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Do you make $5,000/day? (sh.itjust.works)

submitted 18 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 11 hours ago (1 children)

Not really with that amount of time. Suppose you put away $1,000 a year for 532 years, at 3% you still end up with $225 billion.

The deposits are completely dwarfed by the compounding interest. If you only start with $1,000 and add nothing else but let that original $1,000 compound at 4% you'll have over $1 trillion.

[–] [email protected] 3 points 9 hours ago

Where are you getting 4% annual compound returns, though? That's faster than the historical growth in global GDP over the equivalent time period.