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Maybe this is pedantic to some but I despise the inequality comparisons with pure savings. Sure, if you stuffed your post-tax $500k into a savings account it’d
by tjs8rj 6y ago
Maybe this is pedantic to some but I despise the inequality comparisons with pure savings.
Sure, if you stuffed your post-tax $500k into a savings account it’d take 2 and half decades to be in the 1%. More realistically, if you simply invested each month with a historical return of 7%, you’d get there 10 years faster.
It just serves to be disingenuous about inequality. Zuck didn’t stuff a big paycheck into a savings account, because he wouldn’t be that rich either if he had. Level the hypothetical playing field so comparisons are actually reasonable.