These so called “Finfluencers” are getting worse! Nearly 300,000 views and 200 bookmarks 🤦🏻
Sean Cohen
1mo
So many problems with this post, I don’t know where to start. Firstly the maths is a joke. Secondly no consideration for tax. Thirdly interest rates are variable and will come down soon. And finally, asking the general public why they don’t just quickly find $2m is hilarious 🤣
Tax. Inflation.
Taras Rybak
1mo
Or it could be a clever marketing trick to get more attention with such a joke ) You post some random stuff like this -> everyone starts commenting/correcting, etc. -> he gets more followers (or whatever he is after). Readers can also learn a lesson from this. Don't trust everything that you read/see ) That is actually one of the main problems I see these days. Many people just don't THINK for themselves...
Nathan Block
1mo
Mistakes happen. What's more problematic is that he did the math, looked at the result, and then didn't immediately see it was way, way off. Ran across something like this recently on LinkedIn (though not nearly as egregious) and privately pointed it out to the poster. They couldn't even see it even when showed the math. If you can't do basic math I'm probably not going to trust you with my money...
Justin Britto
1mo
I'm pretty sure the savings rate would need to be 10.5% to earn that $250K.
Samantha Russell
1mo
Hahahahah I know it’s not meant to be funny, but this actually made me laugh out loud
Mark Tinker
1mo
to answer his question...because they can 'do math'?
Ray Dragunas
1mo
The math ain't mathing here. People are getting desperate and chasing shiny solutions. Like those telling people to get compounding accounts and just earn 2% a day without loss and you're good. If you're that good open a hedge fund and you'll be flooded with more money than you can manage.
Either a lot of people here are unable to detect satire / sarcasm, or there's an extreme amount of meta-sarcasm going on... 🤔
Kaldi Financial Technology. Transforming the finances of Gen Z and Millennials
1moIf you'd put £10k on Mon Mome to win the 2009 Grand National and then invested the entire 100/1 proceeds in BitCoin, then you'd now have.....(fill blank). Why didn't more people do it, I wonder?