is it just me or is the font really hard to read?
It's on the harder side, I also have to say so.
Mark Twain’s Get-Rich-Quick Schemes
51–60 of 89 posts
Re: Mark Twain’s Get-Rich-Quick Schemes
#52Earlier quoted context omitted.
Someting is off with the food prices. Multiplying the other amounts by 100 yields reasonable comparisons to todays prices: $485 - mens suit $8000 - NYC rent $150/day - working person salary $600 - rural rent $35/lb butter $40/dozen eggs
Edit: Obviously misread the comment I replied to. You need to buy your butter and eggs elsewhere if you think these are reasonable comparisons to today's prices.
> > Someting is off with the food prices.
Re: Mark Twain’s Get-Rich-Quick Schemes
#53So it says $450k then is equivalent to about $11M now, a multiple of about 24. So scaling up.. the coal miner's daily pay was about $36 in today's money and monthly rent about $144. A 3 bed NYC apartment, on the other hand, was about $1920 in today's money. Seems the gap between poor and the 'typical' rich has come down a lot, even if it doesn't feel like it.
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Re: Mark Twain’s Get-Rich-Quick Schemes
#54Regarding the point about his good fortune of being born in 1835, I wonder what the date is for new tech billionaire CEOs. The article made me wonder if we are in our own little gilded age now. Mark Zuckerberg: 1984 Larry Page: 1973 Sergey Brin: 1973 Elon Musk: 1971 Michael Dell: 1965 Jeff Bezos: 1964 Jack Ma: 1964 Masayoshi Son: 1957 Steven Ballmer: 1956 Bill Gates: 1955 Steve Jobs: 1955 Paul Allen: 1953 Larry Ellis…
Sadly, this Gilded Age won't end with the government breaking up all the tech giants, only continuously enabling them.
Re: Mark Twain’s Get-Rich-Quick Schemes
#55So it says $450k then is equivalent to about $11M now, a multiple of about 24. So scaling up.. the coal miner's daily pay was about $36 in today's money and monthly rent about $144. A 3 bed NYC apartment, on the other hand, was about $1920 in today's money. Seems the gap between poor and the 'typical' rich has come down a lot, even if it doesn't feel like it.
Seems the gap between poor and 'typical' rich has come down a lot
So basically the only thing that can be gleaned is that property prices have gone up across the board, unlinked to inflation.
EDIT: the actual cost for a 2 bed is apparently more like $4.1k in NYC. So a 3bed is probably around $5-6k [1].
Re: Mark Twain’s Get-Rich-Quick Schemes
#56Nice article, but what do the title and text have to do with each other? Spending ~30+ years learning to write and sell books doesn't look like a Get-Rich-Quick scheme to me. His father also bought land so that his future generations could become rich. That's not quick either.
I had the same thought. I think I would have enjoyed it more if I didn’t expect it to turn into stories of crazy business ventures.
Re: Mark Twain’s Get-Rich-Quick Schemes
#57So it says $450k then is equivalent to about $11M now, a multiple of about 24. So scaling up.. the coal miner's daily pay was about $36 in today's money and monthly rent about $144. A 3 bed NYC apartment, on the other hand, was about $1920 in today's money. Seems the gap between poor and the 'typical' rich has come down a lot, even if it doesn't feel like it.
Seems the gap between poor and 'typical' rich has come down a lot How do you figure? Back then you could rent a 3bed in NYC for $2000 (in todays dollars). That actual cost for a 3bed in NYC is probably closer to 4k or 5k, as I think a 2bed will usually run you about 3.5k p/m. So basically the only thing that can be gleaned is that property prices have gone up across the board, unlinked to inflation. EDIT: the actual…
I'm currently in a 4bd in the 2700 range
Re: Mark Twain’s Get-Rich-Quick Schemes
#58Earlier quoted context omitted.
Seems the gap between poor and 'typical' rich has come down a lot How do you figure? Back then you could rent a 3bed in NYC for $2000 (in todays dollars). That actual cost for a 3bed in NYC is probably closer to 4k or 5k, as I think a 2bed will usually run you about 3.5k p/m. So basically the only thing that can be gleaned is that property prices have gone up across the board, unlinked to inflation. EDIT: the actual…
I'm currently in a 4bd in the 2700 range
Sounds like rent control