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$100 are about $650 in todays money [1]. [1]: http://www.wolframalpha.com/input/?i=100%24+from+1969
No. It is $3323. 1oz gold coin price in USD: 1969 40 2013 1362
Stated differently: there is more to life than buying gold.
I feel like too many people get sucked into the idea of furthering their career, to the point that they forget to further their own life. What is the point of existence if we never get around to experiencing it? "It's not the things we do in life that we regret on our death bed, it is the things we do not." - Randy Pausch
Same for startups ;-)
Reminds me how lucky I (we?) are to be free of the monotonous prison of every day life which most Americans are stuck in.
My goal is to make as much money as I can as fast as I can so that instead of trying to become the next billionaire, I can stop working and become the next great thinker. I value knowledge and happiness over money.
Reminds me how lucky I (we?) are to be free of the monotonous prison of every day life which most Americans are stuck in.
I feel like too many people get sucked into the idea of furthering their career, to the point that they forget to further their own life. What is the point of existence if we never get around to experiencing it? "It's not the things we do in life that we regret on our death bed, it is the things we do not." - Randy Pausch
A Scandinavian psychologist somewhat recently proposed a typically Scandinavian reversal of this: he suggested people should work to age 80, but work proportionally less in all the years up to there. Basically redirect the pension system to subsidize more early-age vacation and less pension.
edit: http://cphpost.dk/business/researcher-advocates-25-hour-work...
Earlier quoted context omitted.
No. It is $3323. 1oz gold coin price in USD: 1969 40 2013 1362
You are taking the value of a tangible asset from 1969 and comparing it to todays value of said tangible asset. This in no way illustrates the inflation rate. All it shows (assuming your numbers are right) is the increase in the perceived value of gold in that time frame. The original comment's $650 number is close enough to be considered accurate
Reminds me how lucky I (we?) are to be free of the monotonous prison of every day life which most Americans are stuck in.
"They never pay the slaves enough so they can get free, just enough so they can stay alive and come back to work." But then why don't the slaves leave? Unlike in the past, nobody is holding a gun to their head. One possibility, probably popular among entrepreneurial types, is the slaves don't leave, because they don't think they can leave. It's a problem that is easily solved! All the boring types need is a little bit of education, for them to learn that leaving is possibility.
But maybe, what scares us a little bit, is that maybe the slaves don't want to leave. They value that security that the boring life brings them (that is why they complain "it ain't right" - because they have lost something they really valued). This is the really scary thing, because we don't want to be boring but we could see ourselves making the same choice. At the same time we don't understand the choice of the slaves to not leave, we identify with it at a level that we maybe can't explain. But is it a wrong choice? Who are we to judge others for choosing security over wealth or self-exploration? Maybe we are at a knife edge- a little bit less motivation here, a marginal preference there, a taste of failure here, and we, too, would pick security over wealth (of money, of intellect, of experience). I think that the strange paternalistic attitude of the passage is a result of the fear - the fear of that condition.