578
simple rule (lemmy.world)
submitted 10 months ago by Stamets@lemmy.world to c/196@lemmy.blahaj.zone
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[-] PunnyName@lemmy.world 77 points 10 months ago

The difference between a million dollars and a billion dollars is about a billion dollars.

[-] Assman@sh.itjust.works 27 points 10 months ago

Pft your math is off by a million dollars

[-] alehc@slrpnk.net 17 points 10 months ago

Its wrong by about 0.1% tho

[-] AllonzeeLV@lemmy.world 57 points 10 months ago* (last edited 10 months ago)

Also if you've ever drank a latte or eaten a piece of Avacado toast, you might as well just find a dumpster to live in for the rest of your life, there's no coming back from that economically.

[-] SnotFlickerman@lemmy.blahaj.zone 29 points 10 months ago* (last edited 10 months ago)

A millennial, after eating a piece of avocado toast and having a latte at a cafe.

[-] superduperenigma@lemmy.world 35 points 10 months ago

Step 1: have billionaire parents

Step 2: inherit an absolutely obscene amount of money

[-] lustyargonian@lemm.ee 28 points 10 months ago

How to become a millionaire in two steps:

Step 1: save 10k every year.
Step 2: do this for 100 years.

[-] alehc@slrpnk.net 11 points 10 months ago* (last edited 10 months ago)

Cool! Now I just need a way to live 100 years per year and I'll be a billionaire in no time! And they say hard work doesn't pay off anymore...

[-] MNByChoice@midwest.social 5 points 10 months ago

If the money is invested and gets an 8% return, then only 28.5 years.

[-] psycho_driver@lemmy.world 21 points 10 months ago

There was one really staggering statistic I saw in the past few months, and I'm only paraphrasing here, but it some something along the lines of "If you were to collect and save $17 per second every second since Columbus set sail and (accidentally) discovered the Americas, you'd have almost as much money as Musk has lost on Twitter in the past six months."

[-] KingThrillgore@lemmy.ml 19 points 10 months ago

How to become a billionaire:

  1. Get a trillion dollars
  2. Spend it
[-] KpntAutismus@lemmy.world 19 points 10 months ago

the average person will make just shy of 2 Million dollars. that is assuming you never spend any money and don't pay taxes.

[-] general_kitten@sopuli.xyz 21 points 10 months ago

*The average person in the US, the average salary in the world is about 10k/year so in 40 years of working that would just be 400k

[-] silas@programming.dev 9 points 10 months ago

I should have thought of this sooner dangit

[-] JohnDClay@sh.itjust.works 6 points 10 months ago

Yeah, can't get that much without some serious compound interest on investments.

[-] SnotFlickerman@lemmy.blahaj.zone 5 points 10 months ago* (last edited 10 months ago)

*adjusts monocle

Why it's elementary, my dear Stamets.

[-] MNByChoice@midwest.social 5 points 10 months ago

If the money is invested and gets an 8% return, then only 57 years (Assuming monthly contributions.)

this post was submitted on 09 Jan 2024
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