Praise Idleness@sh.itjust.works to 196@lemmy.blahaj.zone · 5 days agoDo you make $5,000/day?sh.itjust.worksimagemessage-square116fedilinkarrow-up11.04Karrow-down113
arrow-up11.03Karrow-down1imageDo you make $5,000/day?sh.itjust.worksPraise Idleness@sh.itjust.works to 196@lemmy.blahaj.zone · 5 days agomessage-square116fedilink
minus-squareToneswirly@lemmy.worldlinkfedilinkarrow-up53arrow-down1·5 days 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-up9·edit-24 days 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.