3 ms·
100k$ won't create much savings in the Bay Area. At least aim for 200k$ there if you want to sell your life for years.
by carlmr 8y ago
100k$ won't create much savings in the Bay Area. At least aim for 200k$ there if you want to sell your life for years.
- madengr 8y agoSo $200k is $20k for 10 years, which is well below the poverty line. If you sold your life for 4 years, that would only get you 40 years of poverty. Now if you can invest $180k/year, for a few years when young, you can retire early and rich. But it would take 20 years of growth.
- nigifabio 8y ago100k in most of European big cities are not going to send you to pension at 40 either, 200k is the 6figures salary of the 90s
- carlmr 8y agoTrue, in Europe high taxes take an additional toll, also the salary situation is so that it's basically impossible to get 200k in Europe if you're an employee.