£50k now or £75k in 5 years?

[WrendaleCountryDogs]

If you were given the option of being given £50k now, or waiting 5 years and being given £75k, what would you choose?

50k now, a nice bump to the moving house fund to move away from my twat neighbour

Read up on the value of money principal. Or watch a you tube video on it. Look at what return you might get over the 5 years and there's your answer.

Can you explain how?

Time Value of Money

Without any risk, I mean. Can't see an interest rate where that could happen so just interested in the details here.

50k today. That would be just over 1/3 of my mortgage gone.

I could be dead in 5 years.

50K now. I know people who have died before they got their work pension and it died with them.

50k now. I'd want it for home renovation and the price of trades and materials will be a lot more in 5 years time.

£50k now. I'm skint.

I want to move so I'd have it now

Depends whether the £75k is guaranteed or tied to investments or other changeable circumstances.

Either you are an incurable optimist or we should all be subscribing to your investment blog.

50k invested @4.5% "should yield roughly £11,000 over five years.

Even though I'm currently feeling like I'm in a sinking ship financially. I know I can get out of it in a few months if I behave myself. So wait 5 years. That extra 25k would mean being mortgage free and no way would it accrue that much interest in my account. I'm a low earner too so gotta maximise every penny.

I'd take £50k now and invest it in a way that I'd make more than £75k in 5 years.

Clearly it depends on the circumstances. In my particular circumstances I'd take the £50k now because if I combined it with my savings I could clear what I've got left on my mortgage. I'd rather do that now than wait five years.

I'm just about to move house so I'd take it now so we could pay extra off the mortgage over the next year to the max allowed. Stick the rest into savings to give us a safety net and to overpay the following years too. Possibly some to add some extra energy efficiency measures to the house

I'd take £50k now. Split it between 3 children with £15k each to pay down their mortgages. It woul DD save them a lot of interest. I'd give them other £5k split between them to spend now. I don't need money myself so would enjoy making life a bit easier for my DC. I also do gifting of £1k each per year.

£50k now. Paying off the mortgage early would probably save about £10k in interest.

Depends on the circumstances I would take the 50k now and invest it in a HMO we have our eye on. If you can't grow the money it seems worth waiting 5yrs for the 75k.

Depends on the circumstances. I'm only 40 so it would make no sense to cash in a pension for example.

If it was just a lump sum, I'd take it now. We've got lots of home improvements we want to do, and if I could I'd do the bulk of it now to maximise enjoyment. I think my salary will increase by £25k in 5-10 years as well.

A bird in the hand is worth 2 in the bush. You could do lots with £50k and it be worth much more than £75k in 5 years

What do you think you should do OP ?

Would depend on how skint I was?

But I'm not so I'd save it for the 75k! Can't make that on interest in a bank at 4%