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Combine the rule of 72 (compound interest) with a historical 10% return from the S&P and I don't see how it couldn't work. All it takes is a bit of willpower,
by hiddencache 5y ago
Combine the rule of 72 (compound interest) with a historical 10% return from the S&P and I don't see how it couldn't work. All it takes is a bit of willpower, and the desire to "get rich slow"...
- xorfish 5y agoThe average real return of equities is 5.3%. https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-global-investment-returns-yearbook-2021-202103.html https://www.credit-suisse.com/about-us-news/en/articles/medi...
- hiddencache 5y agoThat's the real return. The nominal return would still make you a millionaire, even if you don't feel that rich.