Which would you choose: A Phd in economics or One million dollars?

Take the million and invest most of it, then pay for the phd in economics. If you had to choose between the two than this may help you decide.

The national average for an economic consultant over 20yrs vs investing:

60,500.00 1yr

62,920.00

65,436.80

68,054.27

94,000.00 5yrs

97,760.00

101,670.40

105,737.22

109,966.70

113,500.00 10yrs

116,905.00

120,412.15

124,024.51

127,745.25

131,577.61

135,524.94

139,590.68

143,778.40

148,091.76

152,534.51 20yrs

$2,219,730.20-----20 years of earnings

Economic Consultant

2yr>4%>11yr>3%

#inP:109

------------------------------------

1,000,000.00 1yr

1,080,000.00

1,166,400.00

1,259,712.00

1,360,488.96 5yr

1,469,328.08

1,586,874.32

1,713,824.27

1,850,930.21

1,999,004.63 10yr

2,158,925.00

2,331,639.00

2,518,170.12

2,719,623.73

2,937,193.62

3,172,169.11

3,425,942.64

3,700,018.05

3,996,019.50

4,315,701.06 20yr

$45,761,964.30--20yrs of earnings

Invested at 8% annual

2yr>8%

A Phd in Economics I choose as we can earn million dollars or even more with the Phd in Economics/

Personally, I would choose the one million dollars, then I could consult an economist and determine how to best invest the money. I'm already about halfway through an engineering degree and I don't have a terrific aptitude for economics so I would stick with that and take the money.

The PhD in economics.

The money. Invested with 5% interest it would pay $50,000 a year income which would cover the cost of school to get a PHD and I would have both.

Phd in economics....itz ma aim

One million dollars = instant gratification.

Neither