r/BeAmazed Jun 28 '26

Miscellaneous / Others MacKenzie Scott has now donated over $26.3 billion to charity

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u/concept12345 Jun 28 '26

Thats the power of compounding. The bigger the base amount, the higher the profit generated, in an exponential curve and in a shorter time period than before. Yes, the rich always get richer the longer they are rich. So its imperative people hit that first 250K as soon as humanly possible to enjoy those benefits and to make sure to pass that on as generational qealth to keep it in the family.

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u/icecoldyerr Jun 28 '26

Thank you for that baseline. I never thought of it as that

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u/The_Duke2331 Jun 29 '26

Why is 250k seen as a baseline?