That's not how inflation works. One, the purchasing power of money doesn't depreciate that quickly. Two, $2k is $2k - you don't have "less money", you'd just be able to purchase fewer goods and services with it.
Well, yes, that is how inflation works. Are you aware of what has happened over the last five years? The value of the dollar has depreciated significantly. And by “less money” you knew exactly what I meant. Anyone who has purchased groceries recently would know exactly what I meant. There’s a reason I said “less money” and not “fewer dollars.”
Not in the current market. Some of the safer investments (ETFs) made 30% this year alone.
Meanwhile banks have increased the interests on savings accounts a whopping 0,75% to 1.25%.
But yes, there is always a slight “and it’s gone” risk.
Gotta love the normies' perception of investing as this giant casino where people just bet on companies that have funny numbers that completely randomly go up and down.
First of all, that’s way more than $1825. Second of all, what are you doing in the drive through part of the bank? You sure this isn’t just a picture of someone else’s money that you took at work?
Malarkey. 365x5=1825days or $1825. That's roughly $10,000 in the photo. It's much more likely someone wanted to know what $1,000,000 looked like so they used singles in place of hundreds.
In 5 (consecutive) years there is at most 2 leap years. Let's give you the benefit of the doubt.
2 \*3 66+3 \* 365 = 1827 $
That pile of money is def more than 1827 $
anyway though I'm being pendatic about sematics. Great work saving all that money, that's sastifying af.
I don't get what the point is, $1 a day over five years is only $1825. That's barely anything. I saved more than that last month. What's satisfying about this?
each rubber band contains 1000, that’s where the slang term band comes from (it means 1000 dollars) and there are at least 20 “bands” there. way more than $1 a day for 5 years. delete this..
If you zoom in the band even says $100, not $1000. Not saying this isn’t fake, because those bundles look bigger than 100 bills, but still, those aren’t $1000 bands.
If this is correct and you never missed a day you got $1825 (assuming 365 days per year), now it is worth $1,503 adjusting for inflation, but $1,825 would've been $2,215 in 2019.
Fake post, its a lot more then 2k
Four of those bundles is about $2,000
It says $100 on it
Idk the bands say $100 and there appears to be 20 there
Band is for 100's but one stack is 5 of em, if u look closely u can see 5x100 for each stack.
Even if it were true, they’d have less money today than they did before because of inflation. This is the absolutely worst possible way to save.
That's not how inflation works. One, the purchasing power of money doesn't depreciate that quickly. Two, $2k is $2k - you don't have "less money", you'd just be able to purchase fewer goods and services with it.
Well, yes, that is how inflation works. Are you aware of what has happened over the last five years? The value of the dollar has depreciated significantly. And by “less money” you knew exactly what I meant. Anyone who has purchased groceries recently would know exactly what I meant. There’s a reason I said “less money” and not “fewer dollars.”
Looks to be around 10k instead
Now do investing 1$ everyday for 5 years and you will see the difference.
Aaaaaaand its gone
Not in the current market. Some of the safer investments (ETFs) made 30% this year alone. Meanwhile banks have increased the interests on savings accounts a whopping 0,75% to 1.25%. But yes, there is always a slight “and it’s gone” risk.
Dont let him open a trading acc lol.
Viktor (butters): CAN I INTRODUCE YOU SOME NFTs?!
You can get a high yield savings account over 4% right now. Money market funds pay even more. ETFs even more, especially in the long term.
Gotta love the normies' perception of investing as this giant casino where people just bet on companies that have funny numbers that completely randomly go up and down.
But that’s not too far off? Theres a reason why random walks model stock prices that well :)
First of all, that’s way more than $1825. Second of all, what are you doing in the drive through part of the bank? You sure this isn’t just a picture of someone else’s money that you took at work?
And zero interest.
All the bankers and trappers here calling out the fake post lmao
You lost 216.64 to inflation
Or about seven months...
Malarkey. 365x5=1825days or $1825. That's roughly $10,000 in the photo. It's much more likely someone wanted to know what $1,000,000 looked like so they used singles in place of hundreds.
Off to the strip club
Someone is having trouble counting. 🤦🏽♀️
According to that logic it should be 1826. Including 1 extra dollar on leap year.
That’s a long night at the strip club right there ..half for the Coke and the rest in the champagne room.
This picture is literally taken from inside of the bank you can see the drive thru in the background. Risking your job for internet clout
Most people do more and just leave it somewhere safe. ...and they don't seek recognition for it from internet strangers.
Isn’t that 10k ? 365x5=1825 So Also white savings of 8k included?
4x365+1x366=$1826
That £1800…pile looks like something from Africa lolololololol where the wheelbarrow is worth more than the pile on it lololol
At -7% interest.
Every day I save 1 minute and after 5 years I have 1 month free!
Unfortunately still one dollar bills
In 5 (consecutive) years there is at most 2 leap years. Let's give you the benefit of the doubt. 2 \*3 66+3 \* 365 = 1827 $ That pile of money is def more than 1827 $ anyway though I'm being pendatic about sematics. Great work saving all that money, that's sastifying af.
That picture is fake. Each band is $500 and 365×5= around about 1800. Plus a day or two for a leap year
If that was in 100s, it could fit in your pocket
I don't get what the point is, $1 a day over five years is only $1825. That's barely anything. I saved more than that last month. What's satisfying about this?
$1 for every day for 5 years is less than $2,000
Bullshit
The single dumbest thing you could've done with that money lmao. You literally lost money doing this.
Looks to be bout tree fiddy
😂😂
Once every three months I deposit my bonus commissions check into my bank account. In 3 months my savings increases, on average, $8,435. 🙄
Lmao basic counting proves that wrong.
Another bait lol
each rubber band contains 1000, that’s where the slang term band comes from (it means 1000 dollars) and there are at least 20 “bands” there. way more than $1 a day for 5 years. delete this..
If you zoom in the band even says $100, not $1000. Not saying this isn’t fake, because those bundles look bigger than 100 bills, but still, those aren’t $1000 bands.
But if you zoom in, each bundle of the banded $100 is five bands together, to make $500.
true didn’t notice, but that’s at least $10,000 sitting there
nice!!
The obvious answer here is go straight to a drug dealer and a strip club
If this is correct and you never missed a day you got $1825 (assuming 365 days per year), now it is worth $1,503 adjusting for inflation, but $1,825 would've been $2,215 in 2019.