3 ms·
> It's a lot easier to turn $10M into $100B than it is to turn $100 into $1M. Baloney! If it were, there would be tons of people with Bill Gates level wealth!
by MR4D 6y ago
> It's a lot easier to turn $10M into $100B than it is to turn $100 into $1M.
Baloney! If it were, there would be tons of people with Bill Gates level wealth! (last I checked, there were only 2 - him and Bezos).
The facts speak for themselves.
=======
EDIT:
After rereading this comment, the tone I have ("Baloney!") seems harsher than Iintended. Still, I'll leave it as such because I don't like to change what I wrote on HN. Please don't take it as an insult, but rather as emphasis of the extent that I disagree with your point.
- Sohcahtoa82 6y agoI said "easier", not "easy". But even if we tone it down by an order of magnitude or even two, I think it still applies. I think turning $10M into $1B is easier than turning $100 into $10,000, for the same reasons outlined above. Don't underestimate the massive impact it has to be starting at a level where living expenses are of zero concern.
- SamReidHughes 6y agoAt $100 you can just work for wages until you have more money.
- Sohcahtoa82 6y agoEasier said than done when you have a low-wage job.
- SamReidHughes 6y agoThen join the military and build up savings. You're only stuck in a $100 asset hole if you refuse to do anything about it, or if you intrinsically offer no value to the world.