this post was submitted on 09 Mar 2025
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A Boring Dystopia

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Just let your wealth compound over time and you'll be a millionaire, the advice goes. If this is true why aren't more people rich?UNDERSTAND, SHARE & PUSH BACK

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[โ€“] glimse@lemmy.world 9 points 14 hours ago (1 children)

There's not enough patience in the world to make compound interest work for someone who lacks the expendable income upfront

[โ€“] FlashMobOfOne@lemmy.world -2 points 14 hours ago

You're not wrong.

But there's also definitely not enough patience on the part of people who do either.