I am going to open a bank account for you...
Discussion
This is how the first quarter-century would work out:
1 £100
2 £300
3 £700
4 £1,500
5 £3,100
6 £6,300
7 £12,700
8 £25,500
9 £51,100
10 £102,300
11 £204,700
12 £409,500
13 £819,100
14 £1,638,300
15 £3,276,700
16 £6,553,500
17 £13,107,100
18 £26,214,300
19 £52,428,700
20 £104,857,500
21 £209,715,100
22 £419,430,300
23 £838,860,700
24 £1,677,721,500
25 £3,355,443,100
1 £100
2 £300
3 £700
4 £1,500
5 £3,100
6 £6,300
7 £12,700
8 £25,500
9 £51,100
10 £102,300
11 £204,700
12 £409,500
13 £819,100
14 £1,638,300
15 £3,276,700
16 £6,553,500
17 £13,107,100
18 £26,214,300
19 £52,428,700
20 £104,857,500
21 £209,715,100
22 £419,430,300
23 £838,860,700
24 £1,677,721,500
25 £3,355,443,100
At least 10 years, I'll be 52. By that time it will be enough to clear my mortgage with some to spare.
If work was a problem or I was too stressed/unhappy then I'd probably cash out, clear the mortgage and look for a lower paid job to pay the bills. If work was fine then I would hold out another 5-6 years and then retire with a nice little nest egg.
If work was a problem or I was too stressed/unhappy then I'd probably cash out, clear the mortgage and look for a lower paid job to pay the bills. If work was fine then I would hold out another 5-6 years and then retire with a nice little nest egg.
LimaDelta said:
This is how the first quarter-century would work out:
1 £100
2 £300
3 £700
4 £1,500
5 £3,100
6 £6,300
7 £12,700
8 £25,500
9 £51,100
10 £102,300
11 £204,700
12 £409,500
13 £819,100
14 £1,638,300
15 £3,276,700
16 £6,553,500
17 £13,107,100
18 £26,214,300
19 £52,428,700
20 £104,857,500
21 £209,715,100
22 £419,430,300
23 £838,860,700
24 £1,677,721,500
25 £3,355,443,100
I'm 33 years old... looking at the table above............ my answer = yes1 £100
2 £300
3 £700
4 £1,500
5 £3,100
6 £6,300
7 £12,700
8 £25,500
9 £51,100
10 £102,300
11 £204,700
12 £409,500
13 £819,100
14 £1,638,300
15 £3,276,700
16 £6,553,500
17 £13,107,100
18 £26,214,300
19 £52,428,700
20 £104,857,500
21 £209,715,100
22 £419,430,300
23 £838,860,700
24 £1,677,721,500
25 £3,355,443,100
My life is good, I'm happy, I could go for the £3m in 15 years and never work again. But then you look at it and think, another year and it's £6m.... No, I'm happy with 3m please.
But in reality I would forget we ever had this conversation and let you rack it up because my kids could sure use all those billions further down the list and I don't really *need* the money.
But in reality I would forget we ever had this conversation and let you rack it up because my kids could sure use all those billions further down the list and I don't really *need* the money.
Pit Pony said:
keo said:
I’m 35. If I waited 15 years until I’m 50 (dream retirement age) I’d have more money than I could spend!
ah, but if you waited a year you'd have twice as much... Just one year. Atthe end of that year, you'd be thinking... Just one more year...
He has gone bankrupt.
Simple demonstration of exponential growth using powers of 2, that's all.
2 to the power of 5 = 32
2 to the power of 10 = 1024
2 to the power of 15 = 32,768
2 to the power of 20= 1,048,576
2 to the power of 25 = 33,554,432
Since you're starting with £100, add two 0s to the end for the sum of money above
2 to the power of 5 = 32
2 to the power of 10 = 1024
2 to the power of 15 = 32,768
2 to the power of 20= 1,048,576
2 to the power of 25 = 33,554,432
Since you're starting with £100, add two 0s to the end for the sum of money above
K87 said:
I had a boss once who offered me a pre agreed bonus of 10000 or 20000 if I waited 11 months. He was surprised that I wanted the money now.
He has gone bankrupt.
I had something similar, I worked for a small company and he had just purchased the company from my old boss. The majority of the staff left in the next few months until he offered to give me £10K if I agreed to stay for 12 months.He has gone bankrupt.
I thought about it, worked out it was less than £6K after tax so decided it wasn't worth it. Surprise, surprise the company collapsed a few months later and I subsequently heard from another employee that he told them he was never going to give it to me anyway.
In this scenario, how long would it be before you owned all the wealth in the UK and could really start lording it over people?
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