this post was submitted on 25 Oct 2024
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[โ€“] Toneswirly@lemmy.world 49 points 23 hours ago (1 children)

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

[โ€“] JohnDClay@sh.itjust.works 6 points 14 hours ago* (last edited 14 hours ago)

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.