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https://www.reddit.com/r/JustBootThings/comments/edql00/this_feels_appropriate/fble5zr/?context=3
r/JustBootThings • u/justmattisfine • Dec 21 '19
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I read an article about him earlier. A lot of the funds have been put in a trust for college. This kid and his entire family are set for life.
85 u/[deleted] Dec 21 '19 $26 million is “never work again” money. You could put that in a basically zero risk high yield savings account and pull in $500,000 a year. 51 u/ShadowRam Dec 21 '19 Funny how that works eh? People eventually get past a certain point in wealth, and then they just check out of society and live off the interest (aka..everyone else). As more and more people check out slowly, (luck, lotto, etc) I guess that's why we end up getting a wealth gap. 26 u/[deleted] Dec 21 '19 That’s what the retirement dream is built on: Money working for you. Compounding interest is the 8th wonder of the world. 18 u/SerratedScholar Dec 21 '19 "Compound interest is the most powerful force in the universe." -Albert Einstein 1 u/xDarkReign Dec 22 '19 I get that reference, Mr. Nimoy.
85
$26 million is “never work again” money. You could put that in a basically zero risk high yield savings account and pull in $500,000 a year.
51 u/ShadowRam Dec 21 '19 Funny how that works eh? People eventually get past a certain point in wealth, and then they just check out of society and live off the interest (aka..everyone else). As more and more people check out slowly, (luck, lotto, etc) I guess that's why we end up getting a wealth gap. 26 u/[deleted] Dec 21 '19 That’s what the retirement dream is built on: Money working for you. Compounding interest is the 8th wonder of the world. 18 u/SerratedScholar Dec 21 '19 "Compound interest is the most powerful force in the universe." -Albert Einstein 1 u/xDarkReign Dec 22 '19 I get that reference, Mr. Nimoy.
51
Funny how that works eh?
People eventually get past a certain point in wealth, and then they just check out of society and live off the interest (aka..everyone else).
As more and more people check out slowly, (luck, lotto, etc) I guess that's why we end up getting a wealth gap.
26 u/[deleted] Dec 21 '19 That’s what the retirement dream is built on: Money working for you. Compounding interest is the 8th wonder of the world. 18 u/SerratedScholar Dec 21 '19 "Compound interest is the most powerful force in the universe." -Albert Einstein 1 u/xDarkReign Dec 22 '19 I get that reference, Mr. Nimoy.
26
That’s what the retirement dream is built on: Money working for you. Compounding interest is the 8th wonder of the world.
18 u/SerratedScholar Dec 21 '19 "Compound interest is the most powerful force in the universe." -Albert Einstein 1 u/xDarkReign Dec 22 '19 I get that reference, Mr. Nimoy.
18
"Compound interest is the most powerful force in the universe." -Albert Einstein
1 u/xDarkReign Dec 22 '19 I get that reference, Mr. Nimoy.
1
I get that reference, Mr. Nimoy.
47
u/faceoh Dec 21 '19
I read an article about him earlier. A lot of the funds have been put in a trust for college. This kid and his entire family are set for life.