This is basic econ logic, the marginal utility of a dollar gradually decreases as you get richer which means that it makes sense for people on the left hand edge of the chart to be extremely risk averse
-
-
They didn't "get rich" If they had the money to put in, they WERE rich A lot of Millionaire Next Door rhetoric is just muddling the psychological effects of delayed gratification with actual investment returns, which aren't that huge
-
If they didn't invest in anything at all but just put large amounts of their income in cash buried under their mattress, then when they finally took it out from the mattress they'd "feel rich" all of a sudden too, even with zero RoI (or negative RoI from inflation)
- Show replies
New conversation -
-
-
This Tweet is unavailable.
-
Hyping up the power of compound interest to turn $120k into $1 million if you don't touch it at all for forty years is not that impressive, especially if you don't include inflation
End of conversation
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.