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You are correct. Interest was not factored in. 5-10 year investments with loan options are also a great alternative. 40,000 was mainly a number based around fa
by ambiate 13y ago
You are correct. Interest was not factored in. 5-10 year investments with loan options are also a great alternative.
40,000 was mainly a number based around family, mortgage, food, transportation, classes, hazard/maintenance(car/home/health/life) and conferences.
It would be interesting to see how low I could get that number while mitigating the natural risks of family life.
- woebtz 13y agoHow much of that theoretical nest egg would you risk to investments? 70%? 30%? Inflation chipping away your savings is a given, but investments that match or beat inflation have no guarantees. How much of the savings would remain after 15 years? Would you still feel secure going back to work in your 16th year with no money in the bank for your car/home/health/life?