@[email protected] to Fuck [email protected]English • 24 days agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netmessage-square236fedilinkarrow-up1655
arrow-up1655imageAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.net@[email protected] to Fuck [email protected]English • 24 days agomessage-square236fedilink
minus-square@[email protected]linkfedilinkEnglish60•edit-224 days agoAssuming you begin investing at the age of 20 and invest $554 per month for 45 years at a 6% growth rate, you would yield 1.4 million. Definitely not MILLIONS.
minus-square@[email protected]linkfedilinkEnglish18•24 days agoAnd then you add the inflation and you actually just owe money. Got to get that third job at 65
minus-square@[email protected]linkfedilinkEnglish4•23 days agoInflation historically has been 1 to 4 %.
minus-square@[email protected]linkfedilinkEnglish13•23 days ago6% is very conservative though. Even at 7%, which is a widely accepted inflation adjusted number, it’s over 2 mil.
minus-square@[email protected]linkfedilinkEnglish1•23 days agoThe other thing is that the monthly investment amount should increase when income does, which at minimum should match inflation.
Assuming you begin investing at the age of 20 and invest $554 per month for 45 years at a 6% growth rate, you would yield 1.4 million. Definitely not MILLIONS.
And then you add the inflation and you actually just owe money. Got to get that third job at 65
Inflation historically has been 1 to 4 %.
6% is very conservative though. Even at 7%, which is a widely accepted inflation adjusted number, it’s over 2 mil.
The other thing is that the monthly investment amount should increase when income does, which at minimum should match inflation.
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