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submitted 2 months ago by MicroWave@lemmy.world to c/world@lemmy.world
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[-] ripcord@lemmy.world 7 points 2 months ago

Right. You do have to still be smart enough in some way to retain the money/power. Or lucky/connected enough (daddy is watching out that dumb-as-rocks junior doesn't blow all of his $100m, etc)

[-] magic_smoke@links.hackliberty.org 25 points 2 months ago* (last edited 2 months ago)

If you earned 100m in your lifetime, you've only had a 10th of a billion dollars.

Musk has hundreds of billions of dollars.

That's a very, very big difference. He could literally set aside enough money for 10 very wealthy life times, and not even make a dent in his play money.

[-] funkless_eck@sh.itjust.works 4 points 2 months ago

I'd call earning 30 mil over 60 years "very wealthy," which would net you 3333 lifetimes at that rate out of 100 billion.

Starting at 18 years old At that rate you could pay off a 3 bedroom house in a major city before you were 21. Even if you had to work 8-6, 6 days a week for that money you could probably retire by 40 years old.

[-] ripcord@lemmy.world 1 points 2 months ago

That's a good point.

this post was submitted on 09 Aug 2024
1034 points (98.0% liked)

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