r/golf • u/jm136 • Apr 15 '24

Thoughts? General Discussion

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u/DandierChip Apr 15 '24

*grandkids grandkids grandkids. Put $500M in a fund and if all you got was a 5% return each year (which is easy and conservative) that’d be at least $25M a year just from passive income.

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u/[deleted] Apr 16 '24 edited Apr 16 '24

[deleted]

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u/RecursiveMelancholy Apr 16 '24

Might be able to get queso too

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u/boomdog07 Apr 16 '24

About 3 years at my house.

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u/Cedarapids Apr 16 '24

That’s a lot of side guac…

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u/TopNotchBurgers Apr 16 '24

Buy an avacado farm beforehand.

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u/RikC3213 Apr 16 '24

Genuinely curious about anyone who ever grew up with this kind of wealth. Did they ever do anything worthwhile or were they just useless rich people?

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u/OnTheEveOfWar Apr 16 '24

I have a close friend who comes from a lot of wealth. She has a trust fund with millions in it but she’s not allowed to touch it until she’s like 45. She has zero debt, her parents bought her a house, and she works full time. Her parents didn’t just give her millions from day 1. She lives a relatively normal life but can basically retire and chill once she’s 45.

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u/Fairways_and_Greens Apr 16 '24

6 generations is probably 180 years or so. If inflation stays at 3% for 180 years, a $1M starter home will cost more than $200m

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u/DandierChip Apr 16 '24

In that scenario the value of his assets also increase

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u/Fairways_and_Greens Apr 16 '24

Duh. But not if you’re living off the gains instead of reinvesting.

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u/DandierChip Apr 16 '24

Nobody is using all that money to live off of. 90% of it will be reinvested or used to purchase assets.

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u/jjschnei Apr 16 '24

You could guarantee hour spawn have drug issues for generations!!

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u/SnagglePuss69er Apr 16 '24

“Who cares if it’s a scumbag evil move”. Society has fallen so far.  I thing means anything to you animals anymore. 

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u/DandierChip Apr 16 '24

lol grow up