• BradleyUffner@lemmy.world
    link
    fedilink
    English
    arrow-up
    22
    ·
    6 hours ago

    It’s like those educational explanations of compound interest I remember from childhood that tried to encourage you to save money. They would always start with 1 dollar and a savings account with 20% interest, and end up retiring as a millionaire.

    • AwkwardLookMonkeyPuppet@lemmy.world
      link
      fedilink
      English
      arrow-up
      17
      ·
      6 hours ago

      I remember getting really frustrated as a young man when I decided to take that advice, and wasted hours looking for these mythical 18% return accounts.

      • Maggoty@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        50 minutes ago

        Yep those 10 percent accounts got me laughed out of the bank. One banker did helpfully ask how much I made though. Actually that was what set off the laughing. At any rate that was the year I learned rice stretches any food. No relation I’m sure.

        • AwkwardLookMonkeyPuppet@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          2 minutes ago

          In college I was frequently hungry without any food. One of my friends said “buy a 20 pound bag of rice and you’ll never go hungry again”, and he was right. Idk how I forgot that, considering I was raised on beans, rice, and government cheese. I just needed someone to connect the dots for me.