Would you rather be given $10,000 for your own use or $100,000 to give anonymously to strangers? What if you could keep $1,000,000 or give away $20,000,000?
Okay, please don't think of me as an entirely selfish person. But I'm kind of selfish. I'd keep the $10,000. I'd keep the million. I know that $10,000 isn't a lot of money. It really wouldn't go very far. But it would take a pretty big chunk out of those student loans I have looming over my head. I've been pretty fortunate for the last 18 months or so to not have to make those payments. Now that I'm quitting school, those will be kicking in again sooner than I'd like.
And they say that a million dollars isn't that much money these days. I think I could make it work. If you're smart with your money, you can make that million last a very long time. Maybe even a lifetime.
Come to think of it, those questions would make for a good reality show or even a movie. Find an eccentric billionaire who's willing to put up the money. They offer that option to your Average Joe. And it turns out the only way that Joe gets to keep any of the money, is to give it all away. Something like that. I'll talk to Moon Vest at CBS about that.
*Question of the Week comes from The Book of Questions by Gregory Stock, Ph.D.