Except - and here's the bitch of it:
All of these numbers assume interest doesn't exist. They assume that your money is cash under the mattress, not earning money in the bank.
Which means, in actual terms, it's much worse.
All of these numbers assume interest doesn't exist. They assume that your money is cash under the mattress, not earning money in the bank.
Which means, in actual terms, it's much worse.
Comments
You just need $3,100,000 in the bank and you never need to work again.
A quarter of a million people could never have to work another day in their life, and he'd still be a multibillionaire - he'd have 27.3$b.
But I know that I carry a few $20 bills in my wallet, so that if I meet someone who's hard up, I can give them one.
Because I can spare it, and every moral system I've ever learned says it would be wrong of me to keep that if someone's in need.
Or I could put it in some dumbass bank account.