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Passive income (lemmy.world)
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[-] BradleyUffner@lemmy.world 33 points 1 month ago

It's like those educational explanations of compound interest I remember from childhood that tried to encourage you to save money. They would always start with 1 dollar and a savings account with 20% interest, and end up retiring as a millionaire.

[-] Anticorp@lemmy.world 29 points 1 month ago

I remember getting really frustrated as a young man when I decided to take that advice, and wasted hours looking for these mythical 18% return accounts.

[-] Maggoty@lemmy.world 12 points 1 month ago

Yep those 10 percent accounts got me laughed out of the bank. One banker did helpfully ask how much I made though. Actually that was what set off the laughing. At any rate that was the year I learned rice stretches any food. No relation I'm sure.

[-] Anticorp@lemmy.world 7 points 1 month ago

In college I was frequently hungry without any food. One of my friends said “buy a 20 pound bag of rice and you’ll never go hungry again”, and he was right. Idk how I forgot that, considering I was raised on beans, rice, and government cheese. I just needed someone to connect the dots for me.

this post was submitted on 04 Oct 2024
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