@[email protected] to Fuck [email protected]English • 3 months agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netmessage-square234fedilinkarrow-up1657
arrow-up1657imageAs 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 • 3 months agomessage-square234fedilink
minus-square@[email protected]linkfedilinkEnglish60•edit-23 months 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•3 months 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•3 months agoInflation historically has been 1 to 4 %.
minus-square@[email protected]linkfedilinkEnglish13•3 months 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•3 months 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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