I have no idea how much retirement would cost (with buffer for needing care in advanced age since we have no children), so I pulled a number out of my ass with a lot of buffer
If invested and it grows, that’s just more I can give away later. Again with the childless thing, anything we had left would go to charitable causes
50 mil is 5% of a billion dollars so ~95% of what I got would be moved to decent causes from the get-go
Perfect is the enemy of good and I never claimed to have some moral highground to begin with. Doing (at least in my opinion) good things with 95% of the money given to me certainly is better than 0% of it.
It cracks me up that people are like “Hoarding a billion dollars is just morally wrong, so I’ll hoard $50 million instead and be a good person.”
Pick a lane, people. Hoard the wealth or don’t hoard the wealth, but stop feeling guilty about an imaginary scenario.
That’s two orders of magnitude different. It’s like a dollar versus a hundred dollars. That doesn’t sound hypocritical at all.
It’s not though?
1,000,000,000/50,000,000 = 1:20 ratio
It’s like $20 vs. $1
Except it’s still not that. Because whether you’ve got $1 or $20, it’s still a negligible amount of money.
$50 million is enough money to easily collect $1,000,000 in interest every year. Use that as income, keep the rest invested and it would still grow.
Generational wealth. The kind of wealth that creates people like Donald Trump. More money than any single person needs.
Again, those are an order of magnitude different.
Yeah…you’re going to have to remind me again what point you’re trying to make?
An order of magnitude isn’t negligible.
A few things: