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Alexandra Erin @alexandraerin
, 12 tweets, 2 min read Read on Twitter
LRT: Do you know how easily you could make 100 million dollars if you started with 100 million dollars? Just invest it in a fairly conservative, diverse fashion and ignored it for a couple of years while living your same lifestyle but not working or worrying about expenses...
The easiest way to make money in this economy is to have money to begin with. It creates opportunities that can't be gained any other way.
There's a plot point in the newest season of Luke Cage where Mariah and Shades can make several hundred million dollars on a shady stock deal if they have $20 million in seed money.
It's insider trading *plus* blackmail/coercion (that Mariah considers this "going legit" tells you a lot about how the rest of the season is going to go) but they can't begin to do it if they don't have eight digits of capital to begin with.
And as it happens, they have three (3) different assets that could each bring them in reach of what they need by selling.
And while it's a kind of exaggerated example, it's a good illustration of the principle. The more money you have, the more opportunities you have to make more money.
In the purely hypothetical situation where you have a choice between a 100 million dollars or a book on how to make a 100 million dollars, take the money. Every time.

You can go to the bookstore and buy a book on how to get rich.
If there were a secret to getting rich that could be applied just with the knowledge, not with additional resources and opportunity and luck, everybody would be rich.
And for everybody who's telling you that their can't-miss secret can't miss and they're the living proof, there's a thousand more people who did the same thing the same way and didn't make it. They're just not selling a book.
Interest compounds. Investment gains compounds. If your fortune grows by X% a year and you have so much money you don't have touch it, next year you'll get another X% of X%, and so on.

You know, the exact same thing that makes it hard to get out of debt.
If the most return you could make out of a $100 million is 1% a year, that gives you income of a million dollars a year with that $100 million staying intact. If you can live a nice life on less than a million a year, your fortune is growing without you lifting a finger.
I know this is a pointless hypothetical because no one is offering any of us a choice between a hundred million dollars or knowledge.

But take the hundred million dollars.

Money buys both more money and knowledge more easily than knowledge buys money.
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