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Just for fun I wondered what a missed $10k/yr was over time. http://www.moneychimp.com/calculator/compound_interest_calculator.htm http://www.moneychimp.com/ca
by djb_hackernews 11y ago
Just for fun I wondered what a missed $10k/yr was over time.
http://www.moneychimp.com/calculator/compound_interest_calculator.htm http://www.moneychimp.com/calculator/compound_interest_calcu...
values of 0; 10,000; 20; 4; results in nearly 310k of missed gains.
Increasing that 4% to 8% increases it to nearly a half a million!
At my estimated retirement income requirements, that basically means I could quit working 10 years earlier if I don't settle for being underpaid.
- markeroon 11y agoEh, you'll save thousands by not having to commute.
- djb_hackernews 11y agoOr the other option, work remotely and not get underpaid...
- oniichanisbaka 11y ago$120k in SF or 40k€ where I currently live get me both the same standard of living. I don't think comparing absolute wages/salaries has ever been meaningful.
- justinhj 11y agoBy the same logic you could say if only I'd done X I'd earn an extra $15k, $20k or even $50k a year but would you have followed a path in life that was balanced and happy? Not every decision can be reduced to a number