Current Events > Saving 10k a day since 80,000 B.C. still not as much $ as Elon Musk

(+) Yeah! (+)

https://gamefaqs.gamespot.com/a/user_image/0/0/8/AAefUOAAESLA.jpg

Any nerds care to crunch that numbers?

note data of 2021

That's 3,650,000 per year, multiplied by 82,021 years you get 299,376,650,000.

So in 2021 that might have been correct

You cant just save up, you gotta invest

WhisperWolf2005 posted...

You cant just save up, you gotta invest

10k a day is unrealistic to begin with and way more than any investing would ever got you

I know its hard to believe ... but Elon just works that much harder

WhisperWolf2005 posted...

You cant just save up, you gotta invest

10k a day puts you in the top 0.1%

Turtlebread posted...

I know its hard to believe ... but Elon just works that much harder

tears in my eyes

If you make less than $250,000 per year, you shouldnt pay taxes on your income. The tax structure should literally prevent you from being able to even be a billionaire thats how harshly they need to tax the Uber rich.

WingsOfGood posted...

10k a day is unrealistic to begin with and way more than any investing would ever got you

Compounding bro.

Squall28 posted...

Compounding bro.

10k a day is 3,650,000 a year

shut the fuck up

I get the point of the tweet, but Musk isn't a liquid billionaire.

Having a Billion and being "worth" a billion are two very different things.

bigblu89 posted...

I get the point of the tweet, but Musk isn't a liquid billionaire.

Having a Billion and being "worth" a billion are two very different things.

In this context does it really matter? It feels like pointless semantics to really care here.

bigblu89 posted...

I get the point of the tweet, but Musk isn't a liquid billionaire.

Having a Billion and being "worth" a billion are two very different things.

wow you are right
poor musk

poor guy

we should bail him out

Does it really matter when we cant even trust our government to spend taxes on shit that actually matters?

ellis123 posted...

In this context does it really matter? It feels like pointless semantics to really care here.

No one should really care about how much Musk has or is "worth" to begin with.

Nemu posted...

Does it really matter when we cant even trust our government to spend taxes on shit that actually matters?

huh?

bigblu89 posted...

No one should really care about how much Musk has or is "worth" to begin with.

That makes no sense. Are you a chud account, or do you not understand that economics is a perfectly valid thing to not be dumb about?

bigblu89 posted...

No one should really care about how much Musk has or is "worth" to begin with.

and there it is boys

what an expected turn of events

"guys he didn't actually have that in cash! leave him alone!"

smh

WingsOfGood posted...

and there it is boys

what an expected turn of events

"guys he didn't actually have that in cash! leave him alone!"

smh

Some of yall's "Eat the Rich" attitudes are insufferable.

That's capitalism it's not realistic to save money to attain wealth this century.

apocalyptic_4 posted...

That's capitalism it's not realistic to save money to attain wealth this century.

Thank You.

That was the point I was trying to make.

Having a lot of money will make you rich, but it'll never make you wealthy.

bigblu89 posted...

Thank You.

That was the point I was trying to make.

Having a lot of money will make you rich, but it'll never make you wealthy.

So your solution to the negativity of people going "Eat the rich" is to overthrow captialism?

Okay then.

Ah yes the wealth is imaginary (until it's time to buy a social media platform or a nesting doll yacht)

[LFAQs-redacted-quote]


I didn't make any posts like all of last week actually

TC doesnt understand compound growth lol

Damn_Underscore posted...

TC doesnt understand compound growth lol

do you make $3.5 million a year?

if not, then explain to me why you knowledge of compound growth hasn't unlocked this ability for you

I understand it but this scenario was purposely selected a ridiculous amount of money since the ice age to prove a point

but if you guys gonna act this stupid then let me point out that in the ice age there was no banks giving you compound growth
CHECK FUCKING MATE

@Damn_Underscore

ellis123 posted...

So your solution to the negativity of people going "Eat the rich" is to overthrow captialism?

Okay then.

Not at all. Yall are the ones that have a problem with capitalism, not me.

WingsOfGood posted...

10k a day is 3,650,000 a year

shut the fuck up

If you invest that at a 10% index fund, you'll double that within 10 years. Within 20, you'll quadruple. It will take you 90 years to surpass Elon instead of that silly 80,000 BC figure you have.

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.

Elon musk does not have that much cash on hand and his assets are overvalued. Not that we shouldn't tax the billionairws

Squall28 posted...

If you invest that at a 10% index fund, you'll double that within 10 years. Within 20, you'll quadruple. It will take you 90 years to surpass Elon instead of that silly 80,000 BC figure you have.

nobody is just making 3.65 million out of thin air like this

that is the point of the showcase and it WOOSHED over your little head so hard

Eh, I feel like once you get past like $100 million then there's no real difference between you and a multi billionaire in terms of lifestyle

Damn_Underscore posted...

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.

WOOSH

WingsOfGood posted...

WOOSH

You are actually trolling and I fell for it?

littlebro07 posted...

Eh, I feel like once you get past like $100 million then there's no real difference between you and a multi billionaire in terms of lifestyle

A guy with $100 million can have a private jet but he can't buy Twitter because he's upset that a guy is tweeting about his private jet.

Whether you acknowledge it or not there's a massive power discrey between a guy with $100 million and $100 billion personal comfort not withstanding. There's a lot of issues with billionaires beyond their personal comfort lifestyle.

Damn_Underscore posted...

You are actually trolling and I fell for it?

1. You said: "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"
2. So you added no value to this thread
3. but you tried to do a gotcha to me saying "didn't know of compound interest"
4. but failed to realize that whole point was a dude in the FUCKING ICE AGE making 3.65 million a year since the FUCKING ICE AGE, would not surpass what Elon was worth

WOOSH

Go out and accomplish as much as Elon did.

WhisperWolf2005 posted...

Go out and accomplish as much as Elon did.

I just did

checkmate

"It's literally impossible to make the kind of money Musk has"

*Shows exactly how to make the kind of money Musk has*

"No, not like that! Do it again but make it take 80,000 years so I can make my point!"

bigblu89 posted...

"It's literally impossible to make the kind of money Musk has"

*Shows exactly how to make the kind of money Musk has*

"No, not like that! Do it again but make it take 80,000 years so I can make my point!"

Lmfao since you already know how to make Elon Musk money why don't you go do it and leave us alone

WingsOfGood posted...

I just did

checkmate

Shut the fuck up and stop posting already.

Plus, taking 10 grand a day and putting it something that will get you a 0% return is a terrible way to invest your money.

Even cavemen in 80,000 BC knew that.

bigblu89 posted...

*Shows exactly how to make the kind of money Musk has*

You realize the op is not real right?

The making 10k a day thing is a made up fantasy

Just letting you know....

electricbugs2 posted...

Shut the fuck up and stop posting already.

upset I did more than he did just like that?

Tyranthraxus posted...

Lmfao since you already know how to make Elon Musk money why don't you go do it and leave us alone

Because I'm living comfortably with the money I'm currently making.

My mortgage gets paid on time, I have zero credit card debt. Both my wife and my cars are paid off, and I have six figures in the bank and my 401k/IRAs.

I don't need Musk money to be satisfied. I'm perfectly fine with what I have.

bigblu89 posted...

Because I'm living comfortably with the money I'm currently making.

My mortgage gets paid on time, I have zero credit card debt. Both my wife and my cars are paid off, and I have six figures in the bank and my 401k/IRAs.

I don't need Musk money to be satisfied. I'm perfectly fine with what I have.

ah so you CAN'T do it can you?

hmmmm