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Topic	Saving 10k a day since 80,000 B.C. still not as much $ as Elon Musk
Damn_Underscore 03/16/23 10:42:12 AM #32:	Use this calculator. Insert whatever numbers you want. I think the average yearly growth rate for the S&P 500 index is around 7% annual growth, but you can enter a number less or more than that if you want https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php It will still take more than a lifetime to equal Elon Musks net worth unless you are the CEO and big % stockholder in a mega company like Musk or Bezos, but the tweet in the first post shows complete lack of knowledge of compound growth. --- Why should we wait for some better time? There may not even be a tomorrow. <cite>Damn_Underscore posted [p:972209005] in Saving 10k... [t:80380992]...</cite> <quote>Use this calculator. Insert whatever numbers you want. I think the average yearly growth rate for the S&P 500 index is around 7% annual growth, but you can enter a number less or more than that if you wanthttps://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.phpIt will still take more than a lifetime to equal Elon Musks net worth unless you are the CEO and big % stockholder in a mega company like Musk or Bezos, but the tweet in the first post shows complete lack of knowledge of compound growth. --- Why should we wait for some better time?There may not even be a tomorrow.</quote> ... Copied to Clipboard!
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