4 ms·
It’s not terribly hard to get into that position, if you spend 40 years of your time and treasure on something with resale value instead of on food and experien
by bombcar 1y ago
It’s not terribly hard to get into that position, if you spend 40 years of your time and treasure on something with resale value instead of on food and experiences.
You can do something similar if you buy a house and keep buying any neighboring house that comes up for sale (and renting them out, perhaps).
- softwreoutthere 1y ago> It’s not terribly hard Uhm, it must be, or more people would do it
- bombcar 1y agoLosing weight isn’t terribly hard but still lots have trouble doing it.
- vel0city 1y agoMedian household income is like $83k. If you were in a median US household and you saved half of all your income every month into something that had a stable 4% return, in 40 years you'd have ~$4M. Not even halfway there. You'd need a little over 9% of stable returns over that 40 year timeframe to hit that $15M target.
- WalterBright 1y agoThe S&P 500 returns average 7% in real dollars (not inflated dollars). My calculation makes that about $9m over 40 years.