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We are at roughly the same compensation. If you save 60k a year vs 120k a year, the time it takes to own a house is cut in half, the rent and interest bleed sto
by raven105x 7y ago
We are at roughly the same compensation. If you save 60k a year vs 120k a year, the time it takes to own a house is cut in half, the rent and interest bleed stops twice as fast.
Now you're saving 180k a year by reducing bleed even though your expenses are the same, etc etc. Compound finance is a helluva drug
- mettamage 7y agoHeck, if you save 120K per year and work for 2 years, you can basically retire to places like Thailand and live like a king.
- onlyrealcuzzo 7y agoOn $250k in investments, you could only sustainably withdraw $10k per year. That's not even $1k per month. That's upper middle class in Thialand, which is not exactly kingly.