At a seminar, the question was asked – “Would you rather have a huge sum of cash now or smaller chunks over a period of years?” Great question; varied answers. Today versus tomorrow; certainties versus uncertainties are the essence of this hypothetical question. For a person with a statistical mind, he/she would do the math on the present value of money in comparison to the future value of the cash! Whew: my head is spinning! Admittedly, a discussion with your accountant, enrolled agent, or financial analysis may be needed. However to a selected group, they ask, “Why make the simple stuff complicated? It is either now or later. Should this question encounter a sprinkling of dazzled words or the brilliance of facts? Is brilliance always the charm? Sometimes, we have to be brought down to earth; to reality. Forget the hypothetical factors and investment strategies. Deal with the certainty! So a seminar respondent gave us some practical advice. Let me cut through the chase classmates. “If the cash is in your hand, take it! It’s a sure thing! You don’t know what tomorrow will bring!” In other words, you can’t count what you don’t have! “A bird in the hand is worth two in the bush.” Stop dealing with the “what if’s” when you can deal with reality. If this was real, most folks would be at the bank with the check in their hands before you could count to ten! Excuse me; Get out their way, if you don’t want to get ran over! That my friend is the reality!
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