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It seems like $100k is conservatively a pretty typical salary these days even outside the big companies. That is $4M after a 40 year career, which makes you a m
by sanderjd 5y ago
It seems like $100k is conservatively a pretty typical salary these days even outside the big companies. That is $4M after a 40 year career, which makes you a millionaire when you retire if you can save 25%, even if the savings appreciate 0%. This seems pretty accomplishable.
But perhaps the idea of "being a millionaire" you're thinking of is not that you slowly manage it over a long career, but that it happens more quickly?
- giantg2 5y agoBLS says that $110k is the median. It's not about eventually becoming a millionaire. It's about using Gates and other successful outliers as a pattern for normal people. There are tons of smart and hardworking people out there who are not very successful. There's a lot more going on than just hard work.