Interesting. I once heard a stat that stated "If you put £1M into a traditional deposit-type bank account, the interest alone would be the equivalent of a £70,000-a-year salary". And, that's always been my go-to answer to the question "What would you do if you had/won a million pounds".
It seems - and let's be honest, it's hardly a scientific stat anyway - that it is maybe an outdated way to look at things; maybe it was based on some interest rate decades ago.
Plus, if I'm reading correctly, you've not put the base mill into investments anyway?
jumpin_jon2 karma
Interesting. I once heard a stat that stated "If you put £1M into a traditional deposit-type bank account, the interest alone would be the equivalent of a £70,000-a-year salary". And, that's always been my go-to answer to the question "What would you do if you had/won a million pounds".
It seems - and let's be honest, it's hardly a scientific stat anyway - that it is maybe an outdated way to look at things; maybe it was based on some interest rate decades ago.
Plus, if I'm reading correctly, you've not put the base mill into investments anyway?
View HistoryShare Link