2 ms·
That's nice, but honestly I'd be surprised if many were able to do that at all without a lot of generational wealth backing it up. Assuming you went to college
by dpeck 14y ago
That's nice, but honestly I'd be surprised if many were able to do that at all without a lot of generational wealth backing it up.
Assuming you went to college and got out in 4 years thats only 8 years to put back 1x salary. Given that a lot of those first few years is invested into "setting up shop" getting things like furniture, a reliable vehicle, maybe buying a house, getting married, sometimes having kids, I don't think thats in the cards for many people.
- philwelch 14y agoYou can't make a savings rate of 12.5% without "a lot of generational wealth backing it up"?