Yeah, it comes to a point when the prize is large enough that getting it in installments won’t make a difference vs getting a lump sum in terms of immediate need/gratification. $3M is an absurd amount for just 1 month.
I’m old enough that I’d probably not have to work again after receiving that first month’s payment. I definitely wouldn’t need to work after month 2 even with going on an annual holiday.
Taking the monthly payment also has another advantage. You can financially fuck up and you’ll be able to start again next month. Provided you don’t start borrowing money based on your future income you’ll be fine.
Yeah, it comes to a point when the prize is large enough that getting it in installments won’t make a difference vs getting a lump sum in terms of immediate need/gratification. $3M is an absurd amount for just 1 month.
I’m old enough that I’d probably not have to work again after receiving that first month’s payment. I definitely wouldn’t need to work after month 2 even with going on an annual holiday.
Taking the monthly payment also has another advantage. You can financially fuck up and you’ll be able to start again next month. Provided you don’t start borrowing money based on your future income you’ll be fine.