Question: If you had the choice of receiving a lump sum of money (in the form of 5,000,000 dollars) or receive a penny a day (with the amount doubling each day), which option would you choose?
Yes, you would get the 5,000,000 dollars TODAY! So… let’s say you chose to receive the lump sum in the form of 5,000,000, tell us why you choose this option. What would you do with the money you received?
As a bonus: Let’s say you chose the second option, and that is to wait. Why would you choose this option?
1. How much money would you have at the end of the month if you chose the 1st option (a penny a day with the amount doubling each day)?
2. How much money would you have at the end of the year if you chose the 1st option (a penny a day with the amount doubling each day)?
Anyone who can come up with the correct answer for Question #1 or Question #2 will receive a free copy of Just on the Brink of Success (due to be released in February).
Good luck, and feel free to inbox me if you have any questions. I’ll give you one week to submit your answers.
I would choose a penny a day doubling every day. I did the math for 31 days, was going to do it for the whole year but my calculator couldn’t handle it… This is a great question Marcus, because I was going to say the $5M at first glance of the question… I immediately thought of how my investments could make the $5M turn over a limitless amount of times. But when I looked at the numbers for the pennies I was shocked.
Alright Lynn…. It is indeed an eye opener!