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WYR be sent back to be half your current age with the knowledge you have now, or immediately receive 1 million dollars? (lemmy.dbzer0.com)
submitted 1 year ago by to c/wouldyourather@lemmy.dbzer0.com
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Back in time too, so if you're currently 40, you're heading back to 2005.

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[–] 3 points 1 year ago (3 children)

I thought about that, but state and federal taxes would take anywhere from twenty-few percent, and depending on amount of debt, housing market being run off the rails by investment firms, needing a savings and retirement account... Going back in time may be the more rewarding option, financially and otherwise, depending on personal variables.

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  • [–] 3 points 1 year ago (1 child)

    Yeah, that's a good point. I took it as being a million to spend, but tax would take a big bite, depending on where you are.

    I'm in the UK, so it converts to about £745,000 at the moment. I could buy a nice terraced house that I like for £175,000 and clear my existing mortgage and debts for about £60,000, so would have about half a million to spend. It's a lot, but wouldn't go as far as you'd think.

    I'd still keep my kid though 🙂

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