Submitted 8 months ago by The_Picard_Maneuver@lemmy.world to memes@sopuli.xyz
https://lemmy.world/pictrs/image/75413201-ec7d-4ef6-8a95-23f9bfc9bd77.jpeg
If you have 7 figures saved and don’t have it properly invested you’re losing money at the rate of inflation minus the paltry interest rate you’re getting from the bank.
Except for retirement accounts, the middle class and lower keep most of their money (I would guess most times it’s all of their money) in banks because it’s easy to make it liquid. On any given day you may have to spend it.
You don’t need 7 figures to make your bank account look like a phone number. You need at least $10k, since there will always be two more digits to cover the cents.
I didn’t really think of it that way because I can’t imagine really advising people to stop working once they have $10k in the bank. That seems like a recipe for disaster.
However, you are technically correct. The best kind of correct. I hereby promote you to grade 37.
The 911 equivalent in Australia is 000. Just sayin’
Lucky! Here in UK we have to call 01189998819991197253
Also mic checking. 1212
Also, having all your money in the bank is unlikely to earn much interest!
Dial 0 to reach the operator!
Cries in European
or a event involving 2 specific towers
The assault on Helm’s Deep?
INCORRECT❌ the correct answer was the twin towers.
Empricorn@feddit.nl 8 months ago
Lol The ultra-wealthy didn’t get that way by working hard!