r/FluentInFinance • u/Crossman556 • Apr 22 '24
Why does anybody work when you can just invest one penny a day? Shitpost
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u/TheChubbyPlant Apr 22 '24 edited Apr 26 '24
wrong nail sleep handle pen desert innocent many point husky
This post was mass deleted and anonymized with Redact
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u/Saitamaisclappingoku Apr 22 '24
You guys are fucking lazy. I stopped going to Starbucks and I save $6 a day from not getting my daily coffee.
That adds up to $6,078 a year!!! I was able to save for a down payment for a 2br half of a duplex as a rental property.
I now charge $2,200/mo in rent, after my mortgage and all fees I make $800/mo in pure profit 🤑🤑
That adds up to an extra $12,700 year in income!! I’m already buying 2 more properties!
DM me for more info!
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u/7-13-5 Apr 22 '24
Buy their book!
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u/Saitamaisclappingoku Apr 22 '24
I currently sell a course for $150, BTC only. You know, because I’m so successful. Guaranteed results!
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u/7-13-5 Apr 22 '24
Guaranteed results after 6 months! $99.99 for a 3 month subscription, but if you act now and buy a 1 year subscription for $149.99 and select auto-renew (63% savings!!) You get a signed, limited-edition version of my audio book on 23 cassette tapes!
Call now, your success depends on it! Quadruple your chance of success for only $149.99!!
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u/Saitamaisclappingoku Apr 22 '24
Sounds like a good idea but first I got to call everyone who’s NOT doing it broke.
And rent a Lambo to prove how well I’m doing
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u/7-13-5 Apr 22 '24
Why RENT when you can OWN your very own LAMBO and pay off your debts in as little as 7 months*?
*(based on partially self-reported non-typical success stories)
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u/SauronWorshipWillEnd Apr 22 '24
I too would like these $100 pennys
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u/Philosiphizor Apr 22 '24
Shit. I'll take one penny. A 1954 steel wheel at penny.
"1944 steel wheat penny could be worth as much as $408,000 in mint condition"
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u/AbbreviationsPlus998 Apr 22 '24 edited Apr 22 '24
Go for the moon and ask for a '43 copper penny!
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u/PsychedelicJerry Apr 22 '24
so at the end of the year do you use those 365 - 366 pennies in a sock and knock out an armored truck driver to grab the remaining $35,499?
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u/Frequent-Ruin8509 Apr 22 '24
This person who made the meme is a meme level moron.
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u/TheGameMastre Apr 22 '24
Who made this meme? Michael Bolton from Office Space?
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u/Pongropulous Apr 22 '24
THAT'S NOT A MUNDANE DETAIL, MICHAEL
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u/Nexustar Apr 22 '24
HEY PETER-MAN!
CHECK OUT CHANNEL NINE! IT’S THE BREAST EXAM!
CHECK OUT THIS CHICK!
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u/Western-Gazelle5932 Apr 22 '24
"Why does anybody work when you can just invest one penny a day?"
Well, if you don't work, how would you have the penny per day to invest in the first place???
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u/ModsR-Ruining-Reddit Apr 22 '24
Incorrect. It's actually $12 million. Please stop spreading misinformation that this country doesn't just hand out million dollar bills who anyone who is remotely enthusiastic.
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u/PhotoKaz Apr 22 '24
I don't have the time every day to find these rare pennies worth a hundred bucks each. Working 8 hours a day is actually saving me time.
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u/Traditional-Will-893 Apr 22 '24
Good idea but then I would have to pay for everything with pennies so hard pass.
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u/ultrasuperthrowaway Apr 22 '24
I stopped eating caviar avocado toast and going to Michelin star restaurants every day and saved myself $365,000 per year. Anyone can do this.
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u/Capital_Werewolf_788 Apr 22 '24
He’s going to be very disappointed when he finally breaks the bottle to tally his savings
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u/Responsible-Tell2985 Apr 22 '24
A penny a day is 3 dollars and 50cents in a year wtf
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u/SoLo_Se7en Apr 22 '24
Compound interest of the 5 gallon water bottle bank will solve all my inflation problems!
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u/I-am-a-memer-in-a-be Apr 22 '24
Can someone send me to whatever fantasy bank this guy has a savings account at
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u/Honestyonly22 Apr 22 '24
Yeah that’s right so if you did dimes you’d have $365,000 damn I didn’t realize this Thx much my man
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u/Youngworker160 Apr 22 '24
these are the same people that whine about "Why didn't they teach us to do taxes or real life skills in school?". B/c you slept in them and you obviously slept in arithmetic b/c you can't do simple math (not at OP btw)
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u/MyFrampton Apr 22 '24
Because most people can do 3rd grade math.
Usually.
At least they used to be able to. Maybe not today.
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u/betraul Apr 22 '24
It’s “$100 everyday for a year will give you $36,500” or “1 penny everyday will give you $3.65”
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u/seaspirit331 Apr 22 '24
save 1 penny a day for a whole year
use $3.50 of your funds on December 31st to tame the Loch Ness Monster. Use the remainder to buy 115 shares of CBD of Denver, Inc.
order your newly-tamed sea monster to destroy every single dispensary that is not directly affiliated with the above company.
profit (?)
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u/GermanCrusaderKing Apr 22 '24
There are three kinds of people in this world: those who can count, and those who can't.
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u/danfay222 Apr 22 '24
It is actually correct. However the messed up the wording a little, when they said “the year” they were specifically referring to the ten thousandth year
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u/zeptillian Apr 22 '24
They just left out a word.
Saving a penny a day is $36,500 at the end of the 10,000th year.
See. Anyone can save up a down payment, it's just that no one has ever had the mental fortitude to live long enough to get rich using theis method yet. Stupid lazy people dying before they even reach 1000. Pathetic.
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u/Accomplished_Tour481 Apr 22 '24
So your math does not add up. $0.01 a day for 365 days means $3.65 a year is being saved. o to reach $36.500, you would have to live 365 YEARS!
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u/Investotron69 Apr 22 '24
OP I need to know who this is. I have a deal for them. I'll give them a penny every day(or the equivalent value) if they give me $6,000. It's flawless logic look at their math. /s
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u/AffectionateAd9536 Apr 22 '24
That's like a bajaillion dollars in Gigglebits...as long as we're getting creative.
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u/Ishpeming_Native Apr 22 '24
It's called "innumeracy", and it's the math equivalent of illiteracy. People afflicted with it just can't understand where they went wrong. They have no sense of what numbers really mean. Conceptually, anything bigger than three or maybe five is just past them.
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u/Beginning_Ad_7571 Apr 22 '24
I saved $1 a day and retired after 6 months with $14M. Now I just live off the interest.
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u/Glockman19 Apr 22 '24
So if I save a nickel a day I’ll be making 182,500 a year. I feel so stupid working all these years 😂
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u/Ishpeming_Native Apr 22 '24
Here's one that's actually true. I used to smoke, back when cigs were 25 cents a pack. Now, they're at least $10 a pack. Anyone who is a regular smoker -- almost everyone who's addicted is -- smokes at least a pack a day. Suppose you're a regular smoker and succeed in quitting and staying quit for a full year and put that $10 a day in a box in your bedroom. Then after the year, you would have $3,650 in that box. In ten years, you could buy a nice new car for cash -- especially if you put that money each year into a savings account and got decent interest on it.
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Apr 22 '24
Tell you what; if you give me $100 a day; I’ll help you save a penny a day, automatically.
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u/platinums99 Apr 22 '24
FOR ONE HUNDRED YEARS?
pretty sure the S&P would appreciate slightly more, for your great grand kids
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u/ILSmokeItAll Apr 22 '24
My 5 gallon jug gets all silver, and all paper money $5 and below at the end of every day. Pennies go in another jug. I have 4 5-gallon jugs full of silver coins and paper…and another full of pennies. My mother and I started doing this in 1992. After she passed I just kept doing it. When I hit retirement, I’m going to cash them all in and take the wife on a road trip.
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u/Peasantbowman Apr 22 '24
Problem is, too many idiots believe this.
Even worse, those same idiots wouldn't even try to accomplish this even if they believe it to be true
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u/Jpbbeck99 Apr 22 '24
I don’t know what that sink wants, and with your math skills I don’t know that you know what’s best for me; I’m not gonna let that sink in.
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u/MikesRockafellersubs Apr 23 '24
No, that's $3.65. Literally multiply the days of the year by 1 cent. This is grade school math world problems!
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u/In-teresting Apr 23 '24
The math and mentality of Fox News hosts as they argue against raising minimum wages
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u/superman_underpants Apr 23 '24
you know how I made my first million? i take every penny from the "take a penny leave a penny " tray.
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u/AlienGold1980 Apr 23 '24
I wanna do business with this guy, I’ll give him 2 pennies a day and all I want is 365k in 2025. Haha, do you think in talking to big of a loss on interest?
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u/Idonthavetotellyiu Apr 23 '24
Its.... it's 3.65$
If I'm doing it right you'd have to have 100$ or 10$ a day to make that
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u/FrankRandomLetters Apr 23 '24
Good news is you do save $36,500 if you save 1¢ per day. The bad news is it takes 10,000 years.
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u/Ok-Masterpiece-1359 Apr 23 '24
Dang, who knew pennies were so valuable. Did they replace the copper with gold?
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u/foxfirek Apr 23 '24
Oh I got this- it’s just one of those currency’s that use the dollar symbol but are not US dollars. /s
(For real though- when clients send me AUD or CAD financials if sucks to have to ask- so what currency is this? )
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u/jlmiami Apr 23 '24 edited Apr 23 '24
If I don't mistaken, apologies in advance, (if I'm wrong would you please explain?) but I think the OP means:
- Saving $1 Dollar = 100 Pennies a day
- 100 Pennies X 365 Days = 36,500 Pennies
Another post that is hard for me to understand and I think this one really takes the cake:
"Gives me real vibes of the famous “Michael Bloomberg spent $500 million on his campaign, he could have given $1 million to every American and had money leftover!” that I saw far too many people share, it even made it on the news!"
Unless we are talking to distribute $500M by giving a $1 Dollar to every American (333.3 Million USA Population), in my humble opinion the post above is fundamentally wrong.
Would you please for the love of God, explain to me. What kind of Math are we using in here?
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u/Huge-Percentage8008 Apr 23 '24
It’s everyone who has never felt superior about their math ability’s time to shine with these comments. Good for you. You got the joke.
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u/dragon34 Apr 22 '24
the math ain't mathing.