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Originally Posted by Cube Inmate
Ummm... what interest rate do you think he's getting? It would take about 25 or 30% interest to hit a billion in a decade. Rule of 72... at 7.2% interest, it would take about 10 years to double. Needs to double more than twice.
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Id take a pretty good guess that Mahomes money guy is getting him 20% or better.
Even if he’s getting 10%, It’s still $1 billion in 20 years. Doing nothing.
that’s the scale of wealth these guys are getting now.
The best way I ever heard to describe the difference between $1 million and $1 billion is this: At one dollar a second, $1 million is like 11 days. $1 billion is 33 years.
If you get that second contract as a QB in the NFL now, You are on fast track to the three comma club.
The yearly salary is academic at that point.