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Becoming a millionaire
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Windmill
Feb 6, 2012, 4:24:14 AM2/6/12
to
Passed a piggy-bank in an Easter Rd. window last week which said
"Millionaire in the making".
By my rough calculation, a kid who put in 10p. per day would become a
millionaire in about 300,000 years.
Something to think about when pondering on subjects like remuneration
committees.
--
Windmill, Til...@Nonetel.com Use t m i l l
J.R.R. Tolkien:- @ O n e t e l . c o m
All that is gold does not glister / Not all who wander are lost
"Millionaire in the making".
By my rough calculation, a kid who put in 10p. per day would become a
millionaire in about 300,000 years.
Something to think about when pondering on subjects like remuneration
committees.
--
Windmill, Til...@Nonetel.com Use t m i l l
J.R.R. Tolkien:- @ O n e t e l . c o m
All that is gold does not glister / Not all who wander are lost
Richard Tobin
Feb 6, 2012, 10:41:38 AM2/6/12
to
In article <Lyyss...@freebie.onetel.net.uk>,
-- Richard
Windmill <spam-n...@Onetel.net.uk.invalid> wrote:
>By my rough calculation, a kid who put in 10p. per day would become a
>millionaire in about 300,000 years.
You're being unduly pessimistic - it would only take about 30,000 years.
>By my rough calculation, a kid who put in 10p. per day would become a
>millionaire in about 300,000 years.
-- Richard
Windmill
Feb 6, 2012, 8:32:34 PM2/6/12
to
I passed the shop, not that it would make much difference to the kid.
Anyway, I was about as accurate as the people who cost parliament
buildings, tram projects, aircraft carriers, large IT projects, and the
like.
Funny thing, though. Tax cuts for people like Richard Branson are
sometimes advocated because of the presumed trickle-down effect (though
one cannot be sure in what direction the cash will trickle - it might
leave the country entirely), whereas huge government expenditures are
presumed to represent money which has been 'lost', vanished, ceased to
exist.
Derek F
Feb 7, 2012, 10:51:37 AM2/7/12
to
On 06/02/2012 09:24, Windmill wrote:
> Passed a piggy-bank in an Easter Rd. window last week which said
> "Millionaire in the making".
>
> By my rough calculation, a kid who put in 10p. per day would become a
> millionaire in about 300,000 years.
>
> Something to think about when pondering on subjects like remuneration
> committees.
>
>
Supposing when he started work that he then put in the price of a packet
> Passed a piggy-bank in an Easter Rd. window last week which said
> "Millionaire in the making".
>
> By my rough calculation, a kid who put in 10p. per day would become a
> millionaire in about 300,000 years.
>
> Something to think about when pondering on subjects like remuneration
> committees.
>
>
of fags a day for fifty years.
Derek
Halmyre
Feb 7, 2012, 12:37:55 PM2/7/12
to
On Feb 7, 1:32 am, spam-no-s...@Onetel.net.uk.invalid (Windmill)
wrote:
> rich...@cogsci.ed.ac.uk (Richard Tobin) writes:
> >In article <LyyssE....@freebie.onetel.net.uk>,
great height too.
--
Halmyre
wrote:
> rich...@cogsci.ed.ac.uk (Richard Tobin) writes:
> >In article <LyyssE....@freebie.onetel.net.uk>,
> >Windmill <spam-no-s...@Onetel.net.uk.invalid> wrote:
> >>By my rough calculation, a kid who put in 10p. per day would become a
> >>millionaire in about 300,000 years.
> >You're being unduly pessimistic - it would only take about 30,000 years.
>
> You're right, of course. Somehow an extra zero must have slipped in as
> I passed the shop, not that it would make much difference to the kid.
>
> Anyway, I was about as accurate as the people who cost parliament
> buildings, tram projects, aircraft carriers, large IT projects, and the
> like.
>
> Funny thing, though. Tax cuts for people like Richard Branson are
> sometimes advocated because of the presumed trickle-down effect (though
> one cannot be sure in what direction the cash will trickle - it might
> leave the country entirely), whereas huge government expenditures are
> presumed to represent money which has been 'lost', vanished, ceased to
> exist.
>
Hah, the trickle-down effect. Yep, we all get trickled on, and from a
> >>By my rough calculation, a kid who put in 10p. per day would become a
> >>millionaire in about 300,000 years.
> >You're being unduly pessimistic - it would only take about 30,000 years.
>
> You're right, of course. Somehow an extra zero must have slipped in as
> I passed the shop, not that it would make much difference to the kid.
>
> Anyway, I was about as accurate as the people who cost parliament
> buildings, tram projects, aircraft carriers, large IT projects, and the
> like.
>
> Funny thing, though. Tax cuts for people like Richard Branson are
> sometimes advocated because of the presumed trickle-down effect (though
> one cannot be sure in what direction the cash will trickle - it might
> leave the country entirely), whereas huge government expenditures are
> presumed to represent money which has been 'lost', vanished, ceased to
> exist.
>
great height too.
--
Halmyre
The Real Doctor
Feb 7, 2012, 3:13:36 PM2/7/12
to
On 06/02/12 15:41, Richard Tobin wrote:
> You're being unduly pessimistic - it would only take about 30,000 years.
A lousy 0.01% annual interest, compounded and calculated daily, would
> You're being unduly pessimistic - it would only take about 30,000 years.
bring it down to 13,190 years and 6 months. At 1% interest, 792 years.
At 5% interest, 145 years.
Ian
The Real Doctor
Feb 7, 2012, 3:15:21 PM2/7/12
to
On 07/02/12 15:51, Derek F wrote:
>
> Supposing when he started work that he then put in the price of a packet
> of fags a day for fifty years.
That's what, about four quid a day? At 4% annual interest, £233,171.
>
> Supposing when he started work that he then put in the price of a packet
> of fags a day for fifty years.
ian
Derek F
Feb 7, 2012, 5:23:52 PM2/7/12
to
Derek
Windmill
Feb 7, 2012, 7:18:39 PM2/7/12
to
Windmill
Feb 7, 2012, 7:19:36 PM2/7/12
to
The Real Doctor
Feb 8, 2012, 4:13:53 AM2/8/12
to
On 08/02/12 00:19, Windmill wrote:
> And at 10%, within the kid's probable lifetime.
Yup. Seventy nine years and three months.
> And at 10%, within the kid's probable lifetime.
Ian
Brian Howie
Feb 8, 2012, 1:21:42 PM2/8/12
to
In message <jgs0lh$b0b$1...@dont-email.me>, The Real Doctor
<ian.g...@btinternet.com> writes
Minus the taxman's slice, income and inheritance.
Brian
--
Brian Howie
<ian.g...@btinternet.com> writes
Brian
--
Brian Howie
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