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#amazon #bezos
Jul 28, 2017 3:06 PM
pfrcks
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#amazon #bezos
00LimaRomeo
Given how thin the margins are, I wouldn't be that surprised.
LogbaggerDBaggagecling
I love that the only reason he eclipsed gates briefly is because gates has spent 30 billion on charity.
NibbaswhomstGotCooties
r/oldpeoplefacebook
usernametakenisthestoryofmylife
What did you buy, Florida?
ThenIDefyYouStars
I haz a news
CookingwithMike
Thank goodness the red censorship penis protected their identity.
lucidaddict
It has 26k likes so you can find it easily anyway. (I didn't miss your joke, just making a point)
Connorshamwow
"The butt dial giveth, yet the butt dial taketh." -Peter Griffin
[deleted]
[deleted]
GlassTurtle
Losing money? Yes. Unprofitable? No. Their reinvestment of revenues has made them king of consumer sales and server space.
chefbou4gainz
Actually chuckled through my mouth
martycos
We have new robber barons.
P0kEy
You are the richest man in the world?!?
JohnThackeray
#fuckingbezos
KimmyPage
I got a news....lol
TurtleHippieVan
correlation due to causation
BatmanDeadpoolSlenderMan
See...it's like video game logic. In mario when we max out at 999 coins we still want to keep getting that much just because it's fun 1/2
BatmanDeadpoolSlenderMan
But then we stop playing when it gets boring because there's nothing left to do. 2/2
TyDugganWrites
I like the big male genitalia there.
TouchMeInTheMoonlightAnus
I like the big male genitalia in most places.
TyDugganWrites
Emangelo
It was his stocks
LostCatWantedDeadAndAlive
I bought 'em on Amazon.
vigothecruel
A slight rise in the stock price followed by a slight dip is responsible for his overtaking Bill Gates and then his fall back to #2.
MMATornado2
I read it as socks, then I thought, that's a lot of socks.
Syrpynt
Half right... Or more than half? But I'm pretty sure he isn't dumb enough to keep his eggs in one basket.
IWantToUseAHyphenInMyName
No he only has Amazon stocks, his entire worth is amazon stocks. He doesn't even have change for a coffee on him.
Syrpynt
Starfucks is probably sad with that statement. ;)
MichaeIScott
He still has a salary + cash bonus and some of his options have vested, but the majority of his worth is definitely in un-vested options
Imalwaysready
I'd wager that as founder and CEO with 22 years on the job, the vast majority of his options have vested.
hansolongdingdongtralala
canadianWhoSupportsTrump
Obama uv done stupider shit dont lie, but props for killing bin laden, fuck u for making Canadian lives difficult but props for killing biny
zozook
Ihatewhenpeopledonotspacebetweenwords
The fuck dood? Canadians life difficult? Explain for us non Canadians
canadianWhoSupportsTrump
im sorry i keep losing track 140 charecters is not enough is u send me ur email ill send a essay i wrote supporting my position
canadianWhoSupportsTrump
there are many intensities drone missions that end tragically
canadianWhoSupportsTrump
But what most people fail to see iis the effect it has on civilians in Afghanistan
canadianWhoSupportsTrump
At first glance implementing drones seems like a good thing less chance of an american being kia
canadianWhoSupportsTrump
so his policies regarding Afghanistan prolonged us intervention not only that he supported the use of drones
canadianWhoSupportsTrump
but he had much trouble implementing them properly
canadianWhoSupportsTrump
firstly id like to start with his foreign policies and how they failed. Worth noting before i continue i agree with most of his ideas
canadianWhoSupportsTrump
id be glad too
TheTerramancer
Look at that username and tell me you expect a rational explanation.
lelk
The username says it all...
canadianWhoSupportsTrump
Please respond i want to hear ur justification for being a hypocrite
canadianWhoSupportsTrump
Ur a libreal right? arent one of your values that you dont stereotype a whole demographic of people based on the actions of the few?
canadianWhoSupportsTrump
look i cant discus this in 140 letters but if youd like to have a civil discussion im down no name calling though plz i dont want to offend
FeedMeMemeSeymour
People on here downvote anything that goes slightly against the narrative.
Beshuu
Why is this downvoted? They are being civil.
canadianWhoSupportsTrump
Thank you, having different views is no reason to down vote
canadianWhoSupportsTrump
I just have a different view for valid reasons
normalizetherapy
Which are?
KingBanana8008
Exactly
PolarBears91
That being you're a troll
canadianWhoSupportsTrump
no no no i assure u im not being a troll please dont make assumptions like that.
CrisprCASrat
How much money does one person actually need? Not being nasty, I'm interested in people's thoughts...
jedreeves
All of it.
ICarpeYourDiems
Salaries (roughly) above median income don't lead to appreciably increased happiness. Ever. But that's not what wealth is about.
fluhatinrapper
What's it all about?
DontTellMeToCalmDown
I would love to have enough to pay my bills, put a little in savings, and be able to comfortably spend a little on small things.
ThrowMamaFromTheTrain
As much as they wamt so long as its legitimately earned.
chiefs86
Bezos spends about a billion a year funding Blue Origin (his spaceflight company)
Ihatewhenpeopledonotspacebetweenwords
Bill gates has donated over half his fortune on helping people around the world. Bezos is known to not be interested in philanthropy=greedy?
chiefs86
Tbh (and I'll probably get a lot of hate for this) but spending your money on a venture that has a pretty sizable chance of advancing...
chiefs86
(2) the whole of humanity by way of pioneering space travel is way better than spending your money on charity or philanthropy.
saucefordipping29
I just want enough money to not worry. I think about 50k Would end the worries
choloeseguay
Probably not anywhere near a billion dollars
Nigbac
Need? Little. Want? A lot. All depends on what a person wants. If I had an unbelievable amount of wealth, I would want to support 1/?
Nigbac
2/? all special interest groups, research, charities, and sport organizations that I like. I would want to influence governments, influence
Nigbac
3/? major corporations, try to help humanity, as well as push my personal agenda. Thus, I don't know of an amount of money for me that I
Nigbac
4/4 would personally ever consider too much.
Pugglebuttt
All of it.
Updoc
Money doesnt buy happiness... but being able to live your life knowing you'll never run out of money sure as hell does.
otakon17
I figure I need $50K a year to live comfortably, not luxuriously. Not extravagantly, comfortably. How billionaires manage is beyond me.
Ryebread91
I'd bet they'd say live within your means at the same time buying a 200ft yacht with a 3 mil a year upkeep. I just want enough to not work.
KPopGirlKimi
I'm at a point in my life where if I got 1500 a month for the rest of my life, I would not have to work ever.
Ryebread91
And that would be enough for me. I could budget the heck out of that and still save and afforded new things or vacations.
KPopGirlKimi
Same. Cost of living is cheap in tucson arizona. My studio apt rent is 405 a month. Electric & gas is less than 150 a month. Food is 150
KPopGirlKimi
A month. And the rest I would save and budget. I have my tuition paid for by scholarships. Only need to pay for books and parking permit
KingBanana8008
Enough to pay for medical bills and therefore have peace of mind. In America that would probably need to be all the money.
rhombusrightangle
with 650k you could buy a managed mutual fund/etf that pays monthly dividends around $2500 and live a nice modest life w/o work
chrisdafish
*looks at Jay-Z taking all of his albums off of spotify and moving them to another streaming service*
LastThoughtsOnWoodyGuthrie
you only need food and water to survive so none you just need to hone your skills son
TheFastpaws
I'd just be happy to pay my bills, live an okay life, afford surgery and help my mum out some.
SirLyonhart
Chuck Feeney was worth 7.5B dollars. He's been giving it away since 1984 and is now worth about 2M. He is Bill Gates' role model.
TheNax
Learned from an early age that money can't satisfy the need for human interaction. As long as I can pay my bills, and a wee bit of luxury1/
TheNax
Like internet, gaming PC, etc. then im good. Much prefer finding someone to spend life with. Buuut, that ain't gonna happen. Keep dreaming
enzio64
"Need" is never the question in a capitalist society. Want is. And "need" depends on quality of life, your own perceived needs, etc...
Eldibs
I could easily live for the rest of my life off $1mil without having to work another day.
fluhatinrapper
You'd think that. But have you done the math?
Eldibs
I currently live on $10k a year. One million dollars would last me 100 years. Since I'm 30 and don't expect to see 130, I did the math.
fluhatinrapper
I would be very impressed with you if you got 1 million dollars and still only lived on 10k a year.
Eldibs
I could go 20k for 50 years and still be fine. That's literally double my salary. If I kept my job too, I could be very comfortable.
Shawnthegirl
Possibly a repeat, but I've been told that after about $80K a year, happiness levels just level out and don't rise anymore.
Shawnthegirl
https://www.lifehacker.com.au/2010/09/82000-is-the-perfect-salary-for-happiness/
Huggitt17
Enough.
ChildOfThanatos13
I just want to be rich enough to never think about money. No opulence just if I want/need something I can afford it
SciNZ
Personally, I'm more concerned with how much money people need in order to have a functional economic ecosystem.
sciencebasedlifeform
shinagami091
That varies on several very different degrees. Some would be happy with a nice house, others much more.
Cheesecakecrush
I can eat lunch at work on $20 for two weeks, and I could stretch that to a month if I didn't get soft drinks.
AsABiologistWhoIsNotFunAtParties
You'll probably also save money on healthcare if you don't get soft drinks.
Cheesecakecrush
You assume I bother going to the doctor.
BeepBoopDeepDerp
$1 Billion Dollars per Year. Oh, sorry, that's assuming you are trying to utterly revolutionize space travel with Blue Origin.
shartsicle
If I ever have $50M in liquid assets, I'll invest it, retire, and live off of the proceeds.
Brix83
I'd build a modest but nice house on my existing property first and maybe get a better truck. The rest would be invested.
fluhatinrapper
That's a lot of vodka.
m0wgli
If I had $10 million cash right now I think I would he set for life at 28.
fluhatinrapper
If you lived very frugaly and were lucky with investments. Yes.
m0wgli
Just living below your means and putting your money in index funds.
PraiseGoogle
I wouldn't need much. But I want enough to build my own space station
ZaWithDude
I don't have exact numbers, but a few million would be nice. Try to rack up good interest rate for savings. Store like 90/95% in there. Then
ZaWithDude
use the last bit as splurge money while the savings generate. Or do the thing where money is held few year. Build income off the mass amount
ZaWithDude
Be lazy douchewagon rest of life. I'm 20s now. If I won the lotto, I'd attempt something like this. Build up, compound interest. Be comfy.
shileka
well i wouldn't scoff at double my monthly money
Apocalypsox
As someone in the automation industry, the dream is that money won't exist and no one will have to "work".
OhMyGurs
For 100k inflation adjusted at 3% for 60 years (that will probably cover most of us); if invested at 5%, will be 3.5 million present value.
TheBronzeKneecap
25 shmeckles
fluhatinrapper
How much is thatvin flurbos?
drownthesun
Wealth (financially) is more about what you don't need. No bills, no debt, no mortgage, no need. After that, live in your means.
imnotinprisonhidingaphoneinmybutt
I subsist off of about 5 grand a year. If nothing else hopefully it makes some people feel better about where they are.
aceebro
At around 500 mil a person could have pretty much every material desire they would likely have (cars, yachts, houses, planes, etc.) When one
aceebro
reaches the billion range it becomes less about "stuff you can have" and more about "stuff you can do". You can pull a Gates and create
aceebro
a foundation dedicated to humanitarian aid. Or you can do what Bezos (said he would be) doing, and you can fund startups you believe can
aceebro
change the world in some way.
azmyth1
It's likely he will donate most of it to charity. While Bill Gates doesn't need any more money, he uses the money he has to save lives.
Pawnderlust
I'd like to update my home without sweating the money. Not rich just comfortable.
HijoDePolo
all of it
ivoryman50
I've said that if I got $1 mil, I'd stop working and start just investing. $5 mil and I'd be happy to stay there for the rest of my life.
LongUserNamesGiveMeWood
The dream has always been to never have to worry about money. Dont need too much, but always have enough.
iputthefiresout
In the US there's no statistical improvement in happiness with one's life above $75k/yr. There was a study, can't find sauce, sorry.
treehumpinghippieface
Do you remember if it was per person or per family?
iputthefiresout
I believe that was per household
AsABiologistWhoIsNotFunAtParties
http://content.time.com/time/magazine/article/0,9171,2019628,00.html this article makes it sound like per person
StrawberryBlondeIsALie
Enough to be Comfortable and to make my family comfortable. No need for excess
Ice0weasel
I'd say 100k a year
DylanR6
I just want enough money to buy a nice car, be able to pay for school and expenses, and be able to take my SO out to dinner once a week..
t91blacknteal1
Tree fiddy
54321characters
about
ourcaptjohnboyd
I think if every house hold gets six figures, 70,000 if you are a bachelor we will all be happy
ourcaptjohnboyd
How's that's for some commi BULLSHT amiright
ResidentCynic
For most people the answer is: [Current Income] * x. Lifestyle inflation and keeping up with the neighbors means its a moving number.
vitfall
Dude, if I could just *know* that no one is gonna turn off the electric or water, and that I have grocery money, I'm good.
TriggerMeTimber
All the monies
Xenarion
It's more a question of power than money. Money without corporate assets and contacts just makes you a nouveau riche.
Xenarion
And those people are never satisfied. Their ideology is like capitalism: they need constant expansion, always more power.
RepostSadistic
About three fiddy
lunaeller
Personally I want enough to where I don't have to live paycheck to paycheck, and also have a nice savings fund in case shit happens, to
saucefordipping29
Seriously all i want is savings everytime we save we use for that or this. We have dreams of retirement but limited funds to do so
lunaeller
where I won't be in debt for years. I can't imagine what I could possibly do with say, hundreds of millions. Huge mansions, as appealing
lunaeller
and cool they are, I don't think I would want to have one, I just want a decent house. And I would like to be able to send my kids off
lunaeller
4/4 to good schools if I have any, without them having to go broke themselves.
IconicM
Read an article that interviewed people at different income levels. The rich guy said after a certain point it's basically a pissing contest
SilverDay
Around $737.000
Denturedog
All of it
WhoYouGonnaCallGhostNappa
At least he is using the money productively by privately bankrolling a reusable booster program
ishouldprobablybeplayingpokemonATM
I honestly think around 10 million should be the cap. There are too many people with no homes for anybody to have more than 10 million
Rivalyn
For most people, the answer is "enough" but for a few, the answer is "all of it"
scratches16
About tree fiddy
TheOtherLebowski
This guy. This guy right here.
JustAnotherAmerican
Ehh, more like fo' nighty.
LostCatWantedDeadAndAlive
StoChastic84
I'm on to you, Loch Ness monster.
qwirked
91.4 Million USD
doomed824
$10 mill for Australia
RackaDishiprine
https://media.tenor.com/images/8db794c5921972b74eb40ce20e2bb40d/tenor.gif
DefinitelyNotHavingAMeltdown
Being able to pay for college without being enslaved by payments for the next ten years would of been nice. Only on year two:/
JustSomeRandomMan
science says 7000 a month brings the most happiness. do the math yourself
invisibulman
I figured out at one point I spend about $3,000 per week on vacation. Meaning $156,000 of passive income. At 5% return that's around $3m.
ODSTsRule
My father said we need 8.000 Euro to keep the house in good condition for a year.
Izael
honestly, for me it would be at the point that I could do what I want without having to worry about money, event with a small house
GuyThatSaysIWant2
Enough to have fun until everything gets boring then just enough to get by giving the rest to charity
eazolan
Depends on what you want to do. If you want to create a cutting edge rocket company, and an electric company, and a tunneling company...
allmostthere1234
Cartels?
travisflagg61411
All of it... Or else...
HatsAreEssential
Need? That depends on desired quality of life & location. Want? More than you have. Always, always more than you have.
therearenotenoughusernames
Underrated comment of the day
revcleo
Depends on the person, see: celebs who dropped from multi millionaires to millionaires b/c donating to charity
CyBercrook
Dude probably doesn't even check his account, he just lives his life while raking in the money.
lawlschool88
Watching numbers go up is addictive, whether it's in videogames or in real life.
sisisic
Until you reach like tens of billions level because at that point you could have whatever money could buy everyday for the rest of your life
shouldbestudying
Didn't Johnny Knoxville live on $1 a day in Vegas or something?
Catclicksalot
How?
OneBabyOneHamburgerBun
Shows.
shouldbestudying
I saw a picture of him eating leftover room service outside of hotel rooms.
LaxmiSinghers
Studies have shown that after $75,000/year, any more money you make has no effect on overall happiness.
nevermorePlz
i doubt this
Meeces
it varies based on cost of living in the location (CA you'll need more than 80k, OK you'll need less), but yea there's been a couple studies
nevermorePlz
Does this take into account job security? Yeah I may be happy with $70k a year but if thats not guaranteed for life its not very comforting.
LaxmiSinghers
Sauce: http://content.time.com/time/magazine/article/0,9171,2019628,00.html
HatsAreEssential
And yet, almost no one who gets rich says "Nah, I'm good. I'll stop here."
GTR16
I totally agree with this and people that have not made that much will probably think it's crazy, but I have experienced it.. 1/
GTR16
And lifestyle drift is true. First you buy a nicer house, then nicer car, watch, etc.. the thing is that most high paying jobs also have 2/
GTR16
A lot of career risk.. once you get to a certain living standard, dropping down is miserable. As a trader, I go through massive swings 3/
azmyth1
That study was mostly because the scale had an arbitrary cutoff, but the point that money has diminishing returns is true. (1/2)
azmyth1
Money seems to add to happiness in a logarithmic way.
SkippedOver
To quote a Weird Al Yankovic song: "They say you can't buy happiness, guess I'll just have to rent it." But seriously I personally 1/2
SkippedOver
imagine it's a thing that once you make 75k/year, you can afford to buy the things you want. Then as you get richer, the things you 1.5/2
SkippedOver
want happen to be more expensive, scaling with how much you make. Not often you see a poor man dream of a gold lined pool, just a pool. 2/2
splitalterego
I have a saying that money doesn't buy happiness what it does is prevents problems.
AnonOmis1000
Money buys jetskiis, and you can't not be happy on a jetskii
ForSomeAbstractReason
:( ... :( ... :/ ... :) ... :D :D :D
GTR16
-daniel tosh. Love that line
Emphive
Just one dollar more
AMitchellW
One spy / assassin movie I watched once said all a man needed to retire was $2m. Do with that info what you will
bedburrito
Enough
KuddleWumpous
Enough indeed.
Lamplord
3 money and no kids.
bobbidothechef
More
chepeweb
Enough so interest can pay you your current salary
kaovalin
More interested in income disparity than specific values
ReadySteadyYo
So are all the people getting rich. They wouldn't value that 14k Gucci umbrella if a taxi driver can afford one
kaovalin
The value of exclusivity would have to be gated by something other than money, like societal connections
OptimisticDownvoteLover
1-5 million and thats all for a good living, maybe even less tbh
GodEmperor0fMankind
I'd be happy with around $90,000 so I can pay off my student debt.
fluhatinrapper
*in 12 years
GodEmperor0fMankind
DoctorTurkTurkleton
7 monies
Haemp
Luckily the needs of one person is not determined by society
MealeaYing
http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014
CousinWillie
Its not like his bank account has 90 bill in it. He just a ton of crap, and amazon gives decent wage entry level jobs to thousands
skyshadow
Nation's average +10%
Whataremelon
Enough to run a multibillion dollar company and still have enough fo rent
HappyPanda69
Enough to live life, and have the pursuit of happiness
OtterKing1
Need? only about 1$ a day. Want is the better question. Greed is a strong drug, and its side effects are worse than any illegal substance.
PandaModeler
"MORE..." - Wallstreet: Money Never Sleeps
AStegosaurus
He does not actually have that much money. He owns 17% of Amazon. When Amazon's stock price goes up, he is the richest man in the world. If
AStegosaurus
Amazon went out of business, he would still be rich but would not be in the top 1000.
texasagg12
as a person who can barely pay their bills, and has 150k in student loans with a okay paying job, as much as possible, and thats what he did
Selendrile
He owns the Washington Post and is paid by the CIA. And will earn zero profit just to destroy a company (did it twice). You tell me.
RaventsTrinity
I would like enough to able to afford a modest home. And by modest I mean 1500 sq feet. Cause right now I can't on my salary and I hate it.
KPopGirlKimi
Dude, I live in a 300sqft studio apartment, 3 miles from a big university and pay only 405 a month. Come live in arizona. Cheap ass rent.
RaventsTrinity
The sad new is that I moved to my current state from Arizona.
zeitgeistTheMovie
Lagom
mousemarie94
At the point of being 'richest' in a well developed country- it's through investments and owning large companies that employee many (1/
mousemarie94
Or you're Oprah- I kid (2/2)
MondayMooseMemes
A recent poll said peoples happiness stops increasing after $75,000(USD)/year salary.
DynamicWeight
Absolutely depends on location. Here in the Bay Area that is not maxed out happiness AT ALL.
invisibulman
I used to think that was all the money in the world. A wife, kid, and change of area code and $75k feels like poverty.
HailHarbaugh
I read that too, but disagree. By old financial standards, this means you could afford a house for $185k. That's not even the median price
celestedrake
You can only buy and personally take care of so many puppies and kittens.
KoryNunn
Wow hell no
shartsicle
I was a lot happier the year I made $400k than the year I made $77k.
AsABiologistWhoIsNotFunAtParties
Cool anecdote. Studies report averages.
TeamDoberman
400k mr.shartsicle? Teach me your ways. Where do we start. How much does a shartsicle even sell for? How am I pitching this? What's my angle
AmaIthea
Can you sell shartsicles to longdrop poopin Alaskans?
gohanssj2
Understandably, but the study assumed steady income with an average standard of living, and peoples' lives are typically that ideal.
hotwingz1
I thought it was their gain of happiness was much slower. They still can be happier it's just not as incremental past 75k.
ThrowMamaFromTheTrain
Law of Diminishing Returns
MondayMooseMemes
Yea it levels out instead of being exponential growth.
Denturedog
In another study released this week, money does buy happiness. To lazy to link
Zahnradfee
It does, but i guess at 75k a year you have all you need.
Denturedog
Never
Bowchicabowwow125
It buys pizza, guns and hookers. Therefore it buys happiness.
Denturedog
And cocaine
DeliciousUsersubClubSandwich
Its been proven that the level of happiness rises with amount of money, but only up to 75k/yr. after that ur still as misarble as the rest.
FoxGodRecords
~$900/month utilities & rentals, $300/month for food. ~$50/month for gas (I don't drive much), and ~$50/month for pizza. So, $6-8 million?
Majnizzle
About tree fiddy.
codepink2303
The love of money is at the root of all evil.
fluhatinrapper
Ergo, the love of roots leads to all the money.
FoxGodRecords
I would need enough to pay everything off for my family, get a nice touring car every year, and then travel for the rest of my life. $6 Mil?
fluhatinrapper
That would be gone in >5 years if you did it that way.
FoxGodRecords
Not with prudent investment of the remaining balance. If done right, the lifestyle I choose could be maintained off of earnings.
CountryMetal01
All of it
pixelsnader
3 million is 2500 a month for 100 years. That's enough for me.
redbagelpuppies
What about inflation?
pixelsnader
Should be compensated well enough with interest from a savings account or by by sticking it in purchase-stable things like gold.
CraftedLine
30,000/yr?
CraftedLine
Go $4m. 1m in an annuity that pays instantly for 10yrs. $1m in one that pays in 10yrs. $1m in 20yrs. $1m in 30yrs. Live off 100k/yr.
CraftedLine
By the time you retire from a simple job you'll have enough coming in that you'll be fine when inflation is higher.
CraftedLine
Or something like that lol. It really is my plan! I'm getting closer. Just need another $2m and sell off everything! Keep my paid off house.
ballpeenX
You can spend 4% of your nest egg forever. On a $3 million nut that's $10000 per month. Forever.
AllTheCoolKidsPeeTheirPants
That's like... nothing dude
pixelsnader
We currently live off of 2400, manage to save and are going to Indonesia on holiday. We got by on 1500 last year. It's *enough*.
AllTheCoolKidsPeeTheirPants
You must live in some very isolated area?
pixelsnader
No. https://en.wikipedia.org/wiki/Gorinchem
vgullotta
bout 3.50
WellBehavedZombie
I think at 2 million in a savings account you make 60k a year without having to work w/ base interest w/o negotiation so that's a nice start
ballpeenX
The annualized return of the S&P 500 is about 8%. If you have the $2 million there are advisers that will help you get something like that.
SniperTeamTango
Savings account != mutual funds. Mutual funds and stocks are how to get this kind of returns. Contact your local primerica rep for more :)
Tridec132
Who is your savings account with? I need interest like that.
Santooth
Savings accounts are one of the worst ways to invest. Check out Index Funds.
12rt2345g342563
I don't consider it an investment. Just a relatively safe place to keep some money if the economy explodes again.
Iworktosavethetatas
Put a million in the bank, and you'll see better rates.
bluemeaniesarecoming
Same in new zealand. It would be a term deposit. You can't withdraw without a hefty penalty. Might get 4.5% depending on length of term
bluemeaniesarecoming
this type of deposit is safer than any other investment, so the low rate is fine. Only way to lose your money is the whole bank going bust
bluemeaniesarecoming
Persinally I could live fucking comfortably on 3 - 4% of $2m and still have leftover to add back to the deposit and increase the income
ReadySteadyYo
3% is basic rate in Australian savings account. Our interest rates are essentially the same as the US. Maybe your banks are terrible.
db17k
Our banks are terrible
ReadySteadyYo
Corporate bonds for 100 year old companies going for 6-7%, all you need is a stockbroker.
ThrowMamaFromTheTrain
Mine just went up to 1.15% APR
zucchino
You cannot get 3% interest on a savings account in the US. You might with a conservative investment account. Banks will offer less than 1%.
12rt2345g342563
The best interest rate I can find anywhere in the US is 1.2% If anyone knows of a better one please share.
seedye
If you're near a branch...https://www.twinstarcu.com/checking/kasasa-cash
Kabe59
In México, 3 percent is also common
meltdown2
3%-5% had been normal in the US until the housing collapse. The Fed has kept rates so low that savings accounts are paying next to nothing.
ThrowMamaFromTheTrain
It's how you steal from the future.
MmmTacos
Counting inflation it cancels out the 3% so it's back down to zero.
P0kEy
US banks give out .5% interest on savings accounts. Yes, you read that right and the decimal is not a typo. You get less than 1% interest!!!
UrsaUrsa
Meanwhile in my country, some banks have reduced interest to 0%. Yes, zero.
Azated
It probably equals out. Shit is fucking expensive here, average cost of a game is $100. 1 piece of kfc chicken is $3.
IrishBarBalm
Asked a local bank about CDs and they said something like 0.75% interest for letting them have my money for 2 years. dafuk?
Drhoges
I don't think a 3% savings account is all that difficult to find
Lilly64
20 years ago maybe. You're lucky to find 1% now without strings attached
ReadySteadyYo
Think everyone here is ignoring the difference in central bank rates. You can get 3% easily in many countries.
unefemmeingenieur
Are you joking? 1% is like finding a unicorn right now. And if you do find that it's an exclusively online bank
dlarrydlarry
CDs aren't even at 2 percent jnless you're going 5-10 years
ProfessorExpert
What I would do to have CD rates like they were in the 80s and 90s... born too late
leoszliard
Best I could find is 1%
CyTuba1441
Please point it out. Im used to like 0.3%
BowtieAskew
Discover is around 1.1%. Highest I've seen around. Though I think Credit Unions may have some higher.
Paninisareallevil
Your grandma would say that that's a lot and you should be thankful cause her savings account consists of buried treasure in the back yard
Drarra
Interest unfortunately is nowaydays. Maybe you are thinking of investments in stock market! That works but bears risks of course...
Drarra
However it's an calculable risk as long as you can survive without the funds for 5 years which is about the time needed to overcome a crisis
brevemike
Difficult no, impossible yes.
DownvotesMakeMeMoist
1 billion dollars would give you the ability to spend over 2000 dollars a day for over 200 years.
NeverGetsTheNuke
How much money down it take to eat and shelter myself, have Netflix, and have all of the money in the world? Probably in that ballpark.
FoxGodRecords
Uh… All of it, DUH!
CluelessTennisball
all of it
ChallengerDeep
How much money does one person actually need? IMO as much as they can get, as long as they're not doing evil.
AsABiologistWhoIsNotFunAtParties
But what counts as evil? Killing someone; of course. What about choosing to let people die/suffer when you have the power to stop it?
KPopGirlKimi
I'm pretty sure they would WANT all that money, but to truly NEED millions and billions? Not likely.
Frappo
Shit, I'd just like to be able to pay my bills every month and have a little left over for a nice dinner with my grandmother.
MrMooobs
You don't want to be able to save for emergencies? Or be able to give to the less fortunate? Build homes for homeless? End hunger?
AlwaysandEventuallyHannah
Woah, settle down there Richie Rich. We can't afford dreams THAT expensive
Corbinator
Can't even afford the funeral so I keep her body in my car to use the carpool lane.
firedove
I want to be able to pay my bills, have enough leftover to stick some in my savings, and also buy groceries. As it is, I have no savings. :(
nonah
Bills include credit card bills right? Swipe the card and you can have thirty dinners a month even without anything leftover after bills.
theoneontheleftintheback
but how much is that? just curious.
dukenukemforpresident
Three mil give or take
theoneontheleftintheback
a month?!
dukenukemforpresident
Week, i like to limit my spending.
TheLark
Exactly this. My God, my wife and I are living this dream
arutaki
I miss my grandmother :'(
AgentOfEarth616
Upvote for grandma
TheCrackalackinMcCracken
I know how you feel mate
tracereading
I could live comfortably on 28k a year.
AlwaysandEventuallyHannah
I lay in bed at night dreaming of the day when I get a surprisingly high power bill and think "Oh! Well no worries, I can take care of that"
flippywizgig
Happy Gilmore?
fatal762001
Damn, you brought tears to my eyes, i can contribute with an upvote.
itsapirateslifeforme
This is the most wholesome comment I've ever witnessed on here with regards to money.
SciNZ
They said *enough* money. Not that they'd specifically spend it on this.
Oscar408
*goes out and gets hookers*
RedTree6767
I'd love to pay for you two to have a nice dinner together. PM me and I'll send you a gift card or something.
FoxGodRecords
But if you don't invite grandma, you could have TWO nice dinners. Ehhh…? Huh…? Yeah!
dukenukemforpresident
Three if you eat grandma
Chewbaccabra
What about grandpa?
HorribleMonster
That's just SO last week, man.
Evilcampincalf
Needs more upvotes
FoxGodRecords
Got mine.