return2ozma@lemmy.world to Not The Onion@lemmy.worldEnglish · 4 months agoPeloton’s former billionaire CEO says he’s lost all his money and had to sell his possessionsfinance.yahoo.comexternal-linkmessage-square26fedilinkarrow-up1193arrow-down18cross-posted to: upliftingnews@lemmy.world
arrow-up1185arrow-down1external-linkPeloton’s former billionaire CEO says he’s lost all his money and had to sell his possessionsfinance.yahoo.comreturn2ozma@lemmy.world to Not The Onion@lemmy.worldEnglish · 4 months agomessage-square26fedilinkcross-posted to: upliftingnews@lemmy.world
minus-squarematt1126linkfedilinkEnglisharrow-up10·4 months agoYou could live comfortably on the interest alone on $6 million, even with just a 1% AER you’d be getting $5k gross per month. So yeah, fuck that guy.
minus-squareTheRealKuni@lemmy.worldlinkfedilinkEnglisharrow-up5·4 months agoExactly. Although you can conservatively invest like, two thirds of it, and live much more extravagantly than $5k per month and still never run out.
minus-squarematt1126linkfedilinkEnglisharrow-up3·4 months agoFor sure, not financial advice but more of an indication of the absurd amount of money $200+ million is.
You could live comfortably on the interest alone on $6 million, even with just a 1% AER you’d be getting $5k gross per month.
So yeah, fuck that guy.
Exactly. Although you can conservatively invest like, two thirds of it, and live much more extravagantly than $5k per month and still never run out.
For sure, not financial advice but more of an indication of the absurd amount of money $200+ million is.