A Millionaires Choice
For those of us who never won the lottery before, here’s how it works. You first have to verify the ticket by filling out some paperwork. Next, you wait for the money to get distributed. Only then, the winner decides if they want to receive the money all at once, or if they would rather receive the full amount but, in installments for thirty years.
Source: Dailymail
Marie Holmes had a tough choice to make. She had to decide whether she wanted to receive her $188 million spread out over thirty years or to just take the $127 million on the spot. It may not seem like it’s such a difficult decision but think about it. If you decide to take it at once, you are getting a considerable amount less. By considerable, I mean millions.