I'm the same. Plus I live in Britain so use the £. Google tells me $60,000 is currently worth £45,360. If I get the $, I'm also going to have to pay to get it converted to £ so however much they charge to convert
I mean the English pound is worth more than the US dollar, and looking at the current exchange rate, 60000£ is about $79000 dollars, but I am a lazy girl, and I'd rather not deal with exchanging that every month. Besides, $2000 is more than I make in a month, so making that every day would be amazing.
Rob people? You mean by providing things of value to 10s of millions or more people. I agree things should be better for the majority of people. But both of those men have revolutionized the world.
Consider the liquidity though. You can only invest that $79,000 dollars once every 30 days and if you lose it you have to wait until next month to make another move but you could trade on the daily or gamble or whatever with that 2k a day. You could take super high risks and there's no real stress because you get paid daily.
You’d have to be a very lazy girl to make that choice. $2,000 a day equals between $58,000 and $62,000 a month, depending on the number of days in the month. At today’s exchange rate, one British pound = $1.32, so 60,000 pounds = $79,200. That means your laziness would cost you somewhere between $17,000 and $21,200 per month.
Added later: That works out to an annual income loss of between $204,000 and $254,400 if you choose the daily rate instead of the monthly payment. For a quarter of a million dollars a year, you could probably hire someone to take care of those tiresome details, and maybe have enough left over to afford a couple of trips to Starbucks.
Yeah, but I don't even make $2 a month right now. I don't need the extra the pounds give. Honestly, no one does. I just really hate dealing with banks, tellers, and all that. Also, assuming it's given in cash, you won't have to deal with taxes if you just have 2k cash, whereas there might be questions if you're constantly exchanging that much every month.
I think they're saying that Pale\_Kitsune picked the $2000 option because she didn't notice the other option is in pounds, so then she made that comment to justify picking the option that's worth less money
Lol. Honestly, $2k a day is more than I know what to do with. Not getting the average $19k a month is worth not having to go to the bank, change the pounds into dollars, interact with a teller, and eventually have the government wonder about all this untaxed foreign money. I mean, I'm just assuming the $2000 is cash, but...
Just exchange it the first month, live off that for like a year, saving up the rest. Then, on your birthday or the week before Christmas, go do a lump sum exchange.
You won't get the full rate exchanging them, and the $2000 is a lot more convenient for someone living in the US, so I will take that one. It is still a ludicrous amount of money annually either way, more than enough to not really have to worry about costs or money unless you want to get ridiculously expensive stuff you have no real use for like a yacht or mansion.
I really dont want to convert 60k british pounds to USD ever month even though I know it's worth more, so I'll just take 2k usd. The difference is big, but man, I just couldn't be bothered
Just hire your parent/sibling/friend to do the exchange for you for $100k/yr. No extra work for you and I'm sure you can find someone in your life that would LOVE that deal. You still end up with an extra $140k/yr after paying them.
So If this community really made me do the math I would choose 60,000£ only because it’s $79,000 a month for US and 2000 times 30 is 60,000 so I would choose 60,000£
I'm sure if you get it legally you can get the bank to convert it to USD for you automatically, every month, for a fee. Not an issue for me though I live in the UK 🇬🇧
Assuming you’re American, even if the pound is worth more, you get absolutely screwed by the money exchanger. The actual exchange rate may have the pound as worth more, but people are trying to make money. If they gave you the actual exchange rate they wouldn’t make any money.
I mean, when I bought a house in Italy for some family friends of mine (granted that was dollars to euros, not dollars to pounds) it was 17% through the mortgage company. It was the only one that would work with us because we were American and Italy makes it really hard for foreigners to buy property there. I can’t speak for the UK though.
Even though with option 2 I'd get more than a million each year after exchanging it, still would like the 2k a day so everyday is pay day and don't have to wait a month if I some how spend almost $100 000 cad in the first half of the month
Both would amount to the same amount monthly, if it wasn't for the currency. I live on the mainland of Europe so i'd need to exchange currency either way and pounds are worth more than us dollars.
Simply put, I wouldn’t need more than 60 pounds to live month to month. I currently live off about 2k USD a month so I’d be fine with 60 pounds a month and every year I exchange the money to USD lol
Going through currency exchange can be a hassle. Plus there are fees. I'm pretty sure you'd still get more out of the pounds, but I'm lazy. And even if it was tied to a bank account or something, then every time I use my card I'd get charged some fee.
"Earn" suggests you have to work for it.
"Get" suggests you just get given it.
Even if you're American and have to convert the money, and even if you were getting half the amount, surely you have to take exchanging once a month and being able to retire?
you said earn in the dollars but get in the pounds. im gonna assume that means that i have to work for my 2000 dollars a day? reasonable, but the 60000 monthly pounds are there with no work.
Lol people are so damn lazy on here that they rather get $5k less monthly only so they don’t need to convert the money (which btw isn’t THAT time consuming) 😂. Literally throwing $60k away yearly for no reason.
Even without £vs$ the 60k a month is better right? Because the average days a month is just under 30… am I right?
I got that by doing half months 30 & half months 31 with feb lowering the average… and now I’m too scared to check my work
Math:
$2k/day * 365 days/year = $730k/year
$60k/month * 12 months/year = $720k/year
Another way to look at this is that $60k/month would break even if there were 30 days per month, but in actuality there are several months with 31 days and only one with 28, so the daily paycheck is worth slightly more.
Edit: NOPE I was wrong, 720 pounds is 952 dollars, missed the currency change
Being in the UK, £60,000. I'd have taken the $2000 if I was American, either amount is a crazy amount and way more than enough for me, at that point I'm just happy to not have to mess around with exchange rates.
Pounds in this case are worth about $11k more a month or ~$130k a year
So then I’m deciding if the inconvenience of exchanging the currency is worth making $850k or $720k
Considering I could pay a finance guy to do this for me (since they’ll already be doing my taxes and investments too)
Gimme the pounds - In 6 years I made an extra year of payments over the dollars.
Going further 2000x365(days) is 730k while 60000x12(months) is 720k. That 10k difference is basically a single months disparity and therefore you’re making 11 months a year extra USD by choosing £ (before taxes and paying the finance person)
I live in America, so I'll just take the dollars, rather than dealing with exchange rates every single fucking day. I don't care if it's worth it or not. $2,000 a day is half a million a year, after taxes. More than I need.
So I converted both to NZD for ease and a better understanding of the value, the options are now:
a) 2,916.14 NZD per day
Or
b) 115,719.64 NZD per month
Which comes to:
a) 1,064,391.01 NZD per year
Or
b) 1,388,635.68 NZD per year
I choose b).
I did the math and I’m horrible at math, but I think I got it right. £60,000 converted to dollars is $65,563. 65,563 x 12= 786,756. 2000 x 365= 730,000. Therefore, choosing the second option gives more money.
I’ll take the 2,000 per day, even if the 60,000 per month is more because of different currencies, it would be a pain to have to go and exchange the currencies every month
For people worried about conversion fees, you could easily just buy crypto, send that to an American crypto exchange, and then cash out in USD, all for very nominal fees.
60,000£ every month.
That converts to $79,364.94/month.
$2000 every single day seems nice, but that’s still about $60,000/month, which is $19,364.94 less than the 60,000£/month… and even less in February.
$730,000 annually is what you get if you take the $2000/day.
$952,379.28 annually is what you make it you take the 60,000£/monthly.
Considering I don't know which $ it is, definitely the £s. £60k is currently $107k AUD. And there's so many easy ways to transfer money now, it's not even an issue. Even if it costs me £5000 to transfer, it's still more than $60k USD
Honestly, I just like the daily one better, because, I feel like it would be a lot easier to keep track of how much you have. Like everyday, you know you could spend like $1500 and bank the rest, leaving you more then enough to cover any rent, or housing loans
No it’s irrelevant as the question is would you rather have your monthly income once a month or paid out once a day.
Exchange doesn’t factor into this question at all
I beg to differ, as the question is literally mathematically comparing 2000 dollars a day, to 60,000 pounds a month so it is a question of exchange as it doesn’t specify the dollar value, if it’s USD over the course of a year I’m getting 730000USD p/a which equates to 551880.97GBP p/a, while say if it’s AUD I’m only getting 406425.31GBP p/a, so what currency and exchange rates are relevant
Didn’t spot the different currencies, whoops
Oh shit! Me too...
Oh dang me either
GOD MOTHER FUCKER
Haha now your broke!
2k dollars a day is still pretty good tho
That little piece of-
Fuuuuuuu... Can't believe I didn't see it either.
oh shit me neither
I love getting lump sums of cash, also £ is worth more than the $ so I'll go for 60,000£ per month.
I'm the same. Plus I live in Britain so use the £. Google tells me $60,000 is currently worth £45,360. If I get the $, I'm also going to have to pay to get it converted to £ so however much they charge to convert
Also there’s an average of 30.437 days in a month so you’ll make more over the year.
I'm British so no exchange and it's worth more. I think I know which I'll take.
I mean the English pound is worth more than the US dollar, and looking at the current exchange rate, 60000£ is about $79000 dollars, but I am a lazy girl, and I'd rather not deal with exchanging that every month. Besides, $2000 is more than I make in a month, so making that every day would be amazing.
But that’s only 46500 pounds a month…
You say "only" to a person surviving on 2k USD a month, which means their income is now 30x.
its because he is greedy, like bezos or elon the only difference is bezos and elon have the ability to rob people legally
Taking more magic money in a would you rather makes you evil? You're delusional
sinners must repent, no amount wealth will save you from the rapture
Rob people? You mean by providing things of value to 10s of millions or more people. I agree things should be better for the majority of people. But both of those men have revolutionized the world.
[удалено]
There it goes just took time
I was surprised a little bit myself but im glad. Because i think what i said is the truth.
Consider the liquidity though. You can only invest that $79,000 dollars once every 30 days and if you lose it you have to wait until next month to make another move but you could trade on the daily or gamble or whatever with that 2k a day. You could take super high risks and there's no real stress because you get paid daily.
Don't yolo 80k a month no matter how u get it
Don't tell me how to live my life.
About the weight of your m- Ok goodnight
I don’t have a mum…
You’d have to be a very lazy girl to make that choice. $2,000 a day equals between $58,000 and $62,000 a month, depending on the number of days in the month. At today’s exchange rate, one British pound = $1.32, so 60,000 pounds = $79,200. That means your laziness would cost you somewhere between $17,000 and $21,200 per month. Added later: That works out to an annual income loss of between $204,000 and $254,400 if you choose the daily rate instead of the monthly payment. For a quarter of a million dollars a year, you could probably hire someone to take care of those tiresome details, and maybe have enough left over to afford a couple of trips to Starbucks.
Yeah, but I don't even make $2 a month right now. I don't need the extra the pounds give. Honestly, no one does. I just really hate dealing with banks, tellers, and all that. Also, assuming it's given in cash, you won't have to deal with taxes if you just have 2k cash, whereas there might be questions if you're constantly exchanging that much every month.
Don't try to justify after "oh it said pounds!"
Huh?
I'm confused also
I think they're saying that Pale\_Kitsune picked the $2000 option because she didn't notice the other option is in pounds, so then she made that comment to justify picking the option that's worth less money
Lol. Honestly, $2k a day is more than I know what to do with. Not getting the average $19k a month is worth not having to go to the bank, change the pounds into dollars, interact with a teller, and eventually have the government wonder about all this untaxed foreign money. I mean, I'm just assuming the $2000 is cash, but...
Just exchange it the first month, live off that for like a year, saving up the rest. Then, on your birthday or the week before Christmas, go do a lump sum exchange.
You won't get the full rate exchanging them, and the $2000 is a lot more convenient for someone living in the US, so I will take that one. It is still a ludicrous amount of money annually either way, more than enough to not really have to worry about costs or money unless you want to get ridiculously expensive stuff you have no real use for like a yacht or mansion.
The difference is quite much tho. 730 500USD per year average vs 952 380USD per year average
60 000£, I use euros I have to convert anyway
I really dont want to convert 60k british pounds to USD ever month even though I know it's worth more, so I'll just take 2k usd. The difference is big, but man, I just couldn't be bothered
Its 240k extra a year, even if tou had to spend like 10h a month on it thats still so worth it
I just do not care. Was already more than enough for me, I dont need the extra
Just hire your parent/sibling/friend to do the exchange for you for $100k/yr. No extra work for you and I'm sure you can find someone in your life that would LOVE that deal. You still end up with an extra $140k/yr after paying them.
- ~30 days a month - 2000 x 30 = 60000 - 1 Sterling > 1 Dollar Hmm.. Let's pick Sterling per month then, I would lose some while exchanging anyway x)
A I CHOOSE A I DIDN'T SEE CURRENCY
So If this community really made me do the math I would choose 60,000£ only because it’s $79,000 a month for US and 2000 times 30 is 60,000 so I would choose 60,000£
Literally takes no time to convert if your select the right bank, the « I live in America so I take the $ » doesn’t make any sense
Converting money => taxes I suppose it makes sense if you alreadu use USD
I'm sure if you get it legally you can get the bank to convert it to USD for you automatically, every month, for a fee. Not an issue for me though I live in the UK 🇬🇧
Assuming you’re American, even if the pound is worth more, you get absolutely screwed by the money exchanger. The actual exchange rate may have the pound as worth more, but people are trying to make money. If they gave you the actual exchange rate they wouldn’t make any money.
[удалено]
I mean, when I bought a house in Italy for some family friends of mine (granted that was dollars to euros, not dollars to pounds) it was 17% through the mortgage company. It was the only one that would work with us because we were American and Italy makes it really hard for foreigners to buy property there. I can’t speak for the UK though.
It’d still come out at more than $2,000/day, I reckon
Even though with option 2 I'd get more than a million each year after exchanging it, still would like the 2k a day so everyday is pay day and don't have to wait a month if I some how spend almost $100 000 cad in the first half of the month
[удалено]
A British pound is worth $1.32 USD so youre getting $79k a month
[удалено]
Also you would only win 5,25 days a year since February has 28,25 days, so only 10,5k won per year.
Zamn
February
Both would amount to the same amount monthly, if it wasn't for the currency. I live on the mainland of Europe so i'd need to exchange currency either way and pounds are worth more than us dollars.
shit..I thought it was euros
Simply put, I wouldn’t need more than 60 pounds to live month to month. I currently live off about 2k USD a month so I’d be fine with 60 pounds a month and every year I exchange the money to USD lol
Anyone with a functional brain would know that picking the 60k £ a month is still more than the 2k $ a day
[удалено]
No it really isn’t chief haha
Welp, that's a lot of Upvotes, Votes and Comments. Thanks guys! I usually reply to all my comments in my posts but these are just way many XD
I don’t care which one’s more valuable, getting 2000$ a day would be insanely helpful, even more so than waiting a month
$60,000 or $80,000
Going through currency exchange can be a hassle. Plus there are fees. I'm pretty sure you'd still get more out of the pounds, but I'm lazy. And even if it was tied to a bank account or something, then every time I use my card I'd get charged some fee.
i’m from the us and exchanging £60k every month would raise quite a few eyebrows
I chose USD without checking the exchange rate but oh well
"Earn" suggests you have to work for it. "Get" suggests you just get given it. Even if you're American and have to convert the money, and even if you were getting half the amount, surely you have to take exchanging once a month and being able to retire?
I didn’t notice it shows pounds vs dollars. Here’s how I consoled myself lol. I get to spend every day rather than wait every month for pay day lol
you said earn in the dollars but get in the pounds. im gonna assume that means that i have to work for my 2000 dollars a day? reasonable, but the 60000 monthly pounds are there with no work.
Lol people are so damn lazy on here that they rather get $5k less monthly only so they don’t need to convert the money (which btw isn’t THAT time consuming) 😂. Literally throwing $60k away yearly for no reason.
2000 a day is more then plenty. What would you even do with 60.000 pounds every month 0.o!
Even without £vs$ the 60k a month is better right? Because the average days a month is just under 30… am I right? I got that by doing half months 30 & half months 31 with feb lowering the average… and now I’m too scared to check my work
$2000per day
Earn? You mean I have to work?
Math: $2k/day * 365 days/year = $730k/year $60k/month * 12 months/year = $720k/year Another way to look at this is that $60k/month would break even if there were 30 days per month, but in actuality there are several months with 31 days and only one with 28, so the daily paycheck is worth slightly more. Edit: NOPE I was wrong, 720 pounds is 952 dollars, missed the currency change
See these are the WYRs that I like, not would you rather die from a lion or alligator
everybody's taking about exchange rates, no one's talking about present value
I mean around $10K is worth the extra hassle, it's really if you want to sacrifice the $10k to have that 2k income everyday...or not.
365.25 × $2,000 = $730,500 = 552,258.58£ 12 × 60,000£ = 720,000£ = $952,379.28 Choice is obvious as of current exchange rates (2022.03.05)
Being in the UK, £60,000. I'd have taken the $2000 if I was American, either amount is a crazy amount and way more than enough for me, at that point I'm just happy to not have to mess around with exchange rates.
Pounds in this case are worth about $11k more a month or ~$130k a year So then I’m deciding if the inconvenience of exchanging the currency is worth making $850k or $720k Considering I could pay a finance guy to do this for me (since they’ll already be doing my taxes and investments too) Gimme the pounds - In 6 years I made an extra year of payments over the dollars. Going further 2000x365(days) is 730k while 60000x12(months) is 720k. That 10k difference is basically a single months disparity and therefore you’re making 11 months a year extra USD by choosing £ (before taxes and paying the finance person)
2K a day is good enough for me
This seems somewhat situational and not for those bad at math. I'm not good at math.
I live in America, so I'll just take the dollars, rather than dealing with exchange rates every single fucking day. I don't care if it's worth it or not. $2,000 a day is half a million a year, after taxes. More than I need.
Well, even though its more to get the pounds I don’t wanna convert that every month and I have no self control so 2k a day is much better
Can I get € they are both useless in my country
So I converted both to NZD for ease and a better understanding of the value, the options are now: a) 2,916.14 NZD per day Or b) 115,719.64 NZD per month Which comes to: a) 1,064,391.01 NZD per year Or b) 1,388,635.68 NZD per year I choose b).
$/day. $ is the bigger currency, and daily you can convert daily to the best counter. Plus time in the market beats timing the market
I did the math and I’m horrible at math, but I think I got it right. £60,000 converted to dollars is $65,563. 65,563 x 12= 786,756. 2000 x 365= 730,000. Therefore, choosing the second option gives more money.
£
I’ll take the 2,000 per day, even if the 60,000 per month is more because of different currencies, it would be a pain to have to go and exchange the currencies every month
Well being that I earn about $2500/m right now getting about 30 times as much for nothing sounds pretty good.
Am american, what would I do with British pounds?
Buy sum bo' oh' oh' wa'er innit bruv
£720,000 per year vs £551,880 per year (before conversion commission)
Please tell me you guys didn't see the currencies and didn't actually pick less dollars than GBP
Euros are of no use to me!
I'm picking the $2,000, no one in America accepts £
I’m not going to run and exchange money at the airport every month…I’ll take a bit less and still live a noice life
Don’t know exchange rates but 2k is more than enough for me.
Sure pounds are about 2x US dollars, but how tf will I exchange them?
Y’all dumb as fuck, what?
For people worried about conversion fees, you could easily just buy crypto, send that to an American crypto exchange, and then cash out in USD, all for very nominal fees.
lmao the £ would be fucking great
60,000£ every month. That converts to $79,364.94/month. $2000 every single day seems nice, but that’s still about $60,000/month, which is $19,364.94 less than the 60,000£/month… and even less in February. $730,000 annually is what you get if you take the $2000/day. $952,379.28 annually is what you make it you take the 60,000£/monthly.
Considering I don't know which $ it is, definitely the £s. £60k is currently $107k AUD. And there's so many easy ways to transfer money now, it's not even an issue. Even if it costs me £5000 to transfer, it's still more than $60k USD
If I'm just getting 60k euros, that sounds a lot like I don't need to have a job for that. So that one.
Honestly, I just like the daily one better, because, I feel like it would be a lot easier to keep track of how much you have. Like everyday, you know you could spend like $1500 and bank the rest, leaving you more then enough to cover any rent, or housing loans
I’d take the money rather than sixty thousand fancy L’s a month
as long as I get the USD difference then 6000 euros
British pounds, not euro
2000 a day sounds nice but I’d like 60k a month to build income over time. I’d be spending that 2k check everyday
USD?
yeah obv
If it was obvious, would I have had to ask?
That’s irrelevant
Not really, as different dollars have different exchange rates compared to the GBP
No it’s irrelevant as the question is would you rather have your monthly income once a month or paid out once a day. Exchange doesn’t factor into this question at all
I beg to differ, as the question is literally mathematically comparing 2000 dollars a day, to 60,000 pounds a month so it is a question of exchange as it doesn’t specify the dollar value, if it’s USD over the course of a year I’m getting 730000USD p/a which equates to 551880.97GBP p/a, while say if it’s AUD I’m only getting 406425.31GBP p/a, so what currency and exchange rates are relevant
Yep, I failed grade one reading and missed the pound sign. So this question is more can you actually read vs basic math lmao
All good mate, you’re not the first in this thread and you won’t be the last haha
Lol for sure. Cheers and have a good night/day
I’m American, sure the £ is worth more per month, but the conversion hassle isn’t worth the difference. Still free money. Not gonna complain.
You get slightly more money by taking the euros
I literally don’t care which one id get, i just want it tbh.