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The author is pretty clear. > And don’t forget about the importance of compound interest. I will remind you that $2k per month saved on rent for one year is $2
by scott_karana 11y ago
The author is pretty clear.
> And don’t forget about the importance of compound interest. I will remind you that $2k per month saved on rent for one year is $24k. Invested for 50 years averaging 6% interest comes to roughly $450k. Freedom. HTFU.
$450K towards retirement for one year of living in cramped, expensive SF sounds like it could be a reasonable payoff for many people.