4 ms·
All 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 sav
by Taek 9y ago
All 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.