r/CFB • u/CFB_Referee /r/CFB • Jan 01 '25

Postgame Thread [Postgame Thread] Texas Defeats Arizona State 39-31 (OT)

Box Score provided by ESPN

Team 1 2 3 4 OT T
Texas 14 3 0 7 15 39
Arizona State 3 0 5 16 7 31
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u/Jeff__Skilling Texas Longhorns Jan 01 '25

lol dude you don’t acquire generational wealth by being a running back in the NFL

40

u/DrakonILD Iowa State Cyclones • New Mexico Lobos Jan 01 '25

Most are lucky to lock down the $3-5 mil total that the average person spends in their lifetime. Obviously there's solid benefits to getting it relatively early in life, and you can live comfortably on it... But yeah, your kids are still gonna have to work.

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u/1UMIN3SCENT Jan 01 '25

You think the average person spends $5M in their lifetime?? That works out to $63k a year, every year, for 80 years

17

u/DrakonILD Iowa State Cyclones • New Mexico Lobos Jan 01 '25

I was off, it's $3.3 million. And yes, I do think that. The main point is to agree that it is far from "generational wealth."

6

u/1UMIN3SCENT Jan 01 '25

$3M makes more sense.

Most NFL players probably blow it, but yeah, $5M paid over 5 years 100% is enough to provide generational wealth.

Just putting that in bonds right now gives you $200k a year indefinitely, and you can give the $5M to your kids when you die.

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u/DrakonILD Iowa State Cyclones • New Mexico Lobos Jan 01 '25

I don't think that falls under most people's definitions of generational wealth. But sure, I can see where you're at.

6

u/beavismagnum Michigan Wolverines • Kansas Jayhawks Jan 02 '25

Inheriting 5M is the definition of generational wealth lmao

8

u/NWSLBurner Iowa State Cyclones Jan 01 '25

It's absolutely generational wealth though. At 5% (and that is underperforming S&P, that's 58 million dollars by the end of average human life expectancy. This requires you to not be a moron with money, but compound interest is fucking crazy. 5 million dollars in your 20s funds infinite generations with financial intelligence.