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Reply to "How do I help my parents who didn't plan for retirement"
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[quote=Anonymous][quote=Anonymous] Not OP but two people making high salaries and living frugally while timing the real estate market right can sock away a lot of money. [/quote] $7 M by age 35? Assuming they started making a lot of money at age 25, and live very frugally, they still have to have extremely high salaries in order to save that much money. And to time the real estate market correctly several times. It is very hard to make that much money in 10 years when you're young, unless the money comes from a one time event (e.g. selling your company). [/quote]
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