4 ms·
>The thief was smart about the hiding it, but not smart enough I am interested in knowing in what ways he could have never been caught? What did he miss?
by gingabriska 7y ago
>The thief was smart about the hiding it, but not smart enough
I am interested in knowing in what ways he could have never been caught? What did he miss?
- ars 7y agoHe should have slowed down maybe. Also got greedy - he could have had 1 million and live on the interest, but he had to keep going.
- tuananh 7y agohe sold it for much cheaper value. 10m could have been sold for 1 or 2m
- brianwawok 7y agoMost people over-estimate the long term life of a million dollars in 2019. Standard wisdom gives you the 4% rule.. i.e. you can spend 4% of a balance to have a principle last forever (Based on historic stock market data, no guarantee it will actually work in the future). 4% of a million is only 40k. Can you live on 40k a year? Yes, billions of people make less than or equal to 40k a year. However most software devs like this guy who was making over 100k a year would be "content" to retire on 40k a year. He would need at least 3 million to live on the 120k a year ;)
- bduerst 7y agoThis is also handy napkin math for retirement.
- justsid 7y agoMore like handy napkin math to figure out that my retirement plan is going to involve me dying young.
- brianwawok 7y agoThat's no fun