It is the year 714 B.C. You are immortal and have just invented money, and you call it "bucks". (For the moment, you decide against inventing inflation and compound interest.)
You start stashing 1000 Bucks every single day.
2739 years later: It is 2025. You *still* haven't reached ONE BILLION Bucks.
@czottmann I understand. But I fear those examples doesn’t help. There are just random numbers like the year and the monthly saving amount. Where does the 1000 bucks come from? Why not saving more?
There is also no reason for inventing compund interests as they are coming automatically as soon you have interests.
Another wrong assumption is that you save this💰 on a bank account. The 💴 is bound in stocks, company shares and or real estate.
Carlo Zottmann
Konafets