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Consumption of ultra-luxury items is one way to look at the difference, but another is your progeny. $20M, if spent frugally and invested well, could certainly
by nilkn 13y ago
Consumption of ultra-luxury items is one way to look at the difference, but another is your progeny. $20M, if spent frugally and invested well, could certainly ensure the well-being of your immediate children and probably grandchildren as well (not if you blow it on vintage sports cars and jets, though). But a billion or two could keep your family out of work for many, many generations
- deleted 13y ago[deleted]
- finnh 13y agoIf you put it in a mattress, sure. But most (all?) people invest their money at a far higher rate of return than inflation.
- gaius 13y agoNot for a decade or more has this been true. Inflation in the UK is 2.2%. You would be lucky to get that without venturing into equities (which to be fair have done well this year) or property. But energy is up 8%, travel 9%, food 12%, etc. Real inflation is hard to outrun. And markets are prone to bubbles...
- qq66 13y agoWhy is keeping your family out of work for many generations a good thing?
- brianpgordon 13y agoI wish my grandparents had left me a few million dollars.
- gammarator 13y agoIt's not: http://www.theatlantic.com/magazine/print/2011/04/secret-fears-of-the-super-rich/308419/ http://www.theatlantic.com/magazine/print/2011/04/secret-fea...
- praxulus 13y agoKeeping your family out of work is not the same as giving them the option of not working.
- sk5t 13y agoMy intent was to put $20MM or so in perspective: yes, prudent investment could put such an amount to good, long-term use, but it is not so much money that it would be challenging to spend it all within a decade or so. $1Bn is something else entirely, and would require a very concerted effort to squander quickly.