How much should we save/invest every month?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Car payments are for the poors.

OP here. I disagree - my rate is a bit under 4%. I can do much better (and am doing much better) than that putting money in the stock market. In a sense, car payments are for "poors" if you take one on because you have to. But they sometimes make sense.

HUH?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Car payments are for the poors.

OP here. I disagree - my rate is a bit under 4%. I can do much better (and am doing much better) than that putting money in the stock market. In a sense, car payments are for "poors" if you take one on because you have to. But they sometimes make sense.

HUH?

Car costs $20,000. Instead of paying cash, I put down $6,000 and get a 5-year loan of $14,000 at 3%. I put $14,000 in various index funds and get a much higher return over 5 years than 3.5%. I have come out ahead than if I had tied up the entire $20,000 in the car up front.

This is why I don't pay off my student loans on an acclerated basis (I owe $55,000 at 3%).

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think Millionaire next door says assets should be equal to (annual income x age)/10. So 40 year olds making 200,000 should have at least $800,000k in assets.

He probably pulled that formula out of his arse, I reckon?

+1 is he presuming no student debt or $20-30k on childcare costs?

[Anonymous]

Become a capitalist as soon as possible. Invest as much as you can and with in teen years you'll start accumulating real wealth.

It's fun and it's rewarding.

[Anonymous]

Anonymous wrote:Become a capitalist as soon as possible. Invest as much as you can and with in teen years you'll start accumulating real wealth.

It's fun and it's rewarding.

How can I do this?