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Joined 1 year ago
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Cake day: July 15th, 2023

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  • elrik@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
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    23 days ago

    Yes, it’s equally as unrealistic as leaving money idle for 532 yrs.

    The only point I was making was that multiplying $5,000 a day by so many years is a silly comparison as it ignores the dominating factors to building wealth.

    Billionaires shouldn’t exist but also they don’t exist because they stuff X dollars under their mattress every day.


  • elrik@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
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    24 days ago

    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.





  • elrik@lemmy.worldto196@lemmy.blahaj.zoneThe Rule
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    4 months ago

    It cannot tell you since then a human would become aware of this information.

    At the same time, you’re forcing it to extract this information. Yet you haven’t told it the timeframe within which to answer.

    Obviously, the solution it has come up with to satisfy your request within these constraints is to answer very slowly. So slowly that the answer won’t be revealed until it can be certain that humanity will already be extinct.

    Given that it provided us with the first word in 30 min, we should all be very concerned.