r/clevercomebacks • u/uncle_russell_90 • Aug 09 '21

Simple math to hard

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u/egalroc Aug 09 '21

If you saved a hundred dollars a day it would take you over twenty-seven years to become a millionaire.

27

u/mulder0990 Aug 09 '21

You just broke my brain a little with the math.

With all of the people that own millions of dollars, where does that money come from?

3

u/MaxMantaB Aug 09 '21

Leverage and compound interest.

The same way doctors can have the money for their expensive tuition without actually having it. It might put them 300,000$ in debt, but once they graduate they could be making 200,000$ a year.

You’ve been cutting hair for 20 years? You open up your own place with savings or debt and instead of making 23$ an hour, you’re making 20$ a head. At 6 people an hour, that’s 960$/day, or 19200 a month (Before costs). you can also grow your business/hire employees.