Would You Rather Receive $1 Million Or Get $0.03 A Step?
If you were presented with the option to take a $1 Million lump sum or $0.03 for every step you took, which would you take? This question was asked on Reddit and the answers varied, with great responses as to why they chose it.
I’d Take The $1 Million
Eight thousand people responded to the post. 3.5 thousand people chose to take the lump sum of $ 1 million instead of the $0.03 per step.
A lot of the responses was due to people not motivated to walk that much. People also said they would take the $1 million and find ways to invest it to make more money. Someone did the math and said that if you took 10,000 steps per day, that would only net you $108,000 a year. It would take you almost 10 years to go barely over $1 million. So it makes sense to take the whole amount at once and not walk for 10 years to get there.
Some people said if you walked 50,000 steps in a day, which is completely ridiculous, you could make almost $550,000 a year. Then in two years, you’d be over the $1 million mark. That doesn’t take into account your spending. You wouldn’t be able to spend a cent in order to make that. Someone made a valid point and said at one point in your life, you won’t be able to walk. Then you’re not making any money.
I Would Do The $0.03 Per Step
Of the eight thousand people who took the poll, more people would take the $0.03 a step instead of the lump some of $1 million. About 4.4 thousand said they’d take steps. Why?
People were saying it forces you to stay active and healthy. Taking the $0.03 a step forces you to walk more. In addition, when taking the $0.03 a step, you can continue to make money, until you can’t walk anymore. People in places like New York immediately said the steps. Because their entire day and lives are spent commuting by walk, so to them, they’re making money to live their daily lives.
In the end, I’d personally take the lump sum. I’m impatient and would find ways to take that $1 million and invest it into something to make me another $1 million quickly. What would you do?
We have more on this story in today’s edition of a Few Things You Should Know!