Praise Idleness@sh.itjust.works to 196@lemmy.blahaj.zone · 17 hours agoDo you make $5,000/day?sh.itjust.worksimagemessage-square99fedilinkarrow-up1862arrow-down110
arrow-up1852arrow-down1imageDo you make $5,000/day?sh.itjust.worksPraise Idleness@sh.itjust.works to 196@lemmy.blahaj.zone · 17 hours agomessage-square99fedilink
minus-squareToneswirly@lemmy.worldlinkfedilinkarrow-up40arrow-down1·10 hours agoI mean its worse than that. Youd need to work at a rate of 16,600/hr, 24 hours a day for 2,000 years to get even close to Elon Musk
minus-squareJohnDClay@sh.itjust.workslinkfedilinkarrow-up1·edit-26 minutes agoBut if you got $5000 at 0.7% yearly interest rate for 2000 years, you’d get to Musk’s wealth. You can only get that high with compound interest with investments, rather than earning money.
I mean its worse than that. Youd need to work at a rate of 16,600/hr, 24 hours a day for 2,000 years to get even close to Elon Musk
But if you got $5000 at 0.7% yearly interest rate for 2000 years, you’d get to Musk’s wealth. You can only get that high with compound interest with investments, rather than earning money.