FaRmLaNd said: There really isn't that much of a difference between having 50 million and 100 mill in the bank so I wouldn't really care. |
Oh, but there is. If you had that much money, you would be an idiot to have the money in a bank. The rule of 72 basically says that at 7% interst, your money doubles every 10 years. If you make 50 M a year for 10 years, you will have SIGNIFICANTLY less money than if you make 100 M a year. That extra money gives you more power and control. You can buy an isalnd, own a private jet, have a set of mansions, or start a foundation and support a cause you deeply care about so that you know that you made a large difference in the world, unlike 99.5% of the population. Granted, you could still do those things with the 50 M, but not as well. 50M a year isn't just half of 100M a year, especially when that money is invested and is compounding exponentially.