SpicyLengthiness

joined 1 month ago
[–] SpicyLengthiness@lemmy.ca 2 points 6 days ago (1 children)

And? That thesis has nothing to do with collapse, nor a pyramid scheme. It's just explaining the wealth inequality.

[–] SpicyLengthiness@lemmy.ca 4 points 6 days ago* (last edited 6 days ago) (3 children)

Compound interest is just math.

[–] SpicyLengthiness@lemmy.ca 7 points 6 days ago

You can try, but that's old school. Many job postings now say "WE DO NOT ACCEPT CALLS" in big letters, because people keep blowing up their phones trying this BS.

[–] SpicyLengthiness@lemmy.ca 15 points 6 days ago* (last edited 6 days ago) (6 children)

If we had lots of time, then it's easy. Just buy total market index funds and sit and wait. This is why vampires are usually rich. If you've lived that long, and you're not rich, you're doing something wrong.

$2 at 7% a year for 50 years = $58.91

$2 at 7% a year, for 500 years = $1,505,863.24

The power of compound interest!

[–] SpicyLengthiness@lemmy.ca 1 points 6 days ago (1 children)

Idk why anyone thinks he's a good actor. He's terrible, and his fake accents are the worst.

[–] SpicyLengthiness@lemmy.ca 9 points 6 days ago

I definitely believe these are true, but what is the source of the data?

[–] SpicyLengthiness@lemmy.ca 2 points 1 week ago

I'm not saying it's not wrong. I'm just saying this is way blown out of proportion. If you see a naked man while working, why are you hanging around. Just leave.

[–] SpicyLengthiness@lemmy.ca 3 points 1 week ago

They're already back up. Every slight fall is all doom and gloom, and then the next day it's reversed.

[–] SpicyLengthiness@lemmy.ca 2 points 1 week ago (1 children)

I was being sarcasmic.

[–] SpicyLengthiness@lemmy.ca 1 points 1 week ago* (last edited 1 week ago) (9 children)

Alternators exist on a car, why not on a bike?

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