- Published on
Why are vampires always rich?
- Authors
- Name
- Jessie Jimenez
- @JessieDianeJim1
In every vampire story, vampires are almost always rich. If they were real, this would probably be true, given that they never age.
Meet Eric. Your friendly neighborhood vampire.
Let's say that, for the first 50 years of his vampire life, he scrapes by the same as always, and never seems to have a penny to spare.
Until, one lucky day, he finds a penny on the sidewalk and decides to save it.
Many years of saving a penny here and there and he has $100 dollars to invest.
He's told it will take a long time for his money to grow, so he goes on his way and forgets about it. A lot of time passes. But time is nothing to a vampire.
200 years later, Eric wonders what ever happened to that $100?
His money has grown to over $100,000,000.
So humans aren't living to 200. What can this mean for us? Tune in next week to find out how much free money is locked in the years we have.
Sources:
https://www.moneygeek.com/compound-interest-calculator/
https://www.nerdwallet.com/banking/calculator/compound-interest-calculator
https://www.investopedia.com/terms/i/interest.asp
https://www.investopedia.com/terms/p/principal.asp#:~:text=Responsible%20Parties-,What%20Is%20Principal%3F,face%20value%20of%20a%20bond.
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor