LUMP SUM vs MONTLY PAYMENTS
- By MR-D-ROB
- The Cookout
- 31 Replies
I have always said anything less than 6 figures per individual is not enough.
If reparations were to ever get passed, would it be preferred to receive a one time lump sum and if so for what amount?
Or
Receive a monthly payment amount spread over several years?
My preference would be a monthly payment of at least $1,000 to be given for at least 20 to 25 years. For 25 years this would equal to $300k.
Continue working as if you weren't receiving the money and save and invest it wisely
Invested wisely this would build generational wealth.
Imagine passing on a house paid off to your child and $300k to start. This would seriously redistribute the power structure within a single generation!
If reparations were to ever get passed, would it be preferred to receive a one time lump sum and if so for what amount?
Or
Receive a monthly payment amount spread over several years?
My preference would be a monthly payment of at least $1,000 to be given for at least 20 to 25 years. For 25 years this would equal to $300k.
Continue working as if you weren't receiving the money and save and invest it wisely
Invested wisely this would build generational wealth.
Imagine passing on a house paid off to your child and $300k to start. This would seriously redistribute the power structure within a single generation!