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If you are 30 today, then in 40 years you would be 70. Good time to get rich :-)
by dennisgorelik 14y ago
If you are 30 today, then in 40 years you would be 70. Good time to get rich
:-)
- greedo 14y agoI'd rather be rich at 70, than poor...
- dennisgorelik 14y agoYou are not going to get rich for free. That would require extra effort over 40 years. You can put that effort elsewhere, for example launch 5 startups, or have 5 more kids, or extra vacation every year.
- teamonkey 14y agoAfter investing $4700/year for 40 years you still won't be rich. The amount I could withdraw each year would still be much less than my current middle-class salary. In other words, I'd have less income than I do now. In fact, I need to squirrel away a very large proportion of my salary to retire and be better off than I am now. I can't afford that, which is the point. The middle class is too poor to ever be rich.