Sunflier@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 3 days agoIf you woke up a billionaire tomorrow, what's the first thing you'd do?message-squaremessage-square192fedilinkarrow-up1111arrow-down110
arrow-up1101arrow-down1message-squareIf you woke up a billionaire tomorrow, what's the first thing you'd do?Sunflier@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 3 days agomessage-square192fedilink
minus-squareMerryJaneDoe@lemmy.worldlinkfedilinkarrow-up1·8 hours agoIt’s not though? 1,000,000,000/50,000,000 = 1:20 ratio It’s like $20 vs. $1 Except it’s still not that. Because whether you’ve got $1 or $20, it’s still a negligible amount of money. $50 million is enough money to easily collect $1,000,000 in interest every year. Use that as income, keep the rest invested and it would still grow. Generational wealth. The kind of wealth that creates people like Donald Trump. More money than any single person needs.
minus-squareJackbyDev@programming.devlinkfedilinkEnglisharrow-up1·6 hours ago Because whether you’ve got $1 or $20, it’s still a negligible amount of money. Again, those are an order of magnitude different.
minus-squareMerryJaneDoe@lemmy.worldlinkfedilinkarrow-up1·6 hours agoYeah…you’re going to have to remind me again what point you’re trying to make?
minus-squareJackbyDev@programming.devlinkfedilinkEnglisharrow-up1·4 hours agoAn order of magnitude isn’t negligible.
It’s not though?
1,000,000,000/50,000,000 = 1:20 ratio
It’s like $20 vs. $1
Except it’s still not that. Because whether you’ve got $1 or $20, it’s still a negligible amount of money.
$50 million is enough money to easily collect $1,000,000 in interest every year. Use that as income, keep the rest invested and it would still grow.
Generational wealth. The kind of wealth that creates people like Donald Trump. More money than any single person needs.
Again, those are an order of magnitude different.
Yeah…you’re going to have to remind me again what point you’re trying to make?
An order of magnitude isn’t negligible.