D.B.Cooper wrote: ↑Sat 31 Aug 2024 3:48pm
loris wrote: ↑Sat 31 Aug 2024 3:17pm
B.M wrote: ↑Sat 31 Aug 2024 12:54pm
I can guarantee he has 7 figures in his ban account and then some
Wealthy in anyone’s eyes for a ‘moderately successful businessman’
Guarantee
You work at his ban(k) now to be privy to this confidential information?
I think you should advise him to not leave a 7figure amount lolling around in ‘his’ bank account - not a way to accumulate wealth these days.
Wealthy is relative.
Oh loris, you are too clever.
Poor BM thinks that:
1. His opinion is fact, he guarantees it!
2. Wealthy people have 7 figure bank accounts (hasn't been following cash rates since covid)
3. Seven figure accounts = success
4. Wealthy in his eyes equates to wealthy in "anyone's eyes"
BM at least has toned down his wealth assessment
"SLIGHTLY" from $200M to seven figures
FWIW, I'd call the net wealth of $200M successful.
Maybe a
ban account is a new trading platform that us oldies don't understand?
Ha, ha. Any self respecting accountant or financial advisor will inform you if you retire with a $1,000,000 you should have a ‘comfortable’ retirement (depending on the life style you are accustomed to - Jamie Packer wouldn’t be able to survive on $1m - whereas I can). Hence one is ‘comfortable’, not wealthy.
However a homeless woman, on a pension, with minimal superannuation (as it wasn’t available to her through most of her possible employment years) living out of her car would think $1m would signify exceptional wealth. Yep wealth sure is relative.
As old as I am D.B.C, I think I know what a ‘ban’ account is.
Last year, I realized I had one cheque left in a cheque book I hadn’t used in years. So I paid an account with my last cheque I had. To my surprise
(an no doubt the receiver of my cheque), it bounced!!!
Lo & behold I hadn’t kept up with the times. I thought like days gone bye, it would take days for the cheque to be presented to my bank for debiting from my account, and I would have time to transfer money from my superfunds’ cash management account, to my personal account.
Nah, not these days. I gave the cheque to the tradie who had done the work at my home. He went to the bank that afternoon, and wiz bang technology identified immediately I didn’t have money in my account to cover the cheque. So the cheque bounced
. It was so embarrassing.
So that’s what I guess is a ‘ban’ account these days??
Not like the good old days, when cheques, could be ‘presented again’ I think up to three times. I know that was allowed in the 1960’s, as my first job was in a bank. Horror of all horrors it was too for a non-numerate like me!!
The moral of this story D.B.C - ditch your old cheque books, they don’t give you the breathing space of the good/bad (another relative thingy) old days.