NO curveballs ever thrown at me and I was able to do that consistently we're looking at roughly 14 years before I would have $7 million unused dollars in order to draw a $300k retirement income from. And that's ONLY if everything goes exactly as planned.

Or, I could take the OP's deal and start making my target retirement income today, without having to figure out how to make $7 million a year to do it? That's a much better deal.

Here's the other way I look at it ... I'm 35, let's say I'm going to live to be 95. Taking the OP's offer, that's roughly $18 million between now and the day I die. That's cash money, tax-free, and the only "strings" are things I wouldn't be doing anyway if I was retired? I'm not seeing a down side.

Yes, it's significantly less than my "earning potential" - remember, I'll bring in $7 million this year. That's certainly a bigger number than the $300k the OP is offered. And even if I can only tuck $500k of that $7 million away into a dedicated retirement savings, that's STILL a bigger number than $300k. So why is the OP's offer still a better deal? Because his offer, at least given the terms of this experiment, is guaranteed.

Mine isn't.

My plan relies not only on my making the right decisions to produce that income, but also my ABILITY to make those decisions. Economic factors can change that. Personal injury can change that. There are many external factors to consider, along with the cost to make the money. We have a government that seems hell bent on forcing wages up - that makes things more expensive for me. Maybe I can make that $7 million every year consistently, but if the cost of making it continues to rise outside of my control, is it worth it? Is it worth working 8 hours a day 5 days a week to net $300k when I could take that same $300k and skip the rate race? No way.

Anyway, there's my answer. When I was 20 my answer probably would have been "hell no" to taking such an offer... But as you get older you think about money and retirement differently. At least you should. If you've already planned on a certain retirement income and a path to take it early presents itself, take it. I'd much rather exit the race and live the retiree lifestyle while I'm still young enough to do things I won't be able to do when I'm 60 than wait it out.

Claude's post did make me pause to reflect.

When I was a fairly young man, I did have
a very negative experience with unearned money.

Never did get along with my dad and we tried
a lot before I gave up even trying to have a
relationship. (As a related example, he took
it as a personal rejection when I told him I wanted
to put myself through college instead of going on
his dime. Besides my wanting to accomplish this,
I was actually trying to emulate him.)

Anyway, while still trying this tangled relationship,
I accepted an offer of a loan from dad to buy real estate.
(He was a WWII vet and in a profession and tried to push,
and projected, a lot of his materialistic values on us kids.)
So, part of it was him pushing me to have more for my
comfort - and as much for his pride .

It was supposed to be a loan that I would pay back after
I flipped the property. When I tried to pay him back,
he refused to take the repayment.

I went on and did three more investment homes,
but it always bothered me that I did not do it myself.
So, in a process I describe as a spiritual regurgitation,
I sold all the houses and lived an unhappy, dispirited,
unproductive year off the proceeds.

So, now and only speaking for myself, I'd turn it down
because that would be what is best for me and the way
I am built.

The end.

Dan