this post was submitted on 09 Jan 2024
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[–] [email protected] 83 points 8 months ago (1 children)

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

[–] [email protected] 29 points 8 months ago (1 children)

Pft your math is off by a million dollars

[–] [email protected] 19 points 8 months ago (1 children)

Its wrong by about 0.1% tho

[–] [email protected] 12 points 8 months ago

Margin of error.

[–] [email protected] 61 points 8 months ago* (last edited 8 months ago) (1 children)

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.

[–] [email protected] 31 points 8 months ago* (last edited 8 months ago)

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

[–] [email protected] 38 points 8 months ago

Step 1: have billionaire parents

Step 2: inherit an absolutely obscene amount of money

[–] [email protected] 29 points 8 months ago (1 children)

How to become a millionaire in two steps:

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

[–] [email protected] 12 points 8 months ago* (last edited 8 months ago) (1 children)

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...

[–] [email protected] 5 points 8 months ago

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

[–] [email protected] 24 points 8 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."

[–] [email protected] 20 points 8 months ago

How to become a billionaire:

  1. Get a trillion dollars
  2. Spend it
[–] [email protected] 20 points 8 months ago (1 children)

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

[–] [email protected] 21 points 8 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

[–] [email protected] 9 points 8 months ago

I should have thought of this sooner dangit

[–] [email protected] 6 points 8 months ago

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

[–] [email protected] 6 points 8 months ago

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

[–] [email protected] 5 points 8 months ago* (last edited 8 months ago)

*adjusts monocle

Why it's elementary, my dear Stamets.