Cost : $3.50!! Increase by 50cents
and since i was very hungry, i decided to order peanut soup with red bean and sesame balls.
Signboard : $2
Cost : $2.10 !! 10cent for container, Previously when i ordered the container WAS free.
Times are bad, certainly a lot of small business are looking for ways to increase their revenue.
this brought me back to a lunch conversation i had with a financial planner (FP)friend.
FP : When do you wish to retire?
Me : 50
FP : How much do you want to spend per month after retirement
Me : 1000
FP : If you die at 85, you will need 1000 x 12 x 35 = xxxx amount
Me : correct
FP : however, you must take note of inflation. the $1000 monthly after 24years (i am 26 this year) will be 2000++ (close to 3000), thus instead of taking 1000 x 12 x35, (*counts) you will need 1 million plus. And this 1 million plus is exluding inflation during my last 35 years.
Note : Of cos our conversation are not that robotic, Details are extracted, the rest of the misc conversation are all ommited.
Pretty scary, but true.
Consider the cost of a stick of mentos in 1994 and now. If i never recall wrongly, in 1994 was only 50cents and now it should be $1.2 when i last checked.
thus i can conclude, in the next 50 years, almost all of us will be millionaires (=
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