• inv3r510n@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    3 hours ago

    He could do absolutely nothing but sit on the beach for the rest of his life and he’d be making more money off interest than we make in a lifetime

    • LifeInMultipleChoice@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      22 minutes ago

      Assuming he lives to 88. And gets only 5% interest on his current money. Interest puts him over 1 trillion easy (around 1.8t) So assuming there are 450,000 users on Lemmy and we all make 3,000,000 dollars in our total lives… Yeah he will make about 1.5 times what me all make.

      Sidenote: average stock market growth over 10 years has been around 11% I saw. So that would put his worth around 8.9 trillion in 35 years of just sitting on investments.