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[quote=Anonymous][quote=Anonymous]Op, all you had to do was invest $1000 a month into VOO for 15 years. You had the income to do so. Forget about TSP, savings, and 529 if you have it.They don't teach you anything and returns are much lower than what you could have gotten on your own.
I invested $500 a month for ca 25 years while making $30k a year. I don't work for money anymore.
College for DC1 will cost us $50k total: no loans, no aid.
DC is working at 18, while attending college. I will pay for their school, because I want them to invest all their money.
Op, you were not as good with money as you think you were. Go back in time and see where you could have done better. Do better you can going forward. Let your kids know that investing does exist. They should have learned and started long ago, because incomes go up only so much.[/quote]

How did you invest $500/mo while making $30,000/year for 25 years?  That is 20% of your salary before takehome.  Even 25 years ago crappy 2 bedroom-ish apts were over $1000 plus utilities in the area I lived in (hcol area but talking about lower end areas within that)...plus food, transportation, and child care (not 25 years ago, but 16 years ago I paid $400 per week for child care for 1 infant).

I'm not trying to be a jerk, I'm trying to understand how you possibly did that.  Or am I misunderstanding what you said?  [/quote]

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