Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

Please put at least one word relevant to the post in the post title.
Be nice.
No advertising, brand promotion or guerilla marketing.
Posters are encouraged to link to the toot or tweet etc in the description of posts.

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founded 2 years ago

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earned it all (lemmy.blahaj.zone)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 3 days ago* (last edited 3 days ago)

I'm not missing the point, I get it. It's just like, ugh, imagine if you're witnessing someone in this magical scenario where they get so much money ($5k a day), but they still aren't putting it into any sort of accounts that gets interest. It's like watching your friend win the lottery and then buy more lottery tickets or something. I can't help but just be like "noooooo wait! Don't do that!"

It's worth pointing out that $5k a month, with 1% interest is still worth only $10 million after a hundred years. Which is using a more realistic vehicle for wealth growth and still shows how insanely wealthy billionaires are. The tools wouldn't let me plug in more than a hundred years and I didn't bother calculating more by hand. https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator