Grayox@lemmy.ml to Work Reform@lemmy.world · 1 year agoOne Mississippilemmy.mlimagemessage-square78fedilinkarrow-up1957arrow-down125
arrow-up1932arrow-down1imageOne Mississippilemmy.mlGrayox@lemmy.ml to Work Reform@lemmy.world · 1 year agomessage-square78fedilink
minus-squareFester@lemm.eelinkfedilinkEnglisharrow-up18·1 year agoAt a modest average annual dividend yield of 4%, $1 million in investments will generate $40,000 in income. $1 billion will generate $40,000,000.
minus-squarespankinspinach@sh.itjust.workslinkfedilinkarrow-up4·1 year agoThis is the best way to explain it I’ve seen. Tell me those billionaires are struggling 🙄
minus-squarei_simp_4_tedcruz@lemmy.worldlinkfedilinkarrow-up1·1 year agoThat’s how multiplication by 1000 works
minus-squareGrayox@lemmy.mlOPlinkfedilinkarrow-up1arrow-down1·1 year agoHot damn that is a good way to contextualize it.
At a modest average annual dividend yield of 4%, $1 million in investments will generate $40,000 in income. $1 billion will generate $40,000,000.
This is the best way to explain it I’ve seen. Tell me those billionaires are struggling 🙄
That’s how multiplication by 1000 works
Hot damn that is a good way to contextualize it.