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user: mabbo created: 1527 days ago karma: 6074 Active, long-standing account. If you're a sockpuppet you're a damned good one. :) Out of curiosity, how signif
by abandonliberty 9y ago
user: mabbo
created: 1527 days ago
karma: 6074
Active, long-standing account. If you're a sockpuppet you're a damned good one. :)
Out of curiosity, how significant is 50K to this guy?
- Pica_soO 9y agoToy money, i guess. Its suprising who is a millionair and who isnt. In a car factory where my brother works, one of the workers, financing a house with his money and then houses with money from the house, became a millionaire without anyone in the above layer noticing. So if he gets chewed out by one of his fore-masters or executives, they are - not knowing- chewing out somebody who could quit any time.
- Taek 9y agoAll it takes is 10-20 years of saving 30+% of your income. Most people balk at that savings rate, but anything white collar pays enough to have that sort of savings if you are willing to life a more modest lifestyle than your socioeconomic peers. 10 years later the interest you earn on it will be more than the 30% you are putting in.
- Pica_soO 9y agoIt helps if you have entertainment/activitys that are solitary, cheap and infinite. Games, books, whatever occupy you without draining resources.
- user5994461 9y agoThat was automatic for most people not so long ago, at the time house were bought on 10-20 years mortgages.
- x2f10 9y ago>10 years later the interest you earn on it will be more than the 30% you are putting in. How? 5% interest, $1,000 monthly injections, compounded monthly over 10 years. $120k in deposits, $36k in interest.