Broom Hilda by Russell Myers for February 07, 2024

We all should have……………………………………….

I can’t find a compound interest calculator that works for more than 100 years, and formula is too much trouble at this time of night, but in 100 years, he’d have just over $7.5 million.

There is just one flaw with the plan, given inflation in 1500 years if the money isn’t worthless, being a billionaire won’t cut it.

With inflation and all, I doubt that will happen, Nerwin—even if you DO live to be 1500.

Gonna take longer than that

banks pay minimum interest on savings and charge maximum interest on loans

That is if he’s disciplined enough to put in a dollar each week…

Too little too late☹️

It’s easy to save money, if you don’t need to eat or live anywhere.

After taxes he’ll be a thousandaire.

Remember those days well. Good practice. Turned those accounts over to each kid later.

in 1500 years, a billion will not buy a candy bar. Saving doesn’t cut it. You gotta inherit or steal it.

You’ve had over 1500 years to do it, it too late now.

Like there is a bank that will still be around in 1,500 years….or monetary system.

When I was a child the rertirement dream made sense even if it wasn’t realistic for a lot of people. If you could save $100,000 over your working lifetime then when you reitred it would be earning, at the going rate of the day of 10% interest, $10,000 per year income to live off of. At that time (1960s) that was good money. Didn’t work out that way.