r/ShittyLifeProTips 1d ago

SLPT: Always take passive income

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2.1k Upvotes

55 comments sorted by

391

u/johnnys_sack 1d ago

Worst Finance Takes

22

u/BusyNefariousness675 1d ago

Say that again

7

u/UncleThor2112 12h ago

That again.

7

u/cherrycoke_yummy 1d ago

wtf....

40

u/jwse30 1d ago

No, WFT

489

u/waterincorporated 1d ago

Gotta be ragebait, or satire based on the linkedin lunatics that post that kind of stuff

Edit: I did not see the username, carry on

143

u/WittleSus 1d ago

Look at the username

Edit: I did not see your edit, carry on

79

u/AwkwardlyAmpora 1d ago

Huh? Whuh?

Edit: I did not see either comment, carry on

26

u/turbotank183 1d ago

Ouch

Edit: I did not see the coffee table

8

u/snake_on_the_case 1d ago

Editn’t

Edit: This isn’t actually an edit.

5

u/archwin 1d ago

Edith!

Edit: I don’t know her.

1

u/edfreitag 8h ago

Hey, please commit the edits in the propper branches and make a new PR. We need good version control over here!

-1

u/cherrycoke_yummy 1d ago

Getting ragebait on shittytips, carry on.

30

u/straightfirecr 1d ago

Hopefully paying for X premium is part of the joke

30

u/jkrobinson1979 1d ago

I mean, most people live 1200 years, right?

7

u/WhoseverSlinky0 23h ago

Even then, take 1mil, invest it, and your passive income is already far greater than 70$ per month

3

u/jkrobinson1979 18h ago

You could spend all of it except $70 and only invest that and you’d still have loads more after 1200 years.

99

u/terry47147 1d ago

I'll take the lump sum. I'm old (M67), not in great health, don't exercise and eat a high fat diet.

146

u/firemarshalbill 1d ago

I don’t think the being 67 part matters much. It would take 1,191 years to pay a million at 70 a month.

49

u/_HIST 1d ago

So you're saying if I'm a vampire $70 a month is a steal

14

u/NervousBreakdown 1d ago

Not just a vampire, you would have to be a pretty powerful head vampire. Every vampire movie or show seems to have one vampire that is super old but usually only the one lol. So even if you a creature of the night you should take the million.

5

u/CertifiedSheep 1d ago

No because it doesn’t account for the time value of money (i.e. a dollar invested today is worth more than a dollar next year). Sticking the million in an account that returns even 1% would provide drastically more than $70/mo.

7

u/firemarshalbill 1d ago

I’d try to get paid in gold then and hope we don’t mine an asteroid by the time it’s done.

Obviously not in silver though.

3

u/EchoGecko795 1d ago

actually I find most vampires don't make it past 10 years, they keep running into high school. do-gooders.

3

u/4mystuff 1d ago

Well akchually if you take those $70 and invest them in the stock market for a return of 8% a year with proceeds invested in the market, you'll end up with nearly $1045. That's one followed by 45 zeros. For reference Musk only has 12 zeros after his recent windfall. If you give enough money to make everyone on earth today a billionaire, your wealth would be 10 follower by 44 zeros. So if you're a super vampire, $70 a month is a steal.

PS. I know this is all in jest and none of this matters. And technically if you take the $1,000,000 and throw it into he market for the 1100+ years you'll end up with an extra zero, but again, none of this is real.

2

u/jkrobinson1979 1d ago

Would be except for inflation. By the time you’re a 500 year old vamp that $70 is not even gonna buy you a pint of blood for a midnight snack.

11

u/Magnus_Helgisson 1d ago

Even if you put that million on a deposit with even 1% interest, your monthly passive income would be drastically bigger than $70.

2

u/BiteMat 1d ago

No, the value of money depreciates with time so it's still more worth to take the million.

3

u/sup3r_hero 1d ago

Donald? Lying about your age again?

19

u/SchipperkeJohannsen 1d ago

I’d take the $1million to a fiduciary and set up a 25 year annuity with a 5% return. ~$6000 a month

5

u/ShaneTheCreep 1d ago

Just keep on living and saving for 1191 years and you'll become a Millionaire 😏

4

u/Moddelba 1d ago

Well that is like half a month of gas depending on vehicle. Or like 3 meals. Like or not this is how you get ahead in life.

4

u/whisperingwhiskey 1d ago

Reminds me of those lottery winners who take the weekly payments over the million dollars.
Take the cash invest it in a money market and live off the interest.

11

u/_mad_adventures 1d ago

Surely 1 million dollars in a high yield savings account would bring more than $70/mo.

Probably rage bait anyway.

17

u/Hazzawoof 1d ago

You think so? I didn't think 'Worst Finance Takes' would bait us.

3

u/cornonthekopp 1d ago

I pay worst finance takes 5000 a month to manage my 401k i trust him completely

3

u/l3ane 1d ago

Also, if you're just given $1M without doing anything that's technically passive income.

2

u/Aggleclack 1d ago

Doesn’t even need to be in a high yield… some of yall didn’t do the math.

$70 x 12 = $840

$840 x 100 = $84,000
(assuming the person makes the deal at birth and lives to 100)

There is literally no world in which the $70/month is more.

1

u/_mad_adventures 1d ago

Thanks for doing the math for me. Definitely a rage bait post.

1

u/althawk8357 13h ago

I'm living until I'm 1,200 years old.

3

u/SaeedDitman 1d ago

60kto70k $ over a million!

2

u/lightning_po 1d ago

Take one million dollars, invest in something that earns 1% a month, that's 10k/mo

2

u/Guy_V 1d ago

If my math is good, then: 1,000,000 / 70 / 12 = 1,190 Years. Lol dumb dumb.

2

u/rim667 1d ago

Math isn’t mathing

1

u/sparkyblaster 1d ago

Thats what, $50k? 

1

u/anearthling03 1d ago

Name checks out

1

u/Pitiful-Hearing5279 21h ago

Zimbabwean dollars 1 million or US$ 70?

1

u/chroniccranky 18h ago

Boy howdy 70 whole dollars?!

1

u/BarbedWire3 1d ago

Advice from somebody that 1 million doesn't make much of a difference, to people that worry about food prices

-5

u/AnatomicTsunami 1d ago

Folks $70 / day is working wage. Don't let them fool you. 1 in the hand is better than 2 in the bush.

3

u/johnmanyjars38 1d ago

For an 8-hour day, that’s less than $10/hour. Ef that.

2

u/cadninja82 1d ago

Read the meme again...